What the simulation keeps
Positions, orders, stops, targets, the journal: everything, as for real.
The simulation Learn on a simulation account
Learn on a simulation account
at real prices.
1,000 fake dollars, the real Hyperliquid prices, the same screens as real trading. Place orders, set stops and targets, let the pilot play a day: nothing you do here costs anything, and everything you learn carries over.
lpa paper statussimulation account · $1,002.17 · 2 positions ETH long 0.05 entry 2400 stop 2310 +$3.21 BTC long 0.0012 entry 62000 no stop -$0.84 5 resting ordersFees and funding are Hyperliquid’s.
What it does not do
No real money, no real fills: the prices are real, the dollars are not.
Switching to real
Your wallet, a signed mandate, a small first account.
What is real, and what is not
The simulation account fills on Hyperliquid's live book, with the real fees, charges the hourly funding of every position it holds, and is liquidated like a real cross-margin account. It needs no key and no wallet.
- A market order fills at the average price of the live book it walks.
- The fees are Hyperliquid's own, with the Locker fee always counted: the worst case.
- Every position held is charged the hourly funding.
- The account is liquidated like a real cross-margin account, at its marks.
What is not simulated
A resting limit order. In simulation, a limit must cross the book when it is placed, or nothing happens.
A first simulated order, in the application and in the terminal
In the application, the order ticket shows the quote, the worst accepted price, the fees in one total and the estimated liquidation before you confirm. In the terminal, the same order is three lines, and lpa paper status reads the account back.
lpa paper init --budget 1000lpa perps open --symbol BTC --side long --usd 100 --leverage 3 --paperLONG 0.00163 BTC at 3x (market) entry 61321.4 (mid 61300.0, worst accepted 61914.0) fees 0.095% ($0.0950)Simulated order filled.lpa paper status
The pilot in simulation
The daily pilot plays in simulation by default, with the same code a real day uses. Run it for a week, read each day with lpa pilot day, and go live only when nothing surprises you any more.
Then, for real
The same commands, without --paper, once your wallet has approved an agent key and you unlocked the guardian. Use an account that holds only what you are ready to lose.
Questions about the simulation
Does the simulation have a time limit?
No. It stays with every plan, with the included model, a personal key or a model on your computer.
Are the fees simulated?
Yes, the same as Hyperliquid's, with the service fee always counted, so the result shown is the one you would have had.
Can I have both, simulation and real?
Yes: two accounts in the application, one figure for each, never mixed.