The live desk
Hyperliquid made a perpetual out of anything with a price feed. These objects never had one, so the appraisal desk signs the mark and the program checks that signature before it will take your order. Collateral sits in the program, the pool takes the other side, and it settles in USDC on Solana mainnet.
Objects
| Object | Mark | Appraised | Max | Maintenance | Funding / 8h | |
|---|---|---|---|---|---|---|
Reading the chain… | ||||||
Your positions
| Object | Side | Notional | Margin | Entry | Mark | PnL |
|---|
Collateral
USDC you move in here is held by the program, not by us. It comes back out with withdraw, minus whatever you lost trading.
Order
The pool
The pool is the counterparty to every trade here. It keeps the fees and whatever traders lose, and pays what they win.