> For the complete documentation index, see [llms.txt](https://docs.bullpen.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bullpen.fi/getting-started/account-types.md).

# Account Types

Bullpen maintains separate account balances for different market types.

## Account Structure

| Account                | Collateral       | Purpose                           |
| ---------------------- | ---------------- | --------------------------------- |
| **Polymarket**         | USDC.e (Polygon) | Prediction markets                |
| **Perps**              | USDC             | Hyperliquid perpetual futures     |
| **Spot (Hyperliquid)** | USDC             | Hyperliquid spot markets via UNIT |
| **Spot (Solana)**      | SOL / SPL tokens | Solana token trading              |

## Why Separate Accounts?

Different markets have different collateral and settlement requirements:

* **Polymarket** uses USDC.e on Polygon and settles at market resolution
* **Perps** use USDC margin and settle PnL in USDC
* **Hyperliquid spot** settles in the actual tokens traded
* **Solana spot** uses native Solana tokens and SPL standards

Separating accounts ensures collateral for one market type isn't accidentally used for another.

## Viewing Balances

The app shows your balances for each account type:

* **Total Portfolio Value**: Aggregate across all accounts
* **Polymarket Balance**: Available USDC.e + open position value
* **Perps Balance**: Available USDC margin + unrealized PnL
* **Spot Balances**: Token holdings by chain

## Transferring Between Accounts

Use the transfer module to move funds:

1. Open the transfer/account section (bottom-right in the app)
2. Select source account
3. Select destination account
4. Enter amount
5. Confirm transfer

Transfers within Bullpen are near-instant.

### Transfer Routes

| From       | To         | Notes                                   |
| ---------- | ---------- | --------------------------------------- |
| Solana     | Polymarket | Bridges to USDC.e on Polygon            |
| Solana     | HL Perps   | Transfers SOL/USDC to Hyperliquid       |
| Solana     | HL Spot    | Transfers to Hyperliquid spot account   |
| HL Perps   | HL Spot    | Internal Hyperliquid transfer (instant) |
| HL Spot    | HL Perps   | Internal Hyperliquid transfer (instant) |
| HL Perps   | Polymarket | Bridges USDC to USDC.e on Polygon       |
| HL Spot    | Polymarket | Bridges USDC to USDC.e on Polygon       |
| HL Perps   | Solana     | Transfers back to Solana                |
| Polymarket | Solana     | Bridges USDC.e back to Solana           |
| Polymarket | HL Perps   | Bridges USDC.e to USDC on Hyperliquid   |
| Polymarket | HL Spot    | Bridges USDC.e to USDC on Hyperliquid   |

Cross-chain transfers (Solana ↔ Hyperliquid, Solana ↔ Polymarket, Hyperliquid ↔ Polymarket) may take a few seconds to minutes.

## Account Details

### Polymarket Account

* **Collateral**: USDC.e on Polygon
* **Shows**: Available balance, open position value, unrealized P\&L
* **Used for**: Buying and selling prediction market outcome shares, redeeming winning positions

### Perps Account

* **Collateral:** USDC only
* **Shows:** Balance, unrealized PnL, available margin
* **Used for:** Opening/closing perp positions, paying funding

### Spot Account (Hyperliquid)

* **Collateral:** USDC and traded tokens
* **Shows:** Token balances
* **Used for:** Buying/selling HL-listed spot assets

### Spot Account (Solana)

* **Collateral:** SOL + any SPL token
* **Shows:** All token holdings
* **Used for:** Trading any Solana token via Jupiter Ultra

## Margin Allocation

Within your **Perps** account, you can further allocate margin:

* **Cross Margin**: Entire balance backs all positions
* **Isolated Margin**: Allocate specific margin per position

See [Margin & Leverage](/trading/margin-and-leverage.md) for details.


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