Perp Trading

Perp trading runs on Hyperliquid. The room's creator opens and closes positions, keyholders watch live, and PnL flows back into the Trading Fund.

Opening a position

Tap Trade in the chat bar to open the trade drawer. You can also type /trade <plain-English description> (e.g. /trade long 0.01 BTC 5x or /trade close ETH); the order gets parsed and a confirmation card pops up before anything is submitted.

The drawer asks for:

• Asset. Any perp pair on Hyperliquid (BTC, ETH, SOL, and many more).
• Direction. Long or short.
• Order type. Market fills at the current price. Limit waits for your target price.
• Size. In USD or contracts.
• Leverage. Slider, capped at the asset's max (varies per pair).
• Take profit / stop loss. Optional. Set them at open, or add them later from the TP/SL drawer.
• Slippage. Defaults to 8%. Tighten on liquid pairs, loosen on volatile ones.

The minimum opening order is $10 of margin (Hyperliquid's floor).

Confirming posts the fill as a trade card in the room timeline.

Managing positions

Every open position shows in the Trading Fund dashboard with:

• Live PnL marked to the current price.
• Entry, mark, and liquidation prices.
• A quick-close button that flattens at market.

All open positions are visible to every keyholder. There's no hidden book.

Liquidations post a message to the room so nothing happens quietly.

Charts in chat

/chart BTC 1H embeds an interactive TradingView chart for any Hyperliquid pair. Standard timeframes work: 5m, 15m, 1H, 4H, 1D.

Limits

Trading is restricted to Hyperliquid's curated perp list. The room wallet can't move margin to an external address.

For how PnL flows back to keyholders, see Trading Room and Staking and Voting.