Hyperliquid trading fees depend on your rolling 14-day weighted volume, whether your order is maker or taker, and whether you are trading perps or spot. The official docs list tier 0 perps fees as 0.045% taker and 0.015% maker before eligible discounts. Fee estimates should also account for funding, slippage, liquidation risk, and any future builder fees.
Base taker fee for tier 0 perpetual trading before discounts.
Base maker fee for tier 0 perpetual trading before discounts.
Applies to eligible referred user fees for the first $25M in volume.
Fee tier basics
- Fees are based on rolling 14-day weighted volume and assessed at the end of each day in UTC.
- Perps and spot volume count together toward a user's fee tier.
- The official docs say spot volume counts double toward weighted volume.
- Sub-account volume counts toward the master account tier, while vault volume is treated separately.
What changes your rate
The official docs separate perps and spot fee schedules, but combine perps and spot volume when determining fee tier.
Staking tiers can provide trading fee discounts, and aligned quote assets can receive lower taker fees and better maker rebates.
HIP-3 markets can have growth mode and deployer fee settings, so always check the market-specific fee context before trading.
The real cost stack
Trading fee
The explicit maker or taker fee charged on the notional value of a trade.
Funding
A separate payment between longs and shorts. It can dominate costs on longer-held perp positions.
Slippage and spread
The execution difference between expected and filled price, especially during volatility or larger orders.
Liquidation and risk costs
A position can be closed by the venue if margin falls too low. Fee savings do not protect against this.
Simple fee examples
$10,000 taker perp
- Rate used
- 0.045%
- Estimated fee
- $4.50 one way
- With 4% discount
- $4.32 one way
$10,000 maker perp
- Rate used
- 0.015%
- Estimated fee
- $1.50 one way
- With 4% discount
- $1.44 one way
These examples use tier 0 perps rates and do not include funding, spread, slippage, liquidation costs, or builder fees.
Fee calculator
Uses official fee table values for the selected market type and tier. Funding, slippage, liquidation, deployer fees, and builder fees are not included.
A lower fee can reduce explicit trading cost, but it does not make a leveraged position safer. Funding, slippage, and liquidation can overwhelm the difference between fee tiers.
Get the fee discount
Review the referral terms before you trade.
FAQ
What are the base Hyperliquid perps fees?
The official docs list tier 0 perps fees as 0.045% taker and 0.015% maker before eligible discounts.
How are fee tiers calculated?
The official docs say fees are based on rolling 14-day weighted volume. Perps and spot volume count together, and spot volume counts double toward the weighted total.
Are funding payments included in trading fees?
No. Funding is a separate recurring payment between long and short positions.
Do sub-accounts share the same fee tier?
The official docs say sub-account volume counts toward the master account and all sub-accounts share the same fee tier. Vault volume is treated separately.
What is the simplest fee estimate?
Multiply trade notional by the maker or taker rate, then double it for an approximate open and close round trip.
Related guides
Fees are only one part of the decision. Check risk and jurisdiction pages before trading.
Referral code
See how the 4% referral discount works and what this site may earn.
Fee calculator
Estimate one-way and round-trip maker or taker fees with a referral discount toggle.
Liquidation calculator
Estimate approximate liquidation distance before using leverage.
Risk disclaimer
Read the trading, liquidation, funding, slippage, and protocol risk notes.
Sources
- Hyperliquid Docs: FeesAccessed 2026-05-04
- Hyperliquid Docs: FundingAccessed 2026-05-04