Short answer
On CopyHype you can trade Hyperliquid perps two ways. Copy a whale: tap Copy and their next trades happen for you at your amount, and when they exit, you exit. Trade solo: pick a coin, up or down, and your multiplier. Both start at $5 a trade, use the same fees (0.1% of the position each way plus Hyperliquid's fee) and the same rule: your amount is the most a trade can lose. Practice first with $1,000 of practice money.
Most people meet perps through someone else's trades: a screenshot, a leaderboard, a friend who got lucky. Copying is the easy start. Sooner or later, many want to make their own call. CopyHype does both from the same app in Telegram, on Hyperliquid, with the same practice money and the same wallet. This guide explains each mode, runs the same $1,000 example through both, and says honestly where each one goes wrong.
What is the difference between copying and trading solo?
Copying means a top trader decides and you follow automatically. Trading solo means you decide every trade yourself. Everything else is the same: the coins, the fees, the wallet and the risk rules.
| Item | Copy a whale | Trade solo |
|---|---|---|
| Who picks the coin and the direction | The whale | You |
| Who picks the multiplier | The whale, raised only to meet Hyperliquid's minimum and never above x50 | You, up to the coin's maximum |
| When the trade closes | When the whale exits, or at your Stop loss or Take profit | When you cash out, or at your Stop loss or Take profit |
| Minimum | $5 a trade | $5 a trade, with a $10 position or more |
| Fees | 0.1% of the position each way, plus Hyperliquid's fee | The same |
| Most you can lose | Your amount | Your amount |
How does copying a whale work?
Pick a whale, tap Copy and choose your amount per trade. Their next trades open for you with the same coin, the same direction and their multiplier. When they exit, you exit. When they take part of a trade off, you take the same part off.
Whales are the top Hyperliquid traders by profit over 24 hours, 7 days and 30 days, straight from Hyperliquid's leaderboard, among those who traded in the last 24 hours. Accounts that churn huge volume and traders too fast to copy are left out. A copy never chases: if the price already moved more than 2% in the whale's direction since they got in, CopyHype skips that trade. At $5 a trade, the multiplier is raised to at least x3 so the position meets Hyperliquid's $10 minimum. The full walkthrough is in how to copy trade on Hyperliquid.
How does trading solo work?
Pick a coin, choose up or down, set your amount and your multiplier, then tap. The trade stays open until you cash out or one of your protections closes it.
You can trade BTC, ETH, SOL and 100+ other coins listed on Hyperliquid. Up means you win when the price rises; down means you win when it falls. The multiplier makes the move bigger in both directions, up to the coin's maximum. Hyperliquid's minimum is $10 of position, so at $5 pick x5 or more: x2 sits right on the line and can be refused. New to these words? Start with perps for beginners.
What does $1,000 look like in each mode?
The math is identical: $1,000 at x5 is a $5,000 position, and a 5% move is +$250 (+25%) before fees. Only the person who chose the trade changes.
| $1,000 at x5 on BTC | Copying a whale | Trading solo |
|---|---|---|
| Who opened it | The whale went up, so you went up | You chose up |
| BTC +5% | +$250 (+25%) | +$250 (+25%) |
| Who decides the exit | The whale, or your protections | You, or your protections |
Fees on top: CopyHype takes 0.1% of the position each way, so $5 to open and about $5 to close here, and Hyperliquid adds its own fee, about $4.50. After all fees, the 5% move is about +$235 (+23.5%), before funding. Copying does not cost more than trading solo, and trading solo does not cost more than copying.
What protects a trade in both modes?
Stop loss, Take profit and cashing out yourself at any time. Each trade also stands alone, so a bad one never touches the rest of your money.
- Stop loss closes a trade by itself at -30% or -50% of your amount, so a bad trade costs part of it instead of all of it.
- Take profit takes your win by itself at +25%, +50% or +100%.
- Cash out anytime with one tap, in profit or not.
- Isolated margin means each trade risks only its own amount.
Copying adds guards of its own: a whale whose copies keep losing drops off the list, a whale too fast to copy shows "Too fast" and cannot be copied, and a copy skips a trade when the price already ran.
What is Let it ride, and does it work in both modes?
Yes, it works in both. When a perps trade is winning, Let it ride uses part of that win to open a second trade, without selling the first and without new cash.
Take $1,000 at x5 again. BTC rises 5% and you are up +$250 (+25%). Let it ride can put up to about $190 of that win into a second trade, say ETH at x5. If ETH then rises 4%, that is about +$38 more, a total of about +$288 (+29%) on your $1,000 before fees. The catch is real: the first trade keeps less cushion, so it closes sooner if BTC turns back, and if the second trade loses, it eats that win. Full rules and numbers: Let it ride explained.
Which one should a beginner pick?
Start by copying with practice money, then try a few solo trades in practice once you can explain why the whale's trades won or lost. There is no prize for going solo early.
- Copy first if you are new, short on time, or want to learn by watching real trades happen.
- Go solo when you can say the reason for a trade in one sentence and you know where you will exit.
- Mix both: many people copy one or two whales and keep a small amount for their own calls.
- Stay small with real money: a trade you can lose without stress is a trade you can think clearly about.
Whichever you pick, judge it over many trades, not one. A single win proves little, and so does a single loss.
Should I use practice money or real money?
Practice first: you get $1,000 of practice money for 24 hours on live Hyperliquid prices, with the same rules and trading fees as real money. Practice money is not USDC and cannot be withdrawn. It is there for learning.
Real money runs in your own wallet, created with your Telegram account and secured by Privy. Only you can withdraw or export the key. CopyHype gets a trading key that can open and close trades but can never withdraw. Real money starts at $5 a trade, in copies and solo trades alike. More in the wallets docs.
What about predictions?
Predictions on Hyperliquid's outcome markets are live in CopyHype. They are single bets on one outcome, settled in USDC, from $10 a bet.
They do not replace perps; they sit next to them. A perps win can fund a prediction, and each market shows the chance, what it pays and the time left before you tap. How they work: Hyperliquid prediction markets, explained simply.
Frequently asked questions
Can I copy a whale and trade solo at the same time?
Yes. Copies and solo trades run side by side from the same balance, in practice money or real money. Each trade stands alone.
Is trading solo more expensive than copying?
No. The fees are the same: 0.1% of the position each way (0.09% with a friend's link), plus Hyperliquid's own fee and hourly funding.
What is the minimum for a solo trade?
$5. Hyperliquid's minimum is $10 of position, so at $5 pick a multiplier of x5 or more. At x2, a $5 trade sits right on the $10 line and can be refused.
Can I lose more than my amount?
No. Every trade uses its own isolated margin, so the most it can lose is the amount you put in.
Does a whale know when I copy them?
No. CopyHype reads public Hyperliquid records. Copying does not touch the whale's account in any way.
Keep reading
- How to copy trade on Hyperliquid, step by stepHow Hyperliquid copy trading works, the four ways to do it, and a step by step setup in Telegram with $1,000 of practice money first.
- Let it ride: how a winning perps trade can pay for a second oneHow CopyHype's Let it ride turns part of a winning perps trade into a second trade, with no selling and no new cash. Rules, a $1,000 example, the catch.
- Leverage explained: what x5, x10 and x50 really do to your moneyCrypto leverage explained simply: what x10 means in dollars, how far price can move before liquidation at each multiplier, and how to pick one.