How to evaluate a Hyperliquid trading bot before connecting your wallet

1. Strategy: do you know what it does?

You don't need the code, but you should be able to say in one sentence what the bot trades and roughly how.

• Which markets does it trade? One market, or anything on the account?
• Does it go long, short, or both? How long does it usually hold a position?
• How much leverage does it use, and is there a maximum?
• In what market conditions does it tend to lose? A provider that can't answer this has not studied its own strategy.

Warning sign: “proprietary AI” with no description of markets, direction or leverage. A black box is not an edge.

2. Track record: can you verify it?

• Live or backtest? Only live results have faced real fills, fees and slippage.
• How long? A few good months say little. Look for a period that includes both rising and falling markets.
• Verifiable? Ask for the Hyperliquid address behind the results and look it up in the explorer. See how to verify fills and PnL.
• All three numbers? Return, APY and maximum drawdown, with dates. See how to read them.

Warning sign: results only as screenshots, a very high APY from a short period, or no drawdown figure anywhere.

3. Permissions: what are you asked to sign?

• The only thing a trading bot needs on Hyperliquid is an API wallet approval. Some apps also ask for a capped builder fee.
• Your funds should stay in your own account. See what non-custodial means.
• After connecting, the bot's API wallet should appear on Hyperliquid's API page, where you can remove it.

Stop immediately if: you are asked for a seed phrase or private key, asked to deposit to the bot's address, or asked to sign a withdrawal or transfer during setup. Details in what permissions a Hyperliquid bot needs.

4. Fees: what is the full cost?

• What is the fee model: subscription, management fee, performance fee, a builder fee on every order, or a mix?
• For a performance fee: what profit is it based on (closed trades or account value, before or after trading costs), and do losses carry forward into later months, for example through a high-water mark?
• How and when is it collected? A non-custodial bot cannot take fees from your account, so you pay them yourself.
• Remember the costs that come on top: Hyperliquid trading fees and funding.

Warning sign: fees you can only find after connecting, or a published return that doesn't say whether it is before or after fees.

5. Risk: what is the worst case?

• What was the maximum drawdown, and how long did recovery take?
• Could you live with that drawdown in money, on the amount you plan to allocate?
• What happens to open positions if the bot goes offline?
• Does the provider talk openly about leverage, liquidation and funding? See the risks of a BTC perpetuals bot.

Warning sign: words like “guaranteed”, “risk-free” or “can't lose”. No honest trading product says them.

6. Control: can you see it and stop it?

• Can you see every trade, and do they match your Hyperliquid trade history?
• Can you set how much the bot trades with?
• Can you stop it at any time, from the app and by removing the API wallet on Hyperliquid?
• Is there a way to reach a person when something looks wrong?

The checklist on one page

How CryptoBoost answers the checklist

• Strategy: BTC perpetual futures (BTC-PERP) on Hyperliquid only.
• Permissions: an API wallet you approve; your funds stay in your own account.
• Fees: no subscription or management fee; 10% of the bot's monthly trading profit, calculated before Hyperliquid fees and funding. Each month is billed on its own, so a loss is not carried into the next month, and there is no fee in a month without profit. You pay the bill in USDC.
• Control: you set the allocation, see every trade in your dashboard, and can disconnect at any time.
• Track record and risk: about +22% APY net of fees since January 2024 on the homepage chart. Yield is variable and not guaranteed, and past performance is not a guarantee of future results.

Run the same checks on us as on anyone else.

Common questions