HPL/USDC spot market
The HPL/USDC market is a spot pair: you exchange HPL for USDC outright, with no leverage, no funding and no liquidation. What you buy is what you hold.
Trades match on Hyperliquid's on-chain order book and settle to your spot balance immediately. Balances stay in your own wallet's control the entire time.
Contract details
- Market type
- Spot
- Pair
- HPL/USDC
- Base asset
- HPL
- Quote asset
- USDC
- Leverage
- None
- Settlement
- Immediate, on-chain
- Venue
- Hyperliquid L1
- Trading hours
- 24/7
- Custody
- Self-custodial
Frequently asked
How do I buy HPL on Hyperliquid?
Connect a wallet, fund your spot balance with USDC, then place a market or limit order on the HPL/USDC book. Filled HPL lands in your spot balance straight away.
Is HPL/USDC leveraged?
No. Spot trading has no leverage, no funding payments and no liquidation. To take a levered position on HPL you would need a perpetual market instead, where one exists.
Where do my HPL tokens go after a fill?
Into your Hyperliquid spot balance, under your own address. From there you can withdraw them, send them to another address, or bridge tokens with an EVM deployment to HyperEVM.