Your first trade
Open your first long or short on Prow. Pick a market on Trade, set the size, check leverage, add TP/SL if you want, look at the fees and liquidation price, and confirm.
On this page
You need a connected venue with funds in it. If you have not done that, see Connect Hyperliquid and Deposit funds.
Open a trade
Open Trade and pick a market
Tap Trade in the sidebar (on a phone, in the tab bar). Tap the market name at the top, for example BTC-PERP, to open the market list, or press ⌘ K (Ctrl K). Search and tap a coin.
Open the ticket
On a computer the ticket is on the right. On a phone, tap Long or Short at the bottom of the screen: the ticket opens as a sheet.
Check the venue
The top row of the ticket is the venue the order goes to. Prow picks the one with the best average price for your size and marks it Best price. Tap the row to pick another venue.
Pick Long or Short, then the order type
Long profits when the price goes up. Short profits when it goes down. Then pick Market, Limit or Stop.
Set the size
Type the size in USD, or tap the unit to type it in coins. Or drag the slider: it sets the size as a share of the max position you can open.
Check leverage
Leverage and margin mode are the two chips next to the market name, for example 10x and Cross. Tap one to change it.
Add TP/SL (optional)
Tick Take profit and stop loss and type your prices. They close the position for you at your price.
Check and confirm
Check Margin, Liq. price and Fees above the button. Tap the button, for example Long BTC. In Review order, tap Confirm Long.
The ticket
There is one ticket on every screen size, with the same fields on a phone and a computer.
| Part | What it does |
|---|---|
| Venue | Where the order goes. Best price marks the venue with the best average price for this size. The list also shows Best price, automatic, each venue's average price and what you have there. |
| Long / Short | The side of the order. |
| Market / Limit / Stop | Order type. Stop adds a second switch: Stop market or Stop limit. See Order types. |
| Size | In USD or in coins. The line under it shows the other unit. |
| Slider | The size as a share of the max position at your leverage. |
| Take profit and stop loss | Adds a TP and an SL to the order. |
| Post only, never fill at once | Limit orders only. The order waits on the book and pays the maker fee. |
| Only reduce my Long (or Short) | Shows only when this order would reduce a position you hold. With it on, the order can never open a new position or flip it. |
Before you type a size, the ticket shows Max position: the largest position your balance allows at this leverage. Once you type one, it shows what the order does:
| Line | Meaning |
|---|---|
| Order value | Full size of the order in USD. |
| Adds to your Long, Reduces your Long, Closes your Long | Shows instead of Order value when you already hold a position here, with the size before and after. |
| Margin | What the order takes from your balance, at your leverage. |
| Liq. price | Estimated liquidation price after the fill. A dash means Prow could not estimate it. |
| Fees | Venue fee plus the Prow fee. Hover or tap Fees to see each one. |
When TP/SL is on for a market order on Hyperliquid, you pick what it covers:
- This order. TP/SL covers only the size of this order.
- Whole position. TP/SL covers your entire position in this market, including anything you add later.
Leverage and margin mode
The chips next to the market name show the leverage and margin mode for this market on the ticket's venue.
- Tap the leverage chip to open Leverage for BTC-PERP. Higher leverage means a closer liquidation price.
- Tap Cross or Isolated to open Margin mode.
See Leverage and margin.
Fees and liquidation price
Before you confirm, look at two numbers:
- Fees. The venue fee goes to Hyperliquid, Aster or Lighter. The Prow fee is 0% until Dec 31, 2026, then 0.025%. See Fees.
- Liq. price. If the market reaches it, the venue closes your position and you lose the margin. Lower leverage moves it further away.
Review order
The Review order window shows the whole order in one line, then Margin, Est. liq. price, Fees and your TP/SL. A market order also shows Worst price and Max slippage (0.1%, 0.5% or 1%). Tap Confirm Long (or Confirm Short) to send it.
Tick Don't show this again to skip the window next time. Turn it back on with Confirm before placing in Settings > Trading.
When the button says something else
The big button says what is missing before the order can go:
| Button | What to do |
|---|---|
| Connect a venue | Connect the venue first. Your order stays filled in. |
| Turn on trading | This device has no trading key for the venue. One signature in your wallet adds it. |
| Renew trading key | The key expired. One signature makes a new one. |
| Deposit to trade | The account on this venue is empty. Add funds first. |
| Approve Prow fee | One signature approves the Prow fee, then the order is ready. |
| Use max $1,240 (your max) | The size is over what your balance allows. Tap to use the max. |
| Enter an amount, Amount is too small, Check TP/SL, Check the trigger price | Fix the field shown in red. |
Connect Hyperliquid shows instead of Connect a venue when the Prow wallet is your only wallet and nothing is connected. It opens Connect Hyperliquid, the venue to start on with a Prow wallet. Your order stays filled in.
Find your position
After the fill, your position shows in two places:
- Trade, in the panel under the chart: Positions, Open orders and History. On a phone, positions show as cards under the chart.
- Portfolio, in the positions card with all your venues.
Tap a position to open it: there you can add or change TP/SL, add margin or close it.
Next
Last updated