How Hyperliquid copy trading works, step by step

Set up a copy

1. Review a trader. Browse traders, inspect their current positions and trading history, and read the trader selection methodology. A strong past return does not tell you what your allocation will earn.
2. Log in and choose a copy account. The setup uses a dedicated account for the strategy. An eligible idle account can be reused, or a new one created. Check the destination account: the balance used to copy is separate from the Master account shown as the funding source.
3. Set your amount and check position coverage. The preview estimates how many current positions fit your amount and risk setting. If positions are still loading, wait for the check. In the default starting mode, setup can block an amount that cannot cover even one current position. An account with funds is not necessarily large enough to reproduce this trader's book.
4. Review Advanced settings. Choose the risk multiplier, execution mode and starting mode. The current form defaults to a 1x multiplier and includes current positions. Raising the multiplier increases target exposure. Optional Strategy TP and Strategy SL apply to the strategy's profit or loss, rather than a chosen price for each coin. Execution mode and Forward-only lock once copying starts.
5. Complete the account prompts. Follow the funding and trading-authorization steps shown for your account. New and reused accounts can need different steps. Where an agent approval is requested, check the copy wallet and permission before signing. A builder-fee approval sets a maximum permitted fee; it is not a statement of the fee charged on every trade.
6. Check the final review, then check the result. Confirm the amount, funding source, destination account, starting exposure and TP/SL settings before starting. Funding, an active strategy and a filled order are different states. Inspect your account's positions and order status after setup; do not infer a fill from the Start confirmation.

Current positions or Forward-only?

Current positions, plus later changes: this is the default. The engine targets an eligible, scaled copy of the trader's existing positions. You enter at prices available to your orders, not the trader's historical entry prices. Some positions may be too small or otherwise unavailable to copy.

Forward-only: the engine records existing positions as a baseline when it initializes. It can copy new positions and increases above that baseline. It does not behave exactly like full position sync: same-direction partial reductions can be skipped, while full closes and direction changes are handled separately. Your copied exposure can therefore remain different when the trader trims a position.

Compare Forward-only and full position sync before choosing. Neither mode recreates the trader's earlier returns.

How much capital fits the trader?

Sizing starts from the capital allocated to the strategy, the trader's account equity and your risk multiplier. The engine can retain a sizing anchor between recalculations, then apply exposure limits, quantity rounding and order checks. It does not simply promise an identical portfolio at every account size.

For an initial sizing illustration, a $1,000 position in a $10,000 trader account would scale to about $20 with a $200 allocation at 1x. This omits safety caps, rounding, fees and price changes; it is not a recommended budget or a fill forecast.

Hyperliquid documents a $10 minimum order value for ordinary perpetual orders. That is an order constraint, not a universal minimum deposit for copy trading. A smaller position can scale below the threshold even when the largest position fits. Hyperliquid order errors.

Small opening orders can be skipped, and orders near the minimum may be adjusted. A skipped order is not guaranteed to fill later. Full closes are treated differently from new openings; do not assume a small position cannot be closed. Read what happens below the copy-trading order minimum.

Permissions and costs

An approved Hyperliquid agent signs trading actions for the account. AlphaYou's copy signer rejects withdrawal and fund-transfer actions outside its trading allowlist. Trading permission can still cause losses through orders, leverage and fees. It is not protection for your deposit. Hyperliquid API wallets.

Builder-fee approval and actual fees are separate. Hyperliquid allows a user-approved maximum, with the builder fee attached to individual orders and charged on fills. Read the permission shown before approving it. Hyperliquid builder codes.

Check AlphaYou trading fees and the fee shown during setup. Hyperliquid's exchange fees are additional and depend on the account and market. This article does not quote a single all-in rate. Hyperliquid fees.

What Stop copying does

Use Manage → Stop copying to request an unwind. The engine sets the strategy's new allocation to zero and attempts to close positions with reduce-only market orders. “Unwinding” is a process, not confirmation that the account is already flat. Check positions and order status until the exit is confirmed; liquidity, exchange errors or service interruptions can prevent immediate completion.

Stopping does not withdraw the remaining funds. They stay in the copy account until you move them separately. Closing the browser is not a stop instruction. Revoking an agent is also separate: it removes that key's trading permission but does not itself close positions or cancel every existing order.

Strategy TP/SL can also trigger an unwind. A threshold is not a guaranteed exit price or a promise to limit the final loss to that percentage. Read how strategy take-profit and stop-loss work.

Why your result can differ

You place your own orders after the trader's positions change. Detection time, market movement, slippage, partial fills, fees, available margin and order-size rules can change the result. Compare your own net return over the period you actually copied, not the trader's all-time PnL or annualised return. See why copy-trading returns differ.

Leveraged copying can lose the full amount allocated. Past performance does not guarantee future results. This is product information, not personalized investment advice.

Review a trader before starting

Check current exposure, whether your amount fits, the starting mode and the permissions. Then review your own positions after setup.

Browse traders and review their positions

For our publishing and correction process, see the editorial policy.