How to Use Hyperliquid
Hyperliquid is a high-performance perp DEX with an on-chain order book. It offers CEX-like speed with decentralized custody.
Why Hyperliquid?
Advantages:- On-chain order book
- Sub-second execution
- Low fees (0.02% maker)
- No gas fees for trading
- Self-custody
Hyperliquid vs CEX
| Feature | Hyperliquid | Binance |
|---|---|---|
| . . . . - | . . . . . . - | . . . . - |
| Custody | Self | Exchange |
| KYC | None | Required |
| Fees | 0.02%/0.05% | 0.02%/0.04% |
| Speed | ~200ms | ~50ms |
| Pairs | 100+ | 200+ |
Points Program
Trade to earn Hyperliquid points for future HYPE token allocation.
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Track Hyperliquid trades with Fensory. Monitor PnL and positions.[Start Tracking →](https://www.fensory.com)
Step-by-Step Instructions
1
Bridge USDC to Arbitrum
Hyperliquid deposits come from Arbitrum. Bridge USDC there first.
Tips
- ✓Use official bridge or Across
- ✓Need small ETH for Arbitrum gas
2
Visit Hyperliquid
Go to app.hyperliquid.xyz and connect your wallet.
Warnings
- ⚠Only use app.hyperliquid.xyz
3
Deposit USDC
Click Deposit and send USDC from your Arbitrum wallet to Hyperliquid.
Tips
- ✓Deposits take 1-2 minutes
- ✓Minimum $10 deposit
4
Navigate Trading Interface
Familiarize yourself with the orderbook, chart, and position panel.
Tips
- ✓Similar to CEX interface
- ✓Use keyboard shortcuts for speed
5
Place Your First Trade
Select pair, choose long/short, set size, leverage, and order type.
Tips
- ✓Start with 2-3x leverage
- ✓Use limit orders for better fills
- ✓Set stop loss immediately
Warnings
- ⚠Double-check size and leverage before confirming
6
Manage Position
Monitor PnL, adjust stops, and manage your position from the positions panel.
Tips
- ✓TP/SL can be modified anytime
- ✓Watch funding rates for long-held positions
7
Withdraw Profits
Close positions and withdraw USDC back to your Arbitrum wallet.
Tips
- ✓Withdrawals process in minutes
- ✓Keep some for future trades