Hyperliquid advanced actions

Uses the same header as hyperliquid-orders (info, exchange, ACCOUNT, round_px, round_sz, new_cloid). Everything that signs is Execution Trader only, on a ticket.

Dead-man's switch (scheduleCancel)

Tells the exchange to cancel all of the account's open orders at a future time unless you push the time out or clear it. Useful when the desk runs a watch that could die while resting orders sit on the book. The user asks for it explicitly; the report states the time.

from hyperliquid.utils.signing import get_timestamp_ms
res = exchange.schedule_cancel(get_timestamp_ms() + 10 * 60 * 1000)   # 10 minutes out; must be >= 5 s in the future
res = exchange.schedule_cancel(None)                                    # clear it

TypeScript: await exchange.scheduleCancel({ time: Date.now() + 600_000 }); omit time to clear. Limits: at most 10 triggers per day per account (resets 00:00 UTC). It cancels stops too, so re-arm protection if it fires.

TWAP

Splits a size into slices at fixed intervals (30 seconds minimum) over m minutes: 5 minutes to 7 days per the docs, though the TypeScript SDK's schema caps m at 1440 (24 hours), so longer runs need the raw action. Minimum 100 USD total; each slice capped at 3% slippage; t: true randomises slice sizes by up to 20%. Not in the Python SDK's high-level Exchange; use TypeScript or the raw action.

const twap = await exchange.twapOrder({ twap: { a, b: true, s: "10", r: false, m: 30, t: true } });
const twapId = (twap.response.data.status as { running: { twapId: number } }).running.twapId;
await exchange.twapCancel({ a, t: twapId });

Raw action: {"type":"twapOrder","twap":{"a":1,"b":true,"s":"10","r":false,"m":30,"t":true}}; response {"status":{"running":{"twapId":N}}} or {"status":{"error":"..."}}. Monitor with the twapStates / userTwapSliceFills WebSocket subscriptions or userTwapSliceFills reads; TWAP fills carry a zero hash. A TWAP is still one ticket; the ticket states size, minutes, randomisation and reduce-only.

Spot orders

Same order action; asset id is 10000 + index of the pair in spotMeta.universe; size decimals are the base token's szDecimals; price gets 8 - szDecimals decimals (still 5 significant figures); minimum order value is 10 quote tokens. The Python SDK resolves "PURR/USDC" (and app-style aliases such as "HYPE/USDC" where unambiguous) to the spot asset id for you:

# header from hyperliquid-orders, then spot-specific rounding from spotMeta
pair_name = "PURR/USDC"
spot = info.spot_meta()
pair = next(p for p in spot["universe"] if p["name"] == pair_name)
base_dec = next(t for t in spot["tokens"] if t["index"] == pair["tokens"][0])["szDecimals"]

def round_px_spot(px):
    px = float(f"{float(px):.5g}")
    return float(Decimal(str(px)).quantize(Decimal(1).scaleb(-(8 - base_dec)), rounding=ROUND_HALF_UP))

def round_sz_spot(sz):
    return float(Decimal(str(sz)).quantize(Decimal(1).scaleb(-base_dec), rounding=ROUND_DOWN))

sz, px = round_sz_spot(120), round_px_spot(0.1234)
assert sz * px >= 10, "below the 10 quote-token minimum"
res = exchange.order(pair_name, True, sz, px, {"limit": {"tif": "Gtc"}}, cloid=new_cloid())

Read balances with spotClearinghouseState (hyperliquid-account). Spot has no leverage and no liquidation. Under unifiedAccount/portfolioMargin abstraction modes balances behave differently; the desk stays in the default mode unless the user changes it in the app.

expiresAfter and nonces

• Every signed action carries a nonce (unix ms). The SDKs manage it. Nonces are per signer, so two processes signing with the same API wallet at the same time will collide; the desk keeps one Execution Trader and one process at a time.
• expiresAfter (ms) makes an action void if it reaches the exchange after that time. Useful protection against a delayed duplicate after a reconnect: exchange.set_expires_after(get_timestamp_ms() + 60_000) in Python (applies to following L1 actions; must be None for user-signed actions), or per-call { expiresAfter } in TypeScript. A stale rejection costs 5x rate-limit weight, so keep it generous (a minute) rather than tight.
• noop is an action that just burns a nonce; documented as a way to invalidate in-flight actions signed with lower nonces.

Approving an API wallet from code

The desk's normal path is the app (hyperliquid-setup section 4), because approval must be signed by the main wallet and that key never touches the desk computer. For completeness: Exchange(main_wallet).approve_agent(name) in Python generates a fresh agent key and returns (result, agent_private_key); TypeScript exchange.approveAgent({ agentAddress, agentName }) approves an address you generated. Named agents can carry an expiry via "name valid_until <ms>" (up to 180 days); an account may hold 1 unnamed and up to 3 named agents, plus 2 named per sub-account; re-approving the same name (or a new unnamed agent) replaces the previous key. Never reuse a revoked agent address.

Sub-accounts and vaults

Orders can be sent for a sub-account or vault by setting vaultAddress (Python: Exchange(..., vault_address="0x..."); TypeScript: defaultVaultAddress or per-call { vaultAddress }); the API wallet of the master signs. Reads for that address use the sub-account/vault address as user. The desk supports this only if the user asks and records it in desk.md; it never creates sub-accounts or transfers funds into or out of them.

HIP-3 builder dexs

Other perp dexs exist beside the main one (perpDexs). Coins are dex:COIN, asset ids are 100000 + 10000 x dex index + index in that dex's meta, margin is often isolated-only, and reads take a dex parameter. Off by default on the desk; if the user wants one, everything above applies with the prefixed coin name and the dex's own meta.

Rate limits and reserveRequestWeight

Address-based limits for actions: a buffer of 10,000 plus 1 per 1 USDC of cumulative volume; when exhausted, 1 action per 10 seconds (cancels get extra headroom). Check userRateLimit. An account can buy more with reserveRequestWeight (0.0005 USDC each) - the desk does not do this automatically; mention it if the user hits the limit. Per-IP /exchange weight is 1 + floor(batch size / 40).

Deliberately not on this desk

These exist in the API and SDKs; the desk does not use them, and the user does them in the Hyperliquid app with their main wallet:

Action	What it does
usdSend, spotSend, sendAsset	send USDC or tokens to another address or between dexs (agentSendAsset, the self-only variant, is L1-signed and agent-capable)
withdraw3	withdraw USDC to Arbitrum
usdClassTransfer	move USDC between perp and spot balances
vaultTransfer, subAccountTransfer, createSubAccount	move funds into or out of vaults and sub-accounts (L1-signed, so an API wallet technically can; the desk's rule is the guard)
approveBuilderFee, builder on orders	let a builder charge a fee on your orders
cDeposit, cWithdraw, tokenDelegate	HYPE staking
userSetAbstraction and friends	change the account's margin mode

If a ticket asks for one of these, the Execution Trader declines and the Desk Lead explains why (desk-operating-model, "Excluded on purpose").

Pitfalls

• A dead-man's switch that fires also removes stops. Re-arm protection.
• TWAP minimum size and duration errors (Invalid TWAP duration) come back inside status, not as resting.
• Spot size decimals come from the base token, not the pair; ids differ per network.
• Reusing an agent address after revocation can replay old signed actions; generate fresh keys.
• Two signers on one API wallet in parallel: nonce collisions and rejected actions.