Orbafin
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What Hyperliquid is

The exchange underneath Orbafin: an on-chain order book for futures where you keep your own keys.

Guide 2 of 8 · 3 min

An exchange you do not have to trust with your money

Hyperliquid is a decentralised exchange for perpetual futures. Orders, trades and balances live on its own blockchain, which anyone can read, and every trader keeps control of their account through their wallet. There is no sign-up and no company holding your deposit.

That public record is what makes copy trading possible: a trader's positions and fills are visible to everyone, so Orbafin can follow them without the trader doing anything.

An order book, not a pool

Trades match in an order book the way they do on a traditional exchange: buyers and sellers post prices and the best ones trade first. Prices are tight on large coins and can be thinner on small ones, which is why Orbafin shows the book and the spread next to the chart.

One account, many markets

Your Hyperliquid account holds USDC and can trade well over a hundred perpetual markets: Bitcoin, Ether, Solana and many smaller coins, each with its own maximum leverage. By default the whole account backs all your positions (cross margin); you can set aside margin for one position instead (isolated).

What Orbafin adds

Orbafin does not replace Hyperliquid; it sits on top of it. It finds the traders worth copying, places the copied trades in your account through a trade-only key, protects each copy with a safety stop, and gives you a simple screen to trade yourself. Everything it does shows up in your Hyperliquid account exactly as if you had done it there.

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