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Standard Fees: Standard fees for all HIP-3 assets are currently 2x the usual fees on validator-operated perp markets, with 50% of those fees going to Hyperliquid and 50% to trade[XYZ]. Growth Mode: Growth mode may be enabled on certain assets. With growth mode, all-in fees are reduced by ≥90% from the standard fee rate, and both rebates and volume-contribution credits are also reduced by ≥90%. The following are not eligible for growth mode:
  • Crypto perps against any collateral
  • Perps on crypto indexes, ETFs, or other baskets of crypto assets
  • Perps on mathematical combinations including crypto assets (e.g., BTC + X)
  • Perps on vehicles or wrappers that hold primarily crypto assets (e.g. MSTR)
  • Perps tracking gold, because PAXG-USDC already tracks gold price (e.g. Gold)
Fee Tiers: Fee tiers are based on rolling 14-day volume, assessed daily (UTC). One tier applies across all perps, HIP-3 perps, and spot. Maker rebates are paid continuously per trade. Hyperliquid staking discounts apply. You can read more about fees in Hyperliquid’s documentation.

HIP-3 Fee Tiers — Growth Mode

HIP-3 Fee Tiers — Standard