Blog
Practical guides on Hyperliquid, perps risk management, position sizing, agent wallets, and building governed trading systems.
Hyperliquid answers where to execute. A governed cockpit answers the question that actually blows up accounts: how much risk is allowed right now. How Hyperhelm gates every trade before you sign it.
A complete risk system for Hyperliquid perps: the five numbers that define every trade, cross vs isolated margin, liquidation math, funding drag, exit brackets, portfolio rules — and how to enforce all of it.
Size from your stop, not your leverage. The position-size formula for Hyperliquid perps, worked examples with real margin numbers, the six mistakes that break accounts, and how to automate the arithmetic.
What the approveAgent signature actually grants — trade yes, withdraw no — the honest threat model of a leaked agent key, how limits and expiry work, and how to revoke one.
How builder codes actually work — the protocol's 0.1% perps / 1% spot caps, what your approval grants and what it can't, how to revoke it, and why per-fill fees beat every alternative funding model.
The margin math in plain numbers, how far your liquidation price really is at each leverage, why mark price decides it, what the HLP backstop costs you — and the buffers that actually work.
How TP/SL orders actually behave on Hyperliquid — mark-price triggers, the 10% market-order slippage tolerance, position vs bracket mode — and the failure modes that cost real money.