Hyperliquid fees explained
Hyperliquid charges 0.045% taker and 0.015% maker on perpetuals at the base tier, with no gas fees on trades. Here's the full picture and how to pay less.
Base fees
| Market | Taker | Maker |
|---|---|---|
| Perpetuals | 0.045% | 0.015% |
| Spot | 0.070% | 0.040% |
Taker orders fill immediately against the order book (market orders). Maker orders rest on the book and wait to be filled (limit orders). Using limit orders is the easiest way to pay less.
HIP-3 markets (builder-deployed perps such as many stock and commodity markets) charge 2x the standard fee. Check the market before you trade.
Volume tiers
Your tier depends on your 14-day weighted volume: perps volume plus 2x spot volume. Tiers are updated daily (UTC), and one tier applies across perps and spot.
| Tier | 14-day weighted volume | Perps taker | Perps maker |
|---|---|---|---|
| 0 | Base | 0.045% | 0.015% |
| 1 | > $5M | 0.040% | 0.012% |
| 2 | > $25M | 0.035% | 0.008% |
| 3 | > $100M | 0.030% | 0.004% |
| 4 | > $500M | 0.028% | 0.000% |
| 5 | > $2B | 0.026% | 0.000% |
| 6 | > $7B | 0.024% | 0.000% |
Source: Hyperliquid fee docs. Rates shown before staking and referral discounts.
Three ways to pay less
- Referral code (4%). Sign up with code HYQUID for 4% off on your first $25M in volume. Free, takes two minutes.
- Limit orders. Maker fees are a third of taker fees at the base tier.
- HYPE staking. Staking HYPE unlocks a fee discount, starting at 5% for more than 10 HYPE and rising to as much as 40% at the highest staking tier.
Fee calculator
Estimate at base-tier perpetuals fees, before volume tiers and HYPE staking discounts. The discount applies to your first $25M in volume.
Other costs
- Gas: no gas fee to place, cancel or fill orders on HyperCore.
- Deposits: free.
- Withdrawals: a flat 1 USDC fee to Arbitrum.
- Funding: perps pay or receive funding every hour. It isn't a fee to Hyperliquid, but it affects your P&L on long-held positions.
FAQ
What are Hyperliquid's trading fees?
At the base tier, perpetuals cost 0.045% taker and 0.015% maker. Spot costs 0.070% taker and 0.040% maker.
Does Hyperliquid charge gas fees?
No gas is charged to place, cancel or fill orders on HyperCore. Withdrawals to Arbitrum cost a flat 1 USDC.
How do I lower my Hyperliquid fees?
Use a referral code for 4% off, use limit orders, stake HYPE, and trade enough volume to reach higher tiers.
How is my fee tier calculated?
By 14-day weighted volume: perps volume plus twice your spot volume, assessed daily in UTC.