Summary
Understand how Hype separates token cash and perps cash balances, how to transfer USDC between them, and how withdrawals work.
Hype uses two separate USDC cash balances:
- Token cash balance: Used for spot trading, deposits, and withdrawals.
- Perps cash balance: Used for perpetual futures collateral and margin.
You can move USDC between these balances as needed. Transfers between your token cash balance and perps cash balance are free and instant inside the app.
To move USDC into your perps cash balance, open your profile screen, tap Transfer cash, and choose the direction from token cash balance to perps cash balance. The minimum transfer in is 5 USDC.
Once USDC is in your perps cash balance, it can be split between:
- Available margin: USDC you can use to open new positions or transfer out.
- Committed margin: USDC currently allocated to open positions.
Only available perps cash can be transferred back to your token cash balance. Margin committed to an open position cannot be moved until the position is closed, reduced, or margin is removed where supported.
To move funds back, use Transfer cash and choose the direction from perps cash balance to token cash balance. The minimum transfer out of the perps cash balance is 2 USDC.
To withdraw funds from Hype entirely, first transfer USDC from your perps cash balance back to your token cash balance. Then withdraw from your token cash balance using the standard withdrawal flow. There is no direct withdrawal from the perps cash balance.
FAQ
Can I withdraw directly from my perps cash balance?
No. Move funds to your token cash balance first, then withdraw.
Why can I not transfer all of my perps cash out?
Some USDC may be committed as margin to open positions. Close, reduce, or adjust positions to free it.
What is the minimum transfer out of perps cash?
The minimum transfer out of the perps cash balance is 2 USDC.
Related articles: Funding Your Perps Cash Balance, Adjusting Margin on an Open Position, 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.