Trading basics
Perpetual contract. A crypto derivative that tracks an underlying asset (like BTC) without an expiry date. You post margin, open a long or short position, and settle any profit or loss when you close. Long / short. Long means you profit when price goes up. Short means you profit when price goes down. Leverage. A multiplier on your position size relative to the margin you posted. 10x leverage means a 100 margin. Higher leverage means bigger wins and bigger losses. Liquidation. When your losses eat through your margin, the exchange force-closes your position. Higher leverage makes this much easier to trigger. Liquidations are the single biggest way traders lose money on perpetuals. Take profit / stop loss. Automatic exit orders. Take profit closes your position when price reaches a target. Stop loss closes it when price moves against you by a set amount. Hyperoru attaches these to decisions whenever the strategy specifies them. Funding rate. A periodic payment between longs and shorts that keeps the perpetual price close to the underlying spot price. Positive funding means longs pay shorts; negative means the opposite. Open interest. The total number of contracts currently held open on an exchange. Rising open interest plus rising price usually means a real trend; rising open interest plus flat price often precedes a volatility spike.Hyperoru concepts
AI trader. A standalone trading account inside Hyperoru. Each trader has its own name, its own language-model setup, its own exchange wallet, and its own strategy. You can run many in parallel. Strategy. The logic that decides what to do when the market is analyzed. Hyperoru supports two kinds:- Prompt strategy — natural-language instructions interpreted by a language model.
- Program strategy — a Python class with a
should_trade(data)method.
buy, sell, close, hold), the symbol, the position size, leverage, take-profit/stop-loss prices, and a plain-language reason.
Arena. The live view where you watch decisions happen. Useful for debugging: you see the exact prompt, the model’s reasoning, and the decision side-by-side.
HyperAI. The conversational assistant built into Hyperoru. It can answer questions about your traders, help you build strategies, and run analytical skills like trade attribution and backtest interpretation.
Factor. A computed market indicator (momentum, mean-reversion, carry, volatility, etc.). Hyperoru ranks symbols by factor score so strategies can focus on the most attractive names.
Market regime. A classification of the current market: breakout, trending, ranging, volatile, or quiet. Strategies can gate their behavior on the current regime.
Backtest. Running a strategy against historical data to see how it would have performed. Does not place real trades.
Session token. The long string you attach to API requests to prove you are logged in. Treat it like a password. See Authentication.