Fees

Fees are based on your rolling 14 day volume. 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 discounts and referral rewards only apply to your 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.

On or after April 30, 2025, the fee system will be updated to include staking tiers. There will be 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)

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 and the assistance fund). For security, the assistance fund holds a majority of its assets in HYPE, which is the most liquid native asset on the Hyperliquid L1. The assistance fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe which operates entirely onchain as part of the L1 execution. The assistance fund requires validator quorum to use in special situations.