Terminal
Bullpen
Spot trading through Jupiter Ultra and Hyperliquid, perpetuals and wallet tracking.
Web
User controls keys
The terms prohibit use by sanctioned persons.
Checked 2026-10-23
features and terms
Liquid
Liquid is a terminal for perpetuals on crypto, stocks, currencies and commodities. Choose long or short, set position size and leverage, and manage exits from one screen. Market and limit orders are joined by take profit, stop loss and TWAP.
Open product
Open Liquid · Web ↗
Official destination
Networks and actions
| Network | Action | Interface | Asset access | Usage terms |
|---|---|---|---|---|
| Hyperliquid L1 | Limit order · Perpetuals · Time-based execution (TWAP) | Web | User controls keys | Available 2026-10-23 |
Swaps and trading: Usage terms
Users must be 18 or older. The terms exclude sanctioned persons, Cuba, Iran, North Korea, Syria and Crimea.
Operation costs
The entry tier for crypto perpetuals is 0.095% taker and 0.065% maker, including Liquid’s 0.05% fee. Rates decrease with 14-day volume; stocks and other builder markets have a separate schedule.
Swaps and trading
Perpetual contracts let you go long or short on an asset’s price. Stock markets trade price exposure through contracts.
Getting started
Sign in with email, Google, Apple or a crypto wallet. The web terminal and mobile apps share one account.
Related ecosystems
Other terminals for this network
Terminal
Based App
Hyperliquid spot and perpetual trading with an order book, limit orders and leverage controls.
Web
User controls keys
Checked 2026-10-23
Terminal
Dreamcash
Web and mobile access to Hyperliquid spot and perpetual markets, including HIP-3 stocks and commodities.
Web · iOS · Android
User controls keys
The application is unavailable to UK residents.
Checked 2026-10-23
Sources and verification
- Liquid — 2026-10-23
- What is Liquid — 2026-10-23
- Fees — 2026-10-23
- Terms — 2026-10-23
- Referral bonuses — 2026-10-23
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