How to Trade HIP-3 Markets on Hyperliquid: Step-by-Step

Trading HIP-3 markets on Hyperliquid is the same as trading mainnet markets. Here’s a quick walkthrough.

Step 1: Connect Your Wallet

Go to app.hyperliquid.xyz and connect your wallet. No KYC required. MetaMask, Rabby, and other EVM wallets work.

Step 2: Fund Your Account

Deposit USDC or other supported assets. Hyperliquid uses a unified margin model—your collateral backs all positions. Bridge from Ethereum or another supported chain.

Step 3: Find HIP-3 Markets

HIP-3 markets appear in the same market list as mainnet perps. Look for markets deployed by third-party builders—they’re labeled in the UI. You can filter or search for specific assets.

Step 4: Open a Position

Select a market, choose your leverage (up to 50x on many HIP-3 markets), and place an order. Market, limit, and trigger orders all work the same way.

Step 5: Manage Risk

Use stop-losses and take-profits. Monitor funding rates—they can be higher or lower on HIP-3 markets depending on demand. Always size positions appropriately.

Pro Tip: Save on Fees

If you want the current referral flow, use our discount page before trading. Eligible users can activate a 4% fee discount on their first $25M in volume.

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That’s it. HIP-3 doesn’t change the trading experience—it just expands the universe of markets you can access.

If you want more context, read what HIP-3 is and how Hyperliquid fees work.