Hyperliquid Referral Code 2026: Get 4% Fee Discount

If you are opening a Hyperliquid account in 2026, you will be missing out if you don't take advantage of the available fee reduction systems. It is the smartest way to ensure you keep more of your hard-earned capital.

Securing a discount can save you hundreds, potentially thousands, in fees over the course of a year of active trading. This is especially true for high-frequency traders who rely on thin margins and high turnover to generate profits.

Check out the full guide to maximize your trading efficiency. ⬇️

What is a Hyperliquid Referral Code?

A Hyperliquid referral code is a signup code that gives new users a fee discount when opening an account. The code COINPERPS can be used during registration or applied automatically through a referral link.

This code provides a 4% discount on taker fees, applicable to your first $25 million in trading volume. You must apply the code during the initial onboarding process, as the platform does not currently allow users to change their referrer later.

There is no time-based expiration for this discount; it remains active until you hit the volume cap. However, it is important to note that these discounts do not apply to vaults or sub-accounts, which the clearinghouse treats as independent.

Step-by-Step: How to Use a Hyperliquid Referral Code

Using a Hyperliquid referral code is simple, and the easiest method is starting with a referral link that fills the code automatically for you. Follow these steps below:

1. Open the referral signup link first: Visit https://app.hyperliquid.xyz/join/COINPERPS so the referral code is automatically attached before you continue creating your account.
2. Create or connect your trading account: Complete the normal Hyperliquid signup flow and make sure the account is fully set up before making any deposits or trades.
3. Confirm the referral code is applied properly: Check that COINPERPS appears during the signup or referral process so your discount is connected to the new account.
4. Finish onboarding before your first trade: Complete wallet connection, security steps, and any required setup so the referral benefit is active from trade one.
5. Start trading eligible products on Hyperliquid: Your fee discount applies to eligible trading volume, helping reduce costs on early trades until the cap is reached.
6. Track progress toward the discount limit: The 4% referral discount remains active only for your first $25 million in volume, according to Hyperliquid docs.

Regional Eligibility and Restrictions For Hyperliquid

Hyperliquid operates as a decentralized exchange, but it still maintains specific regional restrictions to comply with global regulatory standards. Users from the United States, Canada, and several other jurisdictions are typically restricted from accessing the platform's full suite of features.

Before attempting to use a referral code, you should ensure your IP address is not from a sanctioned or restricted region. If you are located in a restricted country, the interface may block your connection, preventing any trading activity.

How to Find and Share Your Hyperliquid Referral Code

Once your account is eligible, your Hyperliquid referral code can be created and managed from the referrals page, where you also track usage and rewards.

Use this process to share it:

1. Create and fund your Hyperliquid account first: You need a live trading account before you can work toward referral eligibility or generate a personal referral code.
2. Reach the minimum required trading volume: Hyperliquid says you can create a referral code only after completing $10,000 in trading volume on the platform.
3. Go to the official referrals dashboard: Visit app.hyperliquid.xyz/referrals to generate your personal code once your account meets the eligibility requirement.
4. Copy your custom referral link and code: Share your unique URL in the format app.hyperliquid.xyz/join/YOURCODE so new users can join with it attached.
5. Earn referral rewards from user trading fees: Hyperliquid states referrers receive 10% of referred users’ fees, minus any fee discount those users receive.
6. Understand the reward and discount caps: Referral rewards apply to a user’s first $1 billion in volume, while their referral discount applies for first $25 million.
7. Track rewards and claim them when available: Referral rewards accrue across quote assets and can be claimed once the total exceeds $1, then reflected in spot balance.

Hyperliquid Fees Explained

Hyperliquid uses rolling 14-day weighted volume to determine your fee tier, and the referral code lowers your eligible fees by 4% for the first $25 million in volume.

1. Perps Fees

• Tier 0: 0.045% / Maker 0.015% at 14-day weighted volume (With COINPERPS: effective Taker 0.0432% / Maker 0.0144%)
• Tier 1: Over $5 million volume (With code: effective Taker 0.0384% / Maker 0.0115%)
• Tier 2: Over $25 million volume (Referral discount ends after first $25 million in user volume)
• Tier 3: Over $100 million volume (Taker 0.030% / Maker 0.004%)
• Tier 4: Over $500 million volume (Taker 0.028% / Maker 0.000%)
• Tier 5: Over $2 billion volume (Taker 0.026% / Maker 0.000%)
• Tier 6: Over $7 billion volume (Taker 0.024% / Maker 0.000%)

2. Spot Fees

• Tier 0: $0 Taker 0.045% / Maker 0.015% at 14-day weighted volume (With referral code: effective Taker 0.0432% / Maker 0.0144%)
• Tier 1: Over $5 million volume (With referral code: Taker 0.0384% / Maker 0.0115%)
• Tier 2: Over $25 million volume (Referral discount ends after first $25 million in user volume)
• Tier 3: Over $100 million volume (Taker 0.030% / Maker 0.004%)
• Tier 4: Over $500 million volume (Taker 0.028% / Maker 0.000%)
• Tier 5: Over $2 billion volume (Taker 0.026% / Maker 0.000%)
• Tier 6: Over $7 billion volume (Taker 0.024% / Maker 0.000%)

3. Staking Fee Discounts

• Wood: Over 10 HYPE staked (5% trading fee discount)
• Bronze: Over 100 HYPE staked (10% trading fee discount)
• Silver: Over 1,000 HYPE staked (15% trading fee discount)
• Gold: Over 10,000 HYPE staked (20% trading fee discount)
• Platinum: Over 100,000 HYPE staked (30% trading fee discount)
• Diamond: Over 500,000 HYPE staked (40% trading fee discount)

4. Maker Rebates

• Tier 1: Over 0.5% weighted maker volume (Maker fee -0.001%)
• Tier 2: Over 1.5% weighted maker volume (Maker fee -0.002%)
• Tier 3: Over 3.0% weighted maker volume (Maker fee -0.003%)

How Much Can You Save Using a Hyperliquid Referral Code?

For a Hyperliquid trader doing $1 million in perpetuals volume at the base taker rate of 0.045%, total fees would be about $450. A 4% referral discount lowers that by roughly $18, which is modest but still worth claiming.

At $25 million in perpetuals volume, the savings become much more noticeable. Using the same 0.045% base taker benchmark for a simple estimate, fees would total about $11,250, and a 4% discount would save approximately $450 before the referral cap is reached.

At $100 million in annual perpetuals volume, your realistic savings depend on how quickly you move through fee tiers, but the referral code only applies to the first $25 million. That means your direct referral discount is still capped around the fees paid on that eligible portion, while further savings come from VIP tiers, staking discounts, or maker activity.

Calculate your individual savings with the calculator below:

Bottom Line

Using a referral code is a zero-cost way to optimize your trading performance. It ensures you don't overpay for liquidity during your first $25 million volume.

By choosing a reliable code like COINPERPS, you secure an immediate 4% fee reduction. This small percentage adds up to substantial savings over your trading career.