In testing. The trading engine is not live; the console shows sample data and places no orders. Product features described here are planned.
Questions and answers
Custody, costs and the practical limits of following a trader.
On this page
- Does Helmsman hold my funds?
- No. Funds stay in your Hyperliquid account. The trading key cannot withdraw or transfer them.
- What does it cost?
- 0.03% of each fill, or $3.00 per $10,000, collected by Hyperliquid. The approval ceiling is 0.05% ($5.00 per $10,000). Exchange fees are separate; there is no subscription.
- Do I deposit with Helmsman?
- No. Fund your own Hyperliquid account with USDC. Helmsman has no deposit address.
- What happens if my allocation is small?
- Some scaled positions may fall below Hyperliquid’s $10 minimum order. That is an order threshold, not a suggested deposit. Helmsman’s minimum allocation for launch has not been set.
- Can I trade by hand in the same account?
- Yes, in markets you are not following. A manual order in a followed market changes the same net position; copying and risk checks may adjust it again. Keep manual trading to other markets.
- Can I follow more than one trader?
- Yes. If ETH is already managed by one follow, another skips ETH. Hyperliquid has one net position per market. If ownership conflicts, that market is left unchanged until resolved.
- What happens when the trading key expires?
- Approval lasts up to 180 days. After expiry, positions remain open and Helmsman cannot manage orders or positions with that key. Check them directly on Hyperliquid; renew with a new approval.
- What if I revoke the key on Hyperliquid?
- Helmsman loses permission to act. Check open orders and positions directly on Hyperliquid; do not rely on Helmsman to cancel or close them after revocation.
- Will my result match the trader’s?
- No. Timing, fill prices, leverage caps and fees differ.
- Is it live?
- The trading engine is not live. The console shows sample data and places no orders.