TOOL
Hyperliquid Fee Calculator
Find out exactly what trading on Hyperliquid costs you. Enter your monthly volume, maker/taker split, HYPE staked, and whether you use the referral discount — the calculator walks the real fee schedule and shows your effective rate, monthly cost, and annual savings.
Estimate your effective trading fee
Spot volume counts 2× toward your fee tier.
Market orders are taker; resting limit orders are maker (cheaper).
Effective Blended Rate
0.0346%
Monthly Fee Cost
$86.40
Your Fee Tier
Tier 0
0.0432% taker · 0.0144% maker
Staking Tier
None
no staking discount
Total Fee Reduction
4.0%
staking × referral, stacked multiplicatively
Annual Saved vs Base Tier
$43.20
Annual Saved vs Binance Futures
$193.20
Estimates only. Fee tier is derived from your 14-day rolling volume (approximated here from monthly volume, spot counted 2×). The referral discount applies to your first $25M in cumulative volume. Rates reflect current published Hyperliquid fees and exclude funding, gas (zero on Hyperliquid), and withdrawal costs. Not financial advice.
How Hyperliquid fees actually work
Hyperliquid charges 0.045% taker and 0.015% maker on perpetuals at base tier, and 0.070% taker / 0.040% maker on spot. Your effective rate drops through three stacking discounts: volume tiers (set by 14-day rolling volume, with spot counting 2×, cutting taker fees to as low as 0.024% and maker fees to 0%), HYPE staking (5% at Wood up to 40% at Diamond), and the 4% referral discount on your first $25M of volume. They combine multiplicatively: effective fee = tier rate × (1 − staking) × (1 − referral).
Base rates & volume tiers
| Tier | 14-Day Volume | Taker | Maker |
|---|---|---|---|
| 0 (Base) | < $5M | 0.045% | 0.015% |
| 1 | $5M+ | 0.042% | 0.012% |
| 2 | $50M+ | 0.040% | 0.010% |
| 3 | $200M+ | 0.038% | 0.008% |
| 4 | $500M+ | 0.036% | 0.000% |
| 5 | $2B+ | 0.030% | 0.000% |
| 6 | $7B+ | 0.024% | 0.000% |
Full breakdown in the fee tiers guide and the complete fee guide.
HYPE staking discounts
| Staking Tier | HYPE Required | Fee Discount |
|---|---|---|
| Wood | 10+ | 5% |
| Silver | 100+ | 5% |
| Gold | 1,000+ | 10% |
| Platinum | 10,000+ | 15% |
| Emerald | 100,000+ | 25% |
| Diamond | 500,000+ | 40% |
Staking discounts come from locking HYPE. The 4% referral discount stacks on top of every tier.
Worked examples
Casual trader — $50K/month, no staking, referral on
- Effective taker rate
- 0.0432% (0.045% × 0.96)
- Monthly cost (70% taker)
- ≈ $18.90
- Saved vs Binance Futures/yr
- ≈ $60
Active trader — $500K/month, Gold staking, referral on
- Discount stack
- 10% staking × 4% referral = 13.6% off
- Effective taker rate
- ≈ 0.0389%
- Saved vs base tier/yr
- ≈ $370
High-volume trader — $10M/month, Platinum staking, referral on
- 14-day tier reached
- Tier 1 (≈ $9.3M)
- Discount stack
- 15% staking × 4% referral = 18.4% off
- Saved vs base tier/yr
- ≈ $9,600
Figures are illustrative — plug your own numbers into the calculator above for an exact result.
How this calculator works (methodology)
The calculator encodes Hyperliquid's published fee schedule and applies each discount layer in the order the platform does. It derives your volume tier from a 14-day rolling estimate (monthly volume × 14/30, with spot counting 2×), looks up the tier's taker and maker rates, then multiplies by (1 − staking discount) and (1 − referral discount). Perp and spot volume are costed separately at their own base rates and blended by your maker/taker split.
Rates track the numbers on our fees explained and fee tiers pages, sourced from Hyperliquid's official fee documentation. Our full methodology explains how we maintain these figures. The former USDH aligned-quote-asset fee perk is excluded because that market has fully sunset as of June 2026 and no longer applies.
Related Tools & Guides
- Position Calculator — liquidation price, margin, and P&L for a leveraged trade
- Fees Explained — every Hyperliquid fee: perp, spot, withdrawal, and HIP-3
- Fee Tiers — every VIP tier threshold and how to qualify faster
- Referral Discount — how to lock in the 4% lifetime fee discount
- Markets — every perp and HIP-3 market you can trade
Start Trading — Save 4% on Fees
The calculator shows exactly what the 4% referral discount saves you. Lock it in at signup — it can't be added later — and stack it with HYPE staking for your lowest possible rate.
Start Trading - Save 4%