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Dexly - Hyperliquid Copy Trading Platform

Copy trade the best Hyperliquid traders automatically. Follow top performing wallets and mirror their perpetual trading positions in real-time. Non-custodial copy trading with no platform fees.

Popular Perpetual Markets

Trade BTC-PERP, ETH-PERP, SOL-PERP, and HYPE perpetuals on Hyperliquid with up to 50x leverage. Real-time orderbook, professional charting, and advanced order types.

Why Copy Trade on Dexly

  • Non-custodial - You keep control of your funds
  • Real-time position mirroring
  • Verified trader performance and ROI
  • Risk management with drawdown protection
  • No platform fees for copy trading
LearnHyperliquid Vaults

Hyperliquid Vaults

Learn how to put your USDC to work using native vaults. Discover copy trading, market-making vaults, and how to become a vault leader.

Dexly Research
By Dexly Research
Markets research & editorial team at Dexly
Last updated: 2025-12-26|8 min read
Hyperliquid Vaults

Key takeaways

  • Hyperliquid vaults are a native L1 primitive that pool USDC to run a trading strategy automatically, without you running a bot or signing every trade.
  • Depositors mirror the vault leader's trades in proportion to their share of the pool, and gains and losses are distributed by that same percentage.
  • Vault leaders typically charge a performance fee of around 10-20% of profits, and the protocol charges no entry or exit fees.
  • Vaults are transparent and non-custodial but not risk-free: deposits have a lock-up period (usually 24 hours) and your capital falls if the leader loses money.

What are Vaults?

Vaults are a native primitive of the Hyperliquid L1 that allow users to pool capital and execute specific trading strategies. They enable automated trading without needing to run your own bot or sign every transaction.

Decentralized Management
Unlike traditional hedge funds, vaults are transparent and non-custodial. You can see every trade the vault makes in real-time.

Copy Trading Mechanics

Copy trading allows you to deposit USDC into a vault managed by a professional trader. Your capital will automatically mirror the trades of the vault leader in proportion to your share of the vault.

  • Performance Based: Leaders only earn when you earn.
  • Proportional Growth: Gains and losses are distributed based on your percentage of the total pool.
Ready to trade?

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Market Making & HLP

Some vaults, like the native HLP vault, focus on market-making. They provide liquidity to the orderbook and earn from the spread and trading fees.

Market Neutrality
Market-making vaults aim for steady growth but can experience "impermanent loss" or drawdowns during extreme one-way market trends.

Becoming a Vault Leader

Anyone can start their own vault on Hyperliquid. If you have a winning strategy, you can allow others to deposit and earn a performance fee on the profits you generate for them.

Ready to trade?

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Related topics

  • Copy trading
  • Hyperliquid
  • Vaults

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Risk Warning: Trading perpetual futures involves significant risk of loss. Only trade with capital you can afford to lose. Dexly is a non-custodial interface; you are responsible for your own funds and trading decisions.

Frequently Asked Questions

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Contents

1. What are Vaults?2. Copy Trading Mechanics3. Market Making & HLP4. Becoming a Vault Leader5. Frequently Asked Questions