Your first trade

This page walks through placing your first HIP-4 order on Hedgepit. The whole flow is five minutes the first time; subsequent trades are one click.

1. Connect a wallet#

Open hedgepit.com and click Connect. Pick your wallet from the ConnectKit dialog. The default network is HyperEVM mainnet (chain id 999); the dialog will prompt your wallet to switch if you're on the wrong chain.

2. Fund your HyperCore account#

Outcome markets clear on HyperCore (Hyperliquid's L1), not HyperEVM. You need USDC sitting on the L1 side, not in your EVM wallet.

• If this is your first deposit, you must send more than 1 USDC — Hyperliquid charges a 1 USDC account-creation fee, and deposits at or below that amount silently fail.
• USDC deposits via Hedgepit go to the perps / unified balance by default; the trading panel will route automatically.

See Bridging for the full HyperEVM ↔ HyperCore mechanics, including non-USDC tokens and withdrawal paths.

3. Approve an agent (one-time)#

The first time you place an order, you'll be asked to sign two transactions:

1. Approve agent. Hedgepit generates a local keypair in your browser and asks your master wallet to authorise it via approveAgent. The agent signs subsequent L1 actions (orders, cancels, leverage changes) without a wallet popup.
2. Approve builder fee. Hedgepit charges a builder fee on close / settle (zero fee on opens). This signature authorises that fee up to a published ceiling.

Both signatures go through your master wallet's normal signing flow. The agent keypair never leaves your browser.

4. Place the order#

Pick a market, set a side (YES / NO) and a size, and submit.

• The minimum size is computed live from the current mid: size × min(mid, 1 − mid) ≥ 10 USDH. The submit CTA disables until you clear it.
• The size slider's 100% snaps to the lesser of your free margin and the book depth at touch (cumulative ask-side size within the IoC slip ceiling — mid + 2¢). Typing past depth surfaces an inline warning but doesn't block submit.
• The cost stack in the right rail shows everything you're paying: outcome premium (mid + max-fill), builder fee on open / close, HL perp taker (if a perp leg is staged), and a predicted-funding estimate over the settlement window. The same total is deducted from "Max loss after hedge" so the headline number includes fees.
• Opens are zero fees on outcome legs. Closes and settles charge the builder fee in the pair's fee token (USDH for the BTC binary).
• If the book is thin, your order can be partially filled — the positions panel will show the actual fill.

That's it. From here, the hedge workstation page covers the chart, the rail, and multi-leg construction in depth.