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How Mirrorly Works

How Mirrorly Works

Uploaded April 2, 20264 min read
Mirrorly Tutorials

Mirrorly lets you copy the trades of real traders automatically. You pick who to follow, set your own risk parameters, and the platform handles the rest.

Here's how it works:

1. Browse the leaderboard#

Mirrorly tracks traders from Binance and Hyperliquid leaderboards. You can see their stats: profit, win rate, profit factor, average trade duration, and more. These aren't influencers or signal providers. They're real traders, trading their own money.

Mirrorly maintains its own curated traders, hand-picked by the team for consistency and risk behaviour.

2. Connect your exchange#

You link your exchange account to Mirrorly via API (for Bybit, Bitget, or BloFin) or wallet connection (for Hyperliquid). This gives Mirrorly permission to execute trades on your behalf, but your funds never leave your exchange. Mirrorly cannot withdraw anything. Your money stays with you, always.

Important: You must use a separate subaccount dedicated only to Mirrorly. Running other trades in parallel or manually adjusting positions may cause copytrading issues and could put your account at risk of liquidation.

3. Copy across exchanges#

You don't need to be on the same exchange as the trader you're copying. Mirrorly tracks traders on Binance and Hyperliquid, but you can execute on Bybit, Bitget, BloFin, or Hyperliquid. If the trader is on Hyperliquid and you're on Bybit, Mirrorly translates the trade for you. Same asset, same direction, adjusted for your settings.

This cross-exchange functionality is what makes Mirrorly different.

4. Set your copy trading parameters#

This is where you decide how to copy. Mirrorly's settings are divided into three sections:

Opening Behaviour - how trades are opened:

  • Opening Size: Choose between Fixed Value (same USD amount every trade) or Ratio To Trader (your position as a % of theirs)
  • Slippage %: Maximum price deviation you'll accept before a trade is skipped
  • Limit Account Size: Maximum total value your copytrader can hold
  • Maximum Position Size: Cap on any single position per trader
  • Maximum Symbol Size: Cap on total exposure to one asset across all traders

Increase Behaviour - how position increases are handled:

  • Maximum Number of Increases: Cap on how many times to copy a trader adding to their position
  • Maximum Increase Size %: Limit on how much each increase can be

Closing Behaviour - how risk and profit-taking work:

  • Basic Stop Loss %: Per-position stop loss protection
  • Take Profit Orders: Set your own TP logic

Whether the trader is a whale opening million dollar positions or a scalper doing quick trades, your settings adapt the trade to your account. You copy their decisions, not their dollar amounts.

5. Trades execute automatically#

When the trader opens a position, Mirrorly opens one for you. When they close, you close. When they increase or decrease their position, you do the same proportionally based on your settings.

Trades typically execute within 2 seconds. You don't need to watch charts or be online. The system runs 24/7.

6. Understand leverage#

Mirrorly uses cross leverage, and all settings are notional (the position value after leverage, not margin). Your actual leverage depends on your Max Account Limit relative to your account balance.

For example: If you have $10,000 in your account and set Max Account Limit at $20,000, you're effectively at 2x leverage. A 50% drawdown would wipe your entire account.

Pricing#

Mirrorly is free to use when you sign up through referral links for Bybit, Bitget, or BloFin.

For Hyperliquid, Mirrorly uses a builder fee model starting at 0.03%, scaling down with volume:

  • $0-$1M monthly volume: 0.030%
  • $1M-$5M: 0.025%
  • $5M-$10M: 0.022%
  • $10M+: 0.020%

That's it#

Mirrorly connects you to traders you'd never have access to otherwise. You keep full control of your funds, set your own risk parameters, and let the platform handle execution.