Hedging
Hedging opens a second position to offset the risk of a first one, which matters when you want to keep a spot holding through a rough period without selling it. Shorting a perpetual against that spot position is the most direct version of this on Hyperliquid. These guides cover how to size a hedge so it actually offsets the risk you're worried about and how pairs trading extends the same idea to two correlated assets. Start with how shorting works before you build a hedge from it, since a hedge is just a short aimed at protection instead of profit, and sizing it wrong offsets less risk than you think.
Guides
GuideThe Complete Guide to Crypto Hedging
Understand what hedging is, why it works, and how to apply it in crypto. From the insurance mindset and delta-neutral math to correlation-based strategies and common mistakes — everything you need to hedge with confidence.
GuideHedging With Perpetual Futures: Protect Your Portfolio
Learn how to use perpetual futures to hedge spot holdings, lock in profits, and reduce portfolio risk. Practical hedging strategies for on-chain traders on Hyperliquid.
GuideHow to Short Crypto: A Practical Guide to Short Selling (2026)
Learn how to short crypto in practice, from what short selling means to opening your first short position. This guide explains how perps let you profit from falling prices without owning the asset.
GuideHow to Do Pairs Trades on Dexly
Pairs trading — going long one asset and short a related one — lets you profit from a relative move while cancelling out broad market direction. Learn how to size, execute, and manage a spread trade on Dexly.
GuideCross Margin vs Isolated Margin: Which Should You Use? (2026)
A plain-English breakdown of cross margin vs isolated margin for perpetual futures. Learn how each mode distributes risk, their trade-offs, and how to choose the right one per position.
Related topics
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