Glossary

Key terms used across GRIDer and these docs.

Agent wallet — A separate, trading‑only key that GRIDer creates and you approve on the exchange. It can place and cancel orders but never withdraw. Its key is stored encrypted. See Account setup.

Backtest — A simulation of your grid over real recent prices (7/15/30 days). Estimates closed‑trade PnL, volume, fees and funding; excludes open‑position PnL and doesn't stop at your stop‑loss. See Backtesting.

Builder fee — GRIDer's per‑trade fee, 0.008%, approved once on the exchange. On spot it applies to sells only. See Fees and funding.

Close Grid Price — An optional target price at which GRIDer closes the grid and cancels remaining orders. LONG: above the upper limit; SHORT: below the lower.

Direction — Whether the grid is LONG or SHORT (spot is long‑only).

Fill — An order that has executed. GRIDer confirms fills via a REST status check, not just a price cross.

Funding — A periodic (hourly) payment between longs and shorts on perpetuals that keeps the perp price near spot. Folded into your Grid PNL. No funding on spot. See Fees and funding.

Grid — The overall strategy: a set of buy/sell levels in a price range that the bot maintains.

Grid PNL — The combined result of a grid: position PnL + closed PnL − fees + funding. Shown live and saved to history.

Grid Size (USD) — Total capital allocated to a grid, split across its levels.

HIP‑3 — Hyperliquid's permissionless market‑creation standard. "Builder" markets created under it appear in the Strategies scanner.

Hyperliquid — The first decentralized exchange GRIDer runs on (others in development). Supports perpetuals and spot.

Initial entry price — An optional limit price to start a grid at, instead of entering immediately at market. While waiting, the grid shows Pending entry.

Leverage — A multiplier on your perps buying power (and risk). Capped per token. Spot has none.

Level — One price step in the grid. The number of levels comes from your range and spacing.

Liquidation — Forced closure of a leveraged perps position that runs too far against you. Avoid by using sensible leverage and a stop‑loss. Not applicable to spot.

Lower limit / Upper limit — The bottom and top of your grid's price range.

Mid price — The midpoint between the best bid and ask; GRIDer prices market closes off the live mid.

Non‑custodial — You keep custody of your funds; GRIDer can trade via the agent wallet but cannot withdraw. See Non‑custodial & security.

Pending entry — The state of a grid waiting for its initial limit order to fill before placing the rest.

Perpetual (perp) — A derivative market with no expiry, supporting leverage and funding. The default for grids.

Reduce‑only — An order that can only reduce a position, never flip it. GRIDer uses reduce‑only when closing, so a close can't accidentally open the opposite side.

Slippage — The gap between expected and executed price. GRIDer closes at market with escalating slippage tolerance (3% → 6% → 10%) to ensure a fill on illiquid tokens.

Spacing — The percentage gap between consecutive grid levels. Tighter spacing = more, smaller trades.

Spot — Trading the actual token against USDC. Long‑only, no leverage, no funding. See Spot vs perpetual grids.

Stop‑loss — An optional price at which GRIDer closes the grid to cap a losing breakout. Backend‑managed. LONG: below the lower limit; SHORT: above the upper.

Volume — The total notional traded by a grid. Used in your history, the leaderboard and the (upcoming) points and referral programs.