Glossary
TWAP order
An order split into suborders released at intervals, to reduce the market impact of size. On Hyperliquid it needs at least $100 of notional and runs from five minutes to seven days.
Checked against the Hyperliquid documentation 8 Sept 2026 · how we check
Related terms
- Slippage The difference between the price you expected and the price you got. It comes from order book depth, not from fees, and on thin markets it dwarfs the fee.
- Scale order A ladder of limit orders placed across a price range, used to average into a zone rather than guess a single price.