hype_skill

Overview

This skill assists with Hyperliquid perpetuals trading, deposits, withdrawals, and Layer 1 features. It explains account mechanics, order execution, vaults/staking, risk controls, and common troubleshooting so traders and liquidity providers can act confidently.

How this skill works

The skill inspects platform rules and user actions: deposit/withdrawal paths on Arbitrum, single-margin account behavior, and available order types for perpetual futures. It highlights on-chain order book execution, funding and liquidation mechanics, vault/staking options, and API/automation capabilities to help build or operate trading strategies.

When to use it

• Preparing to deposit or withdraw USDC to/from Hyperliquid via Arbitrum.
• Designing margin and leverage settings before opening perpetual positions.
• Automating trading with the REST or WebSocket API and Python SDK.
• Assessing vault (HLP) yields or staking HYPE tokens for governance/rewards.
• Troubleshooting common errors like insufficient margin or API rate limits.

Best practices

• Always bridge native USDC to Arbitrum; do not use USDC.e or unsupported bridged variants.
• Use stop-loss and reduce-only orders to limit downside and prevent accidental position increases.
• Avoid max leverage; calculate liquidation price before entering positions.
• Monitor funding rates and open interest to manage carry costs and slippage risk.
• Use testnet and API rate-limit handling when developing automation.

Example use cases

• Bridge USDC into Arbitrum, deposit native USDC into your single margin account, and open a 5–10x perpetual position with pre-set stop-loss.
• Run a market-making strategy by depositing USDC into the HLP vault to earn fees, while tracking vault performance during high volatility.
• Automate scalping with the WebSocket API and Python SDK, implementing rate-limit backoff and real-time liquidation checks.
• Stake HYPE tokens to participate in governance and receive a portion of trading-fee revenue.
• Respond to a margin shortfall by reducing positions or depositing additional USDC to avoid partial/full liquidation and ADL risk.