Hyperliquid is its own ecosystem, and trading perps well takes more than learning the buttons. These guides break down the mechanics, the risk controls, and the order types that separate beginners from traders who actually keep their gains. Read in order if you are new, or jump to the topic you need right now.
New to Hyperliquid entirely? Start with What is Hyperliquid? and How to Bridge to Hyperliquid first.
What is Hyperliquid HLP?
HLP is the protocol’s market-making and liquidation vault — the closest thing to “being the house” on Hyperliquid. Most days it earns small profits from market making and funding flow; on rough days it can lose meaningfully. A clear primer on what you’re actually buying when you deposit.
Hyperliquid Funding Rates Explained
The hourly funding payment that quietly compounds on every leveraged position. How to read it, when it helps you, and how to use it as a signal rather than just a cost.
Cross vs Isolated Margin on Hyperliquid
The single biggest setting that decides whether one bad trade ends your account or just costs you one position. A clear framework for when each mode is the right call.
Hyperliquid TWAP and Scale Orders Explained
How to move real size without slipping the order book or telegraphing every entry. TWAP versus scale orders, when to use which, and a worked example of both.
Hyperliquid Vaults Beyond HLP
HLP is not the only vault on Hyperliquid. What community vaults are, the red flags to watch for, and how to size a deposit without depositing too much.
Liquidations 101: How They Work and How to Avoid Them
What a liquidation actually is, why leverage decides how soon it happens, and the habits that keep one bad day from becoming a bad month.
Risk Management for Perps Beginners
Position sizing from the stop, capping loss per trade, account-level drawdown rules. The boring discipline that actually lets compounding happen.
How to Short Crypto on Hyperliquid (Step by Step)
The mechanics of opening a short on a perp DEX, the squeezes that punish careless leverage, and how to use shorts as hedges instead of just directional bets.
What is Hyperliquid?
The starting point. What Hyperliquid actually is, how an on-chain orderbook L1 differs from every other DEX, and why traders are migrating off centralized perps venues.
How to Bridge to Hyperliquid
Moving USDC from Ethereum, Arbitrum, or Solana into your Hyperliquid account. The fees, the wait times, and the small gotchas that catch first-time bridgers.
Looking for the rest? See the full guide index, or explore the HyperEVM and AI for Crypto sections.