Hyperliquid knowledge base
Copy trading decisions are only as good as your understanding of the venue underneath them. These pages document how Hyperliquid actually works — the contract specification, the margin formulas, the funding cadence, the liquidation path and what the public data contains — with figures taken from Hyperliquid's own documentation rather than paraphrased from summaries.
In short
Hyperliquid is a layer-one blockchain whose execution splits into HyperCore, holding fully onchain perpetual and spot order books plus margin state, and the HyperEVM, a general-purpose smart contract layer. Perps are linear USDC-margined contracts with no expiry, hourly funding capped at 4% per hour, initial margin of 1/leverage, maintenance margin at half the initial margin at max leverage, and base perp fees of 0.045% taker and 0.015% maker on rolling 14-day weighted volume.
If Hyperliquid is new to you, read what it is and how the two execution layers divide the work before anything else. Almost every mechanical quirk further down — why liquidations use mark price, why funding is hourly, why every trader's record is auditable — follows from the decision to keep the order book onchain.
Margin, funding, liquidation and fees are where money is actually made and lost. Each page states the published formula and the number, so you can compute your own exposure instead of estimating it.
Vaults are frequently confused with copy trading and differ on the one dimension that matters: custody. Venue comparisons are kept structural, because competitor fee schedules change without notice. The data page explains what the public record contains and, importantly, what it cannot tell you.
HyperMirror is built on two Hyperliquid primitives documented here: public per-account fill history, which makes trader scoring a measurement problem, and trade-only agent approvals, which allow automated execution without custody. Nothing on these pages is HyperMirror-specific — that material lives in the copy trading pillar.
In this cluster
Reference pages on the exchange itself — architecture, margin, funding, liquidations, fees, vaults and public data — sourced from Hyperliquid's own documentation.
Methodology
Scoring and replacement are documented in full on How it works and in the Docs (Policy v3). In short: the Elite basket is sticky, emergencies remove a leader immediately, and soft issues accrue at most one strike per UTC day with three strike-days triggering replacement. Read how it works or the documentation for the full table.
Questions
A layer-one blockchain running a fully onchain perpetual futures and spot order book, where every position, fill and liquidation is public and secured by HyperBFT consensus.
0.045% taker and 0.015% maker for perps at the base tier, and 0.070% taker / 0.040% maker for spot, tiered on rolling 14-day weighted volume with staking discounts of 5% to 40%.
Every hour, at one eighth of the computed 8-hour rate, capped at 4% per hour, paid peer-to-peer with no protocol cut.
Hyperliquid's official documentation — the fees, funding, margining, liquidations, contract specification, robust price indices, staking and vaults sections. Verify against the live docs, as protocol parameters can change.
Keep reading
Score-weighted allocation across up to 10 elite Hyperliquid traders, each isolated in its own sub-account. Your funds never leave your account.
Non-custodial · Agent cannot withdraw · Cancel delegation anytime
