Hyperliquid minimum order size and DEX minimum trade size comparison: a small coin at the minimum threshold

Hyperliquid’s minimum order size is $10 of notional value per perp order, on every market. Spot orders need at least 10 USDC, a TWAP needs $100 in total, and the minimum USDC deposit is 5 USDC. An order below the floor is rejected with “Order must have minimum value of $10.” In coins that is 0.00013 BTC at current prices, not 0.001 BTC. Lighter also uses $10 on every market; Aster uses 5 USDT, but BTC needs at least 0.001 BTC (about $77.38); edgeX starts at 0.001 BTC (about $77).

Quick answers.
Hyperliquid: $10 per perp order · 10 USDC per spot order · TWAP $100 total, $10 per suborder · deposit 5 USDC · withdrawal 0.2 USDC plus a tiny HyperEVM gas fee, minimum withdrawal 0.4 USDC.
Lighter: $10 on all 213 perps · deposit $5 ($3 top-ups) · 0% fees on Standard.
Aster: 5 USDT on all 596 perps; BTC 0.001 BTC ≈ $77.38.
edgeX: 0.001 BTC · 0.03 ETH · 0.5 SOL · deposit 10 USDC.
Dollar values at Hyperliquid mark prices of November 3, 2026.

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1. Hyperliquid minimum order size by pair

Hyperliquid applies one rule to all 179 of its perp markets (as of November 3, 2026): an order must be worth at least $10. What differs by pair is the size step, set by the asset’s szDecimals: sizes are rounded to that many decimals. The smallest valid order is therefore the first size step that is worth $10 or more at the current price, and its value is often a little above $10. The table works it out for every perp at the mark prices of November 3, 2026, 12:27 UTC, refreshed every time this site rebuilds: the 30 most traded first, the rest below.

Smallest Hyperliquid perp order per market, 30 most traded (November 3, 2026, 12:27 UTC)
PairSize step (szDecimals)Mark priceSmallest orderIts valueMax leverageMargin at max leverage
BTC0.00001 (5)$77,3750.00013$10.0640x$0.25
ETH0.0001 (4)$2,2820.0044$10.0425x$0.40
HYPE0.01 (2)$84.6440.12$10.1610x$1.02
ZEC0.01 (2)$1,197.70.01$11.9810x$1.20
SOL0.01 (2)$93.220.11$10.2520x$0.51
NEAR0.1 (1)$3.91422.6$10.1810x$1.02
XRP1 (0)$1.28268$10.2620x$0.51
XMR0.001 (3)$624.9050.017$10.625x$2.12
PUMP1 (0)$0.0042192,371$10.0010x$1.00
WLD0.1 (1)$0.378226.5$10.0210x$1.00
XPL1 (0)$0.06496154$10.0010x$1.00
kPEPE1 (0)$0.0048362,068$10.0010x$1.00
ENA1 (0)$0.17358$10.0310x$1.00
LIT1 (0)$3.16164$12.655x$2.53
UNI0.1 (1)$7.27881.4$10.1910x$1.02
BNB0.001 (3)$701.050.015$10.5210x$1.05
AAVE0.01 (2)$129.010.08$10.3210x$1.03
SUI0.1 (1)$0.89611.2$10.0310x$1.00
VVV0.01 (2)$21.9530.46$10.103x$3.37
LINK0.1 (1)$11.2680.9$10.1410x$1.01
PONS1 (0)$0.202450$10.123x$3.37
ZRO0.1 (1)$1.79745.6$10.075x$2.01
DOGE1 (0)$0.0752133$10.0010x$1.00
TAO0.001 (3)$226.530.045$10.195x$2.04
ARB0.1 (1)$0.161961.8$10.0010x$1.00
CASHCAT1 (0)$0.108593$10.093x$3.36
AVAX0.01 (2)$8.66761.16$10.0510x$1.01
ONDO1 (0)$0.391126$10.1710x$1.02
STRK0.1 (1)$0.04383228.2$10.005x$2.00
RUNE0.1 (1)$0.580617.3$10.045x$2.01
All other Hyperliquid perps, A–Z (149 markets)
PairSize step (szDecimals)Mark priceSmallest orderIts valueMax leverageMargin at max leverage
0G1 (0)$0.153766$10.153x$3.38
2Z1 (0)$0.02294436$10.003x$3.33
ACE0.01 (2)$0.132175.71$10.003x$3.33
ADA1 (0)$0.191353$10.1410x$1.01
AERO1 (0)$0.613417$10.433x$3.48
AIXBT1 (0)$0.01615620$10.013x$3.34
ALGO1 (0)$0.09355107$10.015x$2.00
ALT1 (0)$0.0057271,747$10.013x$3.34
ANIME1 (0)$0.0026923,715$10.003x$3.33
APE0.1 (1)$0.110790.4$10.015x$2.00
APEX1 (0)$0.204849$10.043x$3.35
APT0.01 (2)$0.623316.05$10.0010x$1.00
AR0.01 (2)$3.14873.18$10.015x$2.00
ASTER1 (0)$0.702315$10.535x$2.11
ATOM0.01 (2)$1.4416.94$10.005x$2.00
AVNT1 (0)$0.08849114$10.095x$2.02
AXS0.1 (1)$0.840711.9$10.005x$2.00
AZTEC1 (0)$0.0144695$10.013x$3.34
BABY1 (0)$0.01173853$10.003x$3.33
BANANA0.1 (1)$3.11353.3$10.273x$3.42
BCH0.001 (3)$278.1960.036$10.0210x$1.00
BERA0.1 (1)$0.13375.2$10.005x$2.00
BIGTIME1 (0)$0.006741,484$10.003x$3.33
BIO1 (0)$0.02107475$10.013x$3.34
BLUR1 (0)$0.0075651,322$10.003x$3.33
BOME1 (0)$0.00061316,314$10.003x$3.33
BRETT1 (0)$0.0042362,361$10.003x$3.33
BSV0.01 (2)$16.9450.60$10.173x$3.39
CAKE0.1 (1)$1.86735.4$10.083x$3.36
CC1 (0)$0.09667104$10.053x$3.35
CELO1 (0)$0.07257138$10.013x$3.34
CFX1 (0)$0.04634216$10.015x$2.00
CHIP1 (0)$0.04168240$10.003x$3.33
COMP0.01 (2)$20.0750.50$10.045x$2.01
CRV0.1 (1)$0.263638.0$10.0210x$1.00
DASH0.01 (2)$46.44310.22$10.225x$2.04
DOT0.1 (1)$0.948610.6$10.0510x$1.01
DYDX0.1 (1)$0.102797.4$10.015x$2.00
DYM0.1 (1)$0.01517659.2$10.003x$3.33
EIGEN0.01 (2)$0.183754.44$10.005x$2.00
ENS0.01 (2)$4.86642.06$10.025x$2.00
ETC0.01 (2)$7.03751.43$10.065x$2.01
ETHFI0.1 (1)$0.589917.0$10.035x$2.01
FARTCOIN0.1 (1)$0.118284.7$10.0110x$1.00
FET1 (0)$0.156165$10.155x$2.03
FIL0.1 (1)$0.875911.5$10.075x$2.01
FOGO1 (0)$0.0023674,225$10.003x$3.33
GALA1 (0)$0.0016845,939$10.003x$3.33
GAS0.1 (1)$1.15438.7$10.043x$3.35
GMT1 (0)$0.0063871,566$10.003x$3.33
GMX0.01 (2)$8.35251.20$10.023x$3.34
GOAT1 (0)$0.01383723$10.003x$3.33
GRAM1 (0)$1.15359$10.385x$2.08
GRASS0.1 (1)$0.579517.3$10.033x$3.34
GRIFFAIN1 (0)$0.01169856$10.013x$3.34
HBAR1 (0)$0.07045142$10.005x$2.00
HEMI1 (0)$0.0046932,131$10.003x$3.33
HMSTR1 (0)$0.00013772,993$10.003x$3.33
HYPER1 (0)$0.05928169$10.023x$3.34
ICP0.1 (1)$2.49154.1$10.225x$2.04
IMX0.1 (1)$0.120982.7$10.005x$2.00
INIT1 (0)$0.128578$10.033x$3.34
INJ0.1 (1)$7.36481.4$10.315x$2.06
IO0.1 (1)$0.124980.1$10.003x$3.33
IOTA1 (0)$0.03932255$10.033x$3.34
JTO1 (0)$0.352329$10.225x$2.04
JUP1 (0)$0.247841$10.1610x$1.02
KAITO1 (0)$0.235843$10.145x$2.03
KAS1 (0)$0.03103323$10.023x$3.34
kBONK1 (0)$0.0028243,542$10.0010x$1.00
kFLOKI1 (0)$0.02267442$10.025x$2.00
kLUNC1 (0)$0.04148242$10.043x$3.35
kNEIRO0.1 (1)$0.06203161.3$10.013x$3.34
kSHIB1 (0)$0.0046252,163$10.0010x$1.00
LAYER1 (0)$0.05773174$10.043x$3.35
LDO0.1 (1)$0.334330.0$10.035x$2.01
LINEA1 (0)$0.0023354,283$10.003x$3.33
LTC0.01 (2)$54.5750.19$10.3710x$1.04
MANTA0.1 (1)$0.05762173.6$10.003x$3.33
ME0.1 (1)$0.05154194.1$10.003x$3.33
MEGA1 (0)$0.04425227$10.043x$3.35
MELANIA0.1 (1)$0.07586131.9$10.013x$3.34
MEME1 (0)$0.0004323,256$10.003x$3.33
MERL1 (0)$0.02918343$10.013x$3.34
MET1 (0)$0.271937$10.063x$3.35
MINA1 (0)$0.056179$10.023x$3.34
MNT0.1 (1)$0.474221.1$10.005x$2.00
MON1 (0)$0.01737576$10.005x$2.00
MOODENG1 (0)$0.03486287$10.003x$3.33
MORPHO0.1 (1)$2.126414.8$10.215x$2.04
MOVE1 (0)$0.0061851,617$10.003x$3.33
NEO0.01 (2)$1.9715.08$10.015x$2.00
NIL1 (0)$0.06424156$10.023x$3.34
NOT1 (0)$0.00034528,986$10.003x$3.33
NXPC1 (0)$0.165761$10.113x$3.37
OP0.1 (1)$0.112588.9$10.005x$2.00
ORDI0.01 (2)$3.44782.91$10.033x$3.34
PAXG0.001 (3)$3,920.90.003$11.7610x$1.18
PENDLE1 (0)$1.76896$10.615x$2.12
PENGU1 (0)$0.007041,421$10.005x$2.00
PEOPLE1 (0)$0.0065431,529$10.003x$3.33
PNUT0.1 (1)$0.03926254.8$10.003x$3.33
POL1 (0)$0.08817114$10.055x$2.01
POLYX1 (0)$0.03173316$10.033x$3.34
POPCAT1 (0)$0.0397252$10.003x$3.33
PROVE1 (0)$0.191453$10.153x$3.38
PURR1 (0)$0.11587$10.013x$3.34
PYTH1 (0)$0.06383157$10.025x$2.00
RENDER0.1 (1)$1.52026.6$10.035x$2.01
RESOLV1 (0)$0.01492671$10.013x$3.34
REZ1 (0)$0.0038742,582$10.003x$3.33
RSR1 (0)$0.0014316,989$10.003x$3.33
S1 (0)$0.0388258$10.015x$2.00
SAGA0.1 (1)$0.01678596.0$10.003x$3.33
SAND1 (0)$0.04533221$10.025x$2.00
SEI1 (0)$0.04803209$10.045x$2.01
SKR1 (0)$0.01246803$10.003x$3.33
SKY1 (0)$0.06558153$10.033x$3.34
SNX0.1 (1)$0.176656.7$10.023x$3.34
SOPH1 (0)$0.0014726,794$10.003x$3.33
SPX0.1 (1)$0.35828.0$10.025x$2.00
STABLE1 (0)$0.02718368$10.003x$3.33
STBL1 (0)$0.0244410$10.003x$3.33
STX0.1 (1)$0.331630.2$10.015x$2.00
SUPER1 (0)$0.167960$10.073x$3.36
SUSHI0.1 (1)$0.191952.2$10.023x$3.34
SYRUP1 (0)$0.159163$10.023x$3.34
TIA0.1 (1)$0.447222.4$10.025x$2.00
TNSR0.1 (1)$0.02731366.2$10.003x$3.33
TRB0.01 (2)$16.2550.62$10.083x$3.36
TRUMP0.1 (1)$1.603066.3$10.1010x$1.01
TRX1 (0)$0.322332$10.3110x$1.03
TURBO1 (0)$0.0007712,988$10.003x$3.33
UMA0.1 (1)$0.343929.1$10.013x$3.34
USELESS1 (0)$0.127379$10.063x$3.35
USUAL0.1 (1)$0.01026974.7$10.003x$3.33
VIRTUAL0.1 (1)$0.5917.0$10.035x$2.01
W0.1 (1)$0.01108902.6$10.005x$2.00
WCT1 (0)$0.03323301$10.003x$3.33
WIF1 (0)$0.173258$10.055x$2.01
WLFI1 (0)$0.05182193$10.005x$2.00
XAI0.1 (1)$0.006771,477.2$10.003x$3.33
XLM1 (0)$0.165561$10.105x$2.02
XTEN1 (0)$0.223345$10.053x$3.35
YGG1 (0)$0.02423413$10.013x$3.34
ZEN0.01 (2)$5.18011.94$10.055x$2.01
ZETA0.1 (1)$0.03594278.3$10.003x$3.33
ZK1 (0)$0.01039963$10.005x$2.00
ZORA1 (0)$0.005571,796$10.003x$3.33
HIP-3 markets: 167 live markets on 4 builder dexs (stocks, indices, commodities, pre-IPO)
Smallest order per HIP-3 market, most traded first (November 3, 2026, 12:27 UTC)
MarketSize stepMark priceSmallest orderIts valueMax leverage
xyz:CL0.001$97.2070.103$10.0120x
xyz:BRENTOIL0.01$105.060.10$10.5120x
xyz:XYZ1000.0001$28,0890.0004$11.2430x
xyz:SP5000.001$7,535.80.002$15.0750x
xyz:SKHX0.001$1,061.30.010$10.6110x
xyz:SNDK0.001$1,120.40.009$10.0810x
xyz:SOXL0.01$73.6510.14$10.3110x
xyz:SILVER0.01$49.2010.21$10.3325x
xyz:AAPL0.001$324.930.031$10.0720x
xyz:MU0.001$859.940.012$10.3210x
xyz:NVDA0.001$205.330.049$10.0620x
xyz:DRAM0.1$47.5940.3$14.2820x
xyz:INTC0.01$61.70.17$10.4910x
xyz:SKHY0.01$151.170.07$10.5810x
xyz:GOOGL0.001$280.360.036$10.0920x
xyz:SPCX0.01$137.310.08$10.9820x
xyz:CRCL0.001$72.7920.138$10.0510x
xyz:GOLD0.0001$3,915.20.0026$10.1825x
xyz:KORU0.1$10.9581.0$10.9610x
xyz:TSLA0.001$403.60.025$10.0920x
xyz:SMSN0.001$165.990.061$10.1310x
xyz:LITE0.001$695.830.015$10.4410x
xyz:PLTR0.001$164.930.061$10.0610x
xyz:EWY0.001$154.70.065$10.0620x
xyz:AMD0.001$480.120.021$10.0810x
xyz:NBIS0.01$144.690.07$10.1310x
xyz:ORCL0.001$117.110.086$10.0710x
xyz:AMZN0.001$246.360.041$10.1020x
io:ANTH0.001$1,824.50.006$10.9515x
xyz:META0.001$608.840.017$10.3520x
xyz:MRVL0.01$175.380.06$10.5210x
xyz:CRWV0.01$51.2870.20$10.2610x
xyz:MSFT0.001$504.20.020$10.0820x
xyz:UNITREE0.01$93.2880.11$10.2610x
io:SNDK0.0001$1,118.70.0090$10.0715x
xyz:CBRS0.01$97.7370.11$10.7510x
xyz:MSTR0.001$132.090.076$10.0410x
xyz:CXMT0.1$5.89451.7$10.0210x
xyz:ANT0.01$113.350.09$10.2010x
xyz:COIN0.001$139.080.072$10.0110x
xyz:SNXX0.1$6.38131.6$10.2110x
xyz:MRNA0.01$221.380.05$11.0710x
xyz:NATGAS0.1$2.88883.5$10.1110x
xyz:KIOXIA0.001$69.4530.144$10.0010x
xyz:HOOD0.001$84.680.119$10.0810x
xyz:PURRDAT1$9.8752$19.7510x
xyz:RKLB0.01$52.9370.19$10.0610x
xyz:BE0.01$208.440.05$10.4210x
xyz:COPPER0.01$6.38251.57$10.0220x
xyz:ZHIPU0.001$57.4380.175$10.0510x
xyz:AAOI0.01$64.4680.16$10.3110x
xyz:DELL0.01$399.980.03$12.0010x
xyz:ARM0.01$202.620.05$10.1310x
xyz:BB0.1$8.04581.3$10.4610x
xyz:BABA0.001$102.140.098$10.0110x
xyz:IREN0.1$22.5910.5$11.3010x
io:NVDA0.001$205.270.049$10.0625x
xyz:MINIMAX0.01$19.9210.51$10.1610x
xyz:TSM0.001$402.880.025$10.0710x
xyz:NFLX0.001$62.3950.161$10.0510x
io:DRAM0.01$47.5550.22$10.4625x
xyz:JPY0.01$158.140.07$11.0750x
xyz:NET0.01$273.250.04$10.9310x
xyz:AVGO0.01$328.280.04$13.1310x
xyz:EWZ0.01$31.8690.32$10.2020x
xyz:HIMS0.01$25.30.40$10.1210x
xyz:LLY0.0001$1,394.80.0072$10.0410x
xyz:NOW0.01$104.140.10$10.4110x
xyz:EUR0.1$1.11859.0$10.0750x
xyz:PLATINUM0.0001$1,430.60.0070$10.0120x
xyz:WDC0.001$348.230.029$10.1010x
xyz:RIVN0.01$13.2230.76$10.0510x
io:NBIS0.01$144.650.07$10.1315x
xyz:TLT0.01$81.420.13$10.5820x
xyz:JP2250.00001$62,7830.00016$10.0520x
io:PRL0.1$1.38077.3$10.083x
xyz:STRC0.1$99.30.2$19.8610x
xyz:GIGADEV0.01$38.2020.27$10.3110x
xyz:BX0.01$119.650.09$10.7710x
xyz:JIO0.1$15.0650.7$10.5510x
io:OAI0.001$1,4060.008$11.256x
xyz:ASML0.001$1,5640.007$10.9510x
xyz:CRWD0.01$244.280.05$12.2110x
xyz:PALLADIUM0.0001$948.020.0106$10.0520x
xyz:GME0.01$24.1280.42$10.1310x
xyz:AMAT0.001$387.030.026$10.0610x
xyz:SMH0.001$519.330.020$10.3920x
para:TOTAL20.001$1,022.850.010$10.2320x
xyz:QCOM0.01$164.440.07$11.5110x
xyz:USAR0.01$8.93371.12$10.0110x
xyz:HYUNDAI0.001$208.360.048$10.0010x
xyz:BOT0.01$21.9430.46$10.0910x
xyz:KSTR0.01$16.730.60$10.0410x
xyz:RDDT0.01$91.0510.11$10.0210x
para:UNITREE0.01$93.44290.11$10.2810x
xyz:EWJ0.001$92.750.108$10.0220x
xyz:IBM0.01$248.090.05$12.4010x
para:CIFR0.01$7.05511.42$10.0210x
io:EWY0.01$154.60.07$10.8225x
xyz:QNT0.01$31.650.32$10.1310x
io:GPRO0.1$1.02379.8$10.035x
xyz:KR2000.0001$898.850.0112$10.0720x
xyz:HO1$4.55823$13.6710x
xyz:LYTE0.01$15.650.64$10.0210x
xyz:SHAZ0.01$21.240.48$10.2010x
xyz:BMNR0.01$19.9680.51$10.1810x
para:CRDO0.01$143.4150.07$10.0410x
xyz:NOK0.01$8.49381.18$10.0210x
para:ANSEM1$0.04033248$10.003x
xyz:SHEIN0.1$4.61352.2$10.1510x
para:COHR0.01$204.6050.05$10.2310x
xyz:URNM0.01$41.4450.25$10.3610x
xyz:DKNG0.01$21.5370.47$10.1210x
xyz:COST0.0001$1,035.40.0097$10.0420x
xyz:NIFTY0.0001$23,5040.0005$11.7520x
para:10Y0.1$4.9582.1$10.4120x
xyz:EWT0.01$97.9290.11$10.7720x
xyz:XLE0.01$67.8040.15$10.1720x
xyz:SOFTBANK0.001$26.9820.371$10.0110x
xyz:XBI0.01$152.130.07$10.6510x
xyz:MAGS0.01$67.9750.15$10.2010x
xyz:GEV0.001$878.020.012$10.5410x
xyz:ZM0.001$91.2410.110$10.0410x
io:AAPL0.001$3250.031$10.0825x
para:IREN0.01$22.570.45$10.1610x
para:GDX0.01$77.940.13$10.1310x
xyz:EBAY0.01$120.770.09$10.8710x
para:TTWO0.01$193.530.06$11.6110x
para:SMH0.001$519.7710.020$10.4010x
mkts:BVIV0.01$42.1950.24$10.135x
io:IONQ0.01$28.5610.36$10.2810x
xyz:NCLD0.01$14.3430.70$10.0410x
xyz:GLW0.01$125.780.08$10.0610x
xyz:BIRD0.1$1.74685.8$10.1310x
para:VST0.01$136.140.08$10.8910x
xyz:RELIANCE0.1$14.040.8$11.2310x
para:AAOI0.01$64.430.16$10.3110x
xyz:LRCX0.01$236.260.05$11.8110x
para:SOFI0.01$16.67440.60$10.0010x
xyz:GBP1$1.3418$10.7350x
xyz:UMC0.1$16.0180.7$11.2110x
io:TCNT0.001$50.7410.198$10.0510x
io:XIAOMI0.01$3.66182.74$10.0310x
xyz:TWST0.01$130.180.08$10.4110x
para:2Y0.1$4.63892.2$10.2120x
para:OTHERS0.01$193.0440.06$11.5810x
para:MELI0.001$1,680.580.006$10.0810x
xyz:CVX0.01$229.070.05$11.4510x
para:SMCI0.01$31.11880.33$10.2710x
para:TER0.01$268.580.04$10.7410x
para:STX0.001$608.750.017$10.3510x
para:DRV1$0.302934$10.305x
para:CIEN0.01$290.0340.04$11.6010x
para:TREAD1$0.820513$10.675x
para:NET0.01$273.250.04$10.9310x
para:CRWD0.01$244.320.05$12.2210x
xyz:ICE0.01$172.060.06$10.3210x
para:RDDT0.01$90.94220.11$10.0010x
para:ANTH0.001$112.790.089$10.0410x
xyz:CAMBRICON0.01$114.220.09$10.2810x
para:BTCD0.1$60.27940.2$12.0620x
para:AVGO0.01$327.960.04$13.1210x
para:LRCX0.01$236.30.05$11.8210x
para:GLW0.01$125.7750.08$10.0610x
para:30Y0.1$5.30611.9$10.0820x
para:IGV0.01$100.440.10$10.0410x
xyz:OURA0.1$48.310.3$14.495x

Our calculation: smallest order = $10 ÷ mark price, rounded up to szDecimals decimals; its value = that size × mark price; margin = value ÷ maximum leverage (Hyperliquid’s margining docs). Size steps, prices and leverage from Hyperliquid’s info API (metaAndAssetCtxs, core and HIP-3 dexs) at November 3, 2026, 12:27 UTC. Find a pair with your browser’s find (Ctrl/Cmd + F).

Starting small? Every market above opens from $10 with a 5 USDC minimum deposit. Open Hyperliquid with code HOLYGRAIL first → (4% off your fees; the code cannot be added after $10,000 of volume).

Two things follow. First, the dollar rule always binds on Hyperliquid: there is no minimum quantity, only a size step, so the smallest order is the first step at or above $10. Rounding up still pushes 7 of the 179 perps at least 5% above $10; the largest gap is LIT at $12.65 (all outliers). Lists that give “0.001 BTC” or “0.01 ETH” as Hyperliquid’s minimum overstate it several times over: 0.001 BTC is about $77.38 and 0.01 ETH about $22.82. Second, leverage lowers the margin, not the minimum: at 40x, a $10 BTC order ties up about $0.25, but it is still a $10 order.

HIP-3 markets (stocks, commodities and indices deployed by builders, such as trade.xyz) run on the same HyperCore order books, so they follow the same rules with their own size steps and leverage caps. Example from this build: xyz:NVDA has a size step of 0.001 (szDecimals 3) and 20x maximum leverage; at $205.33, the smallest order that clears $10 is 0.049 NVDA ($10.06), needing about $0.50 of margin at 20x. See trade.xyz stock perps.

Hyperliquid BTC-USDC order form with the Size field in BTC, Reduce Only option, Order Value and Margin Required
The BTC-USDC order form (September 19, 2026). You type the size in BTC or in USDC; Order Value and Margin Required below the button show whether the order clears $10 and what it will tie up.

2. Spot, TWAP, scale orders and the exact error messages

  • Perps: every order must be worth at least $10. Too small, and the API returns MinTradeNtl: “Order must have minimum value of $10.”
  • Spot: at least 10 units of the quote token, 10 USDC on USDC pairs. The error is MinTradeSpotNtl: “Order must have minimum value of 10 {quote_token}.”
  • Limit and trigger orders: the value is size × the order’s own price. A limit buy far below the market needs more coins to reach $10 than a market order does.
  • TWAP: at least $100 in total, and each suborder must still be worth at least $10 (Hyperliquid announcement, “TWAP order improvements”). So a $100 TWAP can be cut into at most 10 suborders; larger orders or longer running times get more. Running time is 5 minutes to 7 days. See Hyperliquid TWAP and iceberg orders.
  • Scale orders: a scale order places several limit orders across a price range, and each one is an ordinary order that must clear $10. Five rungs therefore need at least $50; ten rungs, $100.
  • Positions under $10: the official error list has no exception for closing a position smaller than $10. Third-party developer guides say a reduce-only order that closes the entire position is accepted; we could not confirm it in Hyperliquid’s docs, so avoid partial closes that leave a remainder under $10. See partial closes and scaling out.
  • Price ticks: prices can have up to 5 significant figures (so $1 steps on BTC near its current price, $0.1 on ETH). A price with too many digits is rejected, not rounded.
  • Spot dust: spot balances below one lot and worth $1 or less are swept daily at 00:00 UTC unless you opt out.

Full list of order types: Hyperliquid order types explained.

3. How to check any pair’s minimum

In the app: open the market, switch the size unit to USDC in the order form and type 10. The Order Value line shows the notional; if you type a coin amount instead, the form rounds it to the pair’s size step.

From the API: send POST https://api.hyperliquid.xyz/info with the body {"type":"meta"}. Each asset in universe has a szDecimals and a maxLeverage. The smallest valid size is 10 ÷ price, rounded up to szDecimals decimals. For HIP-3 markets add the dex name, for example {"type":"meta","dex":"xyz"}. More in our Hyperliquid API guide.

In code: round the size up to szDecimals so the order clears the floor, and round the price to at most 5 significant figures and 6 − szDecimals decimals (integer prices are always accepted). A price with too many digits is rejected, not rounded, so do it before you sign:

// Hyperliquid order rounding (docs: tick-and-lot-size). minUsd = 10, 5 significant figures, MAX_DECIMALS = 6 for perps
const roundSize = (sz, szDecimals) => Number(sz.toFixed(szDecimals));
const minSize = (px, szDecimals, minUsd = 10) =>
  roundSize(Math.ceil((minUsd / px) * 10 ** szDecimals - 1e-9) / 10 ** szDecimals, szDecimals);
const roundPx = (px, szDecimals, maxDecimals = 6) =>
  px >= 1e5 ? Math.round(px) : Number(Number(px.toPrecision(5)).toFixed(maxDecimals - szDecimals));
// BTC (szDecimals 5) at 77375: minSize → 0.00013 BTC ($10.06), roundPx(77384.517, 5) → 77385

The rules are Hyperliquid’s tick-and-lot-size docs (registry, read September 26, 2026); the example line is computed from this build’s BTC mark price. For spot, MAX_DECIMALS is 8.

4. Margin needed for a $10 order

The margin required to open a position is size × mark price ÷ leverage. For a $10 order:

Leverage1x2x3x5x10x20x25x40x
Margin for a $10 order$10.00$5.00$3.33$2.00$1.00$0.50$0.40$0.25

Maximum leverage depends on the coin: 40x BTC, 25x ETH, 20x SOL, 10x HYPE, 20x XRP, 10x DOGE at November 3, 2026.

Add the fee (a $10 market order costs $0.0045 at the base 0.045% taker rate, $0.0015 as a 0.015% maker) and a buffer: at high leverage a small move takes you to the liquidation price. Read how the liquidation price is calculated and cross vs isolated margin before using 20x on a small account.

5. Hyperliquid deposit and withdrawal minimums

  • USDC deposits: minimum 5 USDC; smaller deposits can be lost. Guide: Hyperliquid deposit guide.
  • Native coins through Unit: 0.0003 BTC (≈ $23.21), 0.007 ETH (≈ $15.97), 0.12 SOL (≈ $11.19). Unit says transactions below these amounts cannot be processed.
  • Withdrawals: a flat 0.2 USDC fee plus a tiny HyperEVM gas fee; the app’s minimum withdrawal is 0.4 USDC (how to withdraw).
  • First transfer to a new address: sending to a HyperCore account that has never been used costs 1 USDC as an activation fee.

6. Minimum order, lot size and minimum deposit on 8 perp DEXs

DEXMinimum orderSize step or minimum (BTC · ETH · SOL)Smallest BTC order in dollarsMinimum depositWithdrawalTaker fee on the smallest order
Hyperliquid$10 (perps) · 10 USDC (spot)0.00001 BTC · 0.0001 ETH · 0.01 SOL$105 USDC0.2 USDC plus a tiny HyperEVM gas fee per withdrawal$0.0045
Lighter$10 (all 213 perps)0.00007 BTC · 0.002 ETH · 0.055 SOL$10.06 (0.00013 BTC)$5 new account ($10 from Bitcoin)Min 1 USDC (secure) / 4 USDC (fast)$0 (Standard)
Aster5 USDT (all 596 perps)0.001 BTC · 0.001 ETH · 0.01 SOL≈ $77.38 BTC · $6.85 ETH · $5.59 SOLNo minimum in the APIGas, from about 1 USDT$0.002 ($5 order)
edgeXPer-contract minimum size0.001 BTC · 0.03 ETH · 0.5 SOL≈ $77 BTC · $68 ETH · $47 SOL10 USDCEthereum: gas; other chains 0.1%, min $1$0.035 (BTC minimum)
dYdXOne step size0.0001 BTC · 0.001 ETH · 0.1 SOL≈ $7.74 BTC · $2.28 ETH · $9.32 SOLNot publishedBridge-dependent$0.0039 (BTC minimum)
Paradex$10 (all 63 perps)0.00001 BTC · 0.0001 ETH · 0.01 SOL$10Not publishedBridge-dependent$0 (retail UI)
Pacifica$10 (all 78 markets)0.00001 BTC · 0.0001 ETH · 0.01 SOL$10$10 USDC on Solana$1 per USDC withdrawal$0.004
Polymarket Perps$10 (all 89 markets)5 decimals on BTC$1010 pUSDMust leave 10% of open notional$0.004

Hyperliquid, Lighter and Aster rows from their public APIs at this build (November 3, 2026, 12:27 UTC); the other venues’ minimums from their APIs and docs on September 26, 2026 (edgeX V2 re-read October 1, 2026). Dollar values use Hyperliquid mark prices at November 3, 2026, except Lighter’s BTC row (Lighter’s own mark price), and move with the market. Taker fees at each venue’s base tier: Hyperliquid 0.045%, Aster 0.04%, edgeX 0.045%, dYdX 0.05%, Pacifica 0.040%, Polymarket Perps 0.040%, Lighter Standard 0%, Paradex retail UI 0%.

Real minimums vs headline minimums (live)

The headline minimum is the rule; the real minimum is the smallest order you can actually place once the size is rounded to the market’s step (and, on Lighter and Aster, a minimum quantity applied). These are the markets where the two are furthest apart, by real minimum ÷ headline minimum:

Hyperliquid (headline $10): core and HIP-3, November 3, 2026, 12:27 UTC
MarketStepPriceReal minimum× headline
xyz:STRC0.1$99.30.2 = $19.861.99×
xyz:PURRDAT1$9.8752 = $19.751.98×
xyz:SP5000.001$7,535.80.002 = $15.071.51×
xyz:OURA0.1$48.310.3 = $14.491.45×
xyz:DRAM0.1$47.5940.3 = $14.281.43×
xyz:HO1$4.55823 = $13.671.37×
xyz:AVGO0.01$328.280.04 = $13.131.31×
para:AVGO0.01$327.960.04 = $13.121.31×
LIT1$3.16164 = $12.651.26×
xyz:IBM0.01$248.090.05 = $12.401.24×
Lighter (headline $10): November 3, 2026, 12:27 UTC
MarketMin sizePriceReal minimum× headline
QNT0.1$199.7360.100 = $19.972.00×
BNB0.01$700.9510.02 = $14.021.40×
ZEC0.004$1,197.230.009 = $10.781.08×
XMR0.01$624.7010.017 = $10.621.06×
SKHYNIXUSD0.004$1,061.780.010 = $10.621.06×
XAG0.08$49.20470.21 = $10.331.03×
XRP4$1.282628 = $10.261.03×
HYUNDAIUSD0.02$208.2060.049 = $10.201.02×
PAXG0.0015$3,920.760.0026 = $10.191.02×
TAO0.025$226.4420.045 = $10.191.02×
Aster (headline 5 USDT): November 3, 2026, 12:27 UTC
MarketMin qty / stepPriceReal minimum× headline
BTCUSD10.001 / 0.001$77,437.10.001 = $77.4415.49×
BTCUSDT0.001 / 0.001$77,399.40.001 = $77.4015.48×
BTCU0.001 / 0.001$77,370.20.001 = $77.3715.47×
BTCUSDC0.001 / 0.001$77,278.40.001 = $77.2815.46×
QNTUSDT0.1 / 0.1$199.850.1 = $19.994.00×
ANTHROPICUSD10.01 / 0.01$1,692.460.01 = $16.923.38×
ANTHROPICUSDT0.01 / 0.01$1,691.260.01 = $16.913.38×
ASMLUSDT0.01 / 0.01$1,565.930.01 = $15.663.13×
LLYUSDT0.01 / 0.01$1,3970.01 = $13.972.79×
OPENAIUSD10.01 / 0.01$1,387.070.01 = $13.872.77×

Our calculation with each venue’s own rules: Hyperliquid $10 ÷ price rounded up to szDecimals; Lighter the larger of min_base_amount and min_quote_amount ÷ price, in steps of size_decimals (orderBookDetails); Aster the larger of LOT_SIZE.minQty and MIN_NOTIONAL ÷ mark price, rounded up to stepSize (exchangeInfo, premiumIndex). Real minimum in coins = its dollar value at the build-time price.

Reading it: on Hyperliquid the gap comes from coarse steps on low-priced or high-priced coins (a whole-coin step on a coin worth a few dollars). On Lighter, 5 of 213 perps had a real minimum at least 5% above the $10 floor. On Aster, the minimum quantity, not the 5 USDT rule, set the order size on 31 of 596 perps, and 16 needed more than $10.

7. Notional minimum vs lot size: which one binds

Exchanges use two different rules, and the one that binds is whichever gives the larger order:

  • A minimum notional (order value in dollars): $10 on Hyperliquid, Lighter, Paradex, Pacifica and Polymarket Perps; 5 USDT on Aster.
  • A minimum quantity or lot size (in coins): 0.001 BTC on Aster, 0.001 BTC on edgeX, one step of 0.0001 BTC on dYdX.

When a coin is expensive, a coarse lot overrides a low notional minimum. That is why Aster’s 5 USDT rule becomes about $77.38 on BTC. Of Aster’s 596 trading perps, 16 needed more than $10 for the smallest order in this build (November 3, 2026, 12:27 UTC; the largest gaps). On venues with fine lots (Hyperliquid, Lighter, Paradex, Pacifica) the dollar rule always binds. Every venue also has a maximum: Polymarket Perps caps a BTC market order at $1M and a limit order at $5M.

8. Lighter minimum order: $10 on every market, free on Standard

Lighter’s minimum order is $10 on all 213 active perp markets (API, November 3, 2026, 12:27 UTC). The minimum coin amounts (0.00007 BTC, 0.002 ETH, 0.055 SOL, 0.07 HYPE) are worth $5.42, $4.56, $5.13, $5.93 at Lighter’s mark prices, so the $10 value rule is what you hit. Lighter Standard accounts pay 0% maker and 0% taker, so a $10 Lighter trade carries no exchange fee (Paradex’s retail web app is the only other zero-fee option in this comparison); you still pay the spread.

  • Deposits: $5 for a new account (Ethereum, other EVM chains, Solana, Tron) and $10 from Bitcoin; existing accounts can top up from $3 on EVM chains and Solana.
  • Withdrawals: secure withdrawals via Ethereum from 1 USDC; fast withdrawals (USDC via Arbitrum) from 4 USDC. Guide: Lighter deposits and withdrawals.
  • Spot (API, September 26, 2026): 10 spot books with a $10 minimum, except LIT/USDC (0.001 USDC minimum quote, 1 LIT minimum size). ETH/USDC needs at least 0.005 ETH, which is more than $10 at current prices.

Because a trade costs nothing on Standard, Lighter suits strategies built from many small orders: grids, scale-ins, daily buys. What Standard gives up (a taker delay) is covered in our Lighter fees guide.

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9. Aster minimum order: 5 USDT, except where the lot is bigger

Aster’s minimum order is 5 USDT on all 596 order-book perps (API, November 3, 2026, 12:27 UTC); on BTC, the 0.001 BTC minimum quantity makes it about $77.38. ETH (0.001 ETH ≈ $2.28) and SOL (0.01 SOL ≈ $0.93) lots are small enough that 5 USDT governs; rounded up to the next lot, the smallest ETH order is about $6.85 and the smallest SOL order about $5.59. Aster’s deposit API shows no minimum deposit; withdrawals pay destination-chain gas, from about 1 USDT. At the 0.04% general taker rate, a 5 USDT market order costs $0.002. Details: Aster deposits and withdrawals, Aster fee structure.

10. edgeX: the highest minimums

edgeX sets a minimum order size per contract: 0.001 BTC (≈ $77), 0.03 ETH (≈ $68) and 0.5 SOL (≈ $47), with size steps of 0.001 BTC, 0.01 ETH and 0.1 SOL (V2 API, re-read October 1, 2026). That is about 8 times Hyperliquid’s floor on BTC. Leverage shrinks the margin (a 0.001 BTC position at 20x needs about $3.87), but every order and every grid rung is at least that size. Minimum deposit 10 USDC; withdrawals to Ethereum pay gas only, other chains 0.1% with a $1 minimum.

11. dYdX, Paradex, Pacifica and Polymarket Perps

  • dYdX: sizes must be a multiple of each market’s step size, with no dollar minimum in the market data. On its 78 active markets the steps are 0.0001 BTC (≈ $7.74), 0.001 ETH (≈ $2.28) and 0.1 SOL (≈ $9.32). See the dYdX review.
  • Paradex: $10 minimum notional on all 63 perps, fine size increments (0.00001 BTC); retail web-app orders pay 0% maker and 0% taker. No published minimum deposit.
  • Pacifica: $10 minimum order on all 78 markets. Deposit USDC on Solana from $10; a USDC withdrawal costs $1. See the Pacifica review.
  • Polymarket Perps: $10 minimum notional on all 89 markets; minimum deposit 10 pUSD. With positions open, a withdrawal must leave 10% of open notional in the account. See the Polymarket Perps vs Hyperliquid.

12. Worked examples for small accounts

A $50 account on Hyperliquid

Deposit 50 USDC (above the 5 USDC minimum). A $10 ETH long at 5x needs $2.00 of margin and costs $0.0045 to open as taker. Five such trades a day for a month (open and close, 300 fills) cost about $1.35 in fees. Withdrawing the balance once costs 0.2 USDC plus a tiny HyperEVM gas fee, 0.4% of the account. For a small account, one bad liquidation matters far more than the percentage fee.

A 20-rung grid

Venue and marketSmallest rungNotional for 20 rungs
Hyperliquid / Lighter / Paradex / Pacifica, any market$10$200
Aster ETH / SOL≈ $6.85 / $5.59≈ $137 / $112
Aster BTC0.001 BTC ≈ $77.38≈ $1,548
edgeX ETH0.03 ETH ≈ $68≈ $1,369
edgeX BTC0.001 BTC ≈ $77≈ $1,548

Prices at November 3, 2026. Leverage lowers the margin needed, not the minimum order.

A $200 grid on Lighter pays no trading fee on Standard. On Hyperliquid, with every rung filled as maker, a buy and a sell of $10 cost $0.003 together. Setup: Hyperliquid grid bot.

Daily $10 buys (DCA)

Hyperliquid spot: a 10 USDC buy of HYPE or UBTC costs $0.007 at the 0.070% spot taker fee, about $0.21 a month. Lighter spot costs $0 on Standard, but it has no BTC or HYPE book. Either way, move coins out in one batch, not daily, to avoid paying a withdrawal fee each time.

13. Which DEX for a small account?

The smallest account that can open each venue’s minimum order, computed for the four most traded coins: the larger of the venue’s minimum deposit and the margin for the real minimum order at the market’s maximum leverage plus the opening taker fee. It is a floor, not a recommendation: an account this small is liquidated by a move of a fraction of a percent at maximum leverage.

Smallest account that can open the minimum order (this build)
CoinHyperliquidLighterAster
BTC$5.00 (deposit min.)min order $10.06 at 40x$5.00 (deposit min.)min order $10.06 at 50x$0.42min order $77.40 at 200x
ETH$5.00 (deposit min.)min order $10.04 at 25x$5.00 (deposit min.)min order $10.04 at 50x$0.04min order $6.85 at 200x
SOL$5.00 (deposit min.)min order $10.25 at 20x$5.00 (deposit min.)min order $10.07 at 25x$0.06min order $5.59 at 100x
HYPE$5.00 (deposit min.)min order $10.16 at 10x$5.00 (deposit min.)min order $10.17 at 20x$0.02min order $5.08 at 300x

Minimum deposits from the registry: Hyperliquid 5 USDC, Lighter $5 for a new account; Aster’s deposit API shows no minimum. Taker fees at each venue’s base tier: Hyperliquid 0.045%, Lighter Standard 0%, Aster 0.04%. Maximum leverage: Hyperliquid meta, Lighter 10,000 ÷ min_initial_margin_fraction, Aster’s first leverage bracket. Prices: November 3, 2026, 12:27 UTC (Hyperliquid), November 3, 2026, 12:27 UTC (Lighter), November 3, 2026, 12:27 UTC (Aster).

  • Deepest markets with a low floor: Hyperliquid ($10 minimum, 5 USDC deposit, the most perp volume). The best default for most traders.
  • Lowest cost on many small orders: Lighter (0% on Standard, $10 minimum, $5 deposit).
  • Lowest headline minimum: Aster (5 USDT) for ETH, SOL and most alts, but not for BTC.
  • Not for tiny accounts: edgeX, unless you can size orders at 0.001 BTC or 0.03 ETH.

Minimum size is only one factor. Compare fees in Hyperliquid fees and best DEX for low fees, withdrawal costs in DEX withdrawal fees compared, and the whole field in our best DEX guide. New to this? Start with what a DEX is and how to use Hyperliquid.

14. FAQ

What is the minimum order size on Hyperliquid?

$10 of notional value per perp order, on every market. Spot orders need at least 10 USDC (10 units of the quote token), and a TWAP order needs $100 in total with at least $10 per suborder. In coins, the smallest BTC order is 0.00013 BTC at current prices, because sizes are rounded to 5 decimals on BTC; there is no 0.001 BTC minimum.

What does "Order must have minimum value of $10" mean?

It is Hyperliquid's MinTradeNtl rejection: the order's size times its price is under $10. Increase the size (or, for a limit order far below the market, the size at that price) until the order is worth at least $10. The spot version reads "Order must have minimum value of 10" followed by the quote token, for example 10 USDC.

How much money do I need to start trading on Hyperliquid?

The protocol minimums are a 5 USDC deposit and a $10 order. A $10 position needs $2.00 of margin at 5x or $1.00 at 10x, so a few dollars are technically enough. In practice, start with something like $50: one bad trade then does not wipe you out, and the 0.2 USDC withdrawal fee plus a tiny HyperEVM gas fee is only 0.4% of the account. Deposits under 5 USDC can be lost.

What is the minimum deposit on Hyperliquid?

5 USDC on the USDC deposit routes; smaller deposits can be lost. Native coins deposited through Unit have their own minimums: 0.0003 BTC, 0.007 ETH and 0.12 SOL. Withdrawals cost a flat 0.2 USDC plus a tiny HyperEVM gas fee, with a minimum of 0.4 USDC per withdrawal.

Does the $10 minimum apply to limit orders and scale orders?

Yes. Market, limit and trigger orders all have to be worth at least $10 at their price. A scale order is several limit orders spread over a price range, so each of them has to clear $10: five rungs need at least $50 in total.

Can I close a Hyperliquid position worth less than $10?

Hyperliquid's documentation lists no exception to the $10 rule. Some third-party developer guides say a reduce-only order that closes the whole position is accepted even under $10, but we could not confirm that in the official docs. The safe habit is to avoid partial closes that leave less than $10 open.

What is the minimum order on Lighter and on Aster?

Lighter: $10 on every one of its 213 active perp markets (November 3, 2026, 12:27 UTC), and trading is free on Standard accounts. Aster: 5 USDT minimum notional on all 596 order-book perps, but BTC also has a 0.001 BTC minimum quantity, so the smallest BTC order is about $77.38.

Which DEX has the lowest minimum order?

Aster's 5 USDT is the lowest dollar floor, except on BTC. dYdX has no dollar floor at all, only a step size (0.0001 BTC is about $7.74). Hyperliquid, Lighter, Paradex, Pacifica and Polymarket Perps all use $10. edgeX is the highest: 0.03 ETH (about $68) and 0.001 BTC (about $77, the same as Aster’s BTC lot).

Open an account with a $10 minimum

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Disclosure: HOLYGRAIL (Hyperliquid and edgeX), 718610TD (Lighter) and DTLpLc (Aster) are our referral codes; we earn a share of referred accounts’ fees. Hyperliquid, Lighter and Aster minimums are computed from their public APIs at every build; the other venues’ minimums, lot sizes and deposit rules were read on September 26, 2026 (edgeX V2 on October 1, 2026). All can change without notice.