Hyperliquid Maker vs Taker Fees: What You Pay Per Trade
Maker vs taker fees on Hyperliquid at the base tier, what makes an order a maker or taker, and a dollar example for perps and spot.
Direct answer
At the base volume tier, Hyperliquid charges 0.045% for perp taker orders and 0.015% for perp maker orders. Spot is 0.070% taker and 0.040% maker. A maker order rests in the book and adds liquidity; a taker order removes it. Rates fall as rolling 14-day volume rises, so confirm your own account rate before sizing a trade.
In short
- 1Taker orders cost roughly three times as much as maker orders at the base perp tier.
- 2Whether an order is maker or taker depends on how it fills, not on which button you pressed.
- 3Fees are one part of cost; spread, slippage, and funding sit on top.
What is the difference between a maker and a taker?
A maker order rests in the order book and is filled later by someone else's order. A taker order matches against orders already resting, so it removes liquidity immediately. The same account can be a maker on one fill and a taker on the next.
Fee role follows the fill. A limit order priced across the spread executes at once and is charged as a taker, even though it was entered as a limit order.
What are the base maker and taker rates?
The reviewed base tier, before any volume, staking, or referral discount, is below. Higher volume tiers lower these rates.
- Perps: 0.045% taker, 0.015% maker.
- Spot: 0.070% taker, 0.040% maker.
- Perps volume counts once and spot volume counts twice toward the shared 14-day tier.
What does that look like in dollars?
Open a $10,000 perp position at the base tier. A taker entry costs $4.50 and a maker entry costs $1.50. Closing the same size costs the same again, so a taker round trip is $9.00 and a maker round trip is $3.00.
The $6.00 gap on one $10,000 round trip is why order type matters for active traders. It is also why a resting order that never fills is not free: you save the fee but may miss the move.
Do stop orders pay taker fees?
A stop-market order submits a market order once its trigger is hit, and that market order depends on available liquidity. Because it takes from the book, plan for taker-side cost plus slippage rather than the maker rate.
What this does not cover
The base schedule cannot see your account's actual tier, staking discount, referral status, or the settings of a builder-deployed market. Use the fee calculator and the account fee lookup for a personal number, then add funding and slippage separately.
Example: the same $25,000 trade two ways
Say you buy $25,000 of a perp at the base tier. As a taker the entry costs $11.25. As a maker it costs $3.75. If you close the same way, the round trip is $22.50 as a taker or $7.50 as a maker, a $15 difference on one trade.
If you trade a few times a day, that gap compounds into the largest controllable cost in your plan, which is why the order type deserves a deliberate choice rather than a default.
Common mistakes
Fix them by checking the fill role in your trade history and by modelling both a maker and a taker case before sizing.
- Assuming a limit order is always a maker order when it is priced across the spread.
- Using the base rate in a plan when your tier or discounts have changed it.
- Comparing perp fees with spot fees without noting that spot rates are higher at the base tier.
Next useful check
Apply this before you trade
Sources
2 references · ExpandCollapse
- Hyperliquid Docs: FeesAccessed 2026-08-26Supports: Rolling 14-day volume tiers, perps and spot fee schedules, HIP-3 deployer fee scale and growth mode, strict HYPE staking-tier thresholds and discounts, referral fee formula and limits, staking-account linking risks, fee-model caveats, fee distribution to HLP, the assistance fund, and deployers, the assistance fund system address, and burn recognition of assistance-fund HYPE.
- Hyperliquid Docs: Order typesAccessed 2026-08-25Supports: Stop-market trigger behavior and the dependence of a triggered market order on available liquidity.