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Trade on mainnet alpha

What do I need to trade on Hyperliquid?

  1. 1.
    An EVM wallet
    • If you don’t already have an EVM wallet (e.g., MetaMask, WalletConnect, Coinbase Wallet), you can set one up easily at https://metamask.io/.
    • After downloading MetaMask for your browser, create a new wallet.
    • Your wallet has a secret recovery phrase – anyone with access to your password or seed phrase can access your funds. Do not share your private key with anyone. Best practice is to record your seed phrase and store it in a safe physical location.
  2. 2.
    USDC.e and ETH on Arbitrum – see How to bridge USDC.e onto Hyperliquid​

How do I onboard to Hyperliquid?

  1. 1.
    Once you have an EVM wallet and USDC.e and ETH on Arbitrum, go to https://app.hyperliquid.xyz/trade​
  2. 2.
    Switch to the Arbitrum network
  3. 3.
    Click the “Connect Wallet” button and choose which wallet type to connect. A pop-up will appear in your EVM wallet extension asking you to connect to Hyperliquid. Press “Connect”
  4. 4.
    Go to the Referrals page at https://app.hyperliquid.xyz/referrals. Hyperliquid is currently in closed mainnet alpha, which means you need to enter a referral code to gain access
  5. 5.
    Click the “Enable Trading” button. A modal will appear with 2 steps:
    1. 1.
      Establish a connection on the Hyperliquid L1 – this transaction costs no gas. Sign the transaction in your EVM wallet
    2. 2.
      Deposit USDC.e onto Hyperliquid. Enter the amount of USDC.e you want to deposit and click “Deposit.” This transaction costs gas in ETH. Confirm the transaction in your EVM wallet
  6. 6.
    You’re now ready to trade

How do I place a trade on Hyperliquid?

With perpetual contracts, you use USDC as collateral to long or short the token instead of buying the token itself, like in spot trading
  1. 1.
    Using the token selector, choose a token that you want to open a position in.
  2. 2.
    Decide if you want to long or short that token. If you expect the token price to go up, you want to long. If you expect the token price to go down, you want to short
  3. 3.
    Use the slider or type in the size of your position. Position size = your leverage amount x your USDC collateral
  4. 4.
    Lastly, click Place Order. Click Confirm in the modal that appears. You can check the “Don’t show this again” box so you don’t have to confirm each order in the future

How do I bridge USDC.e onto Hyperliquid?

  1. 1.
    First you need to get ETH and USDC.e onto the Arbitrum network, since Hyperliquid’s native bridge is between the Hyperliquid L1 and Arbitrum. ETH will only be used as gas for transactions to approve, deposit, and withdraw USDC.e. Trading on Hyperliquid during closed alpha costs no gas.
    1. 1.
      You can use the Arbitrum bridge at https://bridge.arbitrum.io/.
    2. 2.
      You can also bridge via Squid: https://app.squidrouter.com/.
    3. 3.
      Alternatively, you can move funds directly to Arbitrum from a centralized exchange, if you’re already using one.
    NOTE: Native USDC on Arbitrum is NOT USDC.e. If you have native USDC, you can swap it for USDC.e on Uniswap: https://app.uniswap.org/#/tokens/arbitrum/0xff970a61a04b1ca14834a43f5de4533ebddb5cc8​
  2. 2.
    Once you have ETH and USDC.e on Arbitrum, you can deposit from Arbitrum to the Hyperliquid L1 as part of the “Enable Trading” process or by clicking the “Deposit” button in the bottom right of https://app.hyperliquid.xyz/trade​

How do I withdraw USDC.e from Hyperliquid?

  1. 1.
    On https://app.hyperliquid.xyz/trade, click the “Withdraw” button in the bottom right
  2. 2.
    Enter the amount of USDC.e you would like to withdraw and click “Withdraw from L1.” This transaction does not cost gas.
  3. 3.
    Press “Claim” to withdraw your USDC.e from the bridge. This transaction costs gas in ETH. Confirm the transaction in your EVM wallet.
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Last modified 1mo ago