How to Copy Trade Hyperliquid Traders on BitMEX?

Want to copy (or reverse copy) Hyperliquid’s best traders? You can – but it’s a day job on its own. 

Here’s what you’re signing up for: Managing Web3 wallets. Bridging USDC from Arbitrum. Approving smart contracts and hoping they’re audited. One wrong address or connecting to a malicious platform? Your funds are lost forever.

That’s why BitMEX built the world’s first Hyperliquid copy trading integration within the convenience of a centralised exchange. You get both legendary BitMEX traders and top Hyperliquid on-chain traders all from one account. No wallet juggling. No bridging risk.

In this guide, you’ll learn:

• How to copy trade Hyperliquid Leaders on BitMEX 

• How to choose the best traders and what red flags to avoid

• Risk management strategies to protect your capital

• Pro tips from successful Copiers 

• When to stop copying a trader 

What Is Hyperliquid Copy Trading? (And Why It’s Different)

Hyperliquid copy trading is a trading tool for BitMEX users to mirror the trades of any Hyperliquid traders in real time. When they open a position, your account opens the same position – while adjusting your risk preferences.

The key difference? You’re not trading on Hyperliquid yourself. You’re trading on BitMEX, copying traders who happen to be executing on Hyperliquid. 

To start copy trading on Hyperliquid yourself, you’d need to set up a Web3 wallet, bridge USDC from Arbitrum to Hyperliquid L1, manage seed phrases, monitor Hyperliquid platform uptime, and pay gas fees. Now with BitMEX Copy Trading – you avoid all of that….and get so much more:

• BitMEX Security: 11+ years of operations, zero customer funds lost

• Elite Trader Access: Copy Hyperliquid degens AND BitMEX legends 

• Reverse Copy: Disagree with a trader? Counter their trades in a click

• 24/7 Human Support: Something breaks at 2 AM? We have actual humans who respond, not Discord moderators

• Portfolio Diversification: Copy up to 5 traders simultaneously 

• Zero DeFi Friction: No wallets. No bridging. No gas fees. No seed phrases to lose

• CEX-y Convenience: Instant fiat on-ramp, trading bots, equity perps, and so more more.

Pro Tip: The best copy traders aren’t trying to beat the market daily. They’re consistent over months. Look for traders with 90+ day track records showing steady growth, not explosive one day gains.

Why Copy Trade Hyperliquid Instead of Trading Directly?

Let’s be honest, Hyperliquid is powerful but it’s complex. Here’s what separates successful Hyperliquid traders from those who lose money:

Successful traders know:

• How to read funding rates and adjust positions accordingly

• When to flip from long to short based on order book pressure

• How to use maker rebates to offset trading costs

• Which altcoins have enough liquidity for $100k+ positions

• How to manage leverage during volatility spikes

• When to exit before funding rate payments

• Decentralised exchanges are prone to manipulations

• If you’ve read our 2025 derivatives report, funding rate payments historically fluctuate a lot more on Hyperliquid.

Copy trading solves all the above. You’re leveraging the expertise of traders who’ve mastered Hyperliquid – many trading 10+ hours daily in the trenches. They’ve paid tuition (in losses) learning what works. The best part? You skip that learning curve entirely.

When should you trade directly or use Copy Trading?

How to Copy Trade Hyperliquid Users on BitMEX: 7 Step Tutorial

Let’s walk through the exact process, start to finish.

Step 1: Create Your BitMEX Account 

First, you need a BitMEX account. If you already have one, skip to Step 2.

1. Visit bitmex.com and register an account

2. Enter email + create strong password

3. Verify email (check spam folder)

4. Complete KYC verification, you may be asked for additional documentations:

   • Upload identification documents

   • Take selfie for verification

   • Proof of address

Pro Tip: New BitMEX users get over $5,000 in Trading Credits – you can register here

Step 2: Deposit Funds 

You can start copy trading with just as little as $100 USD in trading capital. BitMEX accepts multiple deposit methods:

Supported assets

• Bitcoin (BTC)

• Ethereum (ETH)

• Tether (USDT) ← Recommended for beginners

• USDC

20+ other spot currencies supported

How to deposit:

Click the ‘Funds’ drop-down menu

• Select ‘Deposit’

• Choose asset (USDT recommended)

• Select your network of choice.

• Copy your BitMEX deposit address

• Send from external wallet or exchange

• Wait for confirmations (this might vary depending on network congestion)

Please note: Incorrectly sent funds are permanently lost. We strongly recommend testing a small transaction, such as $10, before sending a larger amount.
Pro Tip: If you’d like to buy crypto with a credit card instantly, head on over to this page.

Step 3: Navigate to Copy Trading Marketplace 

Now comes the fun part – browsing and copying traders. Here’s how to navigate around BitMEX:

1. From BitMEX trading terminal, click ‘Copy Trading’ in top navigation bar

2. You’ll see the Copy Trading Marketplace. By default, you’ll see all Copy Leaders on BitMEX where you can filter by PnL, ROI, and other metrics. 

3. Click ‘Hyperliquid’ on the marketplace navigation to view Hyperliquid traders. These are displayed by their respective Hyperliquid address

What you’ll see: Verified Hyperliquid traders each with a profile card showing:

• Hyperliquid Address 

• 30-day ROI (return on investment)

• Win rate (% of profitable trades)

• Total copiers (social proof)

• Risk level (low/medium/high)

• Max drawdown (worst losing streak)

• Trading badges 

Pro Tip: Don’t just sort by highest ROI. A trader with 200% last month but -50% max drawdown is a risky trader. Look for consistent traders that outperforms in the long run. E.g. 10-40% monthly returns with drawdowns under -20%. 

Step 4: Research and Select Traders 

This is where 80% of traders make mistakes. They see a trader up 90% last month and copy immediately. Then that trader loses 60% the next month, wiping out their capital.

Here’s how to choose traders properly:

Real example of a good trader profile:

Why this profile is trustworthy:

• 90+ days track record 

• Consistent monthly returns 

• Large trade sample size (145 trades)

• Clear strategy explanation

• Manageable max drawdown

Pro Tip: Copy 3-5 traders with different strategies to diversify. Here’s a few different trading strategies:

1. Scalper (lower time frame 40-60 trades/day, quick profits)

2. Swing trader (higher time frame, holds 3-7 days, bigger moves)

3. Delta-neutral (funding rate arbitrage, low risk)

Step 5: Configure Copy Settings 

Now you’ve chosen a trader, it’s time to configure your risk preference and how much capital you’d like to commit to.

1. Click ‘Copy’ or ‘Reverse Copy’ on their profile. You’ll see a settings screen:

2. Input the amount of capital you’re willing to commit. Please note that you need a minimum of $100 USD to start copying a Leader. However, Copy Leaders have the discretion to increase the minimum starting capital to their preference. If you’d like to commit other types of crypto, hit the ‘+’ and select your asset.

3. Set your Stop Loss and Take Profit parameters. 

Additionally, you may switch between Mirror mode. When Mirror Mode is ON, you’re using your full balance in the same ratio as the Copy Leader. If the Copy Leader has $1000 and you commit $100. A $100 trade might be $10 in size for you. When Mirror Mode is OFF, your trade amount is capped at the Copy Leader’s maximum. 

Recommended Stop Loss settings:

• Conservative: -15% stop loss

• Moderate: -20% stop loss

• Aggressive:: -40% stop loss or none.

4. Continue to the confirmation page and review your setup before committing. 

Important: If your Copy Leader has open positions right now, those won’t appear in your account. Only trades they open after you start copying will replicate. This prevents you from entering mid trade.

5. To find the current Copy Leaders you’re copying, head on over to ‘Copy Trading Details’ in the top right corner of the Copy Trading marketplace.

Here, you’ll see a complete overview of your current and past Copy Leaders. You’ll be able to perform three key actions:

1. See More: to view additional details of the Copy Leaders and update your copy trading settings.

2. Transfer Funds: to increase/decrease your trading balance allocated to a Copy Leader.

3. Stop Copy Trading: to immediately close any ongoing copied trades and to stop copying a Copy Leader’s future trades.

Step 5: Monitor and Manage Copy Leaders

With Copy Trading, you could log off and keep a hands-free approach. However, it’s best to closely monitor your Copy Leader performance to allocate your capital effectively. Don’t check in every hour or every day. It’s normal for traders to run red days as well. Afterall, the best traders recover from drawdowns consistently. 

We recommend setting a ‘trial’ period to give them time to perform and then reevaluate your decision. At the same time, don’t be afraid to cut your losses as well. Whilst there isn’t a golden rule, we recommend the following factors to evaluate your Copy Leader’s performance:

FAQ

How much does copy trading cost?

Traders charge 0-50% profit share (you choose which traders to copy). BitMEX doesn’t charge additional fees beyond standard trading fees.

For example, if you profit $1,000 copying a trader who charges 15% profit share, you pay $150 to the trader and keep $850. If you lose money, you pay nothing.

Do I need a Hyperliquid account?

No. That’s the entire point. You trade from BitMEX, copying traders who happen to be on Hyperliquid. No Web3 wallet, no bridging, no interactions with the complex DeFi world.

Can I copy multiple traders?

Yes, up to 5 traders simultaneously. We recommend 3-5 for diversification. You can stop copying Copy Leaders any point in time and switch to a new trader.

What if the trader loses money?

Your account loses proportionally. This is why stop losses are mandatory. Set a -20% stop loss on every trader. Never commit capital you’re not comfortable losing.

What’s the minimum to start?

$100 minimum to start copying a Copy Leader. However, Copy Leaders have the discretion to adjust the minimum capital to their preference. We recommend $500-1,000 to comfortably copy 2-3 traders.

Can I copy part of a trader’s strategy?

No, you copy everything or nothing. You can’t choose to only copy their BTC trades and skip ETH. This ensures strategy integrity.

What happens if Hyperliquid goes offline?

Your copy positions on BitMEX are unaffected. BitMEX operates independently of Hyperliquid. If a trader can’t trade due to Hyperliquid downtime, your positions simply don’t get new trades until they’re back online.

​BitMEX Blog 

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