What is Totalis? The complete guide to the prediction market app on Hyperliquid

Contents

What is Totalis?#

Totalis is an app for trading prediction markets on Hyperliquid, the blockchain built for trading. It lists Hyperliquid's HIP-4 outcome markets, lets you trade any of them on its own, and lets you combine several into one position called a Combo. The Totalis Hyperliquid docs describe the split in one line: a single trades on the HyperCore order book, a Combo is quoted by market makers and held in the Totalis vault on HyperEVM until the markets settle.

A prediction market prices a question about the future, such as "Will the Knicks beat the Bucks?" or "Will BTC be above 75,000 on Friday at 08:00 UTC?" Each market has a Yes side and a No side. A side's price runs from 0 to 1 USDC and reads as a chance: a Yes price of 0.62 means the market thinks the event is about 62% likely. If you hold Yes and the event happens, each share pays 1 USDC at settlement; if it doesn't, it pays 0.

Hyperliquid added these markets to its chain with HIP-4, the improvement proposal its docs describe as outcome markets: fully collateralized contracts that settle within a fixed range, with no leverage and no liquidations. Totalis does not run its own markets or its own order book. It is an app on top of Hyperliquid's, plus the Combo layer that Hyperliquid does not have. Our guide to HIP-4 outcome markets covers how those markets work underneath.

Totalis is sometimes called Totalis Trade, after its website, totalis.trade. This page describes the Totalis app on Hyperliquid as it runs on 10 November 2026.

Who is Totalis for?#

Totalis is for traders outside the US who want to trade prediction markets on Hyperliquid, and especially those whose view spans more than one event. If you think the Chiefs win on Sunday and BTC holds above a level by Friday, a Combo lets you hold that whole view as one position with one payout, instead of two separate trades.

It suits a few kinds of people:

• Prediction market traders who want sports, esports, crypto, stock, index, commodity and Fed markets in one app, with Combos across those categories. Our essay on why Combos beyond sports matter makes the case for mixing them.
• Hyperliquid users who already hold USDC on Hyperliquid and want its outcome markets in an app built for them. If you are new to the chain, start with what Hyperliquid is and how it works.
• Market makers, who quote Combos and back the positions they fill. Per the Totalis market making guide, any Totalis account can make markets: makers see every request, quote the ones they want and earn the difference between what they quote and what the outcomes turn out to be worth.
• Builders, who can run a trading bot on their own account or put Totalis inside their own frontend and earn on the volume they bring, as the Build on Totalis guide sets out.

It is not for anyone in the US, anyone who wants political markets today, or anyone who needs a position larger than 1,000 USDC in one Combo. The limits section below lists every cap.

What can you trade on Totalis?#

You can trade Hyperliquid's HIP-4 outcome markets that Totalis lists. As of 10 November 2026, the Totalis markets API returned close to 300 markets in five categories: sports, esports, crypto, finance and economics. About two-thirds of them could join a Combo that day; the rest were outside the 7-day window or came from a market deployer Totalis does not list for Combos.

There were no La Liga or Serie A markets and no politics markets. Hyperliquid and its deployers add and settle markets every day, so the list moves. The Fed decision market, for example, opens for Combos on 2 December 2026, inside its 7-day window; our guide to Fed rate decision prediction markets compares where else you can trade it.

Who creates the markets? Not Totalis. Each HIP-4 market is created and settled on Hyperliquid by its deployer, and our HIP-4 guide covers who can deploy and the rules they follow. Totalis decides which of those markets and deployers to show, and which may join a Combo, as its terms of service say.

How does a single trade work?#

A single is one outcome, Yes or No, and it trades directly on Hyperliquid's HyperCore order book. When you buy, the app signs an order with your wallet and sends it to HyperCore, where Hyperliquid matches, executes and settles it. Totalis is not your counterparty; another trader on the order book is.

The order book is public and onchain. Every bid and ask on a HIP-4 market sits on Hyperliquid's ledger, and the price you see in Totalis is the price everyone else sees in any other Hyperliquid app. Yes and No share one merged book, so buying Yes at 0.62 is the same order as selling No at 0.38.

You can sell a single back to the book before the market settles, whenever someone is bidding, at the price the book offers. If you hold it to the end, Hyperliquid settles it automatically: each winning share becomes 1 USDC, each losing share 0. Some HIP-4 markets can settle to a fraction between 0 and 1, which pays each side part; our explainer on scalar HIP-4 markets works through how.

Singles cost less. Orders in the Totalis app usually carry a 0.1% builder fee on the filled value, and Hyperliquid charges its own outcome trading fee on top. Hyperliquid's fee schedule says outcome trading charges only when you close or settle a position, not when you open one. Builder fees are how apps on Hyperliquid earn; our guide to Hyperliquid builder codes explains the mechanism.

What is a Combo?#

A Combo is one position built from 2 to 5 outcomes, called legs, that pays its full payout only if every leg wins. If any leg loses, the whole Combo pays nothing. Sportsbooks call this structure a parlay; prediction markets call it a Combo, and our piece on why prediction markets say Combo explains the naming.

The payout is fixed when you open the Combo. Say you put 10 USDC on three legs and a maker quotes a 40 USDC payout. If all three win, the Combo settles at 40 USDC, before the profit fee. If one loses, it settles at 0.

When a leg settles at a fraction instead of a clean win, the payout scales with it. The Totalis trading guide puts it in one rule: a Combo pays its payout times the product of its legs' results. A full win counts as 1, a loss as 0, and a leg that resolves to 0.5 halves the payout. Two half-paying legs pay a quarter.

Combos exist because many views are about events happening together: a Fed cut and the S&P 500 closing higher the same week, or BTC and HYPE both rising by Friday. Holding them as separate trades ties up more money and pays differently. Our explainer on how multi-leg payouts work shows why a Combo of related legs is priced as one thing, and our research on collateral efficiency for Combos shows how makers back them.

How is a Combo priced?#

A Combo is priced by request for quote (RFQ): you choose legs and a stake, the app asks every market maker at once, and makers compete to offer you the highest payout. You take the quote you want with one signature. There is no fixed formula and no house setting the odds; the price is whatever a maker is willing to fill.

Step by step, as the Totalis docs describe it:

1. You ask. You pick 2 to 5 legs and a stake, and Totalis sends the request to every maker. The request stays open for new quotes for 20 seconds.
2. Makers quote. Each maker that wants the trade answers with a payout: what the Combo pays if every leg wins. Quotes arrive live, and each stays takeable for a few seconds.
3. You take one. You sign the quote you want. Totalis puts the trade onchain and pays the gas.
4. The maker confirms. The maker has 2 seconds to confirm or decline. If it confirms, the Combo opens. If it declines or runs out of time, nothing trades and nothing is charged, and you can ask again.

Why not just multiply the leg prices? Because legs can be related. Two legs on the same game, or BTC and ETH on the same day, tend to move together, so the chance that both win is not the product of their separate chances. The trading guide says it plainly: the quote is the price.

What happens if nobody quotes? Then there is no Combo. An RFQ can get no quotes at all, because each maker prices the legs and can decline, and the terms of service say no RFQ is assured a quote. Unusual combinations, thin markets and large stakes may draw fewer quotes. If that happens, you can drop a leg, lower the stake or try again later. You pay nothing for a request that gets no fill: the entry fee is charged only on a quote you accept.

Who are the makers? Accounts that run quoting software against the same RFQ system; any Totalis account can become one. Totalis or a Totalis affiliate may also act as a maker, and when it does, it is your counterparty for that Combo and backs it with USDC locked in the vault like any other maker, as the terms of service disclose.

Which markets can join a Combo?#

A HIP-4 market can join a Combo when its event is within 7 days, it has a live price on both sides, and Totalis lists it for Combos. Every other listed market can still be traded as a single. The trading guide sets out each condition.

• The 7-day window. A market joins Combos when its event is 7 days away or less, and the app shows when it opens. A market whose event time is unknown, or whose result could already be known, stays out. A sports game stays open while it is being played.
• A live price. Both sides need a real price. A market with an empty, dust-sized or one-sided order book has no price and can't be a leg.
• Listed deployers. Totalis lists Combo markets by deployer, the team that created the market on Hyperliquid. Markets from a deployer it does not list trade only as singles.
• Exclusions. Totalis keeps some markets out of Combos even when they meet the rest.
• One leg per question. Some HIP-4 markets are outcomes of one question, such as "Who wins the Premier League?" Hyperliquid settles exactly one outcome of a question to Yes, so a Combo holds at most one leg from each question. You also can't hold Yes and No of the same market in one Combo.

These conditions change with the clock and the order book, so a market can be open for Combos in the morning and closed by the afternoon. The app marks the ones that can join.

How much does Totalis cost?#

A Combo costs 1.5% of the stake when you open it and 1% of the profit above your net stake if it wins. A single in the app usually costs a 0.1% builder fee plus Hyperliquid's own fee. Totalis charges nothing to deposit or withdraw. Every rate is on the Totalis limits and fees page, and the rate in force when you sign a quote is the one your Combo keeps.

Here is the worked example from that page, extended to partial results. You put 10 USDC on a Combo quoted at a 25 USDC payout. The entry fee is 0.15 USDC, so your net stake is 9.85 USDC.

The profit fee applies only to the part above the net stake: 15.15 USDC of profit on a full win, 2.65 USDC when one leg pays half. A Combo that settles at or below its net stake pays no profit fee. Fees are rounded down to the nearest 0.000001 USDC.

Singles work differently. The 0.1% builder fee applies to the filled value of an order, buy or sell, and some orders carry none, such as a new account's first buy. Orders you send to Hyperliquid yourself, outside the app, pay only Hyperliquid's fee. For Hyperliquid's own fees across perps, spot and outcomes, see our guide to Hyperliquid fees.

Two other costs are Hyperliquid's, not ours. The first time you move USDC to a HyperCore account that has never been used, Hyperliquid takes 1 USDC to activate it, so Totalis asks for at least 2 USDC on that first move. And Totalis pays the network gas for your trades, deposits into the vault and withdrawals, so you don't need to hold HYPE.

There is one way to earn fees back: referrals. The Totalis referral program pays you 40% of the Combo fees paid by traders who join with your invite link, for as long as they trade, plus 10% from the traders they invite and 3% one step further. It is paid weekly in USDC to your Totalis wallet once you are owed at least 5 USD, and your link unlocks after you have traded 5 USD on Totalis.

Where is my money?#

Your USDC sits in your Totalis wallet and in the Totalis vault, a smart contract on HyperEVM. The Totalis docs put the rule this way: the vault moves funds only with a signature from the funds' owner. A Combo's stake and the maker's backing both sit in the vault until the Combo settles or is cashed out.

When you sign up with Google or email, your account gets a wallet embedded in the app. That wallet signs your trades. Totalis does not hold its private key, and you can export it from the app's Account page under Private key, as the Totalis signing guide shows. Anyone with that key can move everything the account holds, so treat it like the key to a self-custody wallet.

Inside the app you see one cash balance, but the USDC behind it can be in three places:

• Your wallet's USDC on HyperEVM, ready to fund a Combo.
• Your vault balance, which holds your open Combo stakes and the winnings Totalis claims for you at settlement.
• Your HyperCore balance, which singles trade from. For wallets created in the Totalis app, vault cash moves to HyperCore in the background when you trade a single, per the Totalis glossary.

When a Combo opens, the maker's side is locked as well. The maker collateral guide says the vault locks each position's worst case for the maker, the amount it pays if every leg wins, at the moment the maker fills. A maker that backs positions that can't all win at once, such as two different teams to win the same league, can lower that to the most its whole book could lose together.

To take money out, you can withdraw USDC to any HyperEVM address in one signed request, with Totalis paying the gas, as the Totalis withdrawals guide shows, or move it to your HyperCore account. For every route on and off Hyperliquid, see our Hyperliquid deposit and withdrawal guide.

How does a Combo settle?#

A Combo settles from Hyperliquid's own results, automatically, with nothing for you to sign. Each leg resolves when its HIP-4 market settles on HyperCore, and settlement starts within about 10 seconds of the deciding leg resolving. A win is then claimed into your vault balance for you.

The deciding leg is not always the last one. If a leg loses while others are still open, the Combo is lost and closes without waiting for the rest.

The Combo uses the same result as the single market: the vault reads each leg's settled value from HyperCore, so a Combo can't settle differently from the market it references. Our HyperEVM guide explains how a contract on HyperEVM reads HyperCore.

Three edge cases are worth knowing:

• A leg resolves to a fraction. The Combo pays less: its payout times every leg's result. A leg at 0.5 halves the payout, as in the cost table above.
• A market is cancelled. If a market in your Combo is cancelled, or Totalis reasonably decides it will not resolve, the terms of service say the Combo is cancelled and your stake, including the entry fee, is refunded to your vault balance.
• Settlement is delayed. Settlement can take longer if Hyperliquid, a market's deployer or the network is slow or a result is disputed. The 10-second figure is when settlement normally starts, not a promise.

Can you cash out a Combo early?#

Yes, if a maker bids for it. Before a Combo settles, you can ask to sell it back. The request goes to the maker that backs your Combo, which has 30 seconds to offer a price; if you take the offer, the Combo closes and the proceeds land in your vault balance. No maker is required to bid, so a cash-out can fail.

The price is whatever the maker offers, and it reflects where the legs stand: nearer the payout when legs have already won, lower when a leg looks likely to lose. The 1% profit fee applies to any part of the price above your net stake, as on a win.

Singles are easier to exit. A single sits on the HyperCore order book, so you can sell it whenever someone is bidding, without a cash-out request.

What are the limits?#

A Combo can have 2 to 5 legs, a stake of up to 1,000 USDC and a payout of up to 1,000 times the stake. The full list, from the limits and fees page as of 10 November 2026:

The 1,000 USDC stake cap is the one most traders notice. The docs describe it as a current limit, and it is why Totalis is not yet a venue for large Combos.

Is Totalis safe?#

Every trading app carries risk, and Totalis is a young one. It is designed so that Totalis can't move your funds on its own: your USDC sits in your wallet and the vault, and the terms of service say Totalis holds no key or permission that lets it move your funds out of the vault without your signature, or that of a signer you have authorized. There is no external security audit of the vault yet, and you can lose everything you put into a Combo.

What Totalis can and cannot do, per the terms of service:

• It can't move your funds out of the vault without your signature, reverse a single once it has executed on HyperCore, or reverse a Combo once the vault has settled it.
• It can submit transactions to the vault for you and pay their gas, pause some vault functions, and cancel a maker's pending withdrawal during the maker's 24-hour withdrawal delay. It may use those powers for security, market-integrity, legal or operational reasons.
• It can decide which markets and deployers are available, and before a Combo executes or settles, cancel or adjust it in cases such as a delisted market, a pricing error or an exploit.

The risks, plainly:

• Smart contract risk. The vault is code. The terms of service say it may be paused, malfunction or be exploited, and that funds locked in it may be unavailable until positions settle or close.
• Maker risk. A maker may not quote, may decline after you accept, or may not bid when you want to cash out. Once a Combo is open, the maker's side is already locked in the vault.
• Market resolution risk. Results come from Hyperliquid and its market deployers, not from Totalis. A deployer can define or settle a market badly, a market can be cancelled, and a result can arrive late.
• All-or-nothing risk. One losing leg makes a Combo pay zero. The more legs, the less likely all of them win.
• Account risk. Your sign-in and your wallet key protect your funds. Anyone who gets either can trade or withdraw.
• Counterparty interest. When Totalis or an affiliate makes markets, it trades for its own account, and its interests may differ from yours.

You can check the app's live status, including the API, market data and settlement, on the Totalis status page.

Who can use Totalis?#

Adults outside the US who have an invite code. The terms of service require you to be at least 18, or the age of majority where you live if that is higher, and not a US person, not located in the US, and not using Totalis from inside the US. A US person includes US citizens anywhere and anyone resident in the US.

The terms also exclude anyone in the Canadian province of Ontario, in a sanctioned country or region such as Cuba, Iran, North Korea, Syria or Crimea, or in any place Totalis designates as restricted. Using a VPN, proxy or anything else to hide your location breaks the terms. If you are in the US, our guide to Hyperliquid and US users explains where the wider Hyperliquid ecosystem stands.

Totalis is invite-only for now. You get in through a current trader's invite link, which looks like totalis.trade/r/theirname, or by emailing the founders at founders@totalis.trade, as the market making guide suggests. Every account starts with 5 invites of its own.

Does Totalis have a token?#

No. Totalis has no token, and there is nothing to buy, stake or claim. You trade, pay fees and get paid in USDC. The terms of service say taking part in the referral program gives no right to any future token. If someone offers you a Totalis token or airdrop, it is not from us.

Who builds Totalis?#

Totalis is backed by Y Combinator; see YC's company page for Totalis. Totalis was the first company to take its YC investment entirely in USDC.

The team is small and builds every part of the product: the app, the RFQ system, the vault and the settlement that reads Hyperliquid's results. We write this blog ourselves, and every number about Totalis in it comes from our docs or our own live API on the day it was checked. You can reach the team on Discord and X, both linked in the site footer.

How is Totalis different from Polymarket and Kalshi?#

Polymarket and Kalshi run their own markets on their own venues; Totalis trades Hyperliquid's markets, on a public onchain order book, and adds Combos across categories on top. Both are much larger than Totalis, with many more markets, including politics. Choose by where you live and what you want to trade.

• Where the markets come from. Polymarket and Kalshi list and settle their own markets. Totalis lists HIP-4 markets that Hyperliquid runs and others deploy, so the same market and the same order book are available in every Hyperliquid app.
• Combos. All three now offer combos priced by RFQ. Kalshi makes each combo its own market with its own order book and says settlement typically comes 1 to 12 hours after the last leg resolves. Polymarket's Combos give makers 400 milliseconds to quote and you 10 seconds to accept. A Totalis Combo starts settling within about 10 seconds of its deciding leg.
• Where you can trade. Totalis is closed to the US. Polymarket's international site is close-only for the US, the UK and other countries, where you can close positions but not open new ones.
• Money. Totalis runs on USDC on Hyperliquid, from a wallet whose key you can export.

For full side-by-side detail, read our Polymarket alternatives guide, our comparison of combo platforms, and Hyperliquid vs Polymarket vs Kalshi for the venues themselves.

How do you get started with Totalis?#

Get an invite, sign up, add USDC and pick a market.

1. Get an invite. Use a friend's Totalis invite link, or email founders@totalis.trade.
2. Sign up with Google or email. Your account comes with a wallet in the app, so you don't need an existing crypto wallet.
3. Add USDC. Move USDC on Hyperliquid into your Totalis wallet. The terms of service also describe buying USDC with a card through a third-party provider in the app.
4. Trade. Buy a single on any listed market, or add 2 to 5 legs to a Combo, ask for quotes and take the one you want.
5. Wait, or cash out. Settlement and claims are automatic. Withdraw whenever you like.

The Totalis app is public to browse before you sign up, so you can see every market and its price first.

What can't Totalis do?#

Totalis is a narrow product, on purpose. Here is what it does not do as of 10 November 2026:

• No US access. It is not available to US persons or anyone in the US.
• No open sign-up. You need an invite code.
• No Combos on every market. Only markets within 7 days of their event, with a live price, from listed deployers, can join, and one per question.
• No promised quotes. Makers can decline any Combo or cash-out, so some requests never fill.
• No politics markets. None are listed today, and neither are La Liga or Serie A.
• No large Combos. Stakes stop at 1,000 USDC.
• No leverage. HIP-4 markets are fully collateralized: you can lose your stake, never more.

About the author#

Turk is a founding engineer at Totalis, the prediction market app on Hyperliquid.

Sources and further reading#

• Totalis Hyperliquid docs: introduction, accessed 2026-11-10
• Totalis limits and fees, accessed 2026-11-10
• Totalis trading guide, accessed 2026-11-10
• Totalis maker collateral, accessed 2026-11-10
• Totalis withdrawals, accessed 2026-11-10
• Totalis referrals, accessed 2026-11-10
• Totalis terms of service, accessed 2026-11-10
• Hyperliquid: HIP-4 outcome markets, accessed 2026-11-10
• Totalis markets API, https://hip4-api.totalis.trade/v1/markets, read on 10 November 2026

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