Hyperliquid Academy Independent · Unofficial
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About

About this site

An independent site about a fast-moving exchange, built around one rule: no number gets typed into a page by hand.

What this is

Hyperliquid Academy explains how to use the Hyperliquid exchange, from a first deposit to the mechanics of liquidation and funding. There are 106 guides, a page for each of the 178 live perpetual markets, three calculators, a glossary and an answer-first FAQ.

Independent · Unofficial · Not affiliated with Hyperliquid, Hyper Foundation or Hyperliquid Labs.

Who writes this

William “Thoth” Bradley. Trading since 2013, across crypto and the US, Asian and European stock markets, and building the bots that trade them.

For scale on that date: in 2013 Coinbase was about a year old, Binance would not launch for another four years, and none of the perpetual exchanges this site compares had been built.

The stock market half is why this site is built the way it is. Equity and futures markets settled their conventions for disclosing margin, order types and costs a long time ago. Crypto guides mostly copy each other instead, which is how a leverage figure from a retired schedule survives for years and ends up in the first paragraph of the article you are reading.

There is no editorial team. One person writes and maintains these pages, and one person is answerable when a number is wrong. If you find one, say so: it gets corrected and recorded in the changelog with a date.

The rule the site is built around

Most guides about a moving target go stale silently. An article says the maximum leverage is fifty times, the exchange changes it, and the article keeps saying fifty for years while continuing to rank.

So this site does not let a page hold a number. Fee tiers, staking discounts, margin tiers, funding constants and every market figure live in one data layer, generated from the published Hyperliquid documentation and the exchange's public API. A build fails if a guide tries to hardcode a rate. Every page carries the date its figures were checked, and the footer carries the timestamp of the last data read.

Fee schedule verified 8 Sept 2026. Market data read 26 Oct 2026, 04:38 UTC.

How it is funded

Through the Hyperliquid referral programme. If you open an account through our link you get 4% off your trading fees for your first $25M of volume, and we receive 10% of the fees you pay after that discount, for your first $1B of volume.

There are no advertisements, no sponsored placements and no paid reviews. The referral programme is the only revenue, which is why the referral page states the volume cap and the vault exclusion rather than calling the discount permanent.

What we will not publish

  • Ways to bypass regional restrictions. Hyperliquid's Terms of Use exclude residents of the United States and Ontario, Canada, and prohibit masking your location.
  • A wallet connection, or any form asking for a key or recovery phrase. A guide has no reason to.
  • Price predictions, signals, or anything that reads as advice about what to trade.
  • Claims about returns without a date and a source attached.

Corrections

If a figure here disagrees with the Hyperliquid documentation, the documentation is right. Tell us and we will fix it and record the change in the changelog. Our editorial policy describes how pages are checked.

Contact

Get in touch for corrections, questions or partnership enquiries. William “Thoth” Bradley publishes the site's data layer and calculators on GitHub.