Perpex vs Hyperdash: Hyperliquid copy trading compared
Perpex and Hyperdash both let you trade on Hyperliquid and copy other traders. The table compares what each product states in its own documentation; every row links to its source.
Facts checked on 2026-10-01. Products and fees change; verify on each site before deciding.
This comparison is for information only and is not investment advice. Trading perpetual futures carries a risk of loss, and copied results can differ from the source trader.
| Topic | Perpex | Hyperdash |
|---|---|---|
| Funds and custody | Non-custodial interface developed by Celebit Ltd. Collateral stays in your own Hyperliquid account. Source | Google, Apple or email sign-in creates a non-custodial wallet secured by Turnkey; existing Hyperliquid accounts can connect through an API key. Source |
| Account setup | Connect a wallet, authorize a Hyperliquid agent key (it can place orders but cannot withdraw) and approve the builder fee. Source | Copying from a connected wallet needs at least $100 USDC, an API key valid for 180 days, approval of the 0.05% builder fee and unified account mode. Source |
| Trading fees | Perpex’s only fee is a 0.10% builder fee on eligible order fills, separate from Hyperliquid trading fees and funding. Source | Builder fee of 0.015% on perps and 0.03% on spot and prediction markets, on top of Hyperliquid fees. Source |
| Copy trading cost | Copied orders use the same 0.10% builder fee on eligible fills. No performance fee. Source | 0.05% builder fee plus standard exchange fees; copy trading volume is not eligible for fee rebates. Source |
| Copy trading | Available, after checks on the owner wallet, agent authorization, builder approval, collateral and market and account mode. Source | Copytrade (mirror) or Countertrade (opposite side) up to 10 traders from a wallet dedicated to the strategy. Source |
| Copy risk controls | Choose allocation and risk limits before starting; stop an active relationship in the app. Source | Leverage cap from 1x to 40x, optional new-positions-only mode, a limit on how much worse your entry price may be than the trader’s, and asset whitelists or blacklists. Source |
How Perpex differs
- Perpex charges one fee, a 0.10% builder fee, on eligible fills of both your own and copied orders, with no performance fee. Hyperdash lists different builder fees for regular trading and for copy trading.
About Perpex
Where Hyperdash may fit better
Hyperdash documents countertrading (taking the opposite side of a trader), copying up to 10 traders from one wallet, more granular copy controls and sign-in with Google, Apple or email. The copy fees differ, so compare them in the table. On Perpex, grid and algorithmic bots are coming soon.
How we compared
Each competitor fact comes from that company's own website or documentation and links to the exact page. Facts we could not confirm there are left out rather than guessed.
Dexly, Hyperdash, Copin, Arco and BitMEX are products of their respective owners. Perpex is developed by Celebit Ltd and is not affiliated with them.
Frequently asked questions
Do Perpex or Hyperdash hold my funds?
Perpex does not; collateral stays in your own Hyperliquid account. Hyperdash's documentation describes non-custodial wallets secured by Turnkey and connected wallets that stay in your custody.
What does copy trading cost on each?
On Perpex, eligible copied fills carry the 0.10% builder fee and there is no performance fee. Hyperdash’s documentation lists a 0.05% builder fee for copy trading. Hyperliquid trading fees apply on both.