How to trade Hyperliquid with on-chain signals
SignalHub (signalhub.trade) is an on-chain and macro signal terminal for Hyperliquid mainnet. It shows live signals, a wallet leaderboard, open positions and a deposit flow, and you place your own orders on Hyperliquid. It does not guarantee profit.
Which on-chain data is useful to watch?
Each metric describes only one part of the market and should be considered alongside price, position size, and context.
- Funding shows which side is more crowded; extreme funding can increase carrying costs and squeeze risk.
- Open-interest changes show growth or contraction in outstanding contracts and do not reveal direction by themselves.
- Liquidation distance estimates how far price would have to move to reach a position's liquidation level; an alert is not a completed liquidation.
- Whale positions show public position changes from tracked addresses, not knowledge of future prices.
How can I choose wallets worth watching?
Prefer records spanning many complete open-to-flat trading rounds over a single large win.
The whale pool uses Hyperliquid leaderboard addresses with account value above $100K, positive monthly PnL, and all-time PnL above $1M. It currently contains 579 addresses, including 217 that meet the gross-position threshold of $1M; the hot set is scanned about once per minute, while other addresses follow a cold cycle of about 10 minutes. Market makers are excluded when maker share reaches 95%, or when it reaches 80% with at least 300 fills per day.
Wallets with high maker share or exceptionally frequent fills are excluded to reduce the chance of reading market-making activity as a directional view.
Fake consensus asks whether one wallet dominates the apparent crowd; many addresses do not necessarily represent independent views.
How should I use signals without copy-trading?
Use a signal as a filter for further research; you remain responsible for every decision and order.
Review the trigger, signal timestamp, current market context, and related positions before deciding whether to act.
SignalHub does not custody your private key or automatically copy whale trades; your wallet signs each order and sends it to Hyperliquid.
Never share a private key, seed phrase, or wallet authorization with someone promising to follow signals for you.
How should I think about sizing, stops, and leverage?
Set a tolerable loss first, work backward to a position size, and define exit conditions before entry.
- Position size and stops should reflect volatility and your risk budget; a stop does not guarantee an execution price.
- Leverage magnifies losses, and price moves can consume all margin or trigger liquidation.
- Consider the drawdown from consecutive losses instead of increasing size solely because a short-term hit rate looks higher.
How do research approaches differ in data and execution?
They differ in data aggregation, custody, and who is responsible for execution.
| Approach | Data source | Custody | Cost | Update frequency | Who places orders |
|---|---|---|---|---|---|
| SignalHub | Hyperliquid public API, Polymarket, RSS | Your wallet | Free to read; official trading fees plus a 0.025% Builder Fee (new users: no builder fee for 180 days from first trade) | Wallets ≥$1M about every minute; others every 10 minutes | You |
| Manual Hyperliquid data | Hyperliquid data | You keep custody | Free | Real-time; you check manually | You |
| Copy-trading bots | Varies by provider | May require an API/agent key or deposited funds | Often subscription or profit share | Automatic | The bot |
Actual permissions, costs, and custody models for automated tools vary by provider.
What are the data, fee, and risk boundaries?
Prices, volume, open interest, funding, and position figures are computed from the Hyperliquid public API. Polymarket data comes from public markets tagged Fed rates, macro indicators, economic policy, CPI, tariffs, jobs report, geopolitics, economy, finance and must meet the configured volume and liquidity minimums. Macro news comes from RSS feeds including Federal Reserve, ECB, BLS, BEA, Bloomberg, CNBC, MarketWatch, Investing.com, OilPrice.com, and FXStreet.
Grok AI only selects, translates, and summarizes macro news and writes short cause-and-effect impact reasons; it does not produce numbers.
Reading signals is free with no subscription. Orders placed through SignalHub incur Hyperliquid's official trading fees. The 0.025% Builder Fee is waived for new users for 180 days from their first trade; it applies afterward and to existing users.
Each $10 of filled volume earns 1 point, subject to a daily trading cap of 5,000; referrals earn 10% of invitees' trading points, capped at 1,000 per inviter per day. Points are not a token and no airdrop is promised.
Signals are research information, not investment advice; historical results do not predict future performance.