Reference data · sourced and dated

Hyperliquid: fees, costs and prerequisites

Base perpetual-fee reference and execution prerequisites; no reward opportunity is asserted.

Checked 2026-11-10 (JST) · Updated 2026-11-10 · Record hyperliquid

Reviewed snapshot — next review due 2026-12-10.

JSON · Markdown · Schema v1 · Start options

Key facts

ItemValueBasisChecked
Trading fee0.045 percent of notional per fillOfficial2026-11-10
SpreadNot established percent of notional; quote dependentUnknown2026-11-10
WithdrawalNot established USD per withdrawalUnknown2026-11-10
Minimum capitalNot established USD collateral; market dependentUnknown2026-11-10
APIAPI wallet signing is documented.Official2026-11-10
Agent walletMaster accounts can approve API/agent wallets; approval does not remove human decision authority.Official2026-11-10

Each row repeats a Fact listed in full below, with its sources.

Start options — referral disclosure

Crypter earns a share of fees from accounts that sign up with this link.

User benefit

4% fee discount on the first $25M of volume; vaults and sub-accounts excluded.

Basis
Official
Unit
Not specified
Source IDs
hl-referrals
Checked
2026-11-10
Formula
Not applicable
Note
None

Benefits may not apply if the account is already registered or already linked to another referral. Check the official referral terms before signing up.

If you decide to use Hyperliquid, we would appreciate it if you signed up through our referral link. It is optional. The official link is listed separately.

These links open the venue’s own site. Crypter does not connect wallets, request signatures or place trades.

Venue actions below describe prerequisites, not reward qualification. Costs do not include every route, funding payment or market-specific adjustment.

Eligibility

  1. Item 1

    Kind

    region

    Description

    Venue terms and local law must be assessed for the individual account; Japanese eligibility is unverified.

    Fact

    null

    Basis
    Unknown
    Unit
    Not specified
    Source IDs
    None
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None
  2. Item 2

    Kind

    kyc

    Description

    Identity-verification requirements have not been fully reviewed.

    Fact

    null

    Basis
    Unknown
    Unit
    Not specified
    Source IDs
    None
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None

Region

Restricted regions

["United States of America","Ontario, Canada","Jurisdictions subject to applicable economic and trade sanctions or export control laws (Restricted Territories)"]

Basis
Official
Unit
Not specified
Source IDs
hl-terms
Checked
2026-11-10
Formula
Not applicable
Note
Citizens of Restricted Territories are restricted regardless of location; the list is not a legal eligibility conclusion.

Japan

unknown

Fact

null

Basis
Unknown
Unit
Not specified
Source IDs
None
Checked
2026-11-10
Formula
Not applicable
Note
None

Qualifying actions

  1. Item 1

    Action

    Wallet onboarding: trading enablement and deposit (execution context, not reward qualification).

    Onchain

    true

    Requires signature

    true

    Signature kind

    Gasless enable-trading signature and deposit transaction; exact payload review remains necessary.

    Fact

    Wallet flow includes enablement and a confirmed deposit.

    Basis
    Official
    Unit
    Not specified
    Source IDs
    hl-onboarding
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None

Costs

Trading fee

0.045

Basis
Official
Unit
percent of notional per fill
Source IDs
hl-fees
Checked
2026-11-10
Formula
Not applicable
Note
Base tier0 taker perps; maker 0.015%. Staking, asset-specific adjustments and other tiers differ.

Spread

null

Basis
Unknown
Unit
percent of notional; quote dependent
Source IDs
None
Checked
2026-11-10
Formula
Not applicable
Note
None

Gas

Trading has no gas charge; deposits require source-chain gas.

Basis
Official
Unit
native token; deposit route dependent
Source IDs
hl-onboarding
Checked
2026-11-10
Formula
Not applicable
Note
None

Bridge

null

Basis
Unknown
Unit
USD; route dependent
Source IDs
None
Checked
2026-11-10
Formula
Not applicable
Note
None

Withdrawal

null

Basis
Unknown
Unit
USD per withdrawal
Source IDs
None
Checked
2026-11-10
Formula
Not applicable
Note
None

Min capital

null

Basis
Unknown
Unit
USD collateral; market dependent
Source IDs
None
Checked
2026-11-10
Formula
Not applicable
Note
None

Risks

  1. Item 1

    Category

    market

    Description

    Price movements, spread and funding can change the outcome; this is not a total-cost estimate.

    Source ids

    None listed.

  2. Item 2

    Category

    smart_contract

    Description

    Crypter has not assessed contract safety or the likelihood of loss.

    Source ids

    None listed.

  3. Item 3

    Category

    regulatory

    Description

    Individual eligibility and Japanese legal treatment remain unverified.

    Source ids

    None listed.

  4. Item 4

    Category

    liquidation

    Description

    Equity below maintenance margin can trigger liquidation and loss of collateral.

    Source ids

    1. Item 1

      hl-liquidations

  5. Item 5

    Category

    signing

    Description

    Pruned API-wallet nonce state can permit replay of old signed actions; wallet lifecycle needs review.

    Source ids

    1. Item 1

      hl-api-wallets

  6. Item 6

    Category

    bridge

    Description

    Deposit route and source-chain risks require a separate assessment.

    Source ids

    1. Item 1

      hl-onboarding

Prerequisites

Wallet

EVM wallet; email onboarding is also documented.

Basis
Official
Unit
Not specified
Source IDs
hl-onboarding
Checked
2026-11-10
Formula
Not applicable
Note
None

Chains

["Hyperliquid","Arbitrum (one supported deposit route)"]

Basis
Official
Unit
Not specified
Source IDs
hl-onboarding
Checked
2026-11-10
Formula
Not applicable
Note
None

Assets

["USDC collateral","ETH for Arbitrum deposit gas"]

Basis
Official
Unit
Not specified
Source IDs
hl-onboarding
Checked
2026-11-10
Formula
Not applicable
Note
None

Account mode

null

Basis
Unknown
Unit
Not specified
Source IDs
None
Checked
2026-11-10
Formula
Not applicable
Note
None

Api

API wallet signing is documented.

Basis
Official
Unit
Not specified
Source IDs
hl-api-wallets
Checked
2026-11-10
Formula
Not applicable
Note
None

Agent wallet

Master accounts can approve API/agent wallets; approval does not remove human decision authority.

Basis
Official
Unit
Not specified
Source IDs
hl-api-wallets
Checked
2026-11-10
Formula
Not applicable
Note
None

Rate limits

REST: 1200 aggregate weight/minute/IP; address and websocket limits also apply.

Basis
Official
Unit
Not specified
Source IDs
hl-limits
Checked
2026-11-10
Formula
Not applicable
Note
None

Human approval required

true

Guarantee

none

Unknowns

  1. Item 1

    Japanese eligibility and KYC requirements were not established by the reviewed pages; the Terms of Use name restricted persons but do not mention Japan.

  2. Item 2

    Commercial referral terms and applicability to an existing account require owner/account-specific review.

  3. Item 3

    No current airdrop or points opportunity is reviewed here.

  4. Item 4

    Live spread, funding, bridge route, withdrawal amount, minimum capital and required account mode remain unverified.

  5. Item 5

    Only the base validator-operated perps fee scope is modeled; HIP-3, aligned quotes, staking and other adjustments need separate review.

Unconfirmed topics

None listed.

Fee tiers

  1. Item 1

    Tier

    0

    Volume above usd

    0

    Basis
    Official
    Unit
    USD weighted volume over 14 days
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    Tier0 is the base tier; higher thresholds are strict greater-than.

    Taker pct

    0.045

    Basis
    Official
    Unit
    percent
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None

    Maker pct

    0.015

    Basis
    Official
    Unit
    percent
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None
  2. Item 2

    Tier

    1

    Volume above usd

    5000000

    Basis
    Official
    Unit
    USD weighted volume over 14 days
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    Tier0 is the base tier; higher thresholds are strict greater-than.

    Taker pct

    0.04

    Basis
    Official
    Unit
    percent
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None

    Maker pct

    0.012

    Basis
    Official
    Unit
    percent
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None
  3. Item 3

    Tier

    2

    Volume above usd

    25000000

    Basis
    Official
    Unit
    USD weighted volume over 14 days
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    Tier0 is the base tier; higher thresholds are strict greater-than.

    Taker pct

    0.035

    Basis
    Official
    Unit
    percent
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None

    Maker pct

    0.008

    Basis
    Official
    Unit
    percent
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None
  4. Item 4

    Tier

    3

    Volume above usd

    100000000

    Basis
    Official
    Unit
    USD weighted volume over 14 days
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    Tier0 is the base tier; higher thresholds are strict greater-than.

    Taker pct

    0.03

    Basis
    Official
    Unit
    percent
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None

    Maker pct

    0.004

    Basis
    Official
    Unit
    percent
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    Not applicable
    Note
    None

Fee examples

  1. Item 1

    Label

    Base tier 0: hypothetical USD 1000000 notional, taker only

    Fact

    450

    Basis
    Calculated
    Unit
    USD base trading fee
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    1000000 * (0.045 / 100) = 450
    Note
    Fixed-tier example only. Excludes referral discounts, staking, funding, spread, bridges, asset-specific adjustments and Builder fees.
  2. Item 2

    Label

    Base tier 1: hypothetical USD 1000000 notional, taker only

    Fact

    400

    Basis
    Calculated
    Unit
    USD base trading fee
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    1000000 * (0.04 / 100) = 400
    Note
    Fixed-tier example only. Excludes referral discounts, staking, funding, spread, bridges, asset-specific adjustments and Builder fees.
  3. Item 3

    Label

    Base tier 2: hypothetical USD 1000000 notional, taker only

    Fact

    350

    Basis
    Calculated
    Unit
    USD base trading fee
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    1000000 * (0.035 / 100) = 350
    Note
    Fixed-tier example only. Excludes referral discounts, staking, funding, spread, bridges, asset-specific adjustments and Builder fees.
  4. Item 4

    Label

    Base tier 3: hypothetical USD 1000000 notional, taker only

    Fact

    300

    Basis
    Calculated
    Unit
    USD base trading fee
    Source IDs
    hl-fees
    Checked
    2026-11-10
    Formula
    1000000 * (0.03 / 100) = 300
    Note
    Fixed-tier example only. Excludes referral discounts, staking, funding, spread, bridges, asset-specific adjustments and Builder fees.

Official sources and retrieval dates

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This is reference data published by Crypter. It does not ask any software to act. Registrations, signatures, deposits and trades are decisions for the human who owns the account. Nothing here guarantees airdrops, points, or profits. Crypter earns referral fees where a referral block is present.