Hyperliquid fees explained (Nov 2026): maker, taker, builder fees
Updated Nov 12, 2026 · 8 min read
On a paid Senpi plan you pay only Hyperliquid’s fee. Hyperliquid’s fees on Nov 12, 2026: 0.045% taker, 0.015% maker, tiers, discounts, builder fees by app and HIP-3 rates.
On a paid Senpi plan you pay only Hyperliquid’s fee: Senpi adds 0% on Pro, Advanced and Quant, and 0.03% on the free trial. Hyperliquid itself charges a fee on every fill: 0.045% for taker orders and 0.015% for maker orders at the base tier, on the position’s notional value. Trading more, staking HYPE and joining with a referral code lower it. The app you trade through can add its own builder fee on top, and stock, commodity and other HIP-3 markets set their own multiple. Every rate below is from Hyperliquid’s documentation and API on Nov 12, 2026.
Key takeaways
- Base perps fee: 0.045% taker, 0.015% maker. A $10,000 market order pays $4.50.
- Seven volume tiers on 14-day volume cut that to 0.024% taker and 0% maker above $7B.
- Staking HYPE takes 5% to 40% off; a referral code takes 4% off your first $25M of volume.
- Apps can add a builder fee of up to 0.1% on perps. In October 2026 the big wallet apps charged 2 to 10 basis points; Hyperliquid’s own app and Senpi’s paid plans charge none.
- Most stock and commodity perps on the XYZ DEX run in growth mode at 0.009% taker, a fifth of the crypto rate.
- Maker order
- A limit order that rests on the order book until someone trades against it. It adds liquidity and pays the lower fee: 0.015% at the base tier.
- Taker order
- An order that fills at once against orders already on the book, such as a market order, a limit order priced through the spread or a triggered stop. It removes liquidity and pays the higher fee: 0.045% at the base tier.
Perps fees by volume tier
Your tier depends on your rolling 14-day volume, recalculated at the end of each UTC day. Spot volume counts double, and one tier applies to everything you trade: crypto perps, HIP-3 perps and spot. Sub-accounts share the main account’s tier; vaults are counted separately.
| Tier | 14-day volume | Taker | Maker | $10,000 taker fill |
|---|---|---|---|---|
| 0 | Under $5M | 0.045% | 0.015% | $4.50 |
| 1 | Over $5M | 0.040% | 0.012% | $4.00 |
| 2 | Over $25M | 0.035% | 0.008% | $3.50 |
| 3 | Over $100M | 0.030% | 0.004% | $3.00 |
| 4 | Over $500M | 0.028% | 0% | $2.80 |
| 5 | Over $2B | 0.026% | 0% | $2.60 |
| 6 | Over $7B | 0.024% | 0% | $2.40 |
Above tier 4 makers pay nothing, and the largest market makers earn a rebate: −0.001% to −0.003% for those providing more than 0.5% of all maker volume on the exchange. Spot has its own schedule, from 0.070% taker and 0.040% maker at the base tier.
Discounts: staked HYPE and referral codes
| Staking tier | HYPE staked | Discount | Base taker | Base maker |
|---|---|---|---|---|
| Wood | Over 10 | 5% | 0.0428% | 0.0143% |
| Bronze | Over 100 | 10% | 0.0405% | 0.0135% |
| Silver | Over 1,000 | 15% | 0.0383% | 0.0128% |
| Gold | Over 10,000 | 20% | 0.0360% | 0.0120% |
| Platinum | Over 100,000 | 30% | 0.0315% | 0.0105% |
| Diamond | Over 500,000 | 40% | 0.0270% | 0.0090% |
- Stake from the address you trade with. Staking from another address works only through a permanent link, and the link lets the staking address take every fund from the trading address. Link only addresses you control.
- Referral code: 4% off your fees for your first $25M of volume. Enter it once on Hyperliquid’s referrals page; it does not apply to vaults or sub-accounts.
- Discounts multiply. A base taker fill with Gold staking and a referral code pays 0.045% × 0.80 × 0.96 = 0.035%.
Builder fees: what the app adds
Wallets and trading apps built on Hyperliquid can charge their own fee on each order through a builder code. You approve a maximum fee for each app once, from your main wallet, and can revoke it at any time. Hyperliquid caps builder fees at 0.1% on perps and 1% on spot, and you can approve up to ten apps at once. The builder fee is paid on top of Hyperliquid’s fee and is not reduced by staking or referral discounts.
| App | Builder fee | On a $10,000 round trip |
|---|---|---|
| MetaMask | 9.9 bps (0.099%) | $19.80 |
| Trust Wallet | 9.8 bps (0.098%) | $19.60 |
| Phantom | 5.3 bps (0.053%) | $10.60 |
| fomo | 4.5 bps (0.045%) | $9.00 |
| Invo | 3.5 bps (0.035%) | $7.00 |
| Rabby | 2.1 bps (0.021%) | $4.20 |
| Senpi, paid plans | 0 | $0.00 |
| Senpi, free trial or no paid plan | 3 bps (0.030%) | $6.00 |
| Hyperliquid’s own app | 0 | $0.00 |
The wallet-app rates come from Senpi’s study of 381,262 Hyperliquid app wallets, which measured what each app’s fee does to its users’ results: Hyperliquid app wallets and builder fees. Apps change their rates, so check the maximum fee an app asks you to approve before you approve it.
Stock, commodity and other HIP-3 markets
HIP-3 markets are deployed by third parties, such as the XYZ DEX for stocks, indices and commodities. Each deployer sets a fee scale and keeps up to half of the fees. At the usual scale, HIP-3 fees are double the crypto rate: 0.090% taker and 0.030% maker. Deployers can switch a market to growth mode, which cuts fees, rebates and volume credit by 90%. Growth mode is only allowed for markets that do not overlap with crypto, so markets such as gold and stocks that mainly hold crypto stay at the full rate. Staking and referral discounts still apply.
| Deployer and markets | Mode | Base taker | Base maker |
|---|---|---|---|
| XYZ: 117 of 122 markets | Growth mode | 0.009% | 0.003% |
| XYZ: 5 of 122 markets | Standard | 0.090% | 0.030% |
| EntropyIO: all 15 markets | Growth mode | 0.009% | 0.003% |
| Paragon: 27 of 33 markets | Growth mode | 0.009% | 0.003% |
| Paragon: 5 of 33 markets | Standard | 0.090% | 0.030% |
| Paragon: 1 of 33 markets | Fee scale 0.5 | 0.068% | 0.022% |
See which markets are on the XYZ DEX in tradeable assets, and how to trade them in how to trade stocks on Hyperliquid.
A $10,000 round trip, priced
A $10,000 position opened and closed, so $20,000 traded, at the base tier on Nov 12, 2026. Funding is left out because it depends on how long you hold.
| Trade | Fees, open and close | How |
|---|---|---|
| BTC perp, market orders | $9.00 | 0.045% × $20,000 |
| BTC perp, post-only limit orders (maker) | $3.00 | 0.015% × $20,000 |
| BTC perp, market orders, referral code | $8.64 | 4% off |
| BTC perp, market orders, Gold staking | $7.20 | 20% off |
| BTC perp, market orders, through an app at 9.9 bps | $28.80 | 0.045% + 0.099% builder fee |
| BTC perp, market orders, Senpi paid plan | $9.00 | No Senpi fee |
| NVDA on XYZ, market orders (growth mode) | $1.80 | 0.009% × $20,000 |
| GOLD on XYZ, market orders | $18.00 | 0.090% × $20,000 |
Other costs
- Funding: paid between longs and shorts every hour while a position is open, not to Hyperliquid. See funding, margin and liquidation.
- Gas: trading on Hyperliquid is gas-free. You pay gas only on the chain you deposit from.
- Withdrawals: a $1 fee, taking about five minutes.
- Minimum order: $10 of notional value.
Where the fees go
Hyperliquid’s trading fees go to the community, not a company: to HLP, the protocol’s market-making vault, and to the assistance fund, which converts them into HYPE and burns it. On HIP-3 and spot markets the deployer can keep up to half.
How to pay less
- 01Use post-only limit orders. A post-only (ALO) order is cancelled instead of filling as a taker, so it always pays the maker rate: a third of the taker fee at the base tier. Senpi strategies can do this automatically with maker-first orders.
- 02Keep your volume on one account. Sub-accounts share a tier; separate wallets don’t.
- 03Stake HYPE from your trading address. 10 HYPE is enough for 5% off.
- 04Join with a referral code before your first trade for 4% off your first $25M.
- 05Check the builder fee. It can cost more than Hyperliquid’s own fee. Senpi’s paid plans add none: see Senpi fees.
Frequently asked questions
What are Hyperliquid’s trading fees?
0.045% for taker orders and 0.015% for maker orders on perps at the base tier, charged on notional value, and on a paid Senpi plan that is all you pay. They fall with 14-day volume to 0.024% taker and 0% maker above $7B.
Is there a Hyperliquid app with zero trading fees?
Senpi’s paid plans add no fee of their own, so you pay only Hyperliquid’s, but no app can remove Hyperliquid’s fee itself: every fill pays at least the exchange rate, 0.045% taker and 0.015% maker at the base tier. Hyperliquid’s own app adds no builder fee either; the big wallet apps added 2 to 10 basis points in October 2026.
How do I lower my Hyperliquid fees?
Trade through an app with no builder fee, such as Senpi on a paid plan, use post-only limit orders, stake HYPE from your trading address (5% to 40% off) and join with a referral code (4% off your first $25M).
What is a builder fee on Hyperliquid?
A fee that a wallet or trading app adds to each order through a builder code, on top of Hyperliquid’s fee; Senpi adds none on paid plans and 0.03% on the free trial. You approve a maximum per app, and Hyperliquid caps it at 0.1% on perps and 1% on spot.
Are fees different on Hyperliquid stock perps?
Yes. On a paid Senpi plan you still pay only the market’s own fee, and on stock perps that depends on the market. Stocks trade on HIP-3 markets such as the XYZ DEX, where fees are double the crypto rate unless the market is in growth mode. On Nov 12, 2026 most XYZ markets were in growth mode at 0.009% taker and 0.003% maker.
Does Hyperliquid charge gas or withdrawal fees?
Trading on Hyperliquid is gas-free, including through Senpi. Withdrawals cost $1 and take about five minutes; deposits cost only the gas on the chain you send from.
Does Senpi charge a trading fee?
Not on paid plans (Pro, Advanced and Quant): you pay only Hyperliquid’s fees. Pro at $50 a month is the lowest paid plan. The free trial, or trading without a paid plan, carries a 0.03% Senpi fee.
Sources and date
Rates from Hyperliquid’s documentation (fees, builder codes, referrals, HIP-3, API) and its public API on Nov 12, 2026; wallet-app builder fees from Senpi’s October 2026 study; Senpi’s fees from senpi.ai/pricing. Nothing on this page is financial advice.
Trade Hyperliquid with no Senpi fee
Every paid Senpi plan adds 0% on top of Hyperliquid’s own fees.
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