Markets & Trading Rules | HyperFlow Docs

HyperFlow Perps launches with the three deepest Hyperliquid markets. Listings expand as the platform scales.

Listed markets

Market	Max leverage	Price tick	Size step
BTC/USDC	20x	$1	0.00001 BTC
ETH/USDC	20x	$0.1	0.0001 ETH
HYPE/USDC	5x	$0.001	0.01 HYPE

All markets are quoted and margined in USDC. The mark price (used for triggers and liquidations) and the oracle price (the external index) come directly from Hyperliquid.

Trading rules

These limits apply per order and per market, and are shown in the app under Trading Rules on each market:

Rule	Value
Minimum order value	$10 (waived for reduce-only orders)
Maximum order value	$2,000 per order during alpha
Maximum open orders	20 per market
Margin mode	Isolated

The per-order maximum is an alpha-stage safety cap and will be raised as the platform scales. Current values in the app always take precedence over this page.

Margin requirements

Initial margin is determined by your chosen leverage: opening a position requires order value ÷ leverage as collateral.
Maintenance margin is a fixed percentage of position value per market. When a position’s equity falls to its maintenance margin, it is liquidated — see Liquidations & Insurance Fund.

Market	Max leverage	Maintenance margin rate
BTC/USDC	20x	1.5%
ETH/USDC	20x	2.4%
HYPE/USDC	5x	6%

Maintenance rates derive from Hyperliquid’s reference initial-margin rates for each asset (BTC 2.5%, ETH 4%, HYPE 10%); maintenance = 60% of that reference.

The estimated liquidation price for any order is displayed in the trade panel before you confirm.

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