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HYPERLIQUID

Hyperliquid fees explained: every cost of a trade, in cents

Fees are the only certain part of a trade. On Hyperliquid they are low, but they come in layers. Here is each layer, what it costs on a small trade, and how to pay less.

By CopyHype · Updated · 6 min read

Short answer

At the base tier, Hyperliquid charges 0.045% of the position for taker orders and 0.015% for maker orders on perps. Fees drop with 14-day trading volume and with HYPE staking, up to 40% off. HIP-3 markets like stocks cost about twice the usual fee. Apps can add a builder fee, at most 0.1% on perps; CopyHype adds 0.1%. Funding is paid hourly between traders, and a withdrawal costs a flat 1 USDC.

People compare exchanges on the headline fee: 0.045% here, 0.05% there. That number is real, but a trade has several cost layers on top. Knowing them is the difference between a strategy that works on paper and one that works in your wallet. This guide goes layer by layer, with a $20 example you can redo yourself.

How much does Hyperliquid charge per trade?

At the base tier, 0.045% of the position for a taker order and 0.015% for a maker order, on perps. The fee is charged on the full position, not on your margin.

These are Hyperliquid's Tier 0 rates for perps (>Hyperliquid docs, fees). A taker order fills right away against the book, like a market order. A maker order rests on the book and waits for someone to fill it, like a limit order below the price for a buy.

Order Fee at base tier On a $100 position
Taker (market order) 0.045% $0.045
Maker (resting limit order) 0.015% $0.015
Spot taker 0.070% $0.070
Spot maker 0.040% $0.040

What is the difference between maker and taker?

A taker takes an existing order from the book and pays more. A maker adds a new order to the book and pays less. Exchanges reward makers because they make the book deeper.

When you tap a market buy, you take the best sell order sitting on the book. You are a taker. When you place a limit buy below the current price and someone later sells into it, your order was on the book first. You are a maker. Most beginners and most copy trades are takers, because speed matters more than a few hundredths of a percent.

How do Hyperliquid's volume tiers work?

The more you trade over 14 days, the lower your fee, from 0.045% taker at the start down to 0.024% above $7 billion. Tiers are recalculated daily.

Hyperliquid counts your rolling 14-day volume, with spot volume counted double (>Hyperliquid docs, fees). The first discount starts above $5 million of volume. For almost every individual trader, the base tier is the one that applies. Volume tiers matter for funds and market makers, not for someone trading $20 at a time.

Tier 14-day volume Perps taker Perps maker
0 Base 0.045% 0.015%
1 Over $5M lower lower
6 Over $7B 0.024% 0.000%

The docs list the full table for tiers 1 to 5. Makers with a large share of volume can even earn small rebates.

Can staking HYPE lower my fees?

Yes, from 5% off for staking more than 10 HYPE up to 40% off for more than 500,000 HYPE. The discount applies on top of your volume tier.

HYPE staked Fee discount
Over 10 5%
Over 100 10%
Over 1,000 15%
Over 10,000 20%
Over 100,000 30%
Over 500,000 40%

Source: >Hyperliquid docs, fees. For a small trader, buying HYPE just to save fees rarely pays: you take on HYPE's own price risk to save cents.

How much do HIP-3 markets like stocks and gold cost?

About twice the usual fee on standard HIP-3 markets: 0.09% taker and 0.03% maker at the base tier on trade.xyz. Some markets run a "growth mode" with fees at least 90% lower.

HIP-3 markets are deployed by outside teams on Hyperliquid. The largest, trade.xyz, lists stocks, indices and commodities. Its docs say HIP-3 fees are currently 2x the usual fees, split 50/50 between Hyperliquid and the deployer, with growth mode cutting all-in fees by 90% or more on eligible assets (>trade.xyz docs, fees). Gold and crypto-linked markets are not eligible for growth mode there. More in Hyperliquid stocks, gold and oil.

What is a builder fee?

A builder fee is an extra fee that an app built on Hyperliquid can add to the trades it sends for you, at most 0.1% on perps, and only after you approve it. CopyHype's builder fee is 0.1%, the maximum.

Hyperliquid's builder codes let apps earn a fee on the orders they route. The user approves a maximum fee per app with their main wallet, and can revoke it anytime. The cap is 0.1% on perps and 1% on spot, and on perps it is charged on both sides of the trade (>Hyperliquid docs, builder codes). CopyHype uses this system for its 0.1% fee each way, which you approve with one of the two signatures when you set up real money. It shows up on Hyperliquid next to Hyperliquid's own fee. With a friend's link, CopyHype's part is 0.09%.

What else costs money on Hyperliquid?

Funding while a trade is open, the network fee to deposit, and a flat 1 USDC to withdraw. Liquidations have no extra clearance fee.

  • Funding. Paid every hour between longs and shorts, peer to peer, with no cut for the exchange (>Hyperliquid docs, funding). Details in funding rate explained.
  • Deposit. No Hyperliquid fee, but Arbitrum gas, usually cents. On CopyHype, CopyHype pays it.
  • Withdrawal. A flat 1 USDC (>eco.com).
  • Liquidation. Hyperliquid says there is no clearance fee on liquidations, unlike many big exchanges (>Hyperliquid docs, liquidations). You still lose the margin of the liquidated trade.
  • Slippage. Not a fee, but a cost: a market order on a thin book fills at a worse average price.

What does a $20 trade really cost?

About 29 cents for a round trip at x5 through CopyHype: 20 cents to CopyHype and 9 cents to Hyperliquid, plus funding. The multiplier sets the position, and the position sets the fees.

Your amount is $20 at x5, so a $100 position. Market orders in and out, flat price:

Step Hyperliquid CopyHype Total
Open $100 $0.045 $0.10 $0.145
Close $100 $0.045 $0.10 $0.145
Round trip $0.09 $0.20 $0.29

At x20, the same $20 is a $400 position and every number above is four times bigger: about $1.16, close to 6% of your $20. That is why high multipliers are expensive even when they do not get liquidated. CopyHype's own breakdown is in CopyHype fees.

How can I pay less in fees?

Use lower multipliers, trade less often, use limit orders when you are not in a hurry, and withdraw in bigger chunks. The biggest savings come from fewer, smaller positions, not from fee tiers.

  • Lower multiplier, lower fees. Fees follow the position size.
  • Fewer trades. Every round trip pays twice.
  • Maker orders when patient. A resting limit order pays 0.015% instead of 0.045%.
  • Bigger, rarer withdrawals. The 1 USDC fee is flat.
  • A friend's link on CopyHype. It takes 10% off CopyHype's fee.

Frequently asked questions

Is Hyperliquid cheaper than Binance?

At the base tier, slightly: 0.045% taker on Hyperliquid against about 0.05% on Binance futures, as of June 2026. See Hyperliquid vs Binance and Bybit.

Does Hyperliquid charge a fee to deposit?

No Hyperliquid fee, only the Arbitrum network fee, usually a few cents. The minimum deposit is 5 USDC.

What is Hyperliquid's withdrawal fee?

A flat 1 USDC per withdrawal, and the USDC arrives on Arbitrum in a few minutes.

Is funding a Hyperliquid fee?

No. Funding goes directly between longs and shorts every hour, and Hyperliquid keeps none of it.

Why is my fee higher than 0.045%?

Either you used an app that adds a builder fee, like CopyHype's 0.1%, or you traded a HIP-3 market, which costs about twice the usual fee.

Where do these facts come from?

From Hyperliquid's and trade.xyz's official docs, plus an independent fee guide. Sources:

Fee rates change. Check the official pages before relying on a number.