Hyperliquid Fees Explained: Save 4% With COINPERPS Code

Trading fees can quietly eat into every Hyperliquid position, especially if you switch between market orders, spot trades, perps, deposits, and withdrawals regularly.

This guide breaks down Hyperliquid fees in plain English, including trading tiers, referral discounts, staking savings, maker rebates, bridge costs, and cheaper alternatives.

Start with the key fee numbers below. 🔽

Hyperliquid Trading Fees Breakdown

Hyperliquid trading fees use rolling 14-day weighted volume, with separate perp, spot, and outcome-token rules that determine when and how fees apply.

1. Perpetual Fees

Perpetual fees follow a maker/taker model, with one account-wide tier based on 14-day weighted volume across eligible Hyperliquid markets.

Current volume tiers and taker/maker rates break down as follows:

• Tier 0 ($0): Base 0.045% taker/0.015% maker; staking tiers range from Diamond 0.0270%/0.0090% to Wood 0.0428%/0.0143%.
• Tier 1 (>$5M): Base 0.040% taker/0.012% maker; staking-adjusted rates run from Diamond 0.0240%/0.0072% to Wood 0.0380%/0.0114%.
• Tier 2 (>$25M): Base 0.035% taker/0.008% maker; staking-adjusted rates span Diamond 0.0210%/0.0048% through Wood 0.0333%/0.0076%.
• Tier 3 (>$100M): Base 0.030% taker/0.004% maker; staking-adjusted rates range from Diamond 0.0180%/0.0024% to Wood 0.0285%/0.0038%.
• Tier 4 (>$500M): Base 0.028% taker/0.000% maker; Diamond starts at 0.0168%/0.0000%, while Wood reaches 0.0266%/0.0000%.
• Tier 5 (>$2B): Base 0.026% taker/0.000% maker; staking rates range from Diamond 0.0156%/0.0000% to Wood 0.0247%/0.0000%.
• Tier 6 (>$7B): Base 0.024% taker/0.000% maker; staking-adjusted rates span Diamond 0.0144%/0.0000% through Wood 0.0228%/0.0000%.
  

2. Spot Fees

Spot fees use a separate schedule, but spot volume counts double toward the shared 14-day weighted volume fee-tier calculation.

Current spot tiers and taker/maker rates break down as follows:

• Tier 0 ($0): Base 0.070% taker/0.040% maker; staking tiers range from Diamond 0.0420%/0.0240% to Wood 0.0665%/0.0380%.
• Tier 1 (>$5M): Base 0.060% taker/0.030% maker; staking-adjusted rates run from Diamond 0.0360%/0.0180% to Wood 0.0570%/0.0285%.
• Tier 2 (>$25M): Base 0.050% taker/0.020% maker; staking-adjusted rates span Diamond 0.0300%/0.0120% through Wood 0.0475%/0.0190%.
• Tier 3 (>$100M): Base 0.040% taker/0.010% maker; staking-adjusted rates range from Diamond 0.0240%/0.0060% to Wood 0.0380%/0.0095%.
• Tier 4 (>$500M): Base 0.035% taker/0.000% maker; Diamond starts at 0.0210%/0.0000%, while Wood reaches 0.0333%/0.0000%.
• Tier 5 (>$2B): Base 0.030% taker/0.000% maker; staking rates range from Diamond 0.0180%/0.0000% to Wood 0.0285%/0.0000%.
• Tier 6 (>$7B): Base 0.025% taker/0.000% maker; staking-adjusted rates span Diamond 0.0150%/0.0000% through Wood 0.0238%/0.0000%.

3. Outcome Tokens

HIP-4's outcome-token trading only charges fees when traders close or settle positions, not when they open them. Fee-paying volume is counted only in fee-paying cases, including normal trades where one side pays, burns, and settlement volume.

Minting creates no counted volume because no one pays fees. Normal trades count fee-paying price times size when one side pays, while burns and settlements count according to paid-side prices, combined burn prices, or settlement fraction times size.

Hyperliquid Fees Comparison Table

Comparing Hyperliquid with rival perp platforms highlights baseline maker/taker costs, spot coverage, and how each platform applies discounts.

Here is the streamlined fee comparison:

Fees Comparison Matrix

Benchmarking top perp venues by cost and discount logic

Exchange

Perp Fees

Spot Fees

Tier Basis

Discounts

Hyperliquid

0.015% / 0.045%

0.040% / 0.070%

14-Day Weighted

Staking Tiers

Lighter

0% / 0% Standard

0% / 0% Standard

Account Type

LIT Staking

Aster

0% / 0.04%

0.005% / 0.04%

14-Day Vol

5% ASTER Disc.

ApeX

0.02% / 0.05%

~0.5% Swaps

30-Day Promos

Campaign Logic

edgeX

0.012% / 0.038%

Varies

30-Day Vol

VIP Program

MEXC

0% / 0.02%

0% / 0.05%

VIP Status

MX Deductions

Source:Protocol Documentation & Official Exchange Fee Schedules (May 2026)

Hyperliquid Deposit & Withdrawal Fees

Hyperliquid deposits and withdrawals mainly revolve around USDC, Arbitrum, HyperCore, HyperEVM, and third-party bridge routes for broader chain access.

Key deposit and withdrawal details are below:

• Native HyperCore deposit: Users deposit native USDC from Arbitrum to Hyperliquid’s bridge; the minimum deposit is 5 USDC, credited in under one minute.
• Native HyperCore withdrawal: Withdrawals send USDC back to Arbitrum, cost 1 USDC, require no Arbitrum ETH, and finalize in approximately five minutes.
• Bridge security flow: Deposits and withdrawals rely on validator signatures, with more than two-thirds of staking power required before bridge actions complete.
• HyperEVM transfers: HyperEVM uses chain ID 999; moving assets between HyperEVM and spot balances can require HYPE gas, depending on direction.
• Supported external routes: Third-party bridge flows can route USDC from Ethereum, Base, Arbitrum, or Solana into Hyperliquid, depending on the provider used.
• Bridge fee caution: Native Hyperliquid withdrawal pricing is clear, but third-party bridge costs vary by source chain, gas, route, liquidity, and provider fees.
  

Tips for Reducing Hyperliquid Fees

Hyperliquid fees can be reduced through referrals, higher trading volume, HYPE staking, maker rebates, and smarter order execution across supported markets.

1. Use Referral Code

A referral code is the easiest one-time fee reduction for new Hyperliquid users, because it applies before they start building volume tiers.

Follow these steps to activate the discount:

1. Open the referral link: Go to https://app.hyperliquid.xyz/join/COINPERPS to start registration with the referral code already attached.
2. Use code COINPERPS: Enter COINPERPS manually if the code does not autofill during wallet connection or account setup.
3. Claim 4% off fees: Hyperliquid referral codes give users a 4% trading fee discount on their first $25M in volume.
4. Trade eligible markets: The discount applies to regular trading fees, but Hyperliquid notes that vaults and sub-accounts are treated separately.
5. Track the volume cap: Once your referred account exceeds $25M in eligible volume, the referral discount no longer applies.
6. Stack with other savings: The referral discount can work alongside lower fee tiers, staking discounts, and maker-focused execution strategies.
7. Create your own code later: Users generally need trading activity before creating referral codes; third-party guides cite $10,000 volume eligibility.

2. Accumulate Trading Volume

Hyperliquid uses rolling 14-day weighted volume to assign one account-wide fee tier across perps, HIP-3 perps, and spot markets.

The main trading volume tiers are:

• Tier 0 at $0: Starting tier with base perp fees of 0.015% maker / 0.045% taker and spot fees of 0.040% / 0.070%.
• Tier 1 at $5M: Perp fees fall to 0.012% maker / 0.040% taker; spot fees drop to 0.030% / 0.060%.
• Tier 2 at $25M: Perp fees become 0.008% maker / 0.035% taker; spot fees become 0.020% / 0.050%.
• Tier 3 at $100M: Perp fees decrease to 0.004% maker / 0.030% taker; spot fees decrease to 0.010% / 0.040%.
• Tier 4 at $500M: Maker fees reach 0.000% on perps and spot, with taker fees at 0.028% and 0.035%.
• Tier 5 at $2B: Perp taker fees fall to 0.026%, while spot taker fees fall to 0.030%.
• Tier 6 at $7B: The highest base tier charges 0.024% perp taker and 0.025% spot taker, with zero maker fees

3. Stake HYPE Tokens

Staking HYPE can reduce trading fees further, with discounts layered on top of the user’s applicable volume-based fee tier.

Current staking discount tiers are:

• Wood at 10 HYPE staked: Unlocks a 5% trading fee discount, useful for smaller accounts beginning to optimize costs.
• Bronze at 100 HYPE staked: Raises the trading fee discount to 10%, improving savings across maker and taker activity.
• Silver at 1,000 HYPE staked: Provides a 15% trading fee discount, making it more relevant for consistent active traders.
• Gold at 10,000 HYPE staked: Gives a 20% trading fee discount, meaning larger stakers can reduce fees without relying only on volume.
• Platinum at 100,000 HYPE staked: Increases the discount to 30%, significantly lowering fees for high-balance or institutional-style users.
• Diamond at 500,000 HYPE staked: Offers the maximum 40% trading fee discount, producing the lowest staking-adjusted fee schedule.

4. Get Maker Rebates

Maker rebates reward users who provide enough liquidity relative to total Hyperliquid maker volume. At >0.5%, >1.5%, and >3.0% of 14-day weighted maker volume, maker fees can reach -0.001%, -0.002%, and -0.003%.

Rebates are paid continuously to the trading wallet on each eligible trade. Hyperliquid says fees are directed to community-linked destinations, including HLP, the assistance fund, and deployers, rather than only the core team.

Best Alternative to Hyperliquid for Lower Fees

For lower fees than Hyperliquid, the best alternatives are Lighter for decentralized perps and MEXC for centralized futures trading.

Lighter is the strongest decentralized perpetuals alternative because standard accounts currently advertise 0% maker and 0% taker fees, while Premium accounts pay for faster execution. That makes it cheaper than Hyperliquid for fee-first traders, though latency differences matter.

MEXC is the best centralized alternative from the earlier comparison, with futures fees commonly listed at 0% maker and 0.02% taker, plus spot fees of 0% maker and 0.05% taker. Account eligibility, pair, and promotions can still change final costs.

Bottom Line

Hyperliquid fees are competitive but not universally cheapest, especially once volume tiers, staking discounts, maker rebates, referrals, and withdrawal costs are included.

For most users, the best savings path is simple: use a referral code, prefer maker orders, grow 14-day volume, and stake HYPE when worthwhile.