Hyperliquid fee calculator

Enter the position size and order types. The calculator shows the fee for one trade and for a month, with and without code COINGECKO, using the rates in Hyperliquid's docs.

Market

Position size$Margin times leverage. $1,000 at 10x is $10,000.Trades per monthEach trade is one entry, plus one exit if you pick it below.

Entry order

Exit order

Market orders and stop-market exits are taker orders. Limit orders that rest on the book are maker orders.

Your account: fee tier, HYPE staked, volume so far(optional)

Fee tier (14-day weighted volume)Spot volume counts double toward your tier.HYPE stakedVolume this wallet has already traded$The 4% discount stops after $25M of lifetime volume.

Per trade

Fees without a code	$9.00
Fees with 4% off	$8.64
You save	$0.36

Per month, 20 trades

Volume	$400K
Fees with the code	$172.80
You save	$7.20
Saved over 12 months	$86.40

The discount has $25M of volume left. At this pace it lasts 63 months and saves $450 in total.

Open Hyperliquid with 4% off

How this is calculated

Entry rate 0.045% without the code, 0.0432% with it. Exit rate 0.045% and 0.0432%.

Rate = tier rate × (1 − staking discount) × (1 − 4% referral discount). This follows the fee formula Hyperliquid publishes for developers.

Not included: maker rebates, aligned quote assets, funding payments, spread and slippage. Fees are charged on position size, not on your margin.

Two worked examples

A $10,000 position, market in and market out, tier 0. Taker on both legs is 0.045% × $20,000 = $9.00. With the code the rate is 0.0432%, so you pay $8.64 and save $0.36.

A $50,000 position, limit entry and market exit, Bronze staking. Bronze takes 10% off. The maker entry costs 0.0135% and the taker exit 0.0405%, so the round trip is $27.00. With the code it is $25.92, a saving of $1.08.

What the calculator leaves out

Trading fees are only part of the cost. Funding is paid every hour between longs and shorts. Spread and slippage depend on the market and your order size. Moving funds on and off Hyperliquid can cost gas or a withdrawal fee. Maker rebates, which pay high-volume makers instead of charging them, are not modeled.

For the full fee tables and how tiers, staking and the referral discount stack, see Hyperliquid fees.

Questions

Are Hyperliquid fees charged on margin or on position size?

On position size. A $1,000 deposit at 10x leverage opens a $10,000 position, and the fee is a percentage of the $10,000.

Is there a fee to open and to close a position?

Yes. Opening and closing are two separate trades, and each is charged as maker or taker depending on the order type. A round trip with market orders pays the taker rate twice.

How much can the referral code save in total?

The 4% discount covers the first $25M of volume. At the base perps taker rate of 0.045%, that is $450. Spot and some HIP-3 markets cost more per trade, so they can save more. Higher tiers and staking lower the rate, so the saving goes down with them.

Does funding count as a fee?

No. Funding is paid between longs and shorts every hour, and it is not a trading fee. The referral discount does not change it.

Sources

Hyperliquid Docs: Fees read October 29, 2026
Hyperliquid Docs: Referrals read October 29, 2026

Page updated October 29, 2026. Referral and fee terms checked automatically against Hyperliquid's docs on October 29, 2026. Written by the Hyperliquid Discount team. How we check facts.

COINGECKOOpen Hyperliquid, 4% off