Transfers & Funding

HyperSwap Terminal makes it easy to fund your trading, move assets between environments, and track funding costs from one place.

Funding your Perps account

Perps trading on Hyperliquid uses a collateral balance. You can fund it by transferring collateral (typically USDC) into your perps balance, then trade with leverage.

In Hyperliquid’s API model, transfers are handled through the “sendAsset” action, which can move collateral between:

• your spot balance and your perp DEX balance

• different sub-accounts (when used)

  Only the collateral token can be transferred to/from a perp DEX.

Moving assets between HyperCore and HyperEVM

Hyperliquid has HyperCore (core trading layer) and HyperEVM (EVM execution layer). HyperSwap Terminal surfaces balances split across these environments so you always know where your assets live.

Transfers Core → EVM can be done via a system transfer mechanism (e.g., using a spotSend-style action to a system address), and the linked ERC-20 is credited on HyperEVM by a system transaction.

What you can do from the Terminal

From the Account/Balances actions, you can typically:

• Transfer assets between Spot ↔ Perps
• Transfer assets between Core ↔ EVM
• Send tokens to another address
• Bridge assets (when applicable routes are enabled)

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Funding (Perps)

Funding is a periodic payment between longs and shorts that helps keep perp prices aligned with the reference market.

On Hyperliquid:

• Funding is computed using an 8-hour rate formula

• But it is paid every hour at 1/8 of the computed rate

  HyperSwap Terminal surfaces this through:

• Funding rate visibility per market

• Funding history in the Account view