Glossary

API wallet

A revocable Hyperliquid-native authorization that allows Monetrix to trade in the selected strategy account without withdrawal rights.

Builder fee

A fee charged through Hyperliquid's builder mechanism when a Monetrix-routed trade executes.

Delta neutral

A position designed to minimize directional exposure by matching a long spot position with an equal-notional short perpetual position.

Health Factor

A measure used by Pilot to monitor leverage and the safety buffer before liquidation risk increases.

HF warning line

The Health Factor level at which Monetrix triggers a rebalance or partial close to restore safety. The current Pilot warning line is HF 1.10.

Perpetual funding

Payments exchanged between long and short perpetual positions. When funding is positive, shorts receive funding from longs.

Risk mode

A predefined combination of target HF, leverage, capital use and expected APY.

Strategy account

The user-controlled Hyperliquid subaccount or dedicated connected wallet in which Pilot operates.

Stop new entries

A control that prevents position growth while leaving the existing position and automated risk management active.