Trade cost model

Hyperliquid Trade Cost Calculator

Enter your trade size to estimate fees.

Fee calculator

Estimated total
$9.00
Effective rate
4.50 bps
Without discounts
$9.00
Discount savings
$0.00
Schedule
Perp tier 0
Execution
taker · 2 legs
Base rate
4.50 bps
Discounts
None modeled

Affiliate disclosure: HypeBasis may earn referral rewards from eligible link use. The toggle models the documented 4% discount only for qualifying volume within the first $25M cap; it cannot verify your remaining eligibility.

Uses the official base fee table for tiers 0-6, then applies the selected referral and staking-discount assumptions. It does not read your account `userFees`, aligned quote assets, HIP-3 growth mode, deployer fee share, funding, slippage, liquidation, or builder fees.

Last updated: 2026-08-26Last reviewed: 2026-08-26
Methodology and assumptionsformulas, limits, and FAQ

How this works

The fee calculator estimates explicit trading fees from notional size, market type, maker or taker role, selected fee tier, referral discount assumption, and one-way versus round-trip execution.

One-way fee

Trade notional multiplied by the selected maker or taker rate.

Round-trip estimate

One-way fee multiplied by two to approximate opening and closing the same notional size.

Referral discount

The calculator applies the referral discount assumption to the selected fee rate before estimating the fee.

Assumptions

  • The trade fills as the selected maker or taker role.
  • The selected tier matches the trader's current fee tier.
  • Round-trip mode uses the same notional size for the open and close.

Do not ignore

  • Funding, spread, slippage, liquidation, deployer fees, and builder fees are separate from this explicit fee estimate.
  • Maker orders can become taker orders if they execute immediately.
  • Check official sources before you rely on a fee schedule or discount rule for launch or paid acquisition.

Questions

Does this include funding?

No. Funding is a separate payment between longs and shorts and may outweigh trading fees for longer-held positions.

Why does round trip double the fee?

It approximates paying a fee once to open and once to close. Real results can differ if the close is a different size, tier, or maker/taker role.

Is the referral discount guaranteed?

No. The calculator exposes the assumption, but Hyperliquid controls eligibility and discount rules, and those rules may move.

Risk notice
Crypto perpetuals and leveraged trading are high risk. You can lose money through liquidation, funding, slippage, oracle issues, protocol failures, and market volatility.

Sources

2 references · Expand
  • Hyperliquid Docs: FeesAccessed 2026-08-26
    Supports: 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: ReferralsAccessed 2026-08-20
    Supports: Referral discount, referrer reward mechanics, referral volume limits, and vault/sub-account referral treatment.

Affiliate disclosure: we may earn referral rewards if you use this link.

Review the eligible fee discount

The official docs say an eligible referral code gives a 4% fee discount for your first $25M in volume. Read the referral terms and eligibility rules before trading.

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