(14d weighted volume) = (14d perps volume) + 2 * (14d spot volume).
For each user, there is one fee tier across all assets, including perps, HIP-3 perps, and spot. When growth mode is activated for an HIP-3 perp, protocol fees, rebates, volume contributions, and L1 user rate limit contributions are reduced by 90%. HIP-3 deployers can configure an additional fee share between 0-300% (0-100% for growth mode). If the share is above 100%, the protocol fee is also increased to be equal to the deployer fee.
Spot pairs between two spot quote assets have 80% lower taker fees, maker rebates, and user volume contribution.
USDH benefits from 20% lower taker fees, 50% better maker rebates, and 20% more volume contribution toward fee tiers.
Perps fee tiers
Base rates before staking discounts. See Staking tiers below for discount percentages.| Tier | 14d weighted volume | Taker | Maker |
|---|---|---|---|
| 0 | — | 0.045% | -0.015% |
| 1 | >$5M | 0.040% | -0.012% |
| 2 | >$25M | 0.035% | -0.008% |
| 3 | >$100M | 0.030% | -0.004% |
| 4 | >$500M | 0.028% | 0.000% |
| 5 | >$2B | 0.026% | 0.000% |
| 6 | >$7B | 0.024% | 0.000% |
Staking tiers
| Tier | HYPE staked | Trading fee discount |
|---|---|---|
| Wood | >10 | 5% |
| Bronze | >100 | 10% |
| Silver | >1,000 | 15% |
| Gold | >10,000 | 20% |
| Platinum | >100,000 | 30% |
| Diamond | >500,000 | 40% |
Maker rebates
| Tier | 14d weighted maker volume | Maker fee |
|---|---|---|
| 1 | >0.5% | -0.001% |
| 2 | >1.5% | -0.002% |
| 3 | >3.0% | -0.003% |
0xfefefefefefefefefefefefefefefefefefefefe. It converts trading fees to HYPE in a fully automated manner as part of the L1 execution. HYPE in the assistance fund is burned, removing the tokens permanently from the circulating and total supply.
Staking linking
A “staking user” and a “trading user” can be linked so that the staking user’s HYPE staked can be attributed to the trading user’s fees. A few important points to note:- The staking user will be able to unilaterally control the trading user. In particular, linking to a specific staking user essentially gives them full control of funds in the trading account.
- Linking is permanent. Unlinking is not supported.
- The staking user will not receive any staking-related fee discount after being linked.
- Linking requires the trading user to send an action first, and then the staking user to finalize the link. See “Link Staking” at app.hyperliquid.xyz/portfolio for details.
- No action is required if you plan to trade and stake from the same address.