Trade

Trade is the main execution workspace. It combines the market selector, chart, order book, recent trades, lower activity tabs, and the right-hand trading panel in one operating view.

1. Market overview and market switchers
2. Chart
3. Order book
4. Recent trades
5. Right trading panel
6. Lower activity tabs

Typical Trade Workspace Flow

1. Select the market you want to trade.
2. Read the chart, maps, order book, and recent trades together before choosing the order type.
3. Configure the order in the right trading panel.
4. Submit the order, or continue setup if onboarding is incomplete.
5. Monitor positions, orders, fills, alerts, and strategies from the lower activity tabs.

Use this page to understand how the trading workspace is organised, then continue to Maps for map-specific behaviour and Order Types for execution details.

Market Overview

The market overview opens when you click the token itself in the market list, and it is where you build context before placing size.

What you can do here:

• Switch between Perps and Spot.
• Change market-list density with Full or Compact view when available.
• Use the Search Bar to find markets quickly when it is available in your layout.
• Use the top quick-market strip to switch instruments faster.

In Full view, the market list can show columns such as:

• Market
• Price
• Change
• Volume
• Funding
• OI

Leverage badges such as 40X, 25X, and 20X show the available max leverage at a glance. Tags such as XYZ, CASH, and HL identify market families shown in Borsa.

Chart

Use the chart to understand structure before you send an order, and to set alerts directly from the chart: right-click at a level and choose Add alert at that price.

When it helps:

• Checking trend, range, and recent price behaviour.
• Finding areas where a limit order may make more sense than a market order.
• Seeing working levels in context if chart overlays are enabled.

What to watch:

• The chart gives execution context, but risk and PnL are not driven by chart visuals alone. See Trading Fundamentals for which prices matter operationally.
• If chart overlays are enabled in Settings, the chart can also show Fills, Size and price labels, Open orders, Position levels, and Alerts. That makes it easier to connect the chart to current execution state.

Change the Timeframe from the Keyboard

With the chart focused or the pointer over it, type a timeframe the way you would in TradingView. A small Change interval box opens; press Enter to apply it, or Escape (or click away) to cancel.

• A bare number is minutes: 15 is 15m, 60 is 1H, 240 is 4H.
• Add a unit for other intervals: m, h, d, or w (for example 2h, 1d). A unit on its own means one of it, so D is 1D.
• An interval the chart does not support shows Not available instead of changing anything.

Maps

Borsa can also show Maps on the chart for a more granular, depth-style view of concentrated activity around current price. Available map modes include SL / TP, Order Book, Liquidations, and Combined.

What you can do here:

You can switch between None, SL / TP, Order Book, Liquidations, and Combined. You can also enable Show size on hover and adjust Bar opacity, Colors, Bar side, Min size, and Precision when those controls are available in the current layout.

What hover can show:

Depending on the mode, hover can show the notional quantity at the selected level, its USD value, the number of contributing positions or levels, and the cumulative amount around that level.

How to inspect a level:

Right-click over a map band and choose Inspect map to open the detailed level breakdown for that price area in SL / TP, Order Book, and Liquidations. In Combined, use hover to read the signed bucket pressure and cumulative pressure curve instead, because Combined does not open a bucket-level detail table. The detail table can be sorted directly in the map view, and the dedicated Maps page covers screenshots and mode-specific examples.

For a mode-specific explanation of what each map shows and how to read it, continue to Maps.

Order Book

Use the order book when execution price and visible liquidity matter.

Why traders use it:

• To see the displayed depth around the current market.
• To judge whether a limit order has a sensible resting level.
• To decide whether the market looks thin enough that a market order or larger chunk may move through levels quickly.

If Orderbook click sets size is enabled in Settings, interaction with the book can update the size input in the order panel.

Recent Trades

Use recent trades to read the pace of actual prints.

This area is useful when you want to know:

• Whether execution is moving quickly or slowly right now.
• Whether recent prints support a more aggressive or more patient entry.
• Whether the market feels active enough for the order type you are considering.

Recent trades are especially useful immediately before a market order, a fast limit entry, or a strategy configuration that favours completion over price control.

Reading the Tape

• Consecutive fills from one taker sweep are merged into a single row. Hover it for the number of fills and makers, the price range, the VWAP, and the slippage the sweep paid.
• On perps, rows can carry an intent badge such as Open long, Close short, or Flipped long → short, and liquidations are marked.
• Hovering the tape pauses it so rows stop moving while you read.
• Click the size column header (it shows the active unit, such as BTC or USD) to switch the size unit.
• Filters opens three chips: Size hides prints below a USD notional, Slip keeps only sweeps that paid at least that much slippage, and Taker keeps only takers in an all-time PnL cohort. The filters combine, and the row shows how many prints are hidden.

Order Flow Meter

Below the prints, the Flow panel summarises who is trading. Click Flow to collapse or expand it.

On perpetual markets, Flow reads aggregated flow for the market. Pick the window (1m to 1d) and, optionally, a trader cohort by all-time PnL (All, Losers, <100K, 100K+, 1M+, 5M+). Colour means position type, green = long, red = short (not buy/sell). The panel shows, in USD, for the Long and Short columns:

• Open: notional opened in the window. This is where fresh conviction is going.
• Close: notional closed in the window. This is who is unwinding.
• Net: opened minus closed, the net open-interest change for that side.
• Closed: for longs and shorts separately, notional closed in profit (Win), at a loss (Lose), liquidated (Liq), and the net realised Pnl.

For example, a large long Open with a small long Close and a positive long Net means longs are building, while a large short Liq value means shorts are being forced out.

On spot markets, Flow is a single buy (green) versus sell (red) taker-pressure bar over a rolling window (15s to 5m). Recent fills are weighted more heavily than older ones. Hover the bar for the exact percentages.

Lower Activity Tabs

The lower activity tabs are where you monitor what happened after the order decision.

• Balances shows available account balances.
• Positions shows active position state and can expose Share PnL next to PnL (ROE) for active positions. See Portfolio.
• Open Orders shows currently working orders.
• TWAP shows Hyperliquid (on-chain) TWAPs. See TWAP.
• Order History shows historical order activity and state changes.
• Fill History shows executed fills.
• Alerts shows and manages price alerts. See Alerts.
• Strategies shows strategy activity and status, including Local and Cloud TWAPs and Chase orders. See Strategies.

When the selected market has outcome contracts, or you hold outcome positions, an Outcomes tab also appears. See Outcomes.

Orders placed by a strategy show a small chip with the strategy's name next to the market in Open Orders, Order History, and Fill History. A strategy that is not in this browser's library reads Strategy.

These monitoring categories overlap with Portfolio, but in Trade they stay beside the chart and execution panel.

Position TP/SL

The TP/SL dialog on a position sets a take-profit and stop-loss for that position. Its size defaults to Entire: a native Hyperliquid position TP/SL that closes your full position at trigger time, even if the position grew or shrank after you set it. Choose 25%, 50%, 75%, or Custom for a fixed size instead. In Open Orders, an entire-position TP/SL shows Entire position as its size.

Right Trading Panel

The right trading panel is where manual execution happens.

The order types are Market and Limit as tabs, plus the Pro menu:

• Market for immediate execution.
• Limit for price-controlled resting orders.
• Scale, TWAP, and Burst in the Pro menu for staged or swept execution.

The Pro menu also lists Your strategies and New strategy…. Picking a strategy replaces the order fields with its strategy ticket, which runs it on the selected market. See Strategies.

Common controls include:

• Long / Short to set direction.
• Leverage Badge to view and adjust leverage.
• Available for collateral or buying-power context.
• Current Position for the selected market.
• Size and Value for order sizing.
• Advanced for extra execution settings.

If setup is incomplete, the panel shows Setup Trading (or Approve Trading Agent when only the agent approval is left) instead of the final execution button. Go back to Get Started with Borsa in that case.

If Hyperliquid does not answer in time, the button reads Confirming... while Borsa checks whether the order landed, instead of failing and inviting a duplicate.

The account area in the lower-right section includes Deposit and Withdraw controls when shown in the current layout.

On a Phone

On a phone, Trade is one vertical screen instead of side-by-side panels:

• Market bar at the top: tap the pair to open the markets list, with the live price, a favourite star, and the wallet button.
• Chart, Book, and Trades tabs share one content area. On Chart the tabs sit on the chart's toolbar row. Swipe sideways to switch tabs (on the toolbar row when on Chart, anywhere on Book or Trades).
• A scrollable strip below with Positions, Orders, Balances, TWAP, Order History, Fill History, Alerts, and Strategies. Drag its header up or down to resize or collapse it. Pull the positions list down to reveal its sort, filter, and close-all row.
• Long and Short (Buy and Sell on spot) buttons fixed above the bottom navigation. Tapping one picks that side and opens the full order form in a sheet. Starting a strategy from that sheet closes it and shows Strategies.

The bottom navigation has Markets, Trade, Outcomes, Portfolio, and Menu.

For the order-type decision itself, continue to Order Types.