Hyperliquid provides a TradFi-like trading experience for on-chain users, featuring low fees, advanced order types, and spot/perpetual contracts. This guide simplifies the process of trading perpetual futures on Hyperliquid, from onboarding to executing trades.
Key Takeaways
- Trade perpetual futures with low fees and advanced order types.
- Practice risk-free on Hyperliquid’s testnet using mock USDC.
- Navigate operational risks tied to Hyperliquid’s private validator setup.
- Self-funded model and lucrative airdrop enhance platform appeal.
Step-by-Step Guide to Trading Perpetual Futures
1. Set Up Your Wallet or Email Login
Option A: EVM Wallet (e.g., MetaMask)
- Download and secure a MetaMask wallet.
- Connect it to Hyperliquid and accept the Terms of Use.
Option B: Email Login
- Enter your email to receive a 6-digit verification code.
- Log in directly without a wallet.
2. Acquire ETH and USDC on Arbitrum
- Purchase ETH/USDC from exchanges like Binance or Kraken.
- Bridge assets to Arbitrum using the Arbitrum Bridge or Squid Router.
3. Deposit Funds and Start Trading
- Bridge assets from Arbitrum to Hyperliquid (gas-free trading).
- Deposit USDC as margin.
- Select a perpetual contract, set leverage, and place orders (market/limit).
Trading on Hyperliquid’s Testnet
- Acquire Arbitrum Sepolia ETH via faucets (e.g., Alchemy).
- Claim 100 mock USDC on Hyperliquid’s testnet.
- Enable trading and practice with zero risk.
Pro Tip: Testnet trading mirrors mainnet functionality—ideal for beginners.
What Is Hyperliquid?
- A Layer-1 blockchain optimized for spot/perpetual trading.
- Founded by Harvard alumni Jeff Yan and Illiensic.
- Gained popularity for its self-funded model and fair token distribution.
Risks and Considerations
- Centralization Risks: Validators (run by Hyperliquid Labs) could theoretically censor trades.
- Complex Onboarding: Requires bridging assets and managing wallets.
- Operational Security: Always safeguard private keys and use strong passwords.
FAQ
How do I start trading on Hyperliquid?
Acquire ETH/USDC, bridge to Hyperliquid, deposit funds, and place trades.
Is Hyperliquid decentralized?
No—its validator set is small and controlled by the team, posing centralization risks.
Can I trade without gas fees?
Yes! Hyperliquid offers gas-free trading after initial deposits.
👉 Explore advanced trading strategies
Disclaimer: Trading perpetual futures involves high risk. Never invest more than you can afford to lose.
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