Summary
Move USDC from your token cash balance to your perps cash balance on Hype so you can use USDC as collateral for perps trading.
Funding your perps cash balance means moving USDC from your token cash balance into your perps cash balance. This gives you collateral available for perpetual futures trading.
Both balances exist inside your Hype account. Moving funds between them is an internal transfer, not a deposit from outside Hype.
To fund your perps cash balance:
- Open your profile screen.
- Tap
Transfer cash. - Choose the direction from token cash balance to perps cash balance.
- Enter the amount of USDC to move.
- Confirm the transfer.
The transfer screen shows both balances side by side. You may see quick amount buttons, such as 50, 100, 500, and 1,000 dollars, plus a percentage slider for moving part or all of an available balance.
The minimum transfer into your perps cash balance is 5 USDC. Transfers between token cash balance and perps cash balance are free and instant inside the app.
If you do not have USDC in your token cash balance yet, deposit USDC first using an available deposit method, then return to the transfer flow.
The first time you fund your perps cash balance, Hype may create your perps account in the background. If the connected protocol charges an account creation fee, Hype may cover that fee for you where supported.
FAQ
What is the minimum transfer into my perps cash balance?
The minimum transfer into the perps cash balance is 5 USDC.
Is moving USDC between balances a withdrawal?
No. It is an internal transfer between your Hype token cash balance and perps cash balance.
Can I trade perps without funding my perps cash balance?
No. You need USDC in your perps cash balance to use as collateral.
Related articles: Managing Your Perps Cash Balance, Placing a Perps Trade, Perps Trading Fees.
Legal Notice
Perpetuals ("Perps") are provided by third-party protocols and are not available to U.S. Persons (citizens, residents, or anyone located in the U.S.). Do not attempt to access perps from within the United States.
For purposes of these Terms, a "U.S. Person" means: (i) any natural person resident in the United States; (ii) any citizen or permanent resident of the United States, including any such person temporarily located outside the United States; (iii) any entity organized or incorporated under the laws of the United States or any state thereof; (iv) any estate of which any executor or administrator is a U.S. Person; (v) any trust of which any trustee is a U.S. Person; (vi) any agency or branch of a non-U.S. entity located in the United States; (vii) any discretionary or non-discretionary account held by a dealer or fiduciary organized, incorporated, or (if an individual) resident in the United States; or (viii) any entity organized or incorporated outside the United States that is formed by a U.S. Person principally for the purpose of investing in unregistered securities or derivative instruments. "United States" means the United States of America, its territories and possessions, any state of the United States, and the District of Columbia.
Representations and Warranties. By accessing or using Perps functionality, you represent and warrant that: (a) you are not a U.S. Person; (b) you are not accessing Perps from within the United States; (c) you are not accessing Perps on behalf of, or for the benefit of, any U.S. Person; (d) you will not use any VPN, proxy, anonymization service, location-spoofing technology, or other mechanism to conceal your location, misrepresent your residency, or circumvent geographic or eligibility restrictions applicable to Perps; and (e) you understand that these representations are material and that Hypeshot, Inc. is relying on them in providing you access to Perps functionality.
YOU ACKNOWLEDGE THAT PERPS TRADING CARRIES SUBSTANTIAL RISK OF LOSS. YOU HEREBY RELEASE AND HOLD HARMLESS HYPESHOT, INC. AND ITS AFFILIATES, REPRESENTATIVES, AGENTS, PERSONNEL, PARTNERS, LICENSORS, SERVICE PROVIDERS, OFFICERS, DIRECTORS, EMPLOYEES, AND CONTRACTORS (COLLECTIVELY, THE "COMPANY PARTIES") FROM ANY AND ALL LOSSES, DAMAGES, OR CLAIMS ARISING FROM OR IN CONNECTION WITH YOUR USE OF PERPS FUNCTIONALITY, INCLUDING BUT NOT LIMITED TO LOSSES FROM LIQUIDATION, LEVERAGE, MARKET MOVEMENTS, PROTOCOL FAILURES, OR THIRD-PARTY ACTIONS.