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%

Growth Mode is temporary and may be deactivated by deployers. Check the trading interface for current rates on each market.

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.

This may change in the future. Any fee changes will be announced in advance.

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

In extreme market conditions, funding rates can become a significant cost. Monitor your funding payments, especially for positions held over extended periods.

Transfer Fees

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