Hyperliquid deposit not showing: how to fix it

Work through it in this order

Most of the panic here is caused by checking the wrong thing first. The order below goes from the most likely to the least, and from cheapest to fix to hardest.

1. Check the source chain explorer

   Open the transaction on the explorer for the chain you sent from. Until it confirms, nothing on Hyperliquid’s side has happened and there is nothing to diagnose.

   A failed transaction means the funds never left. That is the good outcome: you still have them.

   You should see a transaction that either confirmed, is pending, or failed

2. Check which token you actually sent

   This is the big one, and the reason this page exists. On Arbitrum there are two different tokens both displayed as USDC: native USDC issued by Circle, and USDC.e, the older bridged version on a different contract.

   Hyperliquid takes the native one. A USDC.e transfer confirms perfectly and never credits, which is the worst failure shape there is: no error, no refund, and an explorer that says it worked.

   The explorer shows the token contract. Compare it against Circle’s published native USDC address for that chain. The exchange-to-Hyperliquid guide covers how to avoid this on the way out of your exchange.

   You should see a token contract that matches native USDC on that chain

3. Check the network

   USDC is accepted from Arbitrum,Ethereum,Base,Polygon . Native assets come from their own chains.

   Sending on a chain the window does not list for that asset is the one failure that is genuinely hard to recover from, because it depends on what lives at that address on that chain.

   You should see a network the deposit window lists for that asset

4. Check which balance you are looking at

   USDC on HyperCore sits in either your Perps or your Spot balance, and they are separate views of the same account. A deposit can land in one while you are watching the other.

   Every native asset — BTC, ETH, SOL and the rest — arrives as a spot holding by design. It is not missing; it is on the spot side and needs selling for USDC before it can back a perpetual position. Transferring between Perps and Spot is free and instant.

   One qualifier: whether Perps and Spot are separate pools at all depends on your account mode. In unified account mode they are one balance, so a deposit cannot be hiding in the other one and the cause is further down this page.

   You should see the same amount visible on either the Perps or the Spot side

5. Check the amount, not just the presence

   If the balance is there but slightly short, that is the deposit fee. The window states it above the fields: a flat 0.2 USDC is deducted from what you deposit on the standard route.

   On a small deposit this is a noticeable share, which is why depositing once beats depositing five times.

   You should see the deposited amount minus the flat fee

The four causes, ranked by how often they happen

Timing, so you know when to stop worrying

USDC routes land in minutes. If it has been ten minutes and the transaction confirmed, start at step 2 rather than waiting longer.

Native assets through Unit take longer, because they wait for confirmations on their own chain. Bitcoin waits longest by a wide margin. Slow is normal here.

Exchange-side pending is not a Hyperliquid delay at all. Large withdrawals and newly added addresses commonly trigger a manual review, and nothing has reached any chain yet.

If it was a native asset, it is probably not missing

Worth repeating separately because it accounts for a large share of “my deposit vanished” reports.

Send BTC, ETH, SOL, MON, XPL, AVAX or ZEC and it arrives as a spot balance. Your Perps account will show nothing, correctly. Sell it for USDC on the spot market, then transfer to Perps. The deposit guide has the routes and what each one arrives as.

Preventing the next one

Send a test amount on any route you have not used before, including the first time you use a familiar exchange with a new network.

Read the network dropdown twice, on both sides. The exchange’s withdrawal screen and the deposit window have to agree.

Prefer the standard route over the legacy bridge unless you have a reason.

Land in your own wallet first rather than sending from an exchange to a destination you cannot inspect. An intermediate stop turns an unrecoverable mistake into an inconvenient one.

If a figure on this page disagrees with what the app tells you, the app is right and we want to know — the contact page takes corrections, and they get recorded in the changelog with a date.