Move funds from Solana to papertrade

Updated 19 October 2026 · General information, not tax advice

papertrade is a synthetic perps exchange on Hyperliquid, and you trade it with USDC. From Solana you can deposit USDC in papertrade's own deposit flow, or bridge to Hyperliquid first and deposit from there. papertax isn't affiliated with papertrade or any bridge below.

Before you start

An EVM wallet such as MetaMask or Rabby to use papertrade, plus your Solana wallet.
USDC on Solana. papertrade takes USDC. If you hold SOL, see below.
Some SOL for fees. Solana transactions are paid in SOL.
At least 10 USDC. Independent guides give papertrade's minimum deposit as 10 USDC, with a one-time 1 USDC activation fee on your first deposit. Send enough that the minimum still arrives after bridge fees.

Route 1: deposit from Solana in papertrade

The simplest route. Independent guides list Solana among the networks papertrade accepts USDC deposits from, with a personal deposit address for each user.

Go to papertrade.xyz from a bookmark or by typing it, and open the exchange.
Connect your EVM wallet and open the deposit screen.
Choose Solana as the source network and USDC as the asset. If Solana isn't listed, use route 2.
Follow the steps shown. If you're given a deposit address, send USDC on Solana to exactly that address from your Solana wallet, starting with a small amount above the minimum.
Wait for the bridge to complete before sending the rest.

Route 2: through Hyperliquid

Useful if you already use Hyperliquid, or if papertrade's deposit screen doesn't offer Solana. Independent guides say deposits from Hyperliquid credit within seconds.

Bridge USDC from Solana to native USDC on Arbitrum with a bridge Hyperliquid's docs list, such as deBridge. deBridge can also deliver from Solana straight to your Hyperliquid account.
If you landed on Arbitrum, open app.hyperliquid.xyz, connect the same EVM wallet and use Deposit. You need a little ETH on Arbitrum for gas, and Hyperliquid says deposits under 5 USDC are lost.
In papertrade's deposit screen, choose Hyperliquid as the source and follow its steps.

Circle's docs note that a new Hyperliquid account pays a one-time 1 USDC activation fee on its first outgoing action. Each bridge shows its own fee before you confirm.

If you hold SOL, not USDC

Swap SOL for USDC in your Solana wallet first. Alternatively, Hyperliquid accepts SOL sent on Solana to the deposit address its app shows, which you then sell for USDC on Hyperliquid spot before moving it to papertrade. Either way, the swap is a disposal of SOL for tax.

Safety checks

Use bookmarks. Open papertrade, Hyperliquid and bridge sites from a bookmark, not from ads, search results or messages. Fake sites copy real ones.
Send a small test first, above every minimum on the way, then the rest.
Check the address and network before each send, and compare the whole address after you paste it.
Native USDC only. Hyperliquid's Arbitrum deposit takes native USDC. Bridged USDC.e is a different token.
Keep gas on each chain: SOL on Solana, and ETH on Arbitrum if you route through it.
Mind the minimums: 5 USDC for Hyperliquid's Arbitrum deposit and 10 USDC for papertrade.

Getting funds back

Independent guides say papertrade can withdraw to Solana, Hyperliquid, HyperEVM, Ethereum or Arbitrum, with a 10 USDC minimum withdrawal.

Tax

Moving your own USDC between wallets and accounts is generally a transfer, not a disposal. Swapping SOL for USDC generally is a disposal. General information, not tax advice. More in papertrade tax records and the guides for Australia, the US, the UK, Canada and New Zealand.

Questions

Can I deposit SOL into papertrade?

papertrade takes USDC. Swap SOL for USDC first, on Solana or on Hyperliquid spot. The swap is generally a disposal for tax.

What is the minimum deposit for papertrade?

Independent guides give 10 USDC, with a one-time 1 USDC activation fee on the first deposit. Check the figure papertrade shows before you send.

Is moving USDC from Solana to papertrade taxable?

Moving your own USDC is generally a transfer, not a disposal. Swaps along the way, such as SOL to USDC, generally are. General information, not tax advice.