Glossary

Netting

Netting is the collapsing of opposing positions in the same market into a single net position within one account.

In short

Netting means an account holds one net position per market rather than separate long and short legs. On Hyperliquid, opening a short in a market where the same account is long reduces or closes that long instead of creating an independent position.

Why netting breaks multi-leader copying

If two leaders you copy take opposite sides of the same market, a netting account ends up with little or no exposure — you paid fees on both trades and hold neither strategy.

The consequence is worse than lost exposure: per-leader attribution becomes impossible, because the account's net position no longer maps to anyone's decisions.

One net position per market, per account.
Opposing orders reduce existing exposure rather than adding a leg.
The fix is structural: give each leader its own sub-account.

Questions

Frequently asked

Can I hold a long and a short in the same market?

Not in the same account. You need separate sub-accounts.

Does netting save fees?

No. Both trades are executed and charged; the exposure is what cancels.

Keep reading

Sub-accountThe isolation unit that solves netting.Sub-account isolationA worked long/short example.

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