The Transfer tab moves USDC between four locations: **EVM Wallet** (USDC held by the vault on HyperEVM), **Spot** (the vault's HyperCore spot balance), **Crypto Perp** (margin for crypto perps) and **Real World Perp** (margin for tokenized stock and commodity perps). Deposits always route EVM Wallet → Spot → a perp account; there is no one-click route from the EVM wallet straight to a perp account.

Activating the vault's HyperCore account costs a one-time 1 USDC fee, taken from the first deposit — bridge a few USDC or more.

First deposit

Crypto Perp → EVM Wallet is a two-step bridge (Perp → Spot, then Spot → EVM). Real World Perp funds route through Crypto Perp or Spot first.

Withdrawing

HyperCore applies actions a few seconds after the transaction confirms, so balances and positions can lag a confirmed transaction by a moment.

Balance sync

Vaults trade the perp markets approved by protocol governance — major crypto perps plus tokenized stocks, indices and commodities (TSLA, NVDA, GOLD, SP500 and more) — and Hyperliquid spot pairs that are quoted in USDC and enabled in the vault. Markets outside the approved set are hidden in the app and rejected onchain.

Market and limit orders. Limit orders rest on the book (GTC) or fill what they can immediately (IOC). There are no trigger orders — use a resting reduce-only limit order as a take-profit.

Order types

Market and IOC limit orders are checked onchain: the price can't be more than the protocol's slippage cap (currently 3%) past Hyperliquid's reference price — the oracle price for perps. In a fast market this can reject a market order even when the app shows nothing wrong; retry with a fresh price.

Slippage cap

All positions are cross-margined — the whole perp account backs them. The size slider is a sizing helper only; the vault can't change the account's leverage setting or use isolated margin.

Leverage and margin

The app enforces a $20 minimum order value and rounds price and size to Hyperliquid's tick and lot rules automatically.

Order minimums

The vault's Hyperliquid footprint is valued live as the single HL Perps asset, denominated in USDC: perp account equity (margin plus unrealized PnL and funding) plus USDC held on Spot plus any amount in transit over the bridge. Vault performance therefore moves with open positions in real time.

In the **Assets** section, enable **USDC** and **HL Perps**. To also trade Hyperliquid spot markets, enable each spot token you want to hold — this requires the vault's HyperCore account to exist, so make your first USDC deposit before enabling spot assets.

Enable the assets

It opens inside the page and connects automatically — the wallet button in the app shows a **Vault** badge next to your vault address.

Open HyperEVM Trade from the Apps section

In the **Transfer** tab, deposit USDC from **EVM Wallet** to **Spot** (an approval plus a deposit transaction), then move it on to **Crypto Perp** — the deposit dialog offers this as a final step. Fund **Real World Perp** from Crypto Perp; the two perp accounts have separate margin.

Fund the trading account

Use the market selector's **Crypto**, **Real World** and **Spot** tabs. Connected as a vault, only markets approved for vaults are listed; each perp row shows the market's maximum leverage.

Pick a market

Choose Long or Short, market or limit, and the size — entered in USDC or in the asset. The preview shows the order value and the margin required. Market orders execute at the best available price within the slippage limit.

Place the order

The **Positions** tab shows entry, mark and liquidation prices with live PnL. **Close** sends a reduce-only market order for the full size; resting orders are cancelled from **Open Orders**. The close slippage is set via the gear icon on the Positions tab.

Manage and close positions

In the **Transfer** tab, withdraw from **Crypto Perp** to **EVM Wallet** — a two-step bridge (Perp → Spot, then Spot → EVM). Funds land back in the vault a few seconds after the last transaction confirms.

Withdraw back to the vault

Trade perpetual futures and spot from your vault on Hyperliquid's order book.

Perps on HyperEVM Trade