- 2026-06-01Moved the referral CTA below the eligibility, risk, and who-should-not-use checks so restricted readers see warnings first.
- 2026-06-01Referral term cards now cite the official Hyperliquid referral docs next to each exact number.
- 2026-05-26Rechecked referral discount and reward volume caps against the official docs; no rate changes found.
The HypeBasis Hyperliquid referral code is COMPOUND. Eligible users may receive a 4% fee discount for their first $25M in volume. The official docs also say referrers receive 10% of referred users' fees, less any fee discount, for the referred user's first $1B in volume.
HypeBasis referral code
COMPOUND
Fee discount for an eligible referred user's first $25M in volume.
Source: official Hyperliquid referral docs, reviewed 2026-06-01.
Reward based on referred users' fees, less any fee discount, for the user's first $1B in volume.
Source: official Hyperliquid referral docs, reviewed 2026-06-01.
The official docs say users can create a referral code after doing $10,000 in volume.
Source: official Hyperliquid referral docs, reviewed 2026-06-01.
Before you use a code
- Confirm you are not in a restricted jurisdiction before using a trading interface.
- Use the referral link or enter the code before trading from the wallet you intend to use.
- Check the fee calculator so you understand the difference between maker, taker, one-way, and round-trip costs.
- Remember that discounts do not remove funding, slippage, liquidation, protocol, or oracle risk.
Current status
As of the May 26, 2026 review, the official referral page says users can apply a code from the referrals page or a referral link. Referral terms are controlled by Hyperliquid, so this page needs monthly review before paid traffic, major campaigns, or any copy that quotes discount and referrer economics.
Who should not use this code?
Do not use a referral code if the access, account, or risk context is unclear. A fee discount does not make a restricted or unsuitable trading action safer.
- You are in Ontario or another restricted jurisdiction.
- You do not meet the interface, eligibility, or terms requirements.
- You have not verified the official app URL, connected wallet, and current referral terms.
- You are treating a fee discount as a reason to trade larger, use more leverage, or skip liquidation checks.
Use the code only after those checks
The CTA belongs after eligibility and risk checks because the referral code changes eligible fees only. It does not answer access, suitability, transfer, leverage, or liquidation questions.
How to apply a code
- 1Check that you are in an eligible jurisdiction before using any trading interface.
- 2Open the official Hyperliquid referrals page or use a referral link.
- 3Connect the wallet you plan to trade from.
- 4Enter the referral code before placing trades, if the page prompts for one.
- 5Confirm the referral status and estimate fees before opening a position.
What the referral terms mean
First $25M volume
The user discount applies only up to the referred user's first $25M in volume.
What it changes: High-volume traders should check when the discount stops.
First $1B volume
Referrer rewards apply to the referred user's first $1B in volume.
What it changes: This is why referral revenue depends more on volume than on signup count.
Vaults and sub-accounts
The official docs say referral discounts do not apply to vaults or sub-accounts.
What it changes: Traders using more complex account structures should verify the discount on the account they trade from.
Fee calculator
Affiliate disclosure: the referral discount is off by default. If you turn it on, HypeBasis may earn referral rewards from eligible use of referral links elsewhere on the site. Official docs describe the 4% referral discount as limited to the user's first $25M in volume; this calculator does not know your remaining eligible volume, so apply the toggle only to notional still under that cap.
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.
FAQ
What does a Hyperliquid referral code do?
The official docs say using a referral code gives a 4% fee discount for the user's first $25M in volume, subject to Hyperliquid's rules.
What does the referrer earn?
The official docs say referrers receive 10% of referred users' fees, less any fee discount, for the user's first $1B in volume.
Does a referral code make trading safer?
No. A referral code may affect eligible fees, but it does not change leverage, liquidation, funding, or protocol risk.
Can I use a referral code with a vault or sub-account?
The official referral docs say referral discounts do not apply to vaults or sub-accounts because those are treated as independent accounts in the clearinghouse.
Is this site independent?
Yes. This is an independent educational site and may earn referral rewards if you use our link.
Should I use a referral code before reading the fee page?
No. Read the fee page first so you understand the full cost stack. A referral discount affects eligible trading fees, but funding, spread, slippage, and liquidation risk still need separate estimates.
What should I verify before clicking a referral link?
Verify that you are eligible to use the interface, that the link leads to the official app flow, that the disclosure is visible, and that you understand what the referrer may earn.
Related guides
Use the referral page together with the fee and restriction pages before trading.
Hyperliquid fees
See maker, taker, volume tier, referral discount, and funding cost notes.
Builder fees
Understand future builder-code fee disclosures before any routing product ships.
Fee calculator
Estimate one-way or round-trip fees before placing a position.
Deposit and withdrawal guide
Review transfer and bridge risk before funding the wallet you plan to trade from.
Canada guide
Review Canada-specific access notes and the Ontario restriction warning.
Ontario restriction
Restriction clarity only. This page intentionally has no referral CTA.
Official referral page
Always verify the current referral status and account-specific eligibility in the official interface before relying on a discount.
Open official referrals pageSources
- Hyperliquid Docs: ReferralsAccessed 2026-05-26Supports: Referral discount, referrer reward mechanics, referral volume limits, and vault/sub-account referral treatment.
- Hyperliquid Docs: FeesAccessed 2026-06-12Supports: Rolling 14-day volume tiers, perps and spot fee schedules, staking discounts, referral fee limits, fee-model caveats, fee distribution to HLP, the assistance fund, and deployers, the assistance fund system address, and burn recognition of assistance-fund HYPE.