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.
What are Hyperliquid's maker and taker fees?
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).
Worked through at base tier with Bronze staking (10%) and the referral discount, that is 0.045% × 0.90 × 0.96 = 0.0389% taker, so a $100,000 perp trade costs $38.88 instead of $45.00. The same trade on spot starts from the 0.070% taker base and lands at 0.0605%, or $60.48.
How do volume tiers change my fee?
Volume tiers are set by your rolling 14-day traded volume, and spot volume counts twice toward the threshold. Crossing $5M drops the taker fee from 0.045% to 0.040%; at $500M the maker fee reaches 0%, and the top tier at $7B pays 0.024% taker. The tier applies automatically, with no opt-in.
| Tier | 14-Day Volume | Taker | Maker |
|---|---|---|---|
| 0 (Base) | < $5M | 0.045% | 0.015% |
| 1 | $5M+ | 0.040% | 0.012% |
| 2 | $25M+ | 0.035% | 0.008% |
| 3 | $100M+ | 0.030% | 0.004% |
| 4 | $500M+ | 0.028% | 0.000% |
| 5 | $2B+ | 0.026% | 0.000% |
| 6 | $7B+ | 0.024% | 0.000% |
Full breakdown in the fee tiers guide and the complete fee guide.
How much does HYPE staking reduce my fees?
Staking HYPE cuts your fee by 5% at the Wood tier (10 HYPE) and scales to 40% at Diamond (500,000 HYPE). In between, Bronze gives 10% for 100 HYPE, Silver 15% for 1,000, Gold 20% for 10,000 and Platinum 30% for 100,000. The discount is a percentage off whatever rate your volume tier already gives you, not a flat reduction in basis points.
| Staking Tier | HYPE Required | Fee Discount |
|---|---|---|
| Wood | 10+ | 5% |
| Bronze | 100+ | 10% |
| Silver | 1,000+ | 15% |
| Gold | 10,000+ | 20% |
| Platinum | 100,000+ | 30% |
| Diamond | 500,000+ | 40% |
Staking discounts come from locking HYPE. The 4% referral discount stacks on top of every tier until you pass $25M of volume.
How much does the 4% referral discount actually save?
The referral discount takes 4% off your effective rate for your first $25M of volume, so a base-tier taker pays 0.0432% instead of 0.045%. On $50,000 of monthly taker volume that is about $0.90 a month, and at $10M a month it is roughly $180, though at that pace the $25M cap runs out in two and a half months. It stacks multiplicatively with staking rather than replacing it, so a Silver staker (15%) with the referral applied pays 18.4% below the raw tier rate. Three worked cases:
Casual trader — $50K/month, no staking, referral on
- Effective taker rate
- 0.0432% (0.045% × 0.96)
- Monthly cost (70% taker)
- ≈ $17.28
- Saved vs Binance Futures/yr
- ≈ $39
Active trader — $500K/month, Bronze staking, referral on
- Discount stack
- 10% staking × 4% referral = 13.6% off
- Effective taker rate
- ≈ 0.0389%
- Saved vs base tier/yr
- ≈ $294
High-volume trader — $12M/month, Gold staking, referral used up
- 14-day tier reached
- Tier 1 (≈ $5.6M)
- Discount stack
- 20% staking (the $25M referral cap is spent)
- Effective taker rate
- 0.032% (0.040% × 0.80)
- Saved vs base tier/yr
- ≈ $15,400
Figures are illustrative — plug your own numbers into the calculator above for an exact result.
How does this fee calculator work?
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 tier rates and blended by your maker/taker split. Once your 14-day volume reaches $25M, the referral discount is left out, because it covers only your first $25M of cumulative volume.
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% fee discount on your first $25M of volume
- 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%