Explore a Hyperliquid-style perp exchange on an EVM-oriented stack. Test matching, funding, liquidations, and ADL before committing to a production design.
Best for: exchange mechanics on an EVM-oriented stack. Core question: how does a perp exchange behave under stress?
Built for teams that want to understand exchange behavior, not just exchange UI.
Inspect how order placement, fills, and matching flow through a perp engine.
See how funding interacts with positions, collateral, and exchange health over time.
Trigger price shocks and observe liquidation logic under stress.
Explore what happens when liquidation alone is not enough to keep the system safe.
This is most useful when you are designing a perp venue or evaluating market mechanics.
Validate exchange mechanics before writing your full system.
Compare behavior across execution surfaces and risk models.
Get a working conceptual scaffold instead of starting from zero.
These are the kinds of questions this sandbox is meant to make concrete.
Move the mark away from the index and watch how funding pushes positions back toward balance.
Drop the market, inspect who becomes liquidatable, and see how the engine clears risk.
Explore what happens when ordinary liquidation is not enough and the system needs a final safety mechanism.
This direction only matters if it exposes concrete internal behavior rather than high-level claims.
Show which variables pushed an account toward liquidation and by how much.
Replay the mark, index, funding rate, and position impact through time.
Expose the state transition from healthy to liquidatable to cleared risk.
The goal is not just to understand the architecture. It is to watch the whole system move.