TRADING GUIDE 10 / Help and how it works
Propr and HyperliquidPropr and Hyperliquid:
their respective roles.
Hyperliquid's trading infrastructure sits behind Propr's trading screen. Learn how the 2 relate and where trades are recorded.
At a glance
How are Propr and Hyperliquid related?
Propr is a prop firm using Hyperliquid's trading infrastructure. Traders trade on Propr's simulated accounts. For each trade, Propr decides whether to send it to the Hyperliquid market (A-book) or record it internally (B-book).
A summary of this page prepared by this guide.
Related guidesMarkets and leverage→
Trading flow
- YouTrade on a simulated account through Propr's trading screen.
- ProprDecides for each trade whether to send it to the market.
- A-bookAn order is placed on the Hyperliquid market and recorded on the blockchain.
- B-bookRecorded with P&L calculated internally by Propr. No onchain record.
The official documentation states that the trader's P&L is identical for A-book and B-book. You can check which method was used for each trade on the dashboard.
What is Hyperliquid?
Hyperliquid is a decentralized exchange running on its own blockchain. It offers perpetual futures and spot trading, with orders and fills recorded on the blockchain. Propr uses perpetual futures.
- Your account
- All accounts, including Funded accounts, are simulated.
- Deposits
- Propr does not accept deposits of trading capital.
- Live-market positions
- Positions sent to the market through A-book belong to Propr.
- Personal Hyperliquid account
- The official materials do not explicitly state whether one is required. Check registration requirements with Propr.
Using Hyperliquid directly
These notes apply if you use Hyperliquid directly, separately from Propr. The official documentation explains how to get started by connecting a wallet or using an email address.
- Never share your private key or seed phrase
- Open the trading screen through a link in the official documentation and verify the address (app.hyperliquid.xyz)
- Before depositing or withdrawing, check the currently supported assets and networks in the official instructions
- Review Hyperliquid's Terms of Use separately from Propr's
FAQ
FAQ: Propr and Hyperliquid
QIs Propr built on Hyperliquid?
AThe official website describes it as “Built on Hyperliquid.” Propr decides whether to send traders' trades to the Hyperliquid market.
QDo I trade my own money in a Funded account?
ANo. Funded accounts are simulated too. Live-market positions belong to Propr.
QAre all trades recorded on Hyperliquid?
AOnly trades handled through A-book. B-book trades are recorded internally by Propr.
QDo I need my own Hyperliquid account to use Propr?
AThe official materials reviewed do not explicitly state this. Check registration requirements with Propr.
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