CashboardWidget · Paper trading
Paper trading for crypto perps and stocks, no account
Paper trading tests an idea with fake money and real prices. You start with $100,000, and a reset lets you begin again with $10,000, $100,000 or $1 million. Open a long or short on a stock at 1x, or on one of the 50 most active Hyperliquid perps at any whole leverage up to that market’s maximum, sized in dollars or in shares and coins. Closed trades go to a History tab with a win rate and your best and worst result. The simulation is kind to you, though: no fees, funding, spread or slippage, and nothing gets liquidated, so real results usually come out worse.
What does the Paper trading widget show?
- Equity and return, cash, unrealized PnL and realized PnL
- Open positions, newest first, with size, entry, live mark, PnL and ROE
- An order preview with quantity, margin and the cash left after the trade
- A History tab with the last 50 closed trades, the win rate and the best and worst trade
- Positions without a live price counted at their entry price and flagged until the feed answers
Where does the Paper trading data come from?
| Sources | Hyperliquid marks for perps, Yahoo Finance for stocks |
|---|---|
| Settings | Stock or Perp; Long or Short; Size in dollars or in shares and coins, with a Max button; Leverage as a whole number up to the market’s Hyperliquid maximum, none on stocks; A starting balance of $10K, $100K or $1M when you reset |
| Works in | Web and desktop |
| Access | Read-only. The widget itself never asks for a signature |
Which board templates include Paper trading?
Guides
- How to compare tokenized stock prices with the real stockLine up a stock's cash price, its xStocks token and the Hyperliquid stock perp on one row, with token premium, perp basis, funding APR and weekend gaps.
- How to watch stock perps on HyperliquidWatch Hyperliquid HIP-3 stock perps for NVDA, TSLA and five more beside the cash stock and its xStocks token. Read basis, funding APR and open interest.
- How to paper trade crypto perpsPractice long and short trades on the 50 busiest Hyperliquid perps against live marks, up to each market's max leverage, with no order ever sent.
- How to paper trade stocks for freeSimulate long and short stock trades against Yahoo Finance quotes in a free browser dashboard. There is no broker link, and the PnL stays on your device.
Related terms
Frequently asked questions
Is paper trading connected to an exchange?
No. It is a local simulation and no order goes anywhere. Nothing talks to Hyperliquid or a broker except to read prices.
Are my paper trades shared when I share a board?
No. Open positions, trade history and realized PnL are stripped from share links.
How many positions can I hold?
Up to 50 open at once. The widget also keeps your last 50 closed trades.
Last reviewed . Market data in Cashboard comes from the providers named on each widget and may be delayed. Nothing here is financial advice.