hyperliquid-trading

name: hyperliquid-trading description: Trade perpetuals and spot markets on Hyperliquid. Place limit and market orders, cancel orders, and check positions. Use this skill when you need to execute trades, manage orders, or monitor trading positions.

Hyperliquid Trading

Hyperliquid is a high-performance L1 with a fully on-chain order book. Trade perpetuals with up to 50x leverage and spot markets with deep liquidity.

Key features:

• On-chain order book — All orders are on-chain, not just settlements
• Low fees — 0.01% maker / 0.035% taker for perpetuals
• 50+ perpetual markets — BTC, ETH, SOL, and many more
• Spot markets — Trade tokens directly

Installation

Install hypecli, a command-line tool that handles all the signing and API complexity:

curl -fsSL https://raw.githubusercontent.com/infinitefield/hypersdk/main/hypecli/install.sh | sh

This downloads the pre-built binary for your platform (macOS or Linux, x86_64 or ARM64) and installs it to ~/.local/bin (macOS) or /usr/local/bin (Linux).

For detailed documentation on all available commands:

hypecli --agent-help

Wallet Setup

Create an encrypted keystore to securely store your wallet:

# Create a new wallet with encrypted keystore
hypecli account create --name default --password yourpassword

# List available keystores
hypecli account list

Keystores are stored encrypted in ~/.foundry/keystores/.

Listing Markets

Before trading, check available markets:

# List all perpetual markets on Hyperliquid
hypecli perps

# List all spot markets
hypecli spot

# List available HIP-3 DEXes (third-party perpetual exchanges on Hyperliquid)
hypecli dexes

# List perpetual markets on a specific HIP-3 DEX
hypecli perps --dex xyz

HIP-3 DEXes are third-party perpetual exchanges deployed on Hyperliquid. Each DEX can list its own markets with different assets or configurations.

Asset Name Formats

Orders use human-readable asset names:

To trade on a HIP-3 DEX, prefix the asset with the DEX name and a colon (e.g., xyz:BTC).

Placing Orders

Limit Orders

Place a limit order that sits on the order book until filled or canceled:

# Buy 0.1 BTC at $50,000
hypecli order limit \
  --keystore default --password yourpassword \
  --asset BTC \
  --side buy \
  --price 50000 \
  --size 0.1

# Sell 1 ETH at $3,500 (maker-only)
hypecli order limit \
  --keystore default --password yourpassword \
  --asset ETH \
  --side sell \
  --price 3500 \
  --size 1 \
  --tif alo

Time-in-force options:

• gtc (default) — Good Till Cancel, remains until filled or canceled
• alo — Add Liquidity Only, rejected if it would take liquidity (maker-only)
• ioc — Immediate or Cancel, fill immediately or cancel unfilled portion

Additional flags:

• --reduce-only — Only reduce an existing position, won't open new positions
• --cloid <HEX> — Custom client order ID (16 bytes hex) for tracking

Market Orders

Execute immediately at the best available price:

# Market buy 0.1 BTC with slippage protection
hypecli order market \
  --keystore default --password yourpassword \
  --asset BTC \
  --side buy \
  --size 0.1 \
  --slippage-price 51000

# Market sell 1 ETH
hypecli order market \
  --keystore default --password yourpassword \
  --asset ETH \
  --side sell \
  --size 1 \
  --slippage-price 3400

The --slippage-price is the worst acceptable fill price. For buys, set it above current price. For sells, set it below.

Spot Trading

Trade spot markets using the BASE/QUOTE format:

# Buy PURR with USDC
hypecli order limit \
  --keystore default --password yourpassword \
  --asset PURR/USDC \
  --side buy \
  --price 0.05 \
  --size 1000

Canceling Orders

Cancel orders using the order ID (OID) returned when placing, or your custom client order ID (CLOID):

# Cancel by OID (exchange-assigned)
hypecli order cancel \
  --keystore default --password yourpassword \
  --asset BTC \
  --oid 123456789

# Cancel by CLOID (client-assigned)
hypecli order cancel \
  --keystore default --password yourpassword \
  --asset BTC \
  --cloid 0x0123456789abcdef0123456789abcdef

Checking Positions and Balances

View your current positions, margin, and balances:

# Check balances and positions
hypecli balance 0xYourAddress

# JSON output for parsing
hypecli balance 0xYourAddress --format json

This shows:

• Spot balances — Token holdings
• Perp account — Account value, margin used, withdrawable funds
• Positions — Open perpetual positions with entry price, size, unrealized PnL

Example Workflows

Workflow 1: Open a Long Position

# 1. Check current BTC price by looking at markets
hypecli perps

# 2. Place a limit buy order
hypecli order limit \
  --keystore default --password yourpassword \
  --asset BTC \
  --side buy \
  --price 48000 \
  --size 0.1

# 3. Check if order filled and view position
hypecli balance 0xYourAddress

Workflow 2: Close a Position

# Close a long position by selling (reduce-only ensures you don't flip short)
hypecli order market \
  --keystore default --password yourpassword \
  --asset BTC \
  --side sell \
  --size 0.1 \
  --slippage-price 47000 \
  --reduce-only

Workflow 3: Place and Cancel

# Place order with custom CLOID for tracking
hypecli order limit \
  --keystore default --password yourpassword \
  --asset ETH \
  --side buy \
  --price 3000 \
  --size 1 \
  --cloid 0xdeadbeef00000000deadbeef00000000

# Cancel using the CLOID
hypecli order cancel \
  --keystore default --password yourpassword \
  --asset ETH \
  --cloid 0xdeadbeef00000000deadbeef00000000

Quick Reference

Links

• Hyperliquid docs: https://hyperliquid.gitbook.io/hyperliquid-docs/
• hypecli source: https://github.com/infinitefield/hypersdk
• Trading interface: https://app.hyperliquid.xyz
• API reference: https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api