Fees
Hyperliquid uses a tiered fee system based on your rolling 14-day trading volume. All fees go entirely to the community — no fees are collected by the Hyperliquid team.
Fee Tiers
Section titled “Fee Tiers”Fees are assessed daily based on your rolling 14-day weighted volume. Spot volume counts double toward tier advancement:
14-day weighted volume = (14d perps volume) + 2 × (14d spot volume)Perpetuals
Section titled “Perpetuals”| Tier | 14-Day Volume | Taker | Maker |
|---|---|---|---|
| Base | < $5M | 0.045% | 0.015% |
| Tier 1 | ≥ $5M | ~0.040% | ~0.010% |
| Tier 2 | ≥ $25M | ~0.036% | ~0.006% |
| Tier 3 | ≥ $100M | ~0.032% | ~0.003% |
| Tier 4 | ≥ $500M | ~0.028% | 0% |
| Tier 5 | ≥ $2B | ~0.026% | rebate |
| Tier 6 | ≥ $7B | ~0.024% | rebate |
Spot fees have a higher baseline than perpetuals. The base tier starts at 0.070% taker / 0.040% maker, decreasing to approximately 0.025% taker / 0% maker at the top tier.
Staking Discounts
Section titled “Staking Discounts”Staking HYPE provides cumulative discounts on trading fees across six tiers:
| Tier | HYPE Staked | Discount |
|---|---|---|
| Wood | > 10 HYPE | 5% |
| … | … | … |
| Diamond | > 500,000 HYPE | 40% |
Staking discounts apply on top of your volume tier — they are not mutually exclusive.
Special Fee Categories
Section titled “Special Fee Categories”Aligned Quote Assets
Section titled “Aligned Quote Assets”Markets quoted in aligned assets receive preferential fee treatment:
- 20% lower taker fees
- 50% better maker rebates
- 20% additional volume credit toward tier advancement
Stable Pairs
Section titled “Stable Pairs”Spot pairs between two aligned quote stablecoins qualify for:
- 80% lower taker fees
- Maker rebates
HIP-3 Markets
Section titled “HIP-3 Markets”HIP-3 markets (builder-deployed perpetuals) charge 2× the base fee rate of standard validator-operated markets. The deployer receives 50% of the fees generated on their market; the other 50% goes to the protocol.
Standard user discounts — volume tiers, staking discounts, referral rewards — all still apply on HIP-3 markets.
HIP-3 Growth Mode
Section titled “HIP-3 Growth Mode”Deployers can optionally activate Growth Mode for newly listed HIP-3 markets. This reduces all-in taker fees by over 90% — from the standard ~0.045% down to as low as 0.0045%–0.009% at base tier, and even lower at higher staking and volume tiers. It is designed to bootstrap liquidity for new markets.
Fee Distribution
Section titled “Fee Distribution”All fees are distributed entirely to the community:
| Recipient | Description |
|---|---|
| HLP | Hyperliquid Protocol Vault — community liquidity and insurance vault |
| Assistance Fund | Protocol reserve for edge cases and ecosystem support |
| Deployers | Spot and HIP-3 perp deployers retain up to 50% of fees from their markets |
No fees are collected by the Hyperliquid team.