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Spot trading on Hyperdash means buying and selling the asset itself, not a contract tied to its price. Every spot market is quoted in USDC and trades 24/7, and what you buy you own: spot purchases settle on-chain to your wallet and can be sent or transferred out.

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How spot balances work

  • Buys are funded from your spot USDC balance. Sells draw on the token balance you hold: you can only sell what you own.
  • Balance reserved by a resting order shows as held and cannot be used by other orders until that order fills or is canceled.
  • The trade panel shows your available USDC and available token balance, with Deposit and Perps to Spot shortcuts. USDC moves freely between your perps and spot accounts through the transfer modal (unified accounts share one balance and skip this step).
  • Your holdings appear in the Balances table with amount, available, value, entry price, and PNL, plus actions to Send, Transfer, or set a TP/SL on a holding.

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Placing a spot order

1

Pick a spot market

Select a spot pair, for example HYPE/USDC, in the asset selector.
2

Choose an order type

Market and Limit are top-level tabs. The Pro dropdown adds Scale, Stop Limit, and Chase on the limit side, and TWAP, Stop Market, and Swarm on the market side. Accounts with OTC access also see an OTC tab.
3

Set side and size

Choose Buy or Sell, then size in the token or in USD, or use the slider to size as a percentage of your available balance. The panel shows order value, estimated slippage, and your maker and taker fee rates.
4

Submit

Market and limit buys can first attach Take Profit and Stop Loss triggers, by price or by gain and loss in % or $. TP/SL exits execute as market orders.
Each order type has its own reference page: start with the Order Types overview, or jump to Market, Limit, Scale, Stop Limit, Stop Market, Chase, TWAP, or Swarm.

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Settings

Minimum order value is $10. Order types that split into multiple orders, such as Scale, TWAP, and Swarm, require each child order to clear the same minimum.

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Spot vs perps

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FAQ

No. Spot sells are limited to the balance you hold. For short exposure, use a perp market: see the Trading Guide.
Deposit directly, or transfer USDC from your perps account with the Perps to Spot button. See Onboarding and Deposits.
No. Funding applies only to perpetuals. Spot costs are the maker and taker fee rates shown in the order form; see Fees, Referrals and Rewards.
Yes. Use the TP/SL action in the Balances table to attach Take Profit or Stop Loss triggers to an existing holding.
Tokens reserved by resting orders are held: they cannot be sold or sent until the order fills or is canceled. The panel warns you when an existing order is already using part of a balance.