Questions and answers
Short answers. The longer ones are in the guides.
In private testing: the trading engine is not live yet. The console you can open today shows sample data and nothing is traded. These pages describe how Helmsman is built to work.
- Does Helmsman hold my funds?
- No. Your funds stay in your own Hyperliquid account. Helmsman places orders with a trading key that cannot withdraw or transfer.
- What does it cost?
- 0.03% of what Helmsman trades for you — $3.00 per $10,000 — collected by Hyperliquid on each fill. Hyperliquid’s own trading fee is separate. There is no subscription.
- Do I need to deposit anything with Helmsman?
- No. You fund your Hyperliquid account the usual way, with USDC. Helmsman has no deposit address.
- How much do I need?
- Hyperliquid’s minimum order is $10, and your position is the trader’s scaled down to your allocation. With a small allocation, some of the trader’s positions will be too small to mirror.
- Can I trade by hand in the same account?
- Yes. Positions you open yourself are left alone. Hyperliquid keeps one net position per market, so avoid trading a market by hand while a follow is active in it.
- Can I follow more than one trader?
- Yes, with one condition: only one follow can lead a given market at a time, because your account has a single net position there.
- What happens after 180 days?
- The trading key expires and must be approved again. If it lapses, following stops; your positions stay where they are.
- What happens if I revoke the key on Hyperliquid?
- Helmsman’s next order is rejected. It marks the follow as ended and stops, without retrying.
- Will I get the same result as the trader?
- No. You trade later, at different prices, with your own leverage cap and fees. Expect your result to differ.
- Is it live?
- It is in private testing. The console you can open today shows sample data and places no orders.