Hyperverve

What Hyperverve is

Hyperverve is Verve's trading terminal for Hyperliquid, the on-chain exchange for perpetual futures ("perps") and spot trading. It is powered by Hyperliquid: the markets, prices, order books and fills are Hyperliquid's own, and your orders are placed on Hyperliquid from your own Verve wallet.

You trade with hUSDC: the USDC held in your own Hyperliquid account. Hyperverve is its own page in the top bar, next to Trackers and Rewards.

Hyperverve does not include Hyperliquid's prediction markets, staking or vaults.

Markets

Hyperverve lists every Hyperliquid perp market, including the HIP-3 markets that independent builders deploy, and every Hyperliquid spot pair.

A HIP-3 market is deployed and run by a builder, not by Hyperliquid or Verve, and each one has its own settings. Read a market's page before you trade it. Search finds any market by name or symbol, and delisted markets are marked.

hUSDC

hUSDC is the USDC in your Hyperliquid account. Verve switches your account to Hyperliquid's unified account mode, so one hUSDC balance is the collateral for every perp market and for spot. There are no transfers between a spot account and a perps account.

Your account is your existing Verve EVM wallet address: the same address works on HyperEVM and on Hyperliquid. The header shows your hUSDC beside your native balance on the Hyperverve page and on Portfolio, and Portfolio has a Hyperverve tab with your perp and spot positions.

Getting started

1. Fund your HyperEVM wallet
   Send USDC on HyperEVM to your Verve wallet address, plus a small amount of HYPE for network fees. See Buy crypto.
2. Deposit into Hyperverve
   Choose Deposit on the Hyperverve page. Your USDC moves from HyperEVM into your Hyperliquid account and becomes hUSDC. The first deposit also activates the account on Hyperliquid.
3. Enable trading, once
   Choose Enable trading. This is a one-time step for each wallet and asks for no password.
4. Place an order
   Pick a market, choose long or short, set a size and a leverage, and place a market or a limit order.

Hyperliquid has a minimum order size of $10 of notional value.

Enabling trading

Enabling trading does two things from your own wallet: it switches your account to unified mode, and it approves a trading key that Verve holds for you. Verve places and cancels your orders with that key so you do not sign every order.

• The trading key can trade and manage orders. It can never withdraw and never send funds.
• A new key is made each time you enable trading, and an old key is replaced, never reused.
• Your wallet keys stay yours: wallets are non-custodial and exportable. See Non-custodial wallets.

Hyperverve never asks for a password to trade, deposit or withdraw. Exporting a private key is the only action that asks you to prove it is you. See Export your keys.

Order types

• Take profit and stop loss can be attached to a position when you open it.
• Reduce-only makes an order able to shrink a position and never grow or flip it.
• Slippage on market orders is your own setting, with no cap set by Verve. Hyperliquid also limits how far from the market price an order may be priced, and a price outside that range is not accepted.

Leverage and margin

Leverage multiplies your exposure. With 5x leverage a position worth $500 needs $100 of margin. Each market has its own maximum leverage, which the order panel shows.

Some markets only allow isolated margin. Higher leverage means a smaller price move can close your position. Read Leverage and liquidation.

Funding

Perps have no expiry date. To keep their price close to the price of the asset, long and short traders pay each other a funding rate, every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. Funding you pay or receive is shown on each position. Read Funding rates explained.

Liquidation

If your margin falls too far below what a position needs, Hyperliquid closes some or all of it. This is liquidation. Each position shows its liquidation price. Leverage, margin mode, funding and price moves all change it, so check it after you change any of them.

Withdrawing

Withdraw moves hUSDC from your Hyperliquid account to the same address on HyperEVM, where it is USDC again. Withdrawals go only to your own address. The trading key cannot withdraw. You need a small amount of HYPE on HyperEVM for network fees.

Fees

Verve takes 0% on Hyperverve. There is no Verve fee on a perp or spot order, on a deposit or on a withdrawal. Hyperliquid's own exchange fee applies to your orders, and network fees apply to HyperEVM transactions.

Hyperliquid's fee depends on your own trading volume and on the market, so your rate can differ from the base rates above. Because Verve takes no fee here, Hyperverve orders are not part of cashback or referral rewards. See Fees for every other Verve fee.

Copilot and Hyperverve

Copilot can prepare Hyperverve orders. Hyperverve is its own access level in the Copilot settings, separate from every chain, so full access on HyperEVM gives Copilot nothing here. At approval level an order is a card you confirm. At full access Copilot places orders itself, inside the per-trade size (in USDC) and the daily number of orders you set. Copilot never deposits or withdraws.

Risks

• Leveraged trading can lose more than a spot trade. You can lose all the margin on a position.
• Prices can move fast and a market order can fill far from the price you saw.
• HIP-3 markets are run by independent builders and can be thinner or settle differently from the asset they track.
• Hyperverve is a way to place orders on Hyperliquid. Hyperliquid's own rules, outages and settlement decide how an order and a position behave.

Nothing on this page is financial advice. Only trade with money you can afford to lose.