Glossary
Limit order
An order to trade at a specified price or better. It rests on the book until filled or cancelled, which is what earns the maker fee.
Checked against the Hyperliquid documentation 8 Sept 2026 · how we check
Related terms
- Market order An order to trade immediately at whatever price the book offers. Certain to fill, uncertain in price, and always charged the taker fee.
- Post-only order An order flag, shown as ALO, that rejects the order if it would execute immediately. It guarantees you pay the maker fee rather than the taker fee.