Order Types

The Perps Bot supports two order types for entering positions.

Market Orders (default)

Execute immediately at the current market price.

  • Default when using /long or /short

  • Slippage: hardcoded 0.5% (50 bps) to ensure fill

  • Fee: Hyperliquid taker fee applies

Limit Orders

Place an order at a specific price. The order waits until the market reaches your price.

How to place a limit order:

  1. Start a trade with /long or /short

  2. Select the Limit tab

  3. Set your target entry price — the price at which you want the order to fill

  4. Set leverage (1-100x, default 5x) and margin amount

  5. Confirm — order is placed on Hyperliquid as GTC

Key details:

  • Expiration: GTC (Good-Til-Cancelled) — stays active until filled or manually cancelled

  • Slippage: None — executes at exactly your specified price

  • Fee: Hyperliquid maker fee applies (lower than taker fee for market orders)

  • No maximum active orders limit

Managing open orders:

  • View pending orders via `/orders`

  • Cancel individual orders

  • Orders remain active indefinitely until filled or cancelled

Comparison: Spot vs Perps Limit Orders

Aspect

Spot

Perps

Slippage

Uses user Buy/Sell Slippage settings (default 20%)

None (exact price)

Expiration

GTC

GTC

Fee

1% Click swap fee

Hyperliquid maker/taker fee

Partial fills

Supported but not surfaced in Telegram

Supported by Hyperliquid

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