Frequently Asked Questions

• Vs Lighter: Hyperliquid uses an Order Book (CLOB), not an AMM. This means you can place Limit Orders, see the depth, and trade without the slippage associated with off-chain matching.
• Vs Aster: Hyperliquid runs on a custom L1 optimized for sub-second latency (<0.2s). It offers a professional trading experience (50x leverage), while Aster focuses on high-leverage speculation (1000x) and gamified mechanics.

Yes. The protocol subsidizes the gas cost for all trading transactions (Orders, Cancels, Liquidations). You only pay gas fees (in ETH) when you Deposit or Withdraw to/from Arbitrum.

Hyperliquid is a permissionless blockchain. However, the official frontend interface (app.hyperliquid.xyz) may restrict access from certain jurisdictions (like the US) to comply with local regulations. Users often access the protocol via VPN or alternative frontends, but they do so at their own risk.

No. Hyperliquid is a permissionless protocol. You trade directly from your Web3 wallet without providing ID, passport, or proof of address.

You can trade over 100+ Perpetual pairs (BTC, ETH, SOL, WIF, PEPE, etc.) and a growing number of Spot pairs (HYPE, PURR). The team adds new trending tokens very quickly.

• Cross Margin: Uses your entire account balance as collateral for all positions. If one position goes deeply negative, it can drain your account to prevent liquidation.
• Isolated Margin: Limits the collateral for a specific position. If that position hits its liquidation price, it closes, but the rest of your wallet balance is safe.

You can create multiple accounts under one wallet address. This is useful for:

1. Running a bot on one sub-account while manual trading on another.
2. Separating "Degen" high-leverage plays from your "Safe" low-leverage portfolio.

Hyperliquid's custom L1 processes up to 200,000 orders per second with <0.2s finality. It is built to handle high-frequency trading (HFT) and matches the speed of centralized exchanges.

The Hyperliquid bridge connects Arbitrum One to the Hyperliquid L1. It uses a strict challenge period for withdrawals. When you withdraw via the official bridge, there is a ~1-day delay. This allows validators to verify that the L1 state is correct and that no one is trying to withdraw fake funds.

Because Hyperliquid is a decentralized blockchain, the frontend is just one way to interact with it. If the main site goes down, you can still trade via API, or use community-hosted frontends. Your funds are on the blockchain, not on the website server.

If a trader is liquidated and the market moves so fast that their position is closed below the bankruptcy price (negative equity), the Insurance Fund covers the loss. This ensures that winning traders always get paid, even if the loser goes bust.

HLP acts as the "House". It profits when traders lose and loses when traders win. The main risk is a strong trend where most traders are profitable (e.g., a massive crypto bull run where everyone is Long). In this scenario, the HLP vault value could temporarily decrease.

No. To prevent gaming the system, there is a lock-up period (typically a few days) for deposits. You cannot deposit, wait for a specific event, and withdraw immediately.

• Gas: Fuel for the upcoming HyperEVM.
• Staking: Securing the PoS network.
• Governance: Voting on protocol parameters.
• Discounts: Reducing trading fees.

Listing is permissionless via the HIP-1 standard. You must win a Dutch Auction for the ticker symbol (to prevent squatting), deploy the token contract, and seed the initial liquidity on the order book.