# Copy Trading

### Overview <a href="#dc0996a9-ae82-48e6-8d2f-240f6fa7a379" id="dc0996a9-ae82-48e6-8d2f-240f6fa7a379"></a>

Copy trading lets you automatically mirror the perpetual trades of another trader. Each copy trade creates an isolated sub-wallet with independent margin, so your main trading balance is never at risk.

### Two Copy Modes <a href="#f652dd7a-dd2e-4206-98f2-1f773abbb243" id="f652dd7a-dd2e-4206-98f2-1f773abbb243"></a>

#### 1. By Wallet Address <a href="#id-977d5b75-79d3-44b6-8a23-cd0e9d1cbd11" id="id-977d5b75-79d3-44b6-8a23-cd0e9d1cbd11"></a>

Copy any Hyperliquid wallet address directly. No opt-in is required from the trader you are copying. Profit share is always 0% in this mode. Best for copying public whale or KOL wallets.

#### 2. By Username <a href="#da5fa91c-31d7-4b32-a7b7-faf80631d0ec" id="da5fa91c-31d7-4b32-a7b7-faf80631d0ec"></a>

Copy a Click user who has opted in to copy trading via their settings. The leader sets a profit share rate between 0% and 20% (default 10%). Best for following verified Click traders who actively share their strategies.

| Feature           | By Wallet Address       | By Username                        |
| ----------------- | ----------------------- | ---------------------------------- |
| Opt-in required   | No                      | Yes                                |
| Profit share      | 0%                      | 0-20% (set by leader, default 10%) |
| Leader visibility | Anonymous (wallet only) | Click username                     |

How It Works

1. **Create a copy trade sub-wallet** — This is required before setting up any copy trade. It is a one-time step.
2. **Fund your sub-wallet** — Transfer USDC from your primary wallet to the copy trade sub-wallet using the Deposit button on the copy trade screen.
3. **Create a copy trade** — Set a label, target trader (username or 0x address), margin amount, leverage (1-100x, default 5x), and margin mode (Isolated or Cross).
4. **Trades are mirrored automatically** — When the leader opens or closes a position, your sub-wallet mirrors it proportionally.

### What Gets Copied <a href="#ef3d6a6d-12ca-4891-9a94-b10e0d0dca7c" id="ef3d6a6d-12ca-4891-9a94-b10e0d0dca7c"></a>

* Position opens (direction, asset, leverage up to your configured cap)
* Position closes (full and partial)
* SL/TP adjustments

### Copy Trade Settings <a href="#id-91672318-e159-4a31-9a31-8e8470385701" id="id-91672318-e159-4a31-9a31-8e8470385701"></a>

| Setting             | Description                                                 | Default |
| ------------------- | ----------------------------------------------------------- | ------- |
| Label               | Name tag for this copy trade (1-10 alphanumeric characters) | —       |
| Target Trader       | Username or EVM wallet address (0x...)                      | —       |
| Margin              | Fixed USD per trade or percentage of leader's size          | —       |
| Leverage            | 1x to 100x                                                  | 5x      |
| Margin Mode         | Isolated or Cross                                           | —       |
| Min Size (Advanced) | Minimum USD per copied trade                                | —       |
| Max Size (Advanced) | Maximum USD per copied trade                                | —       |

> ⚠️ **Leverage warning:** Higher leverage increases both potential gains and potential losses. A 100x leveraged position can be liquidated by a price move of less than 1%. Start with lower leverage (2-5x) until you are comfortable with the risk.

### Limits <a href="#id-906ba9e2-ad9a-4058-ade1-6d1d52d44ee2" id="id-906ba9e2-ad9a-4058-ade1-6d1d52d44ee2"></a>

* Maximum 5 active copy trades per user
* You cannot copy trade your own wallet address

### Profit Share <a href="#f95b46bf-c55a-42a0-ab81-15eb1094d0c2" id="f95b46bf-c55a-42a0-ab81-15eb1094d0c2"></a>

Leaders who opt in by username set their own profit share rate between 0% and 20% in `/settings` > Profit Share Rate.

* Profit share is calculated on **realized gains only**
* **No high-water mark:** Profit share is charged each time a copied trade is closed at a profit. Previous losses are not netted against future gains.
* **Minimum payout threshold: $5.** If accumulated profit share is less than $5, it is held until the threshold is met.
* **$1 transfer fee (Hyperliquid):** Deducted from the leader's payout. The copier does not pay this fee.
* Leaders can change their rate at any time. The new rate applies to future trades only.

| Detail         | Description                                                |
| -------------- | ---------------------------------------------------------- |
| Rate range     | 0-20% (set by leader)                                      |
| Charged on     | Realized gains only                                        |
| Loss handling  | No high-water mark — profit share on each profitable close |
| Minimum payout | $5 (held until threshold met)                              |
| Transfer fee   | $1 per payout (deducted from leader's payout)              |

#### Profit Share Example <a href="#id-4d7023f7-335b-4352-9051-35ddd1382f37" id="id-4d7023f7-335b-4352-9051-35ddd1382f37"></a>

A copier realizes $100 profit on a copied trade. The leader's profit share rate is 10%.

|                          | Amount |
| ------------------------ | ------ |
| Realized profit          | $100   |
| Profit share (10%)       | $10    |
| Hyperliquid transfer fee | -$1    |
| **Leader receives**      | **$9** |

### Copy Trade Sub-Wallet Transfers <a href="#fe7f24e1-9b68-4a31-8ba5-dcf0fcb17169" id="fe7f24e1-9b68-4a31-8ba5-dcf0fcb17169"></a>

* **Deposit to sub-wallet:** Move USDC from your primary wallet to the copy trade sub-wallet.
* **Withdraw to primary:** Move USDC from the copy trade sub-wallet back to your primary wallet.
* Internal transfers are instant with no additional fees.

### Managing Copy Trades <a href="#id-3f977066-a2fb-4cc2-a95d-e3c5919bd8f4" id="id-3f977066-a2fb-4cc2-a95d-e3c5919bd8f4"></a>

* **Pause/Resume:** Temporarily stop copying without deleting the configuration.
* **Delete:** Remove a copy trade permanently. Deleting a copy trade does **not** automatically close any open positions in the sub-wallet. You must manually close them using `/close`.
* **View:** See copy trade sub-wallet balance, address, and active copy trades from the copy trade menu.

> ⚠️ **Important:** When you delete a copy trade, any open positions remain active in the sub-wallet. Use `/close` to close them manually. Unmanaged positions will continue to gain or lose value.

### Becoming a Copy Leader <a href="#id-1d64acec-500c-4471-97ba-d91b6d37e471" id="id-1d64acec-500c-4471-97ba-d91b6d37e471"></a>

1. Go to `/settings`
2. Set a **Trading Username** (public display name)
3. Enable **Allow Copy Trading**
4. Set your **Profit Share Rate** (0-20%, default 10%)
5. Share your username with followers — they can copy you by entering your username when creating a copy trade