3 MIN READ
One minute, start to bell
What happens at each second of a round.
The timeline
0:00The round opens, struck at the open of Hyperliquid's 1-minute HYPE candle.
0:00 to 0:35Picks. Each one fills at the contract's live quote.
Any secondBAIL. The contract buys your position back at the live price.
0:55 to 1:00No new buying in the last 5 seconds. Bailing stays open.
1:00The bell. The round settles on the next candle's open, which is also the next round's strike.
Winning and losing
- A winning share pays 1 tUSDC. Buy UP at 0.51 and each share pays 1, about 1.96× your stake.
- A losing share pays nothing.
- If HYPE closes exactly on the strike, nobody beat the line and the round voids: everyone is refunded.
Compounding
Survive and your whole stack rides the next round: 10, about 19.5, about 38. That's the climb, and it's why knowing when to get off matters.
QUICK CHECK
It's 0:57 into the round. What can you still do?
NEXT: READING THE WALL