How to Deposit USDC to Hyperliquid (Arbitrum Guide)

Hyperliquid uses USDC on Arbitrum as its main trading collateral. If you already hold USDC on Arbitrum, depositing into your Hyperliquid account is a short, on-chain transfer.

If your funds are on another network, you’ll need to get USDC onto Arbitrum first (see Step 1), then deposit.

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Before You Start

Make sure:

• Your wallet is connected to the Arbitrum network
• You hold USDC (Arbitrum) in that wallet
• You have a small amount of ETH on Arbitrum for gas fees

For an overview of the platform and supported collateral, see What Is Hyperliquid?.

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Collateral Assets

Hyperliquid accepts several assets as collateral. The primary one is USDC on Arbitrum. If you deposit BTC, SOL, or ETH (or other supported assets), you will need to sell or convert them to USDC on Hyperliquid before you can use them as margin for perpetuals.

Other supported collateral:

Asset	Network
ENA	Ethereum
2Z	Solana
BONK	Solana
FARTCOIN	Solana
PUMP	Solana
SPX	Solana
Mon	Monad
XPL	Plasma

If you hold these from a centralized exchange or another DeFi wallet, you can deposit them into Hyperliquid.

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Step 1: Get USDC on Arbitrum

To deposit into Hyperliquid, you first need USDC on Arbitrum.

• Already have USDC on Arbitrum? Skip this step and go directly to Step 2: Deposit.

• Funds on another network? Choose one of these:

  • Bridge to Arbitrum using a supported bridge, then swap to USDC if needed.
    → How to Bridge to Hyperliquid
  • Use a direct cross-chain swap to receive USDC on your Arbitrum address (no separate bridge step).
    → How Native Cross-Chain Swaps Work and Get USDC on Arbitrum for Hyperliquid

Once your wallet holds USDC on Arbitrum, you’re ready for Step 2: Deposit.

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Step 2: Deposit USDC to Hyperliquid

1. Open Hyperliquid and connect your wallet. Make sure your wallet is set to the Arbitrum network.
2. Go to the Deposit or Funding section.
3. Select USDC and enter the amount you want to deposit.
4. Confirm the transaction in your wallet and wait for the Arbitrum confirmation.

After the transaction confirms, your USDC balance will appear in your Hyperliquid trading account and you can start opening perpetual positions.

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Bridge vs Swap: Funding from Another Chain

If your funds are not on Arbitrum:

Option	Flow
Bridge	Wallet → bridge to Arbitrum → convert to USDC (if needed) → deposit to Hyperliquid
Direct swap	Send BTC / ETH / SOL (or other supported asset) → receive USDC on Arbitrum → deposit to Hyperliquid

A native cross-chain swap can reduce steps and give you an upfront quote. Bridging uses a separate bridge step before you deposit. Both end with USDC on Arbitrum; choose based on where your funds are and which route is simpler or cheaper for you.

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Frequently Asked Questions

Do I need to bridge before depositing to Hyperliquid?

Only if your USDC is not on Arbitrum. If you already have USDC on Arbitrum, connect your wallet and deposit. If not, use a bridge or a direct cross-chain swap to get USDC on Arbitrum first.

What network does Hyperliquid use for USDC?

Hyperliquid uses USDC on Arbitrum as the main trading collateral. Depositing USDC from another chain will not work unless you first bridge or swap it to Arbitrum.

What do I need in my wallet before depositing?

You need USDC (Arbitrum) and a small amount of ETH on Arbitrum for gas. Your wallet must be connected to the Arbitrum network.

Where can I get USDC on Arbitrum?

If you’re on another chain, you can bridge to Arbitrum and swap to USDC, or use a native cross-chain swap that delivers USDC to your Arbitrum address. See Get USDC on Arbitrum for Hyperliquid and Fund Hyperliquid with USDC for step-by-step guides.

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Final Checklist

Before trading on Hyperliquid:

• USDC must be on Arbitrum
• Wallet connected to Arbitrum
• Deposit transaction confirmed on-chain

After that, you’re ready to trade. For more on funding from other chains, see How to Bridge to Hyperliquid or get a quote for a cross-chain swap to USDC on Arbitrum.