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Fees

What a trade costs

Exactly what it costs on Hyperliquid. Perps adds nothing on top today: no builder fee, no spread, no subscription.

Trading fees

Hyperliquid's schedule
Hyperliquid's maker and taker feesTiered by your volume

Funding

Every hour
Paid between longs and shortsHyperliquid's rate

Borrow interest

Paid by borrowers
To suppliers90%
Buffer10%

Perps

Today
Nothing0%

Supplying and withdrawing are free

Moving USDC into and out of Hyperliquid's lending pool costs nothing, so Perps can supply idle USDC and pull margin back as often as you trade.

Deposits come from Arbitrum, at least 5 USDC, and your wallet pays Arbitrum's network fee for the transfer.

Hyperliquid keeps 10% of borrow interest

Borrowers pay interest on the USDC they borrow. Hyperliquid keeps a tenth of it as a buffer against liquidations that can't cover their debt; suppliers share the rest. The supply rate today is 3.52%.

Trading fees are set by Hyperliquid and fall as your volume grows. Hyperliquid's fee schedule.

Nothing on top

Open app

Perps is a front-end on Hyperliquid. It doesn't touch your trades' prices or your interest.

Trading feeHyperliquid's
FundingHyperliquid's
Perps fee$0.00
Supply and withdrawFree
What you pay

Hyperliquid's fees, nothing else.

Perps
None today.

Hyperliquid lets a front-end add a fee to the orders it sends, only after your wallet approves it.

Builder fee

A Hyperliquid feature front-ends can use.

Deposit
Arbitrum USDCHyperliquid
250 USDC
Example amount · minimum 5 USDC
Deposits

From Arbitrum, minimum 5 USDC.