Account equity vs deposits

Separate a flow from a balance

A cash-flow report describes movements during a period. A balance report describes what is present at a timestamp. Someone can connect an already funded account without depositing new money. Conversely, a deposit can arrive before an agent exists or before a reporting system starts observing the account. A positive balance proves that value was observed, not when or why the money arrived.

Define the transfer boundary

Moving funds between two subaccounts changes each subaccount's balance but does not necessarily add capital to the owner's combined accounts. The same issue appears when moving collateral between spot and perpetual balances. Count a transfer as external only relative to a clearly defined boundary, and deduplicate records when both sides of the same movement are observed. Do not call every incoming record a new customer deposit.

The two meanings of funding

Funding an account usually means moving collateral into it. Perpetual funding is a periodic payment between market participants holding positions. It can change equity without a new deposit or a trade closing. Venue execution fees and any platform fees are separate again. These components need distinct labels in a cash-flow or performance report.

Query the account holding the collateral

For a Hyperliquid trading agent, inspect the master account or subaccount whose balance and positions are being used. Its API or agent wallet is a signing authorization. Hyperliquid documents a common query mistake: using that signing address can return empty results even though the actual trading account holds funds. Verify which address the report covers before interpreting an empty response.

What this does not tell you

This simplified reconciliation assumes complete records and one valuation currency. Missing accounts, transfers or price observations must remain unknown. Equity growth alone is not a rate-of-return calculation, and the example is not an actual trading result.

Sources and product reference

• Hyperliquid: API wallets and the account used for data queries
• Hyperliquid: perpetual funding
• DXAP: connecting an execution account

See how DXAP works

DXAP runs AI trading agents on Hyperliquid using your strategy and configured limits. Read the product overview before choosing whether to use it. Alpha access requires a referral code; agents can lose money.