Fees

Two layers, clearly separated

Hyperliquid's own trading fee goes to the protocol. It starts around 0.045% taker / 0.015% maker and drops with your volume and staking tier. We do not receive any of it and cannot change it.

Our builder fee is capped at 0.1% of notional and is the whole of our revenue. It is charged on the notional value of the trade, not on your margin — so a 10× leveraged position pays ten times the fee of the same margin unleveraged. That is worth understanding before you size a position.

Your rate is not fixed

Rates are set per account, not hard-coded. Volume tiers reduce it automatically, referral codes can reduce it further, and we can set an individual rate for an account. The rate that will apply is shown in the order panel before you confirm, every time.

The cap you sign is a ceiling, not a price

The builder-fee approval you sign authorises a maximum. Charging you above it is not merely against policy — Hyperliquid rejects the order outright. If we ever raised our rate above the ceiling you approved, your orders would simply stop going through until you approved a new one.