Trade

Assets deployed via Funnel become tradable across Hyperliquid’s primary frontend (hl.xyz) and all builder-code applications that consume Hyperliquid’s native orderbook.

Funnel’s Terminal is a builder-code application purpose-built for spot markets. It treats Funnel-deployed assets as first-class markets while remaining fully interoperable with the broader ecosystem.

The Terminal aggregates all Hyperliquid assets into a single execution interface, using smart routing across:

• HyperCore Spot
• HyperEVM DEXs

Each order is routed to the venue offering the best available price and depth at execution time.

For every trade, users can view:

• Smart routing that finds the best depth & execution
• Active points programs (Incentives tied to specific assets or routes)

This removes the need to track rewards across multiple platforms and highlights the most capital-efficient path.

The Terminal also provides advanced analytics for informed decision-making, including:

• Real-time liquidity & depth
• Top trader activity
• Flow analysis;
• LP burns
• Bubble Maps

Trading through Funnel combines market access, execution quality, and information clarity in a single environment - enabling efficient participation across Hyperliquid’s ecosystem.