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Build Market Order REST API Endpoint

Build market order action. Fetches mid price, applies 3% slippage, returns hash to sign.

Updated on
May 19, 2026
info

Exchange API calls do not consume Quicknode API credits. Transactions through this endpoint are appended with a builder fee. See hyperliquidapi.com for a full breakdown. To white-label with your own builder code, contact us.


Body Parameters

action
object
REQUIRED

Market order action object

type
string

Action type ("order")

orders
array

Array of market order objects

asset
string

Asset name (e.g., "BTC", "ETH", "HYPE")

side
string

Order side ("buy" or "sell")

size
string

Order size/quantity

tif
string

Time in force: "market" (will be converted to IOC with computed price)

slippage
number

Optional slippage tolerance as a decimal (e.g. 0.05 = 5%). Default 3%. Range 0.1% to 10%. Applied to the computed IOC limit price.

priorityFee
integer or string

Optional priority fee rate. The value is interpreted as p / 100000000 of filled notional, so 10000 equals 1 basis point and the maximum is 80000 (8 basis points). Applies only to IOC orders; market orders are built as IOC limits, so they are eligible. Charged from the undelegated staking HYPE balance (use Build Priority Funding Deposit to fund it). Not supported for HIP-4 orders.

Returns

hash
string

Hash to sign with wallet (0x-prefixed hex string)

nonce
integer

Unique nonce for this action (timestamp in milliseconds)

action
object

Processed action object in wire format with computed price (mid price + 3% slippage) and IOC tif

type
string

Action type ("order")

orders
array

Array of order objects in wire format with computed price

a
integer

Asset index (0 for BTC, 1 for ETH, etc.)

b
boolean

Buy side (true for buy, false for sell)

p
string

Computed price with 3% slippage applied (stringified number)

s
string

Size/quantity as a stringified number

r
boolean

Reduce-only flag (false for market orders)

t
object

Order type specification (IOC limit)

limit
object

Limit order type

tif
string

Time in force ("Ioc" - Immediate or Cancel)

grouping
string

Order grouping strategy: "na" (Normal Action)

isSpot
boolean

Whether this is a spot market order

builderFee
string

Builder fee as percentage string (e.g., "0.04%")

builderFeeRaw
integer

Builder fee in basis points (e.g., 40 = 0.04%)

builder
string

Builder address (0x-prefixed hex string)

nextStep
string

Instructions for next step: sign the hash with private key (ECDSA), then POST /exchange with action, nonce, and signature (r, s, v)

appliedSlippage
string

Slippage applied to the mid price as a percentage string (e.g., "3.0%")

appliedSlippageRaw
number

Slippage applied as a decimal fraction (e.g., 0.03 for 3%)

priorityFee
integer

Priority fee rate, if specified in the request. The value is interpreted as p / 100000000 of filled notional, so 10000 equals 1 basis point and the maximum is 80000 (8 basis points).

Request
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