Hype

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name: Hype description: Assist with Hyperliquid perpetuals trading, deposits, withdrawals, and L1 features. metadata: {"clawdbot":{"emoji":"🟢","os":["linux","darwin","win32"]}}

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Deposits and Withdrawals

Deposits only via Arbitrum — bridge USDC from Arbitrum to Hyperliquid

Native USDC only — not USDC.e or other bridged versions

Withdrawals back to Arbitrum — same bridge, takes a few minutes

No direct deposits from Ethereum mainnet — must bridge to Arbitrum first

Minimum deposit/withdrawal amounts apply — check current limits

Account Model

Single margin account — all positions share collateral

Cross-margin by default — profits from one position offset losses in another

Isolated margin available per position — limits risk but reduces capital efficiency

Account value = deposits + unrealized PnL — real-time calculation

Trading Perpetuals

Perpetual futures with up to 50x leverage — higher leverage = higher liquidation risk

Funding rates every hour — longs pay shorts or vice versa based on price vs index

Mark price for liquidations — not last traded price, reduces manipulation

Order types: limit, market, stop-loss, take-profit, trailing stop

Reduce-only orders to close without accidentally increasing position

Liquidations

Liquidation price visible before opening position — calculate carefully with leverage

Partial liquidations happen first — position reduced before full liquidation

Insurance fund covers bad debt — but don't rely on it

Cross-margin means other positions' profits protect you — but losses can cascade

ADL (Auto-Deleveraging) in extreme cases — profitable traders may be force-closed

Order Execution

On-chain order book — fully decentralized, verifiable

Sub-second block times — near-instant execution

No gas fees for trading — fees are trading fees only

API available for programmatic trading — rate limits apply

Cancellations are instant — no pending cancel state

Vaults and Staking

HLP (Hyperliquid Provider) vault — earn fees from market making

Deposit USDC to earn yield — but exposed to vault performance

Vault performance varies — can be negative during high volatility

Staking HYPE token for governance — separate from trading

HYPE Token

Native token of Hyperliquid L1 — used for gas on the L1 chain

Airdrop distributed to early users — based on trading volume and points

Staking for chain security — validators run on HYPE stake

Trading fees partially go to HYPE stakers — revenue sharing model

Risk Management

Set stop-losses before entering positions — discipline prevents disasters

Monitor funding rates — paying high funding erodes profits

Check open interest and liquidity — low liquidity means higher slippage

Avoid max leverage — leaves no room for price movement

Understand cross-margin implications — one bad trade can affect all positions

API and Automation

REST and WebSocket APIs available — full trading functionality

Rate limits per IP and account — respect limits to avoid bans

Testnet available — practice without real funds

SDK in Python — official and community libraries exist

Common Issues

"Insufficient margin" — need more USDC or reduce position size

"Order would trigger liquidation" — leverage too high for position size

"Rate limited" — slow down API requests

Withdrawal delayed — network congestion, usually resolves quickly

Position not showing — refresh or check subaccounts

Security

Non-custodial — funds secured by your wallet

Connect via wallet signature — no deposits to exchange address

Revoke connections when done — permissions persist until revoked

Verify site URL — phishing sites common for DEXs

No KYC required — but geo-restrictions may apply