# Fees and Funding

## Trading Fees

Fees are set by Hyperliquid and charged per trade based on notional value.

### Standard Perp Markets (BTC, ETH, SOL, etc.)

| **Type**              | **Base Fee** |
| --------------------- | ------------ |
| Taker (market orders) | 0.045%       |
| Maker (limit orders)  | 0.015%       |

Higher-volume traders receive lower fees through Hyperliquid's VIP tiers:

| **14-Day Volume** | **Taker** | **Maker** |
| ----------------- | --------- | --------- |
| < $5M             | 0.045%    | 0.015%    |
| >= $5M            | 0.040%    | 0.012%    |
| >= $25M           | 0.035%    | 0.008%    |
| >= $100M          | 0.030%    | 0.004%    |
| >= $500M          | 0.028%    | 0%        |

### HIP-3 Markets (xyz:, flx:, vntl:, etc.)

HIP-3 deployed markets have different fee structures. Many currently have Growth Mode enabled, which reduces fees by 90%:

| **Mode**              | **Taker**     | **Maker** |
| --------------------- | ------------- | --------- |
| Standard HIP-3        | 0.048%–0.090% | 0%–0.030% |
| Growth Mode (current) | 0.005%–0.009% | 0%–0.003% |

{% hint style="info" %}
Growth Mode is temporary and may be deactivated by deployers. Check the trading interface for current rates on each market.
{% endhint %}

## Byreal Platform Fee

**From 10 Mar 2026 – 31 Mar 2026, Byreal will not charge any additional platform fees.** Users  only pay Hyperliquid's trading fees.

{% hint style="info" %}
This may change in the future. Any fee changes will be announced in advance.
{% endhint %}

## Funding Rate

Perpetual contracts use a funding mechanism to keep the perp price aligned with the spot/index price:

* **Positive funding** — Longs pay shorts (perp price > spot)
* **Negative funding** — Shorts pay longs (perp price < spot)
* Funding is exchanged every 1 hour
* Hyperliquid's funding rate cap is 4% per hour (significantly higher than centralized exchanges)
* Displayed on each market page and in your position details

{% hint style="warning" %}
In extreme market conditions, funding rates can become a significant cost. Monitor your funding payments, especially for positions held over extended periods.
{% endhint %}

## Transfer Fees

See Transfer & Bridging → Transfer Fees for details on Relay bridge fees.