Guides
Learn
Pair trading holds one asset long and another short as a single position, so the outcome follows the difference between them rather than the direction of the market. These guides cover the mechanics of that, the measurements used to describe it, and the perpetual markets it is built on.
Concepts
What the terms mean, with worked examples from live markets.
Method
How the measurements behind a pair position are defined, and what they do and do not claim.
Markets
How the instruments on Hyperliquid are listed, quoted and funded.
Trade a pair on EzPairs
One long leg and one short leg, held as a single position on Hyperliquid perpetuals. Leverage means losses can exceed your deposit.