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