Vault or Copy Trading on Hyperliquid: What Do You Keep Control Of?
Last checked against the product: 2026-10-19
The short answer
In a Hyperliquid user vault, you deposit money into a pool that a trader runs, and you get a share of the pool's profits or losses. With copy trading on Hypertide, orders are placed in your own Hyperliquid account, so you hold the positions yourself. We never hold your money. That is what non-custodial means. Both can lose money. They differ in who holds the funds and who decides each trade.
How a vault works
A vault is a pool on Hyperliquid. On a vault's page you press Deposit and enter an amount. Hyperliquid describes this as a way to get exposure to a trader's trading approach, and you earn a share of the vault's profits, or losses. The trader runs the vault, and Hyperliquid's leader documentation says the leader trades on behalf of the vault.
Hyperliquid's legacy documentation says vault owners receive 10% of the total profits, and that protocol vaults do not have any fees or profit share. HLP is a protocol vault that provides liquidity to Hyperliquid.
It also lists lock-up periods: 4 days for HLP and 1 day for user vaults. Hyperliquid's documentation says there may be some slippage as you withdraw and open positions are closed. Slippage means a worse price than expected. The vaults described here are what Hyperliquid's documentation now calls legacy. Newer vaults on HyperEVM can set their own accounting, so read the terms on a vault's page before you deposit.
How copy trading on Hypertide works
You pick a trader to follow. Our bot watches that trader's public fills (a fill is an order, or one piece of an order, going through, not a finished trade) and places its own order for each one, from your account. You approve a limited key for this. The bot uses it to place orders, cancel orders and set leverage. You choose which traders to follow and how big your copies are. Your copy is a separate order, so it can fill at a different price from the trader's, or be skipped.
Side by side
Where the money sits. Vault: in the vault's pool. Copy trading on Hypertide: in your own Hyperliquid account.
Who decides each trade. Vault: the vault's leader, or for HLP its market-making strategies. Copy trading: the trader you follow sets the signal, and you choose who to follow and how big your copies are.
Who holds the positions. Vault: the vault. Copy trading: you.
How you stop. Vault: withdraw from the vault, and the lock-up applies. Copy trading: unfollow the trader, or switch the key off yourself.
Fee. User vaults: a 10% profit share to the owner, per Hyperliquid. Protocol vaults such as HLP: none, per Hyperliquid. Copy trading: 0.1% of every order that fills, opening and closing, and 0.05% once you have opened $10,000 through Hypertide in the last 30 days. Hyperliquid's own trading fees are separate and still apply.
What you keep control of with copy trading
You can withdraw on Hyperliquid whenever you want. Hyperliquid's agent permissions stop our key from withdrawing your funds or sending them to another address. That limit is enforced by Hyperliquid, not by us. You can switch the key off by approving a new agent on Hyperliquid with the same name, Hypertide.
If you unfollow a trader, Hypertide stops copying and leaves the positions it opened with you, to keep or to close.
What can still go wrong
A followed trader can lose money, and so can you. Copy orders use your agent key to place trades on your account. A vault can lose money too. Holding your own positions is control, not safety.
What this page does not tell you
It does not say which option suits you, names no vault and gives no performance figures. The vault facts come from Hyperliquid's documentation, read on 2026-10-19, and Hyperliquid may change them, so check the current pages before you deposit. To look at traders before you connect anything, go to hypertide.app/leaders. More at hypertide.app/custody, hypertide.app/fees and hypertide.app/how.