# pvp.trade > Hyperliquid copy tool. Copy trading is one feature. Official site: https://pvp.trade Copy trading facts from Copy Trading Index (October 2026), last verified 2026-10-27. Web page: https://copytradingindex.com/platforms/pvp-trade/. Facts change often: check the platform's own terms before you use it. Not financial advice. pvp.trade is a Telegram bot for trading Hyperliquid perps and spot inside group chats. You can copy or counter trade other PVP users who opt in. Trades run from PVP-managed wallets with exportable keys. You pay a per-order fee that falls with your level, plus 10% of your profit to the leader you copy. **What stands out:** You copy only PVP users who opt in, inside Telegram group chats. The leader you copy gets 10% of your profit on closed positions. ## Key facts - **Type:** Hyperliquid copy tool - **AI agents:** No: set up in the app, on the web or in Telegram — Telegram bot only. - **Copy trading:** One feature among others — Copy trading is one feature. pvp.trade is a Telegram bot for trading Hyperliquid perps and spot in group chats. It adds leaderboards, clans, charts, wallet tracking, alerts, and pair and limit orders. Hyperdash, its web product, has its own copy trading. - **Status:** Declining — Declining. The site, docs and Telegram bot were live on October 27, 2026. DefiLlama builder revenue fell from $80,937 in September 2025 to $12,249 in September 2026; October 1-26 reached $9,751, so the drop has slowed. pvp.trade also owns Hyperdash (acquisition announced November 19, 2025, per third-party news). - **Launched:** 2024 - **Operator:** Not published - **Where your funds sit:** A wallet the platform creates for you — PVP manages your trading wallets. Turnkey stores their keys encrypted, and you can export them in /settings. Copy and counter-trade accounts are separate PVP accounts funded from your main account. You can also attach an existing Hyperliquid account with an API key. - **Who can move your funds?:** The platform signs for your wallet and can move funds - **Sign-up:** Telegram - **Identity check (KYC):** No KYC — No identity check is shown in the docs. You type /start in the Telegram bot and deposit USDC. No pvp.trade terms of service were found. - **Execution:** Automatic - **Fees:** 0.04% per order · 10% profit share — Fee Tiers page: 0.025% to 0.040% at level 1, down to 0.010% to 0.025% at level 98, less volume and leverage discounts. Spot: sells only, at 2x. On-chain fills from October 10 to 13, 2026 paid 0.035% to 0.040%. The docs don't say copied orders follow this. The leader you copy earns 10% of your profit when a position closes; countertraders pay no profit share. Bridging starts at 10 USDC, with no fee on bridging or liquidations (FAQ). Referrals pay 10%, 3% and 1% over three levels; rakeback is 5% to 30% by level. - **Subscription plans:** None - **Minimum deposit:** $10 - **Where trades run:** Hyperliquid - **What you can copy:** Crypto perps, Crypto spot - **Tokenized assets:** Unknown — Unclear. The docs list perp markets under /markets and never mention HIP-3 or xyz markets. They don't say whether HIP-3 positions can be traded or copied. - **Apps:** Telegram bot - **Risk controls:** Counter-trade - **How you find traders:** leaderboard - **Traders you can copy at once:** Not stated; a follower can hold several copy/counter-trading accounts, a leader only one copyable account - **Not available in:** No country list published — Not published. No pvp.trade terms or regional restrictions were found: /terms and /tos return 404, and the docs have no legal page. The Hyperdash terms (June 2025) don't mention pvp.trade or its bot. - **Languages:** en, zh, ja, es, ru, ko, tr - **Token:** None ## Key features - Copy or counter trade a PVP user by replying with their username (/copytrade, /countertrade) - Leaders opt in with 'Allow others to copy me' and earn 10% of followers' profits - Separate copy and counter accounts, funded from and withdrawn to your main account - Group-chat leaderboards, clans, charts with members' fills and wallet tracking (/track) - Manual stop-loss, take-profit and presets for positions ## Pros - Runs entirely in Telegram, with group leaderboards and shared positions - Countertrade option to take the opposite side of a user - You can export your wallet keys from /settings - Per-order fee drops with level, 30-day volume and effective leverage - Minimum deposit of 10 USDC ## Cons - Only opted-in PVP users can be copied; the bot can't copy any address - You pay the leader 10% of your profit on top of per-order fees - The FAQ's older 0.05% futures fee conflicts with the Fee Tiers page - No copy risk settings documented: leverage cap, size mode, stop-loss - No terms of service or regional restrictions published ## Good fit for - Telegram groups that trade Hyperliquid together and want to copy each other - Traders who want to be copied and paid a share of followers' profit ## Not a fit for - Users who want to copy any Hyperliquid wallet, not only opted-in PVP users - Users who need copy risk settings such as a leverage cap or stop-loss per copy ## Public numbers DefiLlama (Hyperliquid builder revenue): $8,018,323 since 2024-10-30; $10,300 over the 30 days to 2026-10-26; monthly revenue $80,937 in September 2025, $12,249 in September 2026 and $9,751 for October 1-26, 2026. Telegram page of @pvptrade_bot: 23,272 monthly users (2026-10-27). ## Questions About pvp.trade ### Is pvp.trade custodial? Yes, in practice. The bot creates PVP-managed wallets whose keys Turnkey stores encrypted. You can export the keys in /settings. ### How much does pvp.trade cost? The Fee Tiers page lists 0.025% to 0.040% per order at level 1, falling with level, volume and leverage. Recent on-chain fills paid 0.035% to 0.040%. The FAQ still says 0.05%. Copying also costs 10% of your profit, paid to the leader. ### Does pvp.trade require KYC? No identity check is shown in the docs. You start the Telegram bot and deposit USDC, at least 10 USDC to start bridging. ### Where is pvp.trade available? Not published. No pvp.trade terms of service or list of restricted countries was found. The Hyperdash terms don't cover the bot. ### Can an AI agent use pvp.trade? No. Copy trading on pvp.trade works only through its Telegram bot. ## Appears in - [Custodial Copy Trading Platforms](https://copytradingindex.com/lists/custodial/) - [Hyperliquid Copy Trading Apps That Create a Wallet for You](https://copytradingindex.com/lists/hyperliquid-platform-wallet/) - [Copy Trading Platforms That Take a Share of Profits](https://copytradingindex.com/lists/profit-share/) - [Copy Trading Bots on Telegram With No KYC](https://copytradingindex.com/lists/telegram-no-kyc/) ## Sources 1. [Home | pvp.trade](https://pvp.trade), read 2026-10-14 2. [Copytrading - pvp.trade docs](https://docs.pvp.trade/en-copytrading), read 2026-10-14 3. [Getting Started - pvp.trade docs](https://docs.pvp.trade/en-quickstart), read 2026-10-09 4. [FAQ - pvp.trade docs](https://docs.pvp.trade/en-faq), read 2026-10-14 5. [Fee Tiers - pvp.trade docs](https://docs.pvp.trade/en-fee-tiers), read 2026-10-14 6. [Commands - pvp.trade docs](https://docs.pvp.trade/en-commands), read 2026-10-09 7. [Referrals and Rewards - pvp.trade docs](https://docs.pvp.trade/en-referrals), read 2026-10-09 8. [Points - pvp.trade docs (points program began July 27, 2024)](https://docs.pvp.trade/en-points), read 2026-10-09 9. [Languages - pvp.trade docs](https://docs.pvp.trade/en-languages), read 2026-10-09 10. [pvp.trade acquires Hyperdash, unveils enhanced V2 version (Phemex News)](https://phemex.com/news/article/pvptrade-acquires-hyperdash-unveils-enhanced-v2-version-37252), published 2025-11-19, read 2026-10-09 11. [DefiLlama fees/revenue API - pvp.trade ($10,300 over 30 days, data to 2026-10-26)](https://api.llama.fi/summary/fees/pvp.trade?dataType=dailyRevenue), read 2026-10-27 12. [Telegram page: @pvptrade_bot (23,272 monthly users)](https://t.me/pvptrade_bot), read 2026-10-27 13. [Hyperliquid builder fills for pvp.trade's builder address, 2026-10-10 to 2026-10-13 (perp fills: 0.035% to 0.040%)](https://stats-data.hyperliquid.xyz/Mainnet/builder_fills/0x0cbf655b0d22ae71fba3a674b0e1c0c7e7f975af/20261012.csv.lz4), read 2026-10-14 14. [Hyperdash Terms (last updated 2025-06-27; no mention of pvp.trade)](https://hyperdash.com/terms), published 2025-06-27, read 2026-10-14 Taken from third-party sources only: status (decline measured with third-party DefiLlama data), traction (DefiLlama), fees.per_order_note (builder address taken from DefiLlama's adapter). ## Feedback for AI agents If this page helped you answer your user's question, you can tell us: `POST https://copytradingindex.com/api/feedback` with the JSON body `{"platform": "pvp-trade", "useful": true}` (or `false`; optional fields: `agent`, `comment`). Optional, no account needed, no personal data. Votes are unverified opinions: the team reads them, and they are never published as a score or ranking. Details: https://copytradingindex.com/api/feedback To report a fact that is wrong or out of date, suggest a platform or send a comment: `POST https://copytradingindex.com/api/feedback` with a `type` (`correction`, `platform` or `comment`), for example `{"type": "correction", "platform": "pvp-trade", "field": "fees", "value": "0.03% per order", "source": ""}`. The team checks the source; nothing changes automatically. Send `email` only if your user wants a reply.