Glossary
Key terms used across GRIDer and these docs.
Trading access / agent wallet — The venue-specific trading authorization your GRIDer instance uses to place and cancel orders. Its exact form depends on the exchange — an agent wallet on Hyperliquid and Aster, a trading/API key on Lighter and Pacifica, a Stark key on Extended, a session key on RiseX — but it should never have withdrawal permission. See Instance setup.
Backtest — A simulation of your grid over real recent prices (7/15/30 days). Estimates closed-trade PnL, volume, exchange fees and funding; excludes open-position PnL and doesn't stop at your stop-loss. See Backtesting.
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).
Exchange fee — The trading fee charged by the selected exchange on each fill. GRIDer does not charge builder fees. See Costs, fees and funding.
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 Costs, 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 - exchange fees + funding. Shown live and saved to history.
Grid Size (USD) — Total capital allocated to a grid, split across its levels.
Aster — One of GRIDer's live exchanges for perpetual grids.
HIP-3 — Hyperliquid's permissionless market-creation standard. Some markets created under it appear in the separate public grid range study.
Hyperliquid — One of GRIDer's live exchanges. Supports perpetuals and spot, including HIP-3 builder markets.
Lighter — One of GRIDer's live exchanges for perpetual grids.
Pacifica — One of GRIDer's live exchanges for perpetual grids.
Extended — One of GRIDer's live exchanges for perpetual grids.
RiseX — One of GRIDer's live exchanges for perpetual grids.
Initial entry price — An optional limit price to start a grid at a specific level. 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; your GRIDer instance can trade via limited trading access but should never be able to 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.
Self-hosted instance — Your own GRIDer deployment running on your server or VPS. It holds your local configuration and executes your strategies.
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.
Software licence — The paid right to install and use GRIDer within the capacity and term of the selected plan. It is separate from exchange trading fees and is never priced by trading volume or results.
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 your GRIDer instance closes the grid to cap a losing breakout. LONG: below the lower limit; SHORT: above the upper.
Virtual TWAP — A non-native exchange entry mode: GRIDer splits a market entry into several parts and executes one part every 30 seconds until the initial size is complete.
Volume — The total notional traded by a grid. Used in your local history and grid summaries.