ONE WORLD. A THOUSAND PERSPECTIVES.
A change of direction.
Review the cost. Close and reverse in one transaction.
Both legs succeed together, or neither does.
01 / YOUR TEST WALLET
Bring a little curiosity.
Connect a test account to begin. Only HyperEVM testnet is supported.
You need a small amount of test HYPE for network fees. QTEST is free test collateral. No contract deployment is needed. This pilot has its own QTEST. Get fresh test tokens here; your original balance stays on the original desk.
Check the last wallet action.
A saved transaction is waiting for confirmation. New actions stay paused until its result is known.
If the wallet response was interrupted, copy the hash of that action here. This check does not send another transaction.
The native BTC price is checked against two external feeds. Trades pause if the checks cannot pass.
FOLLOW THE MARKET
BTC / USD
HyperCore testnet · market candles
Reading market history…
Reading BTC testnet candles…
Loading testnet market history…
Candles show testnet market trades. Settlement uses the checked oracle price, which can differ. Entry and liquidation refer to your selected open position. Reaching the threshold makes a position eligible for liquidation; execution is not instant or guaranteed.
02 / PREPARE
A place to begin.
Get free QTEST, then move some into your trading balance.
Withdraw unused margin
03 / OPEN A POSITION
Choose a direction.
BTC / USD · HYPERCORE TESTNET
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Reading the native price…
The on-chain native price is checked against Coinbase and Kraken. Your trade uses the execution-time price within the approved bounds.
Start with 10 QTEST at 2×. Close when you are ready, then follow any profit through the queue. Use the offline workbench to explore large moves and liquidation.
A new quote is checked before each trade. If it expires while you confirm, the transaction cannot execute.
04 / FOLLOW THE POSITION
Your positions.
Closing settles the position at the checked BTC price. Remaining margin becomes available immediately; positive profit enters the queue.
05 / FOLLOW THE PAYOUT
A queue you can see.
Profit is a separate claim. Move available collected losses into the queue, allocate them in order, then withdraw your part. Partial payments leave the rest of the claim open.
Release available collected losses to the FIFO queue. Each claimant then withdraws their allocated amount. This can be a partial payment.
Allocate remaining queue liquidity (if needed)
These two actions use the shared engine and queue balances, not QTEST in your wallet. Your wallet pays only testnet gas. Only a claim’s owner can withdraw it.
Withdraw your allocated profit
The test’s boundaries and contract details
What is being tested?
A bounded synthetic long/short test with native HyperCore BTC prices, an XO-operated price cross-check, capped profit, bounded automatic liquidation and a FIFO payout queue. There is no funding rate, BTC deposit or real-money payout. QTEST is freely minted. This is not a production perps exchange.
The initial pool can be empty. Finalized profit claims and the maximum gross profit of open positions are protected before any 21/79 surplus distribution. Claims can still wait when the loss pool has insufficient cash. A queue records a claim; it does not create liquidity.
Automatic liquidation watches both this Flip pilot and the original V2 desk. It shares a limit of 20 liquidations and 0.0005 test-HYPE in transaction costs across both versions. It pauses when price checks fail or the budget is exhausted; execution is periodic, not instant. The live status above shows whether this engine is being watched. Close your pilot positions when you finish testing.
Return to an earlier manual-price test table ↗
Reading the engine’s balances…
Verify the destination
- Network
- HyperEVM testnet · chain 998
- Trading engine
- Profit queue
- Price oracle
- Test token
The application checks the deployed contract code before sending transactions. The XO guardian can withhold quotes when price checks fail. Available margin and allocated profit remain withdrawable without a price quote. Your wallet signs your actions; this page holds no wallet private keys.
Marco’s proposed Observer role is a reporting and governance direction. It does not grant powers in these test contracts.