Getting Started

What you need

A modern desktop browser. The terminal is desktop-first and built for large screens.
Nothing else to browse — market data and pair signals are visible without an account.
A wallet with a funded Hyperliquid account, only if you want to trade. New to Hyperliquid? Start there — our referral link carries Hyperliquid's 4% fee discount.

First look

The terminal opens on the Trade cockpit — a full single-coin desk for the last market you viewed. The top navigation covers everything, and every slot answers a function key (F1–F9, in display order):

Trade (F1) — the cockpit: live chart with statistical layers, depth ladder with cost analytics, tape intelligence, and the execution console. Every Hyperliquid market (including HIP-3 builder markets) gets one.
Pairs (F2) — the daily roster of eligible pairs; each one opens The Pair Desk: the pair as one instrument — live z verdict, spread chart, both legs' books.
Watch (F3) — one table of your positions, armed orders, and watches: what you're watching and tracking.
Portfolio (F4) — your connected wallet's own book on Hyperliquid: equity, margin, exposure, and open positions.
Markets (F5) — the full market table, with the rest of the market-color group in the same menu: HyperZone (the live 3D field), Funding, Liquidations, and Liquidity (quiet-hour volume percentiles, book depth within 50bp, HL's share of global perp flow).
News (F6) — The Wire: a Hyperliquid perps briefing published twice daily — category moves, funding, and confirmed liquidations, machine-written from venue data and machine-checked before publish.
Desk (F7) — the trading-desk group: TCA (your execution blotter — every parent order, its child clips, and journaled fill quality vs the arrival benchmark), Agent (the approvals you signed — what the agent key can and cannot do, when it expires, how to revoke it), and Reports (signed in).
Wallets (F8) — inspect any address's positions and fills; Discover surfaces notable wallets.
More (F9) — opens the overflow menu: Research, Docs, Fill quality, Legal, and the theme control.

Keyboard

The terminal is desktop-first and keyboard-friendly:

F1–F9 — the top navigation, one key per slot in display order (list above; F9 opens the More menu). Plain keypresses only: Ctrl/Shift/Alt combinations keep their browser meaning, so Ctrl+F5 still hard-reloads.
⌘K / Ctrl+K — the command palette: jump to any page, market, or docs section by name. It understands the terminal's own chip phrases — typing "venue holds more" lands on the section that explains it.
/ — the symbol switcher on the cockpit; the pair roster on the Pair Desk.
Space — summons the PEATS manual ticket on the cockpit, then walks its fields. The full ticket keyboard (B/S side keys, grammar cells, Enter-Enter arm) is documented there.

Trading through the terminal

pairpetuals.com constructs orders; it never executes them. Trading happens on Hyperliquid, authorized by your own wallet:

Connect — the connect button asks your wallet for its address (eth_requestAccounts) and nothing else. Browsing needs no connection at all.
Sign in — one signature proves the address is yours. No password, no account.
Enable trading — your wallet approves an order-only agent on Hyperliquid itself: it can place the orders you arm, never withdraw or transfer, and expires on its own. A separate signature caps the builder fee at 0.04% — the transitional rail that collects the Site's accrued construction fees, never a second fee. Both are revocable at any time — the agent via the Revoke key button on the account rail (and Hyperliquid's own API settings), the fee cap through Hyperliquid.
Arm — configure an algo, a watch, or an exit and arm it. The engine works the order through your agent; matching, settlement, and custody stay on Hyperliquid.

We never hold funds and never see keys. Per-account size caps apply during early launch, stated on the ticket when they bind. Full detail: Legal & Risk.

Reading a pair

A pair is quoted as A-B: long A, short B when the spread is below its mean (and the reverse above it). The key numbers:

Live z — how many standard deviations the spread is from its mean right now.
Entry band — the z-level at which the strategy considers the stretch tradeable.
Exit — measured as travel back from the entry threshold, not a fixed level.
Stop — the z-level at which the thesis is considered broken.

See Z-Scores & Bands for the full mechanics.

What you need

A modern desktop browser. The terminal is desktop-first and built for large screens.

Nothing else to browse — market data and pair signals are visible without an account.

A wallet with a funded Hyperliquid account, only if you want to trade. New to Hyperliquid? Start there — our referral link carries Hyperliquid's 4% fee discount.

First look

Trade (F1) — the cockpit: live chart with statistical layers, depth ladder with cost analytics, tape intelligence, and the execution console. Every Hyperliquid market (including HIP-3 builder markets) gets one.

Pairs (F2) — the daily roster of eligible pairs; each one opens The Pair Desk: the pair as one instrument — live z verdict, spread chart, both legs' books.

Watch (F3) — one table of your positions, armed orders, and watches: what you're watching and tracking.

Portfolio (F4) — your connected wallet's own book on Hyperliquid: equity, margin, exposure, and open positions.

Markets (F5) — the full market table, with the rest of the market-color group in the same menu: HyperZone (the live 3D field), Funding, Liquidations, and Liquidity (quiet-hour volume percentiles, book depth within 50bp, HL's share of global perp flow).

News (F6) — The Wire: a Hyperliquid perps briefing published twice daily — category moves, funding, and confirmed liquidations, machine-written from venue data and machine-checked before publish.

Desk (F7) — the trading-desk group: TCA (your execution blotter — every parent order, its child clips, and journaled fill quality vs the arrival benchmark), Agent (the approvals you signed — what the agent key can and cannot do, when it expires, how to revoke it), and Reports (signed in).

Wallets (F8) — inspect any address's positions and fills; Discover surfaces notable wallets.

More (F9) — opens the overflow menu: Research, Docs, Fill quality, Legal, and the theme control.

Keyboard

The terminal is desktop-first and keyboard-friendly:

F1–F9 — the top navigation, one key per slot in display order (list above; F9 opens the More menu). Plain keypresses only: Ctrl/Shift/Alt combinations keep their browser meaning, so Ctrl+F5 still hard-reloads.

⌘K / Ctrl+K — the command palette: jump to any page, market, or docs section by name. It understands the terminal's own chip phrases — typing "venue holds more" lands on the section that explains it.

/ — the symbol switcher on the cockpit; the pair roster on the Pair Desk.

Space — summons the PEATS manual ticket on the cockpit, then walks its fields. The full ticket keyboard (B/S side keys, grammar cells, Enter-Enter arm) is documented there.

Trading through the terminal

pairpetuals.com constructs orders; it never executes them. Trading happens on Hyperliquid, authorized by your own wallet:

Connect — the connect button asks your wallet for its address (eth_requestAccounts) and nothing else. Browsing needs no connection at all.

Sign in — one signature proves the address is yours. No password, no account.

Enable trading — your wallet approves an order-only agent on Hyperliquid itself: it can place the orders you arm, never withdraw or transfer, and expires on its own. A separate signature caps the builder fee at 0.04% — the transitional rail that collects the Site's accrued construction fees, never a second fee. Both are revocable at any time — the agent via the Revoke key button on the account rail (and Hyperliquid's own API settings), the fee cap through Hyperliquid.

Arm — configure an algo, a watch, or an exit and arm it. The engine works the order through your agent; matching, settlement, and custody stay on Hyperliquid.

We never hold funds and never see keys. Per-account size caps apply during early launch, stated on the ticket when they bind. Full detail: Legal & Risk.

Reading a pair

A pair is quoted as A-B: long A, short B when the spread is below its mean (and the reverse above it). The key numbers:

Live z — how many standard deviations the spread is from its mean right now.

Entry band — the z-level at which the strategy considers the stretch tradeable.

Exit — measured as travel back from the entry threshold, not a fixed level.

Stop — the z-level at which the thesis is considered broken.

See Z-Scores & Bands for the full mechanics.