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Deposits to Hyperliquid are made using the LI.FI swap and bridge functionality. USDC Spot and USDC Perps are available as Hyperliquid L1 protocol targets in LI.FI — deposits are routed directly to Hyperliquid Core, they do not need to go through Arbitrum. If the user already has USDC on Arbitrum, they can deposit directly via the Hyperliquid bridge with a normal transfer. Funds can be deposited to either destination:
Deposit DestinationDescription
USDC SpotLands in the user’s Hyperliquid spot balance
USDC PerpsLands directly in the user’s perps margin balance
Under unifiedAccount abstraction mode (which the LI.FI Perps API automatically enables), both spot and perps USDC balances are available for perps trading across the default ('') and HIP-3 ('xyz') sub-providers. It does not matter which destination you deposit to — both are usable as margin.
Deposit functionality is not part of the Perps API — use the existing LI.FI SDK or API to execute deposits.