home/Hyperliquid Fees
Decentralized Perpetuals Exchange · Custom L1

Hyperliquid Fees — 0.024% Maker, 0.045% Taker

Competitive with major CEXs. Cheaper than most perp DEXs. And negative maker rebates for high-volume market makers.

Open App → How It Works
70%+
Decentralized Perp Market Share
of all on-chain perpetuals volume
$21.8B
24-Hour Trading Volume
April 2026 · exceeds most CEXs
0.2s
Transaction Finality
HyperBFT consensus · 200K+ TPS
Overview

Hyperliquid Fees

Hyperliquid's fee structure is volume-tiered with a competitive base rate and market-maker incentives rare in decentralized exchanges. Standard users pay 0.024% for maker orders (adding liquidity via limit orders) and 0.045% for taker orders (market orders and immediately-filling limit orders). High-volume traders receive graduated discounts. Top market makers receive negative maker fees — Hyperliquid pays them a rebate to provide liquidity, which is why the order book is deep and spreads are tight.

// protocol.data
TypePerp DEX + Spot + L1
Perp Mkt Share66–73% of DEX perps
24H Volume~$21.8B (Apr 2026)
Open Interest$7.3B
30D Volume$300B+
Users760,000+
Max Leverage40×
Maker Fee0.024%
Taker Fee0.045%
Finality0.2 seconds
TPS200,000+
VC FundingZero
KYCNot required
Features

Why 70% of On-Chain Perp Volume Chooses Hyperliquid

Custom L1, on-chain CLOB, CEX-grade liquidity — with self-custody. The architecture difference that changed decentralized trading.

💸 Maker: 0.024%
Place limit orders that add liquidity. At $1M monthly volume: $240 in maker fees. Standard tier.
💸 Taker: 0.045%
Market orders and immediately-filling limit orders. At $1M monthly: $450 in taker fees.
📉 Volume Tiers
Tiered discounts based on 30-day volume. Higher volume = lower fees. Check your tier in the Hyperliquid interface.
💰 Negative Rebates
Top market makers receive negative maker fees — Hyperliquid pays them to provide liquidity. This incentivises tight spreads.
🔄 Funding Rates
Periodic payments between long and short holders in perpetuals. Normalises the perp price to spot. Varies by market.
🆓 No Deposit/Withdraw Fee
The native bridge charges no fee. You pay only the underlying chain\'s gas cost when bridging in or out.
Get Started

Trade in Minutes

No account. No KYC. Connect a wallet, bridge USDC, and trade perpetuals on-chain.

01
Understand Maker vs Taker
Maker (limit order not immediately filled) = 0.024%. Taker (market order or immediately-filling limit) = 0.045%. Use limit orders where possible.
02
Check Your Fee Tier
In the Hyperliquid trading interface, navigate to the Fees section. Your 30-day volume determines your tier and effective rate.
03
Calculate Your Savings
At 0.024% maker vs a DEX charging 0.3%: saving 0.276% per trade. On $100K trades, that is $276 per trade in fee difference.
04
Monitor Funding Before Long Holds
For positions held overnight or longer, check the funding rate. Positive funding means longs pay shorts — adds cost to holding long positions in bull markets.
05
Compare at Your Volume
Build a simple spreadsheet: your typical trade size × monthly frequency × 0.024% (maker) or 0.045% (taker) = monthly fee on Hyperliquid vs your current venue.

The Decentralized Exchange That Actually Works

$21.8B daily volume. 0.2-second finality. No KYC. No custodian. Your funds on-chain, your keys in your wallet.

Start Trading on Hyperliquid →

No account required · No withdrawal limits · Self-custody

FAQ

Hyperliquid Fees — Questions Answered

What are Hyperliquid trading fees?
+
Standard fees: 0.024% maker, 0.045% taker. Both are competitive with major centralized perpetuals exchanges. Volume-based tiers reduce fees further for high-volume traders. Market makers at the highest volume tier can receive negative maker rebates.
Are Hyperliquid fees lower than Binance?
+
At standard tier: Hyperliquid maker (0.024%) compares favorably to Binance standard maker (0.02-0.04% depending on BNB discount status). For users without BNB discounts, Hyperliquid is generally cheaper. For Binance\'s highest-tier VIP users, Binance can edge out on maker fees specifically.
What are funding rates on Hyperliquid?
+
Funding rates are periodic payments between long and short perpetual holders. When perp price exceeds spot, longs pay shorts. When below, shorts pay longs. Rates vary by market and conditions. Check live rates on the Hyperliquid interface before entering multi-day positions.
Does Hyperliquid charge withdrawal fees?
+
No. The native Hyperliquid bridge charges zero fee for withdrawals. You pay only the gas cost of the destination chain (e.g., Ethereum L1 gas if withdrawing to mainnet). Arbitrum and Base withdrawals have negligible gas costs.
What is a negative maker rebate on Hyperliquid?
+
At the highest volume tier, Hyperliquid pays market makers a rebate instead of charging them a fee. If a maker rebate is -0.002%, Hyperliquid pays you 0.002% of your trade size when your limit order fills. This incentivises professional market makers to provide deep liquidity.
Reviews

What Traders Say

HFT Trader
★★★★★

"Negative maker rebates on Hyperliquid are the real differentiator for high-frequency strategies. Being paid to provide liquidity rather than paying for it completely changes the economics of market-making on-chain."

Swing Trader
★★★★★

"Always use limit orders on Hyperliquid to get the 0.024% maker rate. Compared to 0.1-0.25% on other DEXs I have used, the compounding fee savings over months of trading are material."

Fee Comparison Researcher
★★★★☆

"Ran the numbers across 8 perp exchanges. Hyperliquid is in the top 3 for fee efficiency at every volume tier. Not always the absolute cheapest but consistently competitive without requiring BNB holdings or exchange tokens to discount."

Zero VC. 31% Airdropped to Users. Real Revenue.

Hyperliquid raised no venture capital and gave 31% of HYPE directly to early users. The most community-aligned major DeFi protocol launch in history.

Get HYPE →