# How to Short on Hyperliquid: Step-by-Step Guide to Short Selling

> Learn how to short sell crypto on Hyperliquid. Step-by-step guide to opening short positions, setting leverage, managing risk, and profiting from price drops.

*Source: https://hyperliquidguide.com/guides/getting-started/how-to-short-on-hyperliquid*

## What Is Short Selling?

Short selling means profiting when an asset's price goes **down**. Instead of buying low and selling high, you sell first and buy back later at a lower price. On Hyperliquid, shorting is seamless because you are trading **perpetual contracts** - there is no need to borrow the underlying asset from anyone.

> **Key takeaway:** On Hyperliquid, shorting is as simple as clicking "Sell/Short." You are trading perpetual futures, so there are no borrowing fees, no locate requirements, and no restrictions on which assets you can short.

![Hyperliquid trading interface — place short positions](/images/getting-started/how-to-trade-on-hyperliquid/trading-interface-annotated.webp)

If you are brand new to Hyperliquid, start with our [complete beginner's guide](/guides/getting-started/how-to-trade-on-hyperliquid) first. Need a refresher on terms like funding rate, mark price, or liquidation? See our [trading glossary](/guides/getting-started/hyperliquid-glossary). If you already have a wallet connected and USDC deposited, you are ready to short.

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## How to Open a Short Position