# Fees Fees are based on your rolling 14 day volume and are assessed at the end of each day in UTC. Sub-account volume counts toward the master account and all sub-accounts share the same fee tier. Vault volume is treated separately from the master account. Referral rewards apply for a user's first $1B in volume and referral discounts apply for a user's first $25M in volume. Maker rebates are paid out continuously on each trade directly to the trading wallet. Users can claim referral rewards from the Referrals page. There are separate fee schedules for perps vs spot. Perps and spot volume will be counted together to determine your fee tier, and spot volume will count double toward your fee tier. i.e., `(14d weighted volume) = (14d perps volume) + 2 * (14d spot volume)`. For each user, there is one fee tier across all assets, including perps, HIP-3 perps, and spot. When growth mode is activated for an HIP-3 perp, protocol fees, rebates, volume contributions, and L1 user rate limit contributions are reduced by 90%. HIP-3 deployers can configure an additional fee share between 0-300% (0-100% for growth mode). If the share is above 100%, the protocol fee is also increased to be equal to the deployer fee. Spot pairs between two spot quote assets have 80% lower taker fees, maker rebates, and user volume contribution. [Aligned quote assets](/hyperliquid-docs/hypercore/aligned-quote-assets.md) benefit from 20% lower taker fees, 50% better maker rebates, and 20% more volume contribution toward fee tiers. ### Perps fee tiers | | | Base rate | | Diamond | | Platinum | | Gold | | Silver | | Bronze | | Wood | | | ---- | ----------------------- | --------- | ------ | ------- | ------- | -------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | | Tier | 14d weighted volume ($) | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | | 0 | | 0.045% | 0.015% | 0.0270% | 0.0090% | 0.0315% | 0.0105% | 0.0360% | 0.0120% | 0.0383% | 0.0128% | 0.0405% | 0.0135% | 0.0428% | 0.0143% | | 1 | >5M | 0.040% | 0.012% | 0.0240% | 0.0072% | 0.0280% | 0.0084% | 0.0320% | 0.0096% | 0.0340% | 0.0102% | 0.0360% | 0.0108% | 0.0380% | 0.0114% | | 2 | >25M | 0.035% | 0.008% | 0.0210% | 0.0048% | 0.0245% | 0.0056% | 0.0280% | 0.0064% | 0.0298% | 0.0068% | 0.0315% | 0.0072% | 0.0333% | 0.0076% | | 3 | >100M | 0.030% | 0.004% | 0.0180% | 0.0024% | 0.0210% | 0.0028% | 0.0240% | 0.0032% | 0.0255% | 0.0034% | 0.0270% | 0.0036% | 0.0285% | 0.0038% | | 4 | >500M | 0.028% | 0.000% | 0.0168% | 0.0000% | 0.0196% | 0.0000% | 0.0224% | 0.0000% | 0.0238% | 0.0000% | 0.0252% | 0.0000% | 0.0266% | 0.0000% | | 5 | >2B | 0.026% | 0.000% | 0.0156% | 0.0000% | 0.0182% | 0.0000% | 0.0208% | 0.0000% | 0.0221% | 0.0000% | 0.0234% | 0.0000% | 0.0247% | 0.0000% | | 6 | >7B | 0.024% | 0.000% | 0.0144% | 0.0000% | 0.0168% | 0.0000% | 0.0192% | 0.0000% | 0.0204% | 0.0000% | 0.0216% | 0.0000% | 0.0228% | 0.0000% | ### Spot fee tiers | Spot | | Base rate | | Diamond | | Platinum | | Gold | | Silver | | Bronze | | Wood | | | ---- | ----------------------- | --------- | ------ | ------- | ------- | -------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | | Tier | 14d weighted volume ($) | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | | 0 | | 0.070% | 0.040% | 0.0420% | 0.0240% | 0.0490% | 0.0280% | 0.0560% | 0.0320% | 0.0595% | 0.0340% | 0.0630% | 0.0360% | 0.0665% | 0.0380% | | 1 | >5M | 0.060% | 0.030% | 0.0360% | 0.0180% | 0.0420% | 0.0210% | 0.0480% | 0.0240% | 0.0510% | 0.0255% | 0.0540% | 0.0270% | 0.0570% | 0.0285% | | 2 | >25M | 0.050% | 0.020% | 0.0300% | 0.0120% | 0.0350% | 0.0140% | 0.0400% | 0.0160% | 0.0425% | 0.0170% | 0.0450% | 0.0180% | 0.0475% | 0.0190% | | 3 | >100M | 0.040% | 0.010% | 0.0240% | 0.0060% | 0.0280% | 0.0070% | 0.0320% | 0.0080% | 0.0340% | 0.0085% | 0.0360% | 0.0090% | 0.0380% | 0.0095% | | 4 | >500M | 0.035% | 0.000% | 0.0210% | 0.0000% | 0.0245% | 0.0000% | 0.0280% | 0.0000% | 0.0298% | 0.0000% | 0.0315% | 0.0000% | 0.0333% | 0.0000% | | 5 | >2B | 0.030% | 0.000% | 0.0180% | 0.0000% | 0.0210% | 0.0000% | 0.0240% | 0.0000% | 0.0255% | 0.0000% | 0.0270% | 0.0000% | 0.0285% | 0.0000% | | 6 | >7B | 0.025% | 0.000% | 0.0150% | 0.0000% | 0.0175% | 0.0000% | 0.0200% | 0.0000% | 0.0213% | 0.0000% | 0.0225% | 0.0000% | 0.0238% | 0.0000% | ### Staking tiers | Tier | HYPE staked | Trading fee discount | | -------- | ----------- | -------------------- | | Wood | >10 | 5% | | Bronze | >100 | 10% | | Silver | >1,000 | 15% | | Gold | >10,000 | 20% | | Platinum | >100,000 | 30% | | Diamond | >500,000 | 40% | ### Maker rebates | Tier | 14d weighted maker volume | Maker fee | | ---- | ------------------------- | --------- | | 1 | >0.5% | -0.001% | | 2 | >1.5% | -0.002% | | 3 | >3.0% | -0.003% | On most other protocols, the team or insiders are the main beneficiaries of fees. On Hyperliquid, fees are entirely directed to the community (HLP, the assistance fund, and deployers). Spot and HIP-3 perp deployers may choose to keep up to 50% of trading fees generated by their deployed assets. The assistance fund uses the system address `0xfefefefefefefefefefefefefefefefefefefefe`. It converts trading fees to HYPE in a fully automated manner as part of the L1 execution. HYPE in the assistance fund is burned, removing the tokens permanently from the circulating and total supply. ### Staking linking A "staking user" and a "trading user" can be linked so that the staking user's HYPE staked can be attributed to the trading user's fees. A few important points to note: * The staking user and the trading user must be controlled by the same user. For security purposes, the staking user will be able to unilaterally transfer all funds from the trading user to the staking user's account in a single irreversible transaction. A trading user should therefore never link to a staking user that is controlled by another user. * A staking user may send EIP-712 signed action with primary type `HyperliquidTransaction:StakingLinkDisableTradingUser` and payload `{tradingUser: String, nonce: Number}` that renders the trading user unusable and funds locked. In 1 year after locking, the funds from the trading user are automatically transferred to the staking user. This action is irreversible and not recommended under normal operation. * Linking is permanent. Unlinking is not supported. * The staking user will not receive any staking-related fee discount after being linked. * Linking requires the trading user to send an action first, and then the staking user to finalize the link. See "Link Staking" at app.hyperliquid.xyz/portfolio for details. * No action is required if you plan to trade and stake from the same address. ### Outcome Tokens Outcome trading only charges fees when closing or settling, not when opening outcome positions. Only fee-paying volume is counted for outcome trading. There are 6 cases for outcome trades which are special cases of this logic: 1\. Minting, no one pays fee: no volume is counted 2a. Normal Trade where one side pays fee: both users get `fee_paying_px * sz` 2b. Normal Trade where no one pays fee: no volume is counted 3a. Burning, both sides pay fee: both users get `(maker_px + taker_px) * sz = 1 * sz` 3b. Burning, only taker pays fee: both users get `taker_px * sz` 4\. Settlement: each user gets `settle_fraction * sz` Outcome trading does not support rebates. Users who would receive rebates for spot and perp trading pay zero fees on maker orders. ### Fee formula for developers ```typescript type Args = | { type: "spot"; isStablePair: boolean; } | { type: "perp"; deployerFeeScale: number; growthMode: boolean; }; function feeRates( fees: { makerRate: number; takerRate: number }, // fees from userFees info endpoint activeReferralDiscount: number, // number from userFees info endpoint isAlignedQuoteToken: boolean, args: Args, ) { const scaleIfStablePair = args.type === "spot" && args.isStablePair ? 0.2 : 1; let scaleIfHip3 = 1; let growthModeScale = 1; let deployerShare = 0; if (args.type === "perp") { scaleIfHip3 = args.deployerFeeScale < 1 ? args.deployerFeeScale + 1 : args.deployerFeeScale * 2; deployerShare = args.deployerFeeScale < 1 ? args.deployerFeeScale / (1 + args.deployerFeeScale) : 0.5; growthModeScale = args.growthMode ? 0.1 : 1; } let makerPercentage = fees.makerRate * 100 * scaleIfStablePair * growthModeScale; if (makerPercentage > 0) { makerPercentage *= scaleIfHip3 * (1 - activeReferralDiscount); } else { const makerRebateScaleIfAlignedQuoteToken = isAlignedQuoteToken ? (1 - deployerShare) * 1.5 + deployerShare : 1; makerPercentage *= makerRebateScaleIfAlignedQuoteToken; } let takerPercentage = fees.takerRate * 100 * scaleIfStablePair * scaleIfHip3 * growthModeScale * (1 - activeReferralDiscount); if (isAlignedQuoteToken) { const takerScaleIfAlignedQuoteToken = isAlignedQuoteToken ? (1 - deployerShare) * 0.8 + deployerShare : 1; takerPercentage *= takerScaleIfAlignedQuoteToken; } return { makerPercentage, takerPercentage }; } ``` --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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