Trading With Hyperliquid
Trading Infrastructure & Hyperliquid
Cod3x executes all perpetual trades directly on Hyperliquid. Every long or short your agent opens, every limit order, every liquidation— all of it ultimately routes through Hyperliquid’s high-performance matching engine.
Why it matters Understanding Hyperliquid’s orderbook mechanics helps you anticipate fills, liquidity behavior, funding, and execution quality. The Cod3x terminal simplifies trading, but the underlying rules remain Hyperliquid’s.
Make sure to select Hyperliquid as your preferred exchange in the tools section in order to trade on Hyperliquid.
What You Should Know
Even though Cod3x abstracts the complexity of interacting with an orderbook, your trades inherit Hyperliquid’s:
Orderbook Mechanics – Orders interact with real bids/asks; liquidity depth determines fills.
Funding Payments – Longs and shorts pay or receive funding based on market imbalance.
Maker/Taker Fees – Taker orders consume liquidity; maker orders provide it and can earn rebates.
Liquidation Rules – Positions are liquidated when margins fall below Hyperliquid’s thresholds.
Execution Behavior – Fill quality depends on volatility, liquidity, and order type.
Oracle & Mark Price – Hyperliquid uses its own oracle and index system to determine PnL, funding, and liquidation points.
Learn the Hyperliquid Details
For a deep dive into fee schedules, orderbook mechanics, and all other protocol rules, start here:
This is the authoritative reference on:
Maker/taker fees and funding rate calculations
Margin requirements, mark price, and risk parameters
Orderbook behavior and matching engine
Liquidation logic and guardrails
Market specifications and contract details
Bottom line
Cod3x gives you a streamlined AI trading experience, but your trades still follow Hyperliquid’s rules. Reading the Hyperliquid docs ensures you know exactly how costs, risks, and execution work behind the scenes.
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