Perpetual Futures Trading

Perpetual futures (perps) are leveraged derivatives contracts that let you profit from price movements without owning the underlying token. Auto executes perp trades on Hyperliquid by specifying a direction (long or short), asset, size, and optional leverage.

How to Open a Perp Position

Simple Long or Short

Auto opens a market order on Hyperliquid when you specify a direction and asset. Leverage defaults to a safe level unless you specify otherwise.

"Long BTC"

"Short HYPE"

"Long ETH with $200"

How to Set Leverage on a Hyperliquid Perp

Auto supports up to 10x leverage (Hyperliquid's maximum is 50x, but Auto enforces a 10x safety cap). Specify leverage directly in your command.

"Long BTC 5x leverage"

"Short SOL 3x with $100"

How Does Position Sizing Work on Hyperliquid?

Auto interprets position size from your command in four ways:

Command Format	What Auto Does
"Long BTC with $500"	Uses $500 as margin; position size = margin × leverage
"Long 0.02 BTC"	Opens a position for exactly 0.02 BTC
"$50 into BTC with 3x"	Uses $50 margin to open a $150 notional position (3× leverage)
"Use all my balance for a 3x BTC long"	Allocates full available margin at 3× leverage

What Does Auto Show After Opening a Position?

Auto confirms every perp trade with a full summary:

• Market — the traded asset

• Side — long or short

• Size — in both tokens and USD notional

• Leverage — applied multiplier

• Entry price — the fill price

• Liquidation price — the price at which the position gets liquidated

• Suggested stop-loss and take-profit — Auto always recommends risk management levels

How to Close a Perp Position on Hyperliquid

Auto closes positions by asset name or closes all positions at once. Realized PnL displays immediately after closing.

"Close my BTC position"

"Close my ETH long"

"Close all my positions"

How to Check Open Perp Positions

Auto displays entry price, current price, unrealized PnL, leverage, and distance to liquidation for each position.

"Show my Hyperliquid positions"

"How is my BTC long doing?"

"What's my PnL on all positions?"

How Does Leverage Work on Hyperliquid Perps?

Leverage multiplies both your exposure and your risk. The table below shows outcomes for $100 margin at different leverage levels:

Leverage	Margin	Position Size	Price Moves 10% in Your Favor	Price Moves 10% Against You
1x	$100	$100	+$10 profit	−$10 loss
3x	$100	$300	+$30 profit	−$30 loss
5x	$100	$500	+$50 profit	−$50 loss
10x	$100	$1,000	+$100 profit	−$100 loss

Higher leverage amplifies gains and losses equally. Auto recommends 2–3x for most traders and always suggests setting stop-losses.

What Is the Difference Between Cross Margin and Isolated Margin?

Cross margin and isolated margin are two collateral modes that determine how liquidation risk spreads across your positions.

Mode	How It Works	When It Applies
Cross margin	All positions share a single collateral pool — profits offset losses across positions	Default for most crypto perp markets
Isolated margin	Each position has its own dedicated collateral — liquidation of one position does not affect others	Required for Builder DEX assets (stocks, commodities)

Hyperliquid Perp Trading Best Practices

• Auto always recommends a stop-loss after opening a perp position. Set one every time.

• Start with lower leverage (2–3x) until you understand how margin and liquidation interact.

• The minimum trade size on Hyperliquid is $10 notional value.

• Check funding rates before opening a position — you may be paying or earning funding every hour.