The limiting factor is not ambition, it is arithmetic. A sleeve has to be large enough to express a leader's position after minimum order size and lot rounding, and every sleeve you add divides the same capital further.
In short
Starter mode mirrors one leader, so the whole account backs a single sleeve and tracks it comparatively well even at modest size. Full mode mirrors up to 10 leaders in separate sub-accounts, which divides capital into that many independent margin pools — each still subject to minimum order size and lot rounding. Fewer sleeves sized properly track better than many sleeves sized into noise.
At a glance
Starter mode and Full mode compared on the constraints that actually bind.
Dimension
Starter mode
Full mode
Leaders mirrored
Starter mode1
Full modeUp to 10
Margin pools
Starter modeOne sleeve
Full modeOne sub-account per leader
Rounding pressure
Starter modeLowest — full capital behind one sleeve
Full modeHigher — capital divided per sleeve
Diversification
Starter modeNone across leaders
Full modeScore-weighted across the basket
Liquidation blast radius
Starter modeThat sleeve
Full modeThat sleeve only, by construction
Unlock
Starter modeDefault
Full modeAutomatic at $100,000 of mirrored volume
Why size determines tracking quality
Every market has a minimum order size and a lot increment. When a sleeve's proportional target falls below the increment, the order rounds — up, down, or to nothing. A sleeve that repeatedly rounds is not mirroring a strategy, it is sampling it.
This is why a small account copying ten leaders tracks worse than the same account copying one. The rounding error is a fixed cost per market, and it grows in relative terms as the sleeve shrinks.
Below the lot increment, a proportional target becomes zero or an overweight.
High-priced contracts round more coarsely in notional terms.
Rounding error is proportionally largest on the smallest sleeve.
What Starter mode actually asks of you
In Starter mode a single leader receives the account's allocated capital, so there is no division problem. The full risk controls still apply — the leader is isolated, leverage is capped, and a notional ceiling limits exposure — but the arithmetic is as favourable as it gets.
The trade-off is honest and structural: one leader is one regime bet. You get better tracking and worse diversification.
What Full mode asks of you
Full mode unlocks automatically at $100,000 of mirrored volume and mirrors up to 10 leaders with one Hyperliquid sub-account per mirrored leader. Each sub-account holds its own margin, which is the point — isolation prevents netting and contains liquidation — and also the cost, because margin is no longer shared.
Two consequences follow. Capital must be enough for each sleeve to size cleanly in the markets its leader trades, and fragmented margin means an unused sleeve's collateral is not available to support another.
Fixed costs against a small base
Trading costs do not scale down. Exchange fees, spread, slippage and 0.1% of mirrored notional volume on mirrored volume are all proportional to traded notional, but their impact against a small equity base is what matters — and a high-turnover leader can generate volume out of proportion to the sleeve backing it.
Funding is the same story: it accrues on notional held, not on account size.
How to decide, practically
Work backwards from the sleeve, not the account. Ask whether the capital allocated to each leader can express a typical position in the markets that leader actually trades. If not, reduce the number of sleeves rather than accepting systematic rounding.
And size the account with the drawdown in mind rather than the target. Perpetual futures are leveraged instruments; the correct amount is the amount whose loss would not change your decisions.
Past performance is not indicative of future results. Perpetual futures are leveraged instruments and carry a substantial risk of loss, including the loss of your entire position.
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
Frequently asked
Is there a minimum amount required to use HyperMirror?
The binding limits are Hyperliquid's own minimum order sizes and lot increments, not a threshold we set. The practical question is whether each sleeve can express a typical position in its leader's markets.
Should I use Full mode as soon as it unlocks?
Only if each sleeve remains large enough to size cleanly. Fewer leaders sized properly tracks better than ten leaders rounding on every order.
Does adding capital improve tracking?
It reduces rounding error relative to position size, which improves tracking. It does not reduce latency, slippage or funding differences.
