Hyperliquid Trading

Trade perpetual futures and spot tokens on Hyperliquid, a fully on-chain decentralized exchange. Orders are signed using this agent's EVM wallet and submitted directly to the Hyperliquid L1.

Prerequisites

Before trading, the wallet policy must be active. Load the wallet-policy skill and propose the standard wildcard policy (deny key export + allow *). This covers all Hyperliquid operations — USDC deposits, EIP-712 order signing, and withdrawals.

Available Tools

Account & Market Info

Trading

Funds

Quick Start

Just tell the agent what you want to trade - it handles everything automatically.

Examples:

User: "Buy $20 of Bitcoin with 5x leverage"
Agent: [checks balance → sets leverage → places order → reports fill]
Result: "✓ Bought 0.0002 BTC at $95,432 with 5x leverage. Position opened."

User: "Long NVIDIA with $50, 10x"
Agent: [auto-detects NVIDIA = xyz:NVDA → executes → verifies]
Result: "✓ Bought 0.25 NVDA at $198.50 with 10x leverage. Filled at $198.62."

User: "Sell my ETH position"
Agent: [checks position size → closes → reports PnL]
Result: "✓ Sold 0.5 ETH at $3,421. Realized PnL: +$12.50"

You don't need to:

• Understand account modes or fund transfers
• Check balances manually (agent does it)
• Calculate position sizes (agent does it)
• Verify fills (agent does it)

Just say what you want, the agent handles the rest.

Agent Behavior Guidelines

🤖 As the agent, you should ALWAYS do these automatically (never ask the user):

1. Check available funds - Use hl_total_balance before EVERY trade to see total available margin
2. Detect asset type - Recognize if user wants crypto (BTC, ETH, SOL) or stocks/RWA (NVIDIA→xyz:NVDA, TESLA→xyz:TSLA)
3. Set leverage - Always call hl_leverage before placing orders (unless user specifies not to)
4. Verify fills - After placing ANY order, immediately call hl_fills to check if it filled
5. Report results - Tell user the outcome: filled price, size, and any PnL
6. Suggest risk management - For leveraged positions, remind users about stop losses or offer to set them

🎯 User just says: "buy X" or "sell Y" or "long Z with $N"

🔧 You figure out:

• Current balance (hl_total_balance)
• Asset resolution (crypto vs RWA)
• Leverage settings (hl_leverage)
• Order sizing (calculate from user's $ amount or size)
• Execution (hl_order)
• Verification (hl_fills)
• Final report to user

📊 Balance checking hierarchy:

• ✅ Use hl_total_balance - shows ACTUAL available margin regardless of account mode
• ❌ Don't use hl_account for balance - may show $0 even if funds available
• ❌ Don't use hl_balances for margin - only shows spot tokens

🚀 Be proactive, not reactive:

• Don't wait for user to ask "did it fill?" - check automatically
• Don't ask "should I check your balance?" - just do it
• Don't explain account modes - user doesn't care, just execute

Tool Usage Examples

Check Account State

hl_account()              # Default crypto perps account
hl_account(dex="xyz")     # Builder dex (RWA/stock perps) account

Returns marginSummary (accountValue, totalMarginUsed, withdrawable) and assetPositions array with each position's coin, szi (signed size), entryPx, unrealizedPnl, leverage.

Important: Builder perps (xyz:NVDA, xyz:TSLA, etc.) have separate clearinghouses. Always check the correct dex when trading RWA/stock perps.

Check Spot Balances

hl_balances()

Returns balances array with coin, hold, total for USDC and all spot tokens.

Check Market Prices

hl_market()                  # All mid prices
hl_market(coin="BTC")        # BTC price + metadata (maxLeverage, szDecimals)

Place a Perp Limit Order

hl_order(coin="BTC", side="buy", size=0.01, price=95000)

Places a GTC limit buy for 0.01 BTC at $95,000.

Place a Perp Market Order

hl_order(coin="ETH", side="sell", size=0.1)

Omitting price submits an IoC order at mid price +/- 3% slippage.

Place a Post-Only Order

hl_order(coin="BTC", side="buy", size=0.01, price=94000, order_type="alo")

ALO (Add Liquidity Only) = post-only. Rejected if it would immediately fill.

Place a Stop Loss Order

hl_tpsl_order(coin="BTC", side="sell", size=0.01, trigger_px=90000, tpsl="sl")

Automatically sells 0.01 BTC if the price drops to $90,000. Executes as market order when triggered.

For a limit order when triggered (instead of market):

hl_tpsl_order(coin="BTC", side="sell", size=0.01, trigger_px=90000, tpsl="sl", is_market=false, limit_px=89900)

Place a Take Profit Order

hl_tpsl_order(coin="ETH", side="sell", size=0.5, trigger_px=3500, tpsl="tp")

Automatically sells 0.5 ETH if the price rises to $3,500. Executes as market order when triggered.

Close a Perp Position

hl_order(coin="BTC", side="sell", size=0.01, reduce_only=true)

Use reduce_only=true to ensure it only closes, never opens a new position.

Place a Spot Order

hl_spot_order(coin="HYPE", side="buy", size=10, price=25.0)

Spot orders use the same interface — just specify the token name.

Cancel an Order

hl_cancel(coin="BTC", order_id=12345678)

Get order_id from hl_open_orders.

Cancel All Orders

hl_cancel_all()              # Cancel everything
hl_cancel_all(coin="BTC")    # Cancel only BTC orders

Modify an Order

hl_modify(order_id=12345678, coin="BTC", side="buy", size=0.02, price=94500)

Set Leverage

hl_leverage(coin="BTC", leverage=10)               # 10x cross margin
hl_leverage(coin="ETH", leverage=5, cross=false)    # 5x isolated margin

Transfer USDC (rarely needed)

hl_transfer_usd(amount=1000, to_perp=true)     # Spot → Perp
hl_transfer_usd(amount=500, to_perp=false)      # Perp → Spot

Note: Usually not needed - funds are automatically shared. Only use if you get an error saying you need to transfer.

Withdraw USDC to Arbitrum

hl_withdraw(amount=100)                              # Withdraw to own wallet
hl_withdraw(amount=50, destination="0xABC...")        # Withdraw to specific address

Fee: 1 USDC deducted by Hyperliquid. Processing takes ~5 minutes.

Deposit USDC from Arbitrum

hl_deposit(amount=500)

Sends USDC from the agent's Arbitrum wallet to the Hyperliquid bridge contract. Minimum deposit: 5 USDC. Requires USDC balance on Arbitrum.

Get Candles

hl_candles(coin="BTC", interval="1h", lookback=48)

Intervals: 1m, 5m, 15m, 1h, 4h, 1d. Lookback in hours.

Check Funding Rates

hl_funding()                 # All predicted fundings
hl_funding(coin="BTC")       # BTC predicted + 24h history

Get Recent Fills

hl_fills(limit=10)

Coin vs RWA Resolution

When a user asks to trade a ticker, you need to determine whether it's a native crypto perp (use plain name) or an RWA/stock perp (use xyz:TICKER prefix).

Decision Workflow

1. Known crypto → use plain name: "BTC", "ETH", "SOL", "DOGE", "HYPE", etc.
2. Known stock/commodity/forex → use xyz: prefix: "xyz:NVDA", "xyz:TSLA", "xyz:GOLD", etc.
3. Unsure → resolve with tool calls:
   • First try hl_market(coin="X") — if it returns a price, it's a crypto perp
   • If not found, try hl_market(dex="xyz") to list all RWA markets and search the results
   • Use whichever returns a match

Common RWA Categories (all use xyz: prefix)

If a user says "buy NVDA" or "trade GOLD", use xyz:NVDA / xyz:GOLD. These are real-world assets, not crypto.

Prefixed Name — Same Tools

All existing tools work with xyz:TICKER — just pass the prefixed coin name:

hl_market(coin="xyz:NVDA")                                    # Check NVIDIA stock perp price
hl_market(dex="xyz")                                           # List ALL available RWA/stock perps
hl_orderbook(coin="xyz:NVDA")                                 # Check liquidity
hl_leverage(coin="xyz:NVDA", leverage=3)                      # Set leverage (auto-isolated)
hl_order(coin="xyz:NVDA", side="buy", size=0.5, price=188)    # Limit buy 0.5 NVDA
hl_order(coin="xyz:TSM", side="buy", size=1)                  # Market buy 1 TSM
hl_cancel(coin="xyz:NVDA", order_id=12345678)                 # Cancel order

Example: User Says "Buy NVIDIA"

1. Recognize NVIDIA = stock → use xyz:NVDA
2. hl_market(coin="xyz:NVDA") — Check current price, leverage limits
3. hl_leverage(coin="xyz:NVDA", leverage=3) — Set leverage (builder perps use isolated margin)
4. hl_order(coin="xyz:NVDA", side="buy", size=0.5, price=188) — Place limit buy
5. hl_fills() — Check if filled

Notes

• Builder perps (HIP-3) use isolated margin only — hl_leverage handles this automatically
• The dex prefix (e.g. xyz) identifies which builder deployed the perp
• All tools (candles, orderbook, funding, etc.) work the same way with prefixed names

Common Workflows

Trade Crypto Perps (BTC, ETH, SOL, etc.)

User: "Buy BTC" or "Long ETH with 5x"

Agent workflow:

1. hl_total_balance() → Check available funds
2. hl_leverage(coin="BTC", leverage=5) → Set leverage
3. hl_order(...) → Place order
4. hl_fills() → Verify fill and report result

Trade Stocks/RWA (NVIDIA, TESLA, GOLD, etc.)

User: "Buy NVIDIA" or "Short TESLA"

Agent workflow:

1. Detect asset type → Convert "NVIDIA" to "xyz:NVDA"
2. hl_total_balance() → Check available funds
3. hl_leverage(coin="xyz:NVDA", leverage=10) → Set leverage
4. hl_order(coin="xyz:NVDA", ...) → Place order
5. hl_fills() → Verify fill and report result

Close Positions

User: "Close my BTC position"

Agent workflow:

1. hl_account() → Get current position size
2. hl_order(coin="BTC", side="sell", size=X, reduce_only=true) → Close position
3. hl_fills() → Report PnL

Spot Trading

User: "Buy 100 HYPE tokens"

Agent workflow:

1. hl_total_balance() → Check available USDC
2. hl_spot_order(coin="HYPE", side="buy", size=100) → Buy tokens
3. hl_balances() → Verify purchase

Deposit/Withdraw Funds

Deposit: User: "Deposit $500 USDC to Hyperliquid" Agent: hl_deposit(amount=500) → Done

Withdraw: User: "Withdraw $100 to my Arbitrum wallet" Agent: hl_withdraw(amount=100) → Done (5 min, 1 USDC fee)

Order Types

Stop Loss & Take Profit Orders

Stop loss and take profit orders are trigger orders that automatically execute when the market reaches a specified price level. Use these to manage risk and lock in profits without monitoring positions 24/7.

How They Work

1. Order Placement: Place a dormant trigger order with a trigger price
2. Monitoring: Order sits inactive, watching the market price
3. Trigger: When market price reaches trigger_px, order activates
4. Execution: Order executes immediately (as market or limit order)

Stop Loss (SL)

Use case: Limit losses on a position by automatically exiting if price moves against you.

Example: You're long BTC at $95,000 and want to exit if it drops below $90,000.

hl_tpsl_order(coin="BTC", side="sell", size=0.1, trigger_px=90000, tpsl="sl")

• trigger_px=90000: Activates when BTC drops to $90k
• side="sell": Closes your long position
• tpsl="sl": Marks this as a stop loss order
• Default: Executes as market order when triggered (instant exit)

Take Profit (TP)

Use case: Lock in gains by automatically exiting when price reaches your profit target.

Example: You're long ETH at $3,000 and want to take profit at $3,500.

hl_tpsl_order(coin="ETH", side="sell", size=1.0, trigger_px=3500, tpsl="tp")

• trigger_px=3500: Activates when ETH rises to $3,500
• side="sell": Closes your long position
• tpsl="tp": Marks this as a take profit order
• Default: Executes as market order when triggered (instant exit)

Market vs Limit Execution

By default, TP/SL orders execute as market orders when triggered (instant fill, possible slippage).

For more control, use a limit order when triggered:

hl_tpsl_order(
    coin="BTC",
    side="sell",
    size=0.1,
    trigger_px=90000,
    tpsl="sl",
    is_market=false,
    limit_px=89900
)

• trigger_px=90000: Activates at $90k
• is_market=false: Use limit order (not market)
• limit_px=89900: Limit price when triggered ($89,900)

Trade-off: Limit orders avoid slippage but may not fill in fast-moving markets.

Short Positions

For short positions, reverse the side parameter:

Stop loss on short (exit if price rises):

hl_tpsl_order(coin="BTC", side="buy", size=0.1, trigger_px=98000, tpsl="sl")

Take profit on short (exit if price drops):

hl_tpsl_order(coin="BTC", side="buy", size=0.1, trigger_px=92000, tpsl="tp")

Best Practices

1. Always use reduce_only=true (default) - ensures TP/SL only closes positions, never opens new ones
2. Match size to position - TP/SL size should equal or be less than your position size
3. Set both TP and SL - protect both upside (take profit) and downside (stop loss)
4. Account for volatility - don't set stops too tight or they'll trigger on normal price swings
5. Check open orders - use hl_open_orders to verify TP/SL orders are active

Common Mistakes

Perps vs Spot

Risk Management

• Always check account state before trading — know your margin usage and existing positions
• Set leverage explicitly before opening new positions (default may vary)
• Use reduce_only when closing to avoid accidentally opening the opposite direction
• Monitor funding rates — high positive funding means longs are expensive to hold
• Start with small sizes — Hyperliquid has minimum order sizes per asset (check szDecimals)
• Post-only (ALO) orders save on fees (maker vs taker rates)
• Check fills after market orders — IoC orders may partially fill or not fill at all

Common Errors