Risk warning

Leverage

With 10x leverage, a 10% move against you wipes out your margin. In practice the position is liquidated before that, as soon as your margin falls below the maintenance level.

Funding

Perps charge or pay funding every hour. Holding a position on the crowded side for weeks can cost more than the trading fees.

Self-custody

Hyperliquid has no customer support that can reverse a transaction or recover a lost seed phrase. If someone gets your keys or tricks you into signing a request, the funds are gone.

Platform risk

Hyperliquid runs on its own blockchain and bridge. Software bugs, validator failures or market manipulation can cause losses beyond your own trades. Read is Hyperliquid safe for past incidents.

Where you live

Hyperliquid's app is not available in some countries, including the United States. Check where it's available and your local rules before you trade.