Fees
Hyperliquid’s fee system is designed to reward active traders, referral users, and the broader community. By leveraging volume-based discounts, staking and referral incentives, the platform ensures that participation benefits users while funding the ecosystem’s development.
Key Highlights
Volume-Based Benefits (VIP Tiers): Traders enjoy discounts based on their rolling 14-day volume and can earn referral rewards to reduce costs.
Rebates for Market Makers: Continuous maker rebates are paid directly to trading wallets.
Updated Structure (Staking Tiers): Effective April 30, 2025, staking tiers will be introduced and separate fee schedules will apply for perpetuals (perps) and spot markets—with spot volume counting double.
Community-First Approach: All fees are funneled back into the community through the HLP program and the Assistance Fund.
Please note:
Sub-Accounts: Volume from sub-accounts counts toward the master account’s fee tier; all sub-accounts share the same tier.
Vault Volume: Vault transactions are treated separately from the master account.
Referral Discounts: Both referral discounts and referral rewards apply only to your first $25M in volume.
Maker rebates are issued continuously on each trade directly to the trading wallet, and users can claim referral rewards from the Referrals page.
Fee Tiers 📊
VIP + Staking Tiers
General Fee Calculation: Fees are based on your rolling 14-day volume, combining both perps and spot volumes—with spot volume counting double. In other words:
14d weighted volume = (14d perps volume) + 2 × (14d spot volume)
Perps Fee Tiers
Base Rate
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%
Additional intermediate tiers and exact fee rates are detailed in the full documentation.
Spot Fee Tiers
Base Rate
0.070%
0.040%
1
>5M
0.060%
0.030%
2
>25M
0.050%
0.020%
3
>100M
0.040%
0.010%
4
>500M
0.035%
0.000%
5
>2B
0.030%
0.000%
6
>7B
0.025%
0.000%
Staking Tiers
Wood
>10
5%
Bronze
>100
10%
Silver
>1,000
15%
Gold
>10,000
20%
Platinum
>100,000
30%
Diamond
>500,000
40%
Market Maker Tiers
1
>0.5%
-0.001%
2
>1.5%
-0.002%
3
>3.0%
-0.003%
Referral Program 🎁
Hyperliquid incentivizes user growth with a robust referral program, allowing traders to earn rewards by inviting others to the platform.
Referral Rewards:
Referrers Earn: 10% of the fees generated by referred users (adjusted for any discounts).
Referred Users Benefit: Receive a 4% fee discount on their first $25M in volume. Note: Referral discounts do not apply to vaults or sub-accounts, which are processed separately by the clearinghouse.
Community Fee Distribution 🤝
All fees collected on Hyperliquid are reinvested into the community, supporting:
The HLP (Hyperliquid Liquidity Provider) Program: Incentivizes liquidity provision.
The Assistance Fund, which protects and stabilizes the ecosystem.
Resources
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