Maker
Governs DAI, the oldest DeFi stablecoin. MKR-PERP is illiquid but moves on governance.
0.015%
0.0144% with AWD
0.045%
0.0432% with AWD
1 Hour
vs 8 hours on CEX
4% OFF
With code AWD
Watch MakerDAO governance votes on DAI collateral changes - adding new RWA collateral types has historically pumped MKR 10-20%.
Visit app.hyperliquid.xyz/join/AWD and connect your MetaMask or WalletConnect wallet.
Bridge USDC from Arbitrum to Hyperliquid. The bridge takes 1-5 minutes with minimal fees.
Select MKR-PERP, set your leverage, and open a position with 4% reduced fees.
MKR (Maker) perpetual futures allow traders to speculate on MKR price movements without holding the actual token. On Hyperliquid, MKR-PERP trades against USDC with no expiry date, meaning positions can be held indefinitely as long as margin requirements are met.
Hyperliquid offers deep liquidity for MKR trading with competitive spreads and minimal slippage for most position sizes.
Unlike centralized exchanges, trading MKR on Hyperliquid requires no KYC verification. Connect any EVM-compatible wallet, bridge USDC from Arbitrum, and start trading with leverage up to 10x. Your funds remain in self-custody throughout - no exchange holds your assets.
Why trade MKR on Hyperliquid? DeFi governance play with direct revenue from DAI interest. Low liquidity means big moves on small catalysts.
The funding rate is a periodic payment between long and short traders that keeps perpetual futures prices aligned with the spot market. On Hyperliquid, MKR funding is calculated and paid every hour - 8x more frequent than most exchanges.
When funding is positive, traders holding long positions pay those holding shorts. When negative, the opposite occurs. Traders can profit from funding by taking positions opposite to market sentiment.
MKR funding behavior: Erratic due to low volume. Thin order books mean a single large position can skew funding dramatically.
| Feature | Hyperliquid | Binance | Bybit |
|---|---|---|---|
| Maker Fee | 0.015% (0.0144% w/ AWD) | 0.02% | 0.02% |
| Taker Fee | 0.045% (0.0432% w/ AWD) | 0.04% | 0.055% |
| Type | DEX (Decentralized) | CEX | CEX |
| KYC Required | No | Yes | Yes |
| Self-Custody | Yes | No | No |
| Funding Interval | 1 hour | 8 hours | 8 hours |
Get 4% off all trading fees with referral code AWD. No KYC required, self-custody, and the lowest fees in DeFi.
Trade MKR on HyperliquidDisclaimer: This site earns commissions from signups using referral code AWD. This is not financial advice. Cryptocurrency trading involves significant risk of loss. Do your own research before trading. Affiliate disclosure · Full disclaimer