Best Hyperliquid trading terminals and front-ends
Short answer: Third-party front-ends trade on Hyperliquid's order book but add their own fees and key handling. As of 14 Nov 2026, Based (web, desktop and mobile, plus a card), Dexari (mobile) and pvp.trade (Telegram) all let you export your keys, and Insilico Terminal targets pro traders. At base tiers, most cost more than Hyperliquid's own 0.045% taker fee (Hyperliquid docs). Perpd doesn't score terminals; Hyperliquid itself scores 72/100.
Hyperliquid front-ends at a glance
Hyperliquid's own app first as the baseline, then the rest alphabetically.
| Front-end | What it is | Platforms | Fees (as of 14 Nov 2026) | Keys and custody | Watch out for |
|---|---|---|---|---|---|
| Hyperliquid app | Hyperliquid's own interface, operated by Hyperliquid Corp (Datawallet) | Web | 0.045% taker, 0.015% maker at Tier 0 | Non-custodial; you connect your own wallet (Hyperliquid) | Hyperliquid's own risks: exit scores 4/10 |
| Based | Trading app with a Visa debit card; crypto and stock perps on Hyperliquid (Based) | Web, desktop, iOS, Android | All-in 0.070% taker, 0.040% maker on crypto perps at base tier (Based fees, page dated 28 Oct 2026) | Calls itself "a self-custody wallet, not a broker" (Based fees); social-login keys can be exported (Based FAQ) | Crypto-perp fees well above Hyperliquid's own base tier |
| Dexari | Mobile app on Hyperliquid's order book (Dexari) | iOS, Android | 0.10% on perps at its lowest volume tier; "additional Hyperliquid fees may apply" (Dexari help) | "Turnkey-powered self-custody"; keys can be exported | Highest listed base-tier fee in this table |
| Insilico Terminal | Pro order and execution terminal for CEXs and DEXs, Hyperliquid included (Insilico) | Graphical app and command line (Insilico docs) | Homepage says "free to use"; its docs list a 1 bp (0.01%) Hyperliquid builder fee (Insilico docs) | Connects through your browser wallet or an agent wallet you create on Hyperliquid; the API route asks for the agent's private key, not your main key (Insilico docs) | Built for active traders; complex order types |
| Liquid | Multi-venue trading app (Liquid docs) | Web, iOS, Android | Perps from 0.095% taker, tiered by 14-day volume (Liquid FAQ) | Non-custodial; keys can be exported (Liquid FAQ) | Docs don't say which markets route to Hyperliquid |
| pvp.trade | Telegram bot for trading in group chats (pvp.trade) | Telegram | Fee-tier page: 0.025-0.040% at Level 1 (pvp.trade docs); FAQ: 0.05% on futures | Keys "stored and encrypted by Turnkey", exportable (pvp.trade FAQ) | Fee discounts grow with effective leverage |
Fees change, so check each app's own page before you trade. Neither pvp.trade page says whether its fee sits on top of Hyperliquid's. We couldn't verify HyperDash or HypeTerminal this round (see below).
What is a builder code?
A builder code is how a Hyperliquid app gets paid. When an app sends your order, it can attach its address and a fee, and Hyperliquid charges that fee on the fill and pays the app (Hyperliquid docs).
- The cap is 0.1% on perps and 1% on spot. On perps it applies to both sides of a trade; on spot, it doesn't apply to buys.
- You approve a maximum fee for each app, and that approval must be signed by your main wallet, not an agent wallet. You can revoke it at any time.
- You can have up to 10 active builder approvals.
So what you pay through an app is Hyperliquid's own fee plus that app's builder fee. At the 0.1% cap, that's an extra $10 on a $10,000 perp trade (our arithmetic).
What is an agent wallet, and can it move your money?
An agent wallet, which Hyperliquid also calls an API wallet, is a separate key that your main account approves to sign actions for you (Hyperliquid docs). It lets an app or bot place orders without asking your main wallet to sign every trade.
- An account can have 1 unnamed agent and up to 3 named ones (Hyperliquid docs).
- Based's FAQ says agent wallets cannot "transfer funds" or "withdraw funds". Hyperliquid's exchange docs do list an "Agent Send Asset" action that "can be signed by an agent", with a destination that must match the source address, plus an agent-signed staking deposit. So an agent can move funds between your own balances, even if it can't send them out. Check what a given app's key can do rather than assuming it can't touch anything.
- Hyperliquid warns against reusing agent addresses, because old signed actions can be replayed once nonces are pruned.
- Even without withdrawal rights, whoever holds an agent key can trade your account. If an app keeps agent keys on its servers and gets breached, bad trades can drain your margin.
Who holds your keys?
3 setups show up across these apps:
- Your wallet plus an agent key. You connect a wallet such as Rabby or MetaMask, which Based recommends, and approve an agent for trading. Your main key stays in your wallet.
- Embedded wallets run by a key provider. Dexari and pvp.trade use Turnkey. pvp.trade says only you can access your key because it sits in "Turnkey's verifiably secure enclaves" (pvp.trade FAQ). Both let you export it.
- Social login with export. Based lets email-login users export their private key and runs a backup export site (Based FAQ).
Whichever setup you use, check that key export works before you deposit much, so you can reach your funds if the app goes away.
Which front-end fits which kind of trader?
- Mobile first: Based or Dexari. Watch out for: fees. Dexari's lowest tier is 0.10% on perps, and Based's all-in 0.070% taker is 0.025 percentage points above Hyperliquid's own base rate (our arithmetic).
- Stock perps: Based lists stock, index, commodity and FX perps at 0.014% taker and 0.008% maker on its base tier, in markets where Hyperliquid's growth mode is on (Based fees). See Where to trade stock perps onchain.
- Telegram groups: pvp.trade, built for trading "together in your Telegram group" (pvp.trade). Bridged deposits need at least 10 USDC (pvp.trade FAQ). Watch out for: its fee discount grows with effective leverage, up to 4 bps at 40x and above (pvp.trade docs). That rewards the habit that gets new traders liquidated. Only use the bot linked from its official docs.
- Pro execution across venues: Insilico Terminal, with order types such as Chase, Swarm, TWAP and Scale (Insilico). It adds a 1 bp builder fee on Hyperliquid, which you sign once with your browser wallet (Insilico docs). Watch out for: its API route has you paste an agent wallet's private key into the app, so that key can trade your account.
- Lowest cost: Hyperliquid's own app, at 0.045% taker on Tier 0, with HYPE staking discounts of 5-40% (Hyperliquid docs). Compare venues on Perp DEX fees compared: what a $100K trade really costs.
What couldn't we verify?
- HyperDash: its site didn't load for us on 14 Nov 2026, so it's not in the table yet.
- HypeTerminal: we couldn't confirm an official site this round. On 14 Nov 2026, hypeterminal.xyz redirected to a domain-for-sale page, so treat any site using the name with care.
- Liquid's routing: its docs say it routes markets to "specialist on-chain venues" without naming them, and its FAQ names only Lighter (Liquid FAQ). We can't confirm which of its markets run on Hyperliquid.
Are Hyperliquid terminals risky?
They inherit Hyperliquid's risks and add their own. Hyperliquid scores 72/100 (Some known risks) on Perpd, with exit risk at 4/10 and liquidation at 6/10; details on Hyperliquid risk score: 72/100.
A front-end can't fix those. When Hyperliquid paused deposits and withdrawals on 12 Nov 2025, the pause applied whichever app you used (The Block). Third-party bridges add another layer: after the Binance hack on 29 Oct 2026, Unit, which bridges BTC, ETH and SOL to Hyperliquid, added delays to all deposits and withdrawals (TechFlow). For the full picture, read Is Hyperliquid safe? What can go wrong.
How we picked
- Front-ends that trade on Hyperliquid (Liquid with the caveat above) and whose own site or docs we could read on 14 Nov 2026.
- Fees, custody and platforms from each product's own pages, not reviews.
- Fees compared with Hyperliquid's own Tier 0 schedule.
- Perpd doesn't score front-ends; How Perpd scores perp DEXs explains how we score DEXs.
- No affiliate links or referral codes.
Sources
- Fees, Hyperliquid Docs, checked 14 Nov 2026
- Builder codes, Hyperliquid Docs, checked 14 Nov 2026
- Nonces and API wallets, Hyperliquid Docs, checked 14 Nov 2026
- Exchange endpoint, Hyperliquid Docs, checked 14 Nov 2026
- Hyperliquid supported and restricted countries, Datawallet, 2 Oct 2026
- Hyperliquid app and terms, Hyperliquid, checked 9 Nov 2026
- Based homepage, Based, checked 14 Nov 2026
- Fees, Based, 28 Oct 2026
- FAQ, Based Docs, checked 14 Nov 2026
- Dexari homepage, Dexari, checked 14 Nov 2026
- Fees, Dexari Help Center, checked 14 Nov 2026
- Insilico Terminal homepage, Insilico, checked 14 Nov 2026
- Documentation, Insilico Terminal, checked 14 Nov 2026
- Adding Hyperliquid, Insilico Terminal Docs, checked 14 Nov 2026
- Liquid docs, Liquid, checked 14 Nov 2026
- FAQ, Liquid Docs, checked 14 Nov 2026
- pvp.trade homepage, pvp.trade, checked 14 Nov 2026
- Fee tiers, pvp.trade Docs, checked 14 Nov 2026
- FAQ, pvp.trade Docs, checked 14 Nov 2026
- Hyperliquid pauses deposits and withdrawals, The Block, 12 Nov 2025
- How perp DEXs held up after the Binance hack, TechFlow, 2 Nov 2026
FAQ
What is a Hyperliquid builder code?
A builder code lets an app that sends your order to Hyperliquid charge a fee on the fill. Hyperliquid caps it at 0.1% on perps and 1% on spot. You approve a maximum fee for each app with your main wallet, and you can revoke it at any time.
What is an agent wallet on Hyperliquid?
An agent (or API) wallet is a separate key your main account approves to sign actions for you, so an app can place trades without your main wallet signing every trade. Based's FAQ says agent wallets can't transfer or withdraw funds, while Hyperliquid's docs let agents sign some moves between your own balances. Either way, a leaked agent key can still trade your account.
Are Hyperliquid front-ends more expensive than Hyperliquid's own app?
Usually, at base tiers. As of 14 Nov 2026, Based lists an all-in 0.070% taker fee on crypto perps and Dexari 0.10% on perps, against 0.045% taker on Hyperliquid's own Tier 0. Volume tiers bring front-end fees down.
Does Perpd score Hyperliquid terminals?
No. Perpd scores DEXs, not the apps built on them. Hyperliquid itself scores 72/100 (Some known risks). A front-end adds its own risks on top: how it handles keys, what it charges and the chance of using a fake copy.
Related
- Where to trade stock perps onchainWhich onchain venues list stock perps in Nov 2026, how each prices them after hours and at weekends, max leverage, and the SK Hynix flash crash.
- Perp DEX fees compared: what a $100K trade really costsTaker and maker fees for 10 perp DEXs, plus measured slippage on $100K orders. Fees, not slippage, decide most of your cost.
- Hyperliquid risk score: 72/100Hyperliquid scores 72/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
- Is Hyperliquid safe? What can go wrongWhat can go wrong on Hyperliquid: its validator-run bridge, 5 incidents since March 2025, HLP and ADL losses, HYPE unlocks and who is barred.
Scores are never for sale. This page has no affiliate links and no paid placements. Not financial advice: perps are leveraged and you can lose more than you deposit.