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
Market makers benefit from lower fees through a dedicated tier system that rewards high liquidity providers—Hyperliquid offers no special programs or rebates—anyone can participate. Tools and support: Python SDK | #api-traders Discord.
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.
How to Refer: Once you complete $10,000 in trading volume, create your referral code on Hyperliquid Referrals and share your unique link: https://app.hyperliquid.xyz/join/YOURCODE
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.
Further information on the vault page.
Resources
Refer to the full documentation for more granular tier details.
Fee Calculator: You can determine the number of fees you pay in different situations. @0xHyperBeat
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