Hyperliquid Fees 2026: Taker, Maker, Staking Discounts, Gas and Withdrawals Explained

Quick answer

Hyperliquid charges 0.045% taker and 0.015% maker on perpetual futures at the base tier, 0.070% taker and 0.040% maker on spot, zero gas on orders and a flat 1 USDC withdrawal fee. Staking HYPE cuts your trading fees by up to 40%, and volume tiers bring taker fees down to 0.024% at the top. The schedule, however, doesn't tell you what your wallet actually paid — that is what Hyperfolio breaks down for free, per wallet and per position.

You can recite the Hyperliquid fee schedule from memory and still lose money to it. The 0.045% taker fee is visible. The hourly funding you paid on a position held for four days is not. The 1 USDC withdrawal is visible. The trading fees silently debited from your USDC balance — never netted from your PnL — vanish into your trade history as if they never happened.

Most traders discover the gap between gross and net PnL at tax time, when the CSV says one number and their intuition says another. This guide lays out the complete, current Hyperliquid fee structure — tiers, staking discounts, gas, withdrawals, funding — and then shows you how to see what you actually pay, in real time, without exporting a single file. Try the free tracker and check what your wallet really pays.

How Hyperliquid fees work

Hyperliquid uses a classic maker-taker model. Takers cross the order book and pay a higher fee for immediate liquidity. Makers post resting orders and pay less — or earn a rebate at the top of the volume ladder. Two details define how the bill is calculated:

• Fees are charged on notional, not margin. A 10x leveraged $10,000 position pays fees on the full $10,000, not on your $1,000 of margin.
• Fees are debited in USDC from your balance, not subtracted from your PnL. You can pay fees on a losing trade and watch the balance fall faster than the mark price suggests.

Fee tiers are computed from your rolling 14-day weighted volume, where spot volume counts double: 14d weighted volume = 14d perps volume + 2 × 14d spot volume. Sub-accounts share the master account's tier; vault volume is treated separately. Where do the fees go? To the community: the HLP vault, the assistance fund (which automatically converts fees to HYPE and burns them) and spot or HIP-3 deployers, who may keep up to 50% of the fees generated by their assets.

Hyperliquid perps fee tiers (2026)

The base rate is 0.045% taker / 0.015% maker. The more you trade in a 14-day window, the less you pay:

Tier	14-day weighted volume	Taker fee	Maker fee
0	—	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%

The tier recalculates at each fill, so crossing $5M mid-day drops your rate on the next trade. On top of the volume tier, the most active makers can earn rebates: maker fees of -0.001%, -0.002% and -0.003% once your 14-day weighted maker volume exceeds 0.5%, 1.5% and 3.0% of the venue respectively.

The HYPE staking discount: up to 40% off

Staking HYPE reduces your trading fees on top of the volume tier, across both perps and spot. The discount depends on how much you stake:

HYPE staked	Trading fee discount
> 10	5%
> 100	10%
> 1,000	15%
> 10,000	20%
> 100,000	30%
> 500,000	40%

A wallet on the base tier staking 500,000+ HYPE pays an effective 0.027% taker fee (0.045% minus 40%). Because the staking discount stacks multiplicatively with the volume tier, a high-volume staker can reach taker rates in the 0.014%–0.018% band — competitive with the deepest VIP tiers on Binance and Bybit.

Three operational notes: staked HYPE has a 7-day unbonding period; a staking user and a trading user can be linked so the staked HYPE of one address discounts the fees of another (a permanent link, so only link addresses you control); and staking also earns a share of protocol fees via the assistance fund — a separate stream from the discount.

Spot, gas and withdrawal costs

Spot trading is more expensive than perps: 0.070% taker / 0.040% maker at the base tier, with the same volume and staking discounts applied. Two exceptions cut it further: spot pairs between two quote assets pay 80% lower taker fees, and aligned quote assets enjoy 20% lower taker fees with better maker rebates.

Trading on Hyperliquid is gasless. Orders, cancellations and modifications cost zero gas — a deliberate design. You only touch L1 gas when moving money in and out over Arbitrum: deposits cost whatever your own transaction pays, and withdrawals cost a flat 1 USDC with no percentage and no separate gas charge. Cross-chain withdrawals to Ethereum, Base or Solana add the bridge's own fee on top of the 1 USDC. HyperEVM applications have their own gas market, separate from trading.

Funding: the hourly cost traders forget

Beyond commissions, every open perp position pays or receives funding every hour. Typical rates run between -0.01% and +0.01% per hour, with a hard cap of 4% per hour in extreme conditions. Positions opened and closed within the same hour pay no funding, which makes Hyperliquid friendlier to scalpers than venues that settle every 8 hours.

The common complaint is real: funding applies even at 1x leverage, and a position held for days can quietly bleed more than the visible taker fee. It is a separate line on your PnL, and almost no dashboard shows it to you — which brings us to the practical problem.

Hyperliquid fees vs Binance, Bybit, dYdX and Drift

Venue	Base maker/taker (perps)	Top tier maker/taker	Funding cadence	USDC withdrawal
Hyperliquid	0.015% / 0.045%	-0.003% / 0.024%	Hourly	1 USDC flat
dYdX v4	0.02% / 0.05%	0.00% / 0.025%	Hourly	Bridge cost only
Binance Futures	0.02% / 0.05%	-0.005% / 0.017%	Every 8h	~$2–$15
Bybit Perps	0.02% / 0.055%	0.00% / 0.02%	Every 8h	~$1–$10
Drift Protocol	0.01% / 0.10%	0.00% / 0.04%	Hourly	Solana gas only

The headline comparison is nuanced. A retail wallet doing $100,000 a month pays 0.045% on Hyperliquid versus 0.05% on Binance's default tier; the tables turn only at institutional volumes. Where Hyperliquid wins decisively is the edges: hourly funding, zero gas on orders and a 1 USDC flat withdrawal versus $2–$15 on centralized venues. A trader rotating $50,000 monthly between exchange and self-custody spends roughly $4 a month on Hyperliquid withdrawals — against $40–$200 on Binance or Bybit.

Why the schedule doesn't match your real costs

Here is the part most fee guides skip: the schedule is a ceiling, not your bill. What you actually pay depends on your order type, your tier, your staking status, the funding you accrued on open positions and the slippage you accepted. Most portfolio tools show chart PnL — gross, pre-cost, optimistic. The numbers that matter — fees paid per wallet, funding paid per position, net realized PnL — are exactly the ones they hide.

That is not a Hyperliquid problem; it is a tracking problem. And it is solvable in five seconds, read-only.

See what you actually pay, per wallet and per position

Hyperfolio reads the public Hyperliquid API and shows you the cost breakdown other tools skip: realized PnL with fees and funding broken out, per wallet, per position and per venue. It works for your own addresses and for any public wallet — a bot, a sub-account, a trader you follow. Free, no registration, no private keys.

• Total fees paid (taker + maker) across any address's history
• Funding paid or received on every position, including the silent hourly drag
• Net realized PnL after all costs — the number that matches your balance
• Multi-venue view: Hyperliquid, AsterDEX, Lighter and Robinhood Chain in one panel
• CSV export of the same breakdown when you need it for taxes

Check any Hyperliquid wallet's real fee drag — paste an address and see the breakdown in seconds.

5 ways to reduce your Hyperliquid fees

1. Post limit orders. Paying maker (0.015%) instead of taker (0.045%) cuts commissions by two-thirds on every fill.
2. Stake HYPE. Even a small stake (>10 HYPE) earns 5% off; 500,000+ HYPE earns 40%.
3. Grow your 14-day volume. The tier drops at $5M, $25M and $100M — and spot volume counts double toward it.
4. Trade growth-mode HIP-3 perps when they fit your strategy: all-in taker rates between 0.0045% and 0.009%.
5. Batch withdrawals. The fee is a flat 1 USDC per withdrawal, so one weekly withdrawal beats five daily ones.

The cheapest fee is the one you can measure. Once you see fees and funding per position, reducing them stops being guesswork — it becomes an optimization with a number attached.

Frequently asked questions

How much are Hyperliquid trading fees?

Perpetuals cost 0.045% taker and 0.015% maker at the base tier; spot costs 0.070% taker and 0.040% maker. Volume tiers lower taker fees to 0.024%, and staking HYPE adds up to 40% off on top.

Does Hyperliquid charge gas fees?

No. Orders, cancellations and modifications are gasless. You only pay L1 gas when depositing over Arbitrum, and withdrawals cost a flat 1 USDC. HyperEVM dApps have their own gas, separate from trading.

How much is the Hyperliquid withdrawal fee?

A flat 1 USDC per withdrawal to Arbitrum — no percentage, no extra gas. Cross-chain withdrawals add the bridge's own fee. Centralized exchanges typically charge $2–$15 for the same operation.

How does the HYPE staking fee discount work?

Staked HYPE unlocks 5% to 40% off trading fees, scaling with the amount staked (10 to 500,000+ HYPE). The discount stacks with volume tiers, applies to perps and spot, and requires a 7-day unbonding period.

How can I see how much I've paid in fees on Hyperliquid?

Developers can query the userFees info endpoint, but the practical answer is a tracker: Hyperfolio shows total fees and funding per wallet and per position, free and without registration.

Know your real cost before your next trade

The Hyperliquid fee schedule is one of the fairest in crypto — but a fair schedule is still a cost, and costs compound invisibly when nobody shows them to you. Connect your wallet or search any Hyperliquid address on Hyperfolio — no sign-up required — and see your net PnL, fees and funding the way your balance actually experienced them.

For the rest of the cost stack, read our funding rate guide, learn how to calculate real PnL after fees, or export the full trade history for taxes when the season arrives.