Delta-neutral

A delta-neutral pair is a long on one venue and a short on the same token on another. You hold no price direction and collect the funding difference between the two venues. You need two linked venues.

Switch the wallet with 🔁 Switch to DN, or open /deltaneutral.

Open a pair

1. Tap ➕ New pair.
2. Pick the long venue and the short venue, or a top-APR symbol from the list. HIP-3 markets on Hyperliquid are available through the HIP-3 button.
3. Enter the leverage, or tap ⚡ Max Leverage.
4. Enter the size. The screen shows the free margin on both venues.
5. Choose the entry: ⚡ Taker — 1x (one market order per leg) or 📊 Taker — TWAP (several timed tranches).
6. Optionally set stops and the funding auto-close, then 🚀 Open pair.

Manage a pair

📊 Open pairs lists your pairs. Open one to see its details and use:

Button	Effect
🎯 TP/SL	Take-profit and stop-loss on both legs, as a price, a % move per leg, or a $ PnL per leg
🛡 Auto-close	Close the pair when funding turns against it
💰 Cost cap	Limit what the funding-turn close may cost; 🗑 Remove cap clears it
❌ Close	Close both legs after a confirmation that shows the expected PnL

Caution

Every pair is a real position on both venues. If one venue is unreachable, the bot tells you instead of guessing the state.