Order Types
HyperSwap Terminal supports the core Hyperliquid perp order types, so you can choose between instant execution, price-controlled execution, automated exits, or execution over time.
HyperSwap Terminal supports the core Hyperliquid perp order types, so you can choose between instant execution, price-controlled execution, automated exits, or execution over time.
Market
Executes immediately at the best available price.
Limit
Executes at your selected price or better. If the market never reaches your price, it won’t fill.
Take Profit / Stop Loss (TP/SL)
TP/SL orders are designed to automatically close a position when a condition is met:
- Take Profit (TP): closes when your target profit price is reached
- Stop Loss (SL): closes when your risk limit price is reached
Key behavior on Hyperswap:
- TP/SL triggers are based on the mark price.
- You can choose market or limit behavior for TP/SL (market TP/SL uses a default slippage tolerance; limit lets you control slippage via the limit price).
TWAP (Time-Weighted Average Price)
A TWAP splits a large order into smaller sub-orders executed over time to reduce market impact.
On Hyperswap:
- Sub-orders are sent every 30 seconds
- Each sub-order has a max slippage constraint (3%)
- If some slices don’t fill, later slices may try to “catch up” within size limits
Batch Orders (multi-order submission)
Batching lets you place multiple orders in one action, useful for strategies like:
- entering + placing exits together,
- updating multiple levels,
- or submitting several orders at once.
Order Book & Depth
An order book is a live list of buy orders (bids) and sell orders (asks) at different price levels. It works like a CEX “central limit order book”, except on Hyperswap it’s fully on-chain and match…
Leverage & Margin (Cross vs Isolated)
Leverage lets you control a larger position with less collateral. On Hyperswap, the initial margin required to open a position is: