Getting Started
Your First Swap

Your First Swap

Prerequisites

Before trading, ensure you have:

How to Swap

Step 1: Navigate to the App

Visit app.hx.finance (opens in a new tab)

Step 2: Select Tokens

From Token (selling):

  • Click the top dropdown
  • Select from available tokens
  • Common pairs: WHYPE/USDE, WHYPE/UETH

To Token (buying):

  • Click the bottom dropdown
  • Choose your target token
  • Only tradeable pairs are shown

Step 3: Enter Amount

You can specify either:

  • Amount to sell (top field)
  • Amount to buy (bottom field)

The corresponding amount is calculated automatically.

Step 4: Review Trade Details

Check these important metrics:

Exchange Rate Current price ratio between tokens (e.g., 1 WHYPE = 50.25 USDE)

Price Impact

  • < 0.1% - Minimal impact (green)
  • 0.1-1% - Acceptable (yellow)
  • 1-3% - Consider smaller trades (orange)

  • 3% - High impact, split your trade (red)

Network Fee Typically less than $0.01 on Hyperliquid

Step 5: Settings (Optional)

Click the gear icon to adjust:

  • Slippage Tolerance: Max price change allowed (default: 0.5%)

Step 6: Execute Swap

  1. Click the "Swap" button
  2. Review transaction details in the confirmation window
  3. Click "Confirm Swap"

Step 7: Wallet Confirmation

Your wallet will prompt you to:

  • Review transaction details
  • Check gas fee estimate
  • Click "Confirm" to execute

Step 8: Transaction Complete

After confirmation:

  • Transaction processes on-chain
  • New tokens appear in your wallet
  • Points are automatically credited

Example Trade

Swapping 10 WHYPE for USDE:

Input: 10 WHYPE
Rate: 1 WHYPE = 50 USDE
Output: ~500 USDE
Price impact: 0.05%
Network fee: ~$0.005
Points earned: 5

Trading Tips

Start Small Practice with smaller amounts to understand the interface.

Monitor Price Impact Keep impact under 1% for optimal rates. Split large trades if needed.

Points Accumulation Every dollar traded earns 0.01 points towards your token allocation.

Low Gas Costs Hyperliquid's efficient infrastructure keeps transaction costs minimal.

Common Issues

"Insufficient Balance"

  • Verify token balance including gas
  • Note: HYPE and WHYPE are different tokens

"Price Impact Too High"

  • Trade size exceeds available liquidity
  • Solution: Reduce trade amount

"Transaction Failed"

  • Often due to insufficient slippage tolerance
  • Increase to 1% and retry

Next Steps

After your first swap:

Get HYPE & WHYPEHow to Swap