Manual Trading

Not every trade needs a strategy. When you have a view and want to act on it by hand, the Trade page is a manual perpetuals terminal that sits on top of the same Hyperliquid account your strategies trade, so a position you open here and a position your strategy opens are the same position. It has an order-entry form, an order book, a market-info bar, a chart, and a row of account tabs along the bottom.

Placing an order

The order-entry form carries a three-way order-type toggle: Market, Limit, and TWAP.

• Market. Fills right away at the best available price. The form shows a slippage control that caps how far the fill can move against you, plus optional take-profit and stop-loss fields you can attach to the entry.
• Limit. Rests at a price you set and fills only when the market comes to it. You get a price input and the same optional take-profit and stop-loss fields.
• TWAP. Works a larger order into the market in slices over a set duration instead of all at once, so a single big order does not move the price against itself.

Above the order type, the form header carries a margin-mode selector and a leverage control. Set both before you send, because leverage decides how much margin the order consumes and how close your liquidation price sits.

The order book

The order book shows resting bids and asks for the selected market. Columns run Price, Size, and Total, left to right, with a spread row between the bids and the asks that reports the absolute spread and the spread as a percent.

Three controls shape the view:

• A view toggle to show both sides, only bids, or only asks.
• A grouping control to widen or tighten the price increment each row covers.
• A denomination control to read Size and Total in the base asset or the quote asset.

The market-info bar

A strip above the chart reports the market’s live vitals: Mark Price, Index Price, 24h Change, 24h Volume, Open Interest, and the Funding Rate with a countdown to the next funding. These are the numbers that decide what a market order costs you and which way funding is leaning before you commit.

The account tabs

A row of tabs along the bottom reports the state of your account. The tabs are draggable, so you can reorder them, and reset the order when you want the default back.

• Balances. Your account balance and margin.
• Positions. Every open position, with a count of how many are open.
• Orders. Your active resting orders, with a count.
• TWAP. Any active TWAP orders still working, with a count.
• Order History. Orders you have placed.
• Trade History. Fills that have printed.
• Funding. Funding payments you have paid or received.
• Strategies. Your active strategies, with a count, sitting right alongside your manual positions and orders.

One account, shared with your strategies

The Trade page and the strategy dashboard read from the same Hyperliquid account, so your capital isn’t walled off per strategy. Manual trades and deployed strategies draw on one balance, one position set, and one order book.

A position you open by hand shows up in the same Positions tab a strategy would use, and a position a strategy opened shows up in yours. Because Hyperliquid holds one net position per asset, a manual trade and a strategy trading the same asset move the same position. Buy a market by hand while a strategy is short it, and you are shrinking that strategy’s exposure rather than opening a separate position.

Synchronicity tracks which part of that one account position each strategy owns, so shared exposure stays attributed correctly. See Strategy Positions for how that works and how manual trades can close a strategy’s position.

Next steps