Funding an account
Funding a Hyperliquid account is simpler than it was in 2023, but the terminology still trips people up — particularly the distinction between the chain, the perp account, and the spot account.
In short
Hyperliquid trades USDC-collateralised contracts. USDC is natively minted on Hyperliquid, and Circle's CCTP supports transfers from chains such as Arbitrum directly into HyperCore. A legacy Arbitrum bridge still exists and holds under 10% of HyperCore's USDC supply. Inside your account, USDC can be moved between the perp and spot balances, and withdrawing unrealised profit is constrained by a margin requirement.
USDC on Hyperliquid is native, not a wrapped representation — Circle's contracts exist on the HyperEVM and Circle documents CCTP transfers from Arbitrum into HyperCore. In practice most users arrive with USDC on another chain and use a supported transfer route to land it on Hyperliquid.
The original Arbitrum bridge remains available and audited, but it is now a minority path: the documentation notes it holds less than 10% of HyperCore's USDC supply.
Within a Hyperliquid account, USDC sits in either the perp account, where it acts as collateral for perpetual positions, and the spot account, used for spot trading and for moving HYPE to and from staking. Transfers between them are internal and immediate.
Perpetual contracts are USDC-margined with USDT-denominated oracle pricing for most assets, so no USDC/USDT conversion is applied — a detail that matters only in extreme stablecoin dislocations, but worth knowing.
Unrealised profit is withdrawable, but only up to a limit. Any action that removes margin — a withdrawal, a transfer to the spot wallet, removing isolated margin — must leave remaining margin of at least the initial margin requirement and at least 10% of the total notional value of open positions.
That rule is the reason a large open position can make an apparently profitable account feel illiquid. It is a margin-buffer requirement, not a lock-up.
Hyperliquid supports sub-accounts, and their trading volume counts toward the master account's fee tier, with all sub-accounts sharing the same tier. Vault volume is treated separately.
HyperMirror uses this primitive deliberately: one sub-account per mirrored leader, so two leaders taking opposite sides of the same asset do not net each other out and each leader's attribution stays clean.
Methodology
Scoring and replacement are documented in full on How it works and in the Docs (Policy v3). In short: the Elite basket is sticky, emergencies remove a leader immediately, and soft issues accrue at most one strike per UTC day with three strike-days triggering replacement. Read how it works or the documentation for the full table.
Questions
USDC. Perpetual contracts are USDC-margined, with oracle prices denominated in USDT for most assets and in USDC for a few such as HYPE-USD and PURR-USD.
Removing margin must leave at least the initial margin requirement and at least 10% of the total notional value of your open positions. Close or reduce positions to free the rest.
No. Sub-account volume counts toward the master account and all sub-accounts share the same fee tier. Vault volume is counted separately.
Keep reading
Score-weighted allocation across up to 10 elite Hyperliquid traders, each isolated in its own sub-account. Your funds never leave your account.
Non-custodial · Agent cannot withdraw · Cancel delegation anytime
