Hyperliquid Copy Trading Onchain
- Coinspark
- Mar 28
- 5 min read
Hyperliquid is a decentralized perpetual (leveraged) exchange, with its token ranked around 30 on CoinMarketCap (not a newcomer).
This platform facilitates perpetual futures trading directly on its native L1 blockchain, standing out by eliminating gas fees for transactions.
This approach not only lowers cost barriers for participants but also significantly enhances transaction speed and efficiency.
Hyperliquid’s architecture features a fully on-chain order book, a rarity among decentralized exchanges (DEXs), which typically rely on off-chain order books to manage trades. This on-chain approach ensures greater transparency and security, as all transactions are verifiable on the blockchain.
DextraBot is a platform designed to accelerate the adoption of perpetual DEXs on Hyperliquid, providing users with advanced tools to discover, analyze, and automatically copy the top-performing on-chain traders.
Se usi il link hai uno sconto sulle fee!
Key Features of DextraBot:
Discover High-Performing Wallets: The "Discover Wallets" feature allows users to identify, analyze, and track the most profitable wallets on Hyperliquid, helping them make informed decisions and optimize their trading strategies.
In-Depth Wallet Insights: The "Wallet Details" page provides a detailed view of a selected trader's performance, open positions, and trading behavior, assisting users in deciding whether to replicate their trades.
Automated Copy Trading: DextraBot enables users to automatically replicate the trades of top-performing traders. Users can customize trade sizes, risk parameters, and execution speed to match their own strategies.
Real-Time Monitoring: The "Feed Activities" feature delivers live updates on the trading actions of selected wallets, keeping traders informed about new positions, strategy changes, and market movements.
Telegram Integration: Users can receive instant notifications on trading activities directly via Telegram, eliminating the need for manual monitoring and ensuring they never miss a market opportunity.
Favorite Wallet Management: The "Favorite Wallets" feature allows users to save and track preferred wallets for quick access, making it easier to monitor performance, risk exposure, and profits without searching repeatedly.
How Is This Different from Traditional Copy Trading?
Unlike traditional copy trading, where you must trust the claims of so-called financial gurus, here you can verify every trader's performance directly on the blockchain. This ensures that results cannot be manipulated or altered in any way. If a trader is successful, you'll see it instantly; if they’re not, you’ll know right away.
LET’S GET STARTED
First, register for the trading bot using a Metamask wallet on the Arbitrum network.
If you use the link, you get a discount on fees!
If You Don’t Have MetaMask
To operate on this platform, you’ll need a MetaMask wallet configured on the Arbitrum network.
Download MetaMask from the official website (metamask.io), follow the instructions to create your wallet, and securely save your seed phrase.
Once installed, select the Arbitrum network in MetaMask’s settings.
Wallet Setup for Copy Trading
In the platform’s software, navigate to Copy Trading > Wallet Management and generate a new wallet.
Copy the private key of the newly created wallet and import it into MetaMask to manage it directly from there.
Alternatively, save the private key securely, as it will be required for future access.
Funding Your Wallet
To start copying traders, you need to fund your imported wallet with USDC on the Arbitrum network.
If you use Binance, you can transfer USDC directly to your wallet.
Alternatively, you can purchase USDC directly on MetaMask using a credit card, PayPal, or Revolut.
Remember to add a small amount of ETH on Arbitrum to cover transaction fees—$10 worth of ETH is sufficient.
Selecting Traders to Copy
Now that your wallet is set up, it's time for the most important step: choosing the best investors to copy.
Access the "Discover Wallet" Dashboard
Here, you’ll find a list of investors with their detailed performance metrics.
Use filters to identify traders who generate high profits, focusing on:
✅ At least $50,000 profit in the last 30 days (PnL)
✅ Win rate of at least 60% in the last 30 days
✅ Return on Equity (ROE) of at least 80% (indicating an 80% profit in one month)
✅ Exclude traders using excessive leverage by setting "margin %" to a maximum of 50 (to avoid traders using leverage above 50x).
Once you’ve found the right traders, you’re ready to start copying their trades automatically! 🚀
Avoid Scalping Bots
Some wallets execute thousands of trades per month, which indicates they might be high-frequency trading bots. Copying these bots is often ineffective due to execution delays, and you would need a very large capital to keep up.
💡 Recommendation: Copy wallets with fewer than 300 trades per month (about 10 per day). Even fewer trades are fine—quality over quantity!
Take your time to analyze traders carefully:
✅ Check how long they’ve been trading
✅ Observe their trading frequency
✅ Review the number of orders they place
Setting Up Copy Trading
Once you've selected a high-performing trader:
1️⃣ Select a profitable wallet and click Copy.
2️⃣ Choose your wallet from the "Select Your Wallet" menu.
3️⃣ Set the margin percentage for each trade.
4️⃣ If your account balance is between $100 and $1,000, set a trade size of $10–$20 max per trade.
5️⃣ If your balance is higher, allocate 2-3% of your total capital per trade.
6️⃣ Enable "Copy Increase as Open Position" to automatically replicate any position increases made by the trader.
Now you’re ready to copy trades efficiently and maximize your results! 🚀
4o
This Is an Example Strategy Based on My Tests & Analysis
Feel free to adjust parameters based on your experience.
Setting Stop Loss & Money Management
✅ A good stop loss is crucial for risk management. Set a maximum loss of 150% of the margin per trade.
✅ Do not set take profit limits—this gives the traders you’re copying full flexibility.
✅ Copy multiple wallets to diversify risk, but be aware that this increases the number of trades and may drain your available funds faster.
Monitoring & Optimization
🔹 Regularly check the performance of copied traders—many traders switch wallets after profitable periods to avoid being copied!
🔹 If you add funds to your wallet, update your copy trading settings to adjust margin usage.
🔹 If a trader is no longer performing well, replace them with a new one.
CONSIGLI FINALI:
Utilizza il bot con parsimonia, non rischiare più di quello che non sei disposto a perdere! Testa il bot, con una piccola cifra.
Questi non sono consigli finanziari, ma il tutorial di uno strumento per copiari operazioni di trading, è comunque un rischio!
Altre informazioni: https://docs.dextrabot.com/
Final Tips:
⚠️ Use the bot wisely—never risk more than you’re willing to lose! Start with a small amount.
⚠️ This is not financial advice—this is just a tutorial on how to use a copy trading tool. Trading always involves risk!
📖 More info: DextraBot Docs
By following these steps, you can copy the most profitable investors and generate automated earnings.
🚀 The advantage of blockchain is that all data is transparent & verifiable, allowing you to choose traders based on real performance—no blind trust needed!
💰 Want to start? Follow the link in the description to access the platform with an exclusive discount on fees!
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