Complete breakdown of Hyperliquid fee tiers, staking discounts, and how to pay the lowest fees possible with referral code AWD.
Hyperliquid charges some of the lowest trading fees in the crypto industry. Base fees start at 0.015% maker / 0.045% taker, and high-volume traders can reach 0.000% maker / 0.020% taker. On top of that, HYPE staking gives up to 40% off and referral code AWD adds another 4% discount.
Hyperliquid uses a volume-based fee tier system. Your tier is determined by your total trading volume over a rolling 14-day period. The more you trade, the lower your fees get. Here is every tier:
| Tier | 14-Day Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| 0(Default) | $0 - $5M | 0.015% | 0.045% |
| 1 | $5M - $25M | 0.012% | 0.040% |
| 2 | $25M - $100M | 0.010% | 0.036% |
| 3 | $100M - $500M | 0.008% | 0.032% |
| 4 | $500M - $1.5B | 0.006% | 0.028% |
| 5 | $1.5B - $7B | 0.004% | 0.024% |
| 6 | $7B+ | 0.000% | 0.020% |
Most traders fall into Tier 0. Tier 6 is reserved for the highest-volume market makers who essentially trade for free on maker orders.
Staking HYPE tokens gives you an additional percentage discount on your trading fees. The discount is applied on top of your volume-based tier rate. The more HYPE you stake, the bigger the discount - up to 40% off for Diamond tier.
This means a Diamond-tier staker on the default fee tier pays just 0.009% maker and 0.027% taker instead of the standard 0.015% / 0.045%.
| Staking Tier | HYPE Staked | Fee Discount |
|---|---|---|
| Wood | Any amount | 5% |
| Bronze | 10,000+ HYPE | 10% |
| Silver | 100,000+ HYPE | 15% |
| Gold | 500,000+ HYPE | 20% |
| Platinum | 1,000,000+ HYPE | 30% |
| Diamond | 3,000,000+ HYPE | 40% |
Exact staking thresholds are set by the protocol and may change. Check the Hyperliquid app for current requirements.
Using referral code AWD when signing up gives you a 4% discount on all trading fees for your first $25M in volume. This is the maximum referral discount Hyperliquid allows, and it stacks with both volume tiers and staking discounts.
The referral code must be applied before your first trade. You cannot add it to an existing account.
That is a 23.2% total discount from the base taker fee of 0.045%.
Hyperliquid has the lowest base maker fee of any major perpetual futures exchange - and it is a fully decentralized DEX, not a centralized exchange. Here is how it compares:
| Exchange | Type | Maker Fee | Taker Fee |
|---|---|---|---|
| Hyperliquid | DEX | 0.015% | 0.045% |
| Binance | CEX | 0.020% | 0.040% |
| Bybit | CEX | 0.020% | 0.055% |
| dYdX | DEX | 0.020% | 0.050% |
Key takeaway: Hyperliquid offers the lowest maker fee at 0.015% - 25% cheaper than Binance, Bybit, and dYdX. The taker fee of 0.045% is slightly higher than Binance but still competitive, especially when you add staking and referral discounts.
And unlike centralized exchanges, Hyperliquid is fully on-chain. You keep custody of your funds at all times - no counterparty risk, no withdrawal freezes.
Use referral code AWD to get 4% off all trading fees on Hyperliquid. Works instantly for new accounts.
Disclaimer: 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