Both sides
A long and a short on one market. The first side to reach its stop is cut, and the other rides on a trailing stop. You do not need a view on direction. You need the market to move.
Your coin's creator fees press long and short together on . The loser is cut, the winner runs, and its profit buys your coin back.
The line on the left is the real market. Whatever it does next, one copy of it is your long and the mirror image is your short. Hold the chart and move the price yourself, or watch the last rounds Hyperliquid actually played.
Real Hyperliquid hourly prices and funding, 208 days to 31 October 2026. Every setup got the same steady creator fees, 5x leverage, taker fees and slippage. The figure is what one dollar of fees turned into, counting profit taken out and what was left in the account.
Nobody had to call the direction. A long on its own was worth $0.65 in the first half of the test and $1.12 in the second. A short on its own went from $0.93 to $0.72. Both sides stayed at $1.06 and $1.04.
A market with no trend loses. With the hours shuffled so that no trend survives, a dollar of fees came back as 76 to 90 cents. Tight stops lose too: 3% stops played 182 rounds and returned $0.82. The test covers 208 days, and past prices promise nothing.
Every number below is computed in your browser from Hyperliquid's public candles for the last 208 days, with funding left out.
A long and a short on one market. The first side to reach its stop is cut, and the other rides on a trailing stop. You do not need a view on direction. You need the market to move.
A single long or short on any market, with fees adding margin as they arrive. It is the simplest setup, and the one that lives or dies by the direction you picked.
A long on one market and a short on another, on one shared margin, so the winning leg holds up the losing one. Use it when you have a view on the pair, such as HYPE against BTC.
Every coin trades from its own public Hyperliquid accounts, so anyone can check each position and each transfer.
Drag the handle. You set this split when you launch.
The cut side's loss comes off first. What remains is split like this.
Until the first stop, yes. They cancel out, and you pay trading fees for it. The result starts when one side is cut, because the other is then a live position that is already past its entry price.
Yes. Every cut is a realised loss, and a market that chops back and forth can cut several rounds in a row. New fees refill the margin, but nothing guarantees a profit.
Only through the buyback. The positions and your coin's price move independently, so a coin can fall while its round is in profit, and the other way around.
A Hyperliquid account holds one direction per market. Both sides of one market need two accounts, and the addresses are shown with the coin.
Each coin has its own Solana wallet and its own Hyperliquid accounts. Splity's server keeps their keys sealed and runs the positions, and every address is public.
Yes. The wallet that launched the coin can change the market, leverage, stop and trail with one signature. A change applies from the next round.