Hyperliquid Trading Fees, Volume Tiers, Staking Discounts, and Special Rules
Summary
This document explains how Hyperliquid assesses trading fees across perpetual futures and spot markets. Fee tiers use rolling 14-day weighted volume, with spot volume counted twice; a user's tier applies across assets, while sub-account volume aggregates to the master account and vault volume is separate. It presents tier schedules for maker and taker fees, plus staking-based discounts and maker rebates. Rebates are paid continuously, and referral adjustments apply within stated volume limits.
Additional rules cover HIP-3 growth mode, aligned quote assets, certain spot pairs, staking-linked accounts, and outcome tokens. Growth mode reduces fees, rebates, and volume contributions for eligible markets subject to deployer and market restrictions. The document also describes how fees flow to community-related destinations and how the assistance fund converts fees to HYPE for burning. These details are protocol-specific and can change; the excerpt is a fee reference rather than an analysis of trading profitability. Actual costs depend on market type, tier, discounts, rebates, and applicable special rules.
Key ideas
- Perps and spot use separate fee schedules, while weighted volume across both determines a shared fee tier.
- Spot trading volume counts twice toward the rolling 14-day tier calculation.
- Staking tiers can reduce fees, and maker rebates are paid directly to the trading wallet.
- HIP-3 growth mode lowers fees and volume contributions but is limited to eligible markets and deployer settings.
- Outcome-token fees and volume accounting depend on whether positions are opened, closed, burned, or settled.
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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.