Hyperliquid charges 0.045% taker / 0.015% maker at base tier — with zero deposit fees. That makes it one of the most competitive fee structures in crypto, beating Binance, Bybit, and dYdX on most metrics. This complete guide breaks down every fee you’ll encounter on Hyperliquid: perp trading fees, spot fees, withdrawal costs, vault fees, and how the volume tier system works.
Hyperliquid Fee Schedule at a Glance
| Fee Type | Amount |
|---|---|
| Perpetuals Taker Fee (Base) | 0.045% |
| Perpetuals Maker Fee (Base) | 0.015% |
| Spot Taker Fee | 0.045% |
| Spot Maker Fee | 0.015% |
| Deposit Fee | Free (0%) |
| Withdrawal Fee | ~$1–$2 flat (USDC deducted) |
| Vault Withdrawal Fee | Operator-set (typically 0–10% of profits) |
For full context on the platform, see our Hyperliquid review.
Perpetuals Trading Fees: Maker vs Taker Explained
Every trade on Hyperliquid perps incurs either a maker or taker fee depending on how your order is placed:
- Taker fee (0.045%): Charged when your order executes immediately against the order book — i.e., you “take” liquidity. This applies to market orders and limit orders that cross the spread.
- Maker fee (0.015%): Charged when your limit order rests on the order book and is filled later — i.e., you “make” liquidity. High-volume makers can earn rebates (negative fees) at top tiers.
Volume Tiers: How to Reduce Your Fees
Hyperliquid uses a 14-day rolling volume system to calculate your fee tier. The more you trade over the past 14 days, the lower your fees.
| Tier | 14-Day Volume | Taker Fee | Maker Fee |
|---|---|---|---|
| Base | < $5M | 0.045% | 0.015% |
| Tier 2 | $5M – $25M | 0.040% | 0.012% |
| Tier 3 | $25M – $100M | 0.035% | 0.010% |
| Tier 4 | $100M – $500M | 0.030% | 0.005% |
| Tier 5 (MM) | > $500M | 0.025% | -0.003% (rebate) |
At the top maker market-maker tier, traders are actually paid to trade — they receive a 0.003% rebate on every maker order filled. This is a significant advantage for algorithmic traders and market makers.
Hyperliquid vs Binance, Bybit, and dYdX: Fee Comparison
| Exchange | Taker Fee (Base) | Maker Fee (Base) | Deposit Fee | Withdrawal Fee |
|---|---|---|---|---|
| Hyperliquid | 0.045% | 0.015% | Free | ~$1–$2 |
| Binance | 0.100% | 0.100% | Free | Varies by network |
| Bybit | 0.055% | 0.020% | Free | Varies by network |
| dYdX | 0.050% | 0.020% | Free | ~$5–$20 |
Hyperliquid wins on taker fees vs Binance and Bybit, and significantly undercuts dYdX on withdrawal fees. Most importantly, Hyperliquid’s fee revenue goes back to the protocol via HYPE buybacks — not to a private company.
Hyperliquid Deposit Fee
Hyperliquid charges zero deposit fees. When you bridge USDC from Arbitrum to Hyperliquid, the only cost is the Arbitrum network gas fee — typically under $0.10. There are no platform-side deposit charges.
Hyperliquid Withdrawal Fee
Withdrawals from Hyperliquid to Arbitrum incur a small flat fee deducted from your withdrawal amount. This fee covers the cross-chain bridge operation and typically ranges from $1 to $2 in USDC. For large withdrawals, this is negligible. For very small withdrawals (under $5), it represents a larger percentage, so batch your withdrawals when possible.
Hyperliquid Vault Withdrawal Fee
Vaults on Hyperliquid have a separate fee structure that many users overlook. When you withdraw from a vault:
- Performance fee: The vault operator charges a percentage of profits — typically 10% of gains, but this varies by vault.
- No lock-up fee: You can withdraw at any time, but withdrawing before 72 hours may forfeit any accrued profit share.
- No management fee: Most vaults charge zero annual management fee — only profit-sharing.
Always read a vault’s specific terms before depositing, as operator-set fees differ.
Fee Calculator: Real Cost of $10,000 Trade
To illustrate the cost difference, here’s what a $10,000 notional trade costs on each platform at base tier:
| Exchange | Taker Fee on $10,000 | Round-Trip Cost (Open + Close) |
|---|---|---|
| Hyperliquid | $4.50 | $9.00 |
| Binance | $10.00 | $20.00 |
| Bybit | $5.50 | $11.00 |
| dYdX | $5.00 | $10.00 |
A trader doing 10 round-trips per month at $10,000 each saves $110/month vs Binance and $20/month vs dYdX on fees alone — without counting Hyperliquid’s volume rebates.
Savings Plan Cost: Weekly DCA Example
If you DCA $500 into BTC every week using market orders on Hyperliquid:
- Weekly fee: $500 × 0.045% = $0.225
- Monthly fee (4 trades): ~$0.90
- Annual fee (52 trades): ~$11.70
Compare to Binance where the same DCA costs $26/year in fees — more than double.
Does Hyperliquid Charge Gas Fees?
No. Trading on Hyperliquid itself is gasless — you don’t pay Ethereum or Arbitrum gas fees for placing orders, cancelling orders, or managing positions. The only gas fee is the one-time Arbitrum gas cost when you bridge USDC to Hyperliquid (under $0.10).
Frequently Asked Questions
Does Hyperliquid charge gas fees?
No gas fees on trades. You pay a small Arbitrum gas fee only when bridging USDC to or from Hyperliquid — typically under $0.10.
Are there hidden fees on Hyperliquid?
No hidden fees. The fee schedule is public and on-chain. The only fees are: trading fees (maker/taker), a flat withdrawal fee, and vault performance fees set by the vault operator.
How does the maker rebate work?
At the highest volume tier (14-day volume over $500M), market makers receive a -0.003% rebate — meaning Hyperliquid pays them 0.003% on every filled maker order. This incentivises deep liquidity on the order book.
What is the Hyperliquid fee schedule for spot trading?
Spot trading uses the same fee structure as perpetuals: 0.045% taker and 0.015% maker at base tier, with the same volume-tier discounts.
Hyperliquid’s fee structure is one of the most transparent and competitive in crypto. Zero deposit fees, low maker/taker rates, and on-chain fee transparency make it a compelling alternative to Binance and Bybit for active traders.
