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The Hypernova terminal is a full-featured trading environment where every order executes against real market conditions. Live order books, live funding, live mark prices - every fill is verifiable.

Custom terminal with full charting, order book depth, and real-time risk overlay.

Order Types

All trigger-based orders use the last traded price. The trigger fires only when the last price crosses your level - touching it is not enough.

Leverage & Margin

Hypernova uses cross margin with per-symbol leverage caps. You set leverage per symbol; the platform applies the lower of your setting and the symbol’s cap.

Per-Symbol Leverage

The exact per-symbol cap is shown next to the leverage selector and listed in Markets. Leverage you set above a symbol’s cap is automatically clamped to the cap.

How Margin Works

A higher leverage setting reduces the initial margin a position consumes - the same notional uses less margin at 5x than at 2x. Position size caps still apply regardless of leverage.

Position Modes

You can change position mode only when you have no open positions on the account.

Margin Reservation

Resting limit orders reserve margin at creation so the capital can’t be double-spent on another order. Reduce-only orders (TP/SL, manual reduce-only limits) skip reservation since they only close existing positions. Cancelling a limit order releases the reservation immediately.

Market Data

Live data flows from Hyperliquid into every component of the terminal - order books, mark prices, and funding all update in real time.

Live Order Book

Full depth, real-time. Drives VWAP fills and limit-order marketability checks.

Mark Price

Triggers stop / TP / SL orders, drives unrealized PnL, and powers the daily-drawdown anchor.

Funding Rates

Hourly funding charged on open positions at each UTC hour boundary, sourced from Hyperliquid.

TradingView Charts

Full TradingView integration - indicators, drawing tools, multi-timeframe, full-screen.

Market Coverage

120+ perpetual futures across crypto, US equities, commodities, pre-IPO, and major indices - all sourced from Hyperliquid. New markets are added regularly.
Major and long-tail crypto perpetuals - BTC, ETH, SOL, HYPE, and many more. See the full list in Markets.

Browse all markets with real-time prices, open interest, and volume.

Account asset class determines which symbols you can trade on a given account. Crypto accounts trade crypto; TradFi accounts trade equity / commodity / index perpetuals; All-class accounts trade everything. Pick the class when you start an evaluation.

Position Size Limits

Each symbol has a max notional position size - the cap on size × price for any single position. Caps scale with liquidity: The exact cap per symbol is shown on the order panel and listed in Markets.

Modify, Cancel, Close

Breach Price

Open positions display a breach price on the chart and in the positions tab - the price level at which your account equity would touch the daily drawdown or max drawdown limit and trigger a breach.
The breach price is indicative. It’s calculated from your current equity and does not account for the fees paid when closing the position. If you’re placing a stop-loss near the breach price, leave a small buffer so exit fees don’t push you over the limit.

Fees

Taker rates differ by asset class; the maker rate is 0.00% on every market.
Fee = quantity × fill price × fee rate. Funding is separate from trading fees and applies hourly to open positions only.
See Trading Fees for the full schedule.

PnL Share Cards

Generate a visual card of any closed trade or evaluation result - your stats, payout details, and a verifiable on-chain QR code, ready to share.