Some of the lowest maker/taker fees in the industry, with VIP discounts that scale with your volume — and every order settles gas-free.
No hidden costs, no withdrawal fees beyond network gas, and no gas at all to place or cancel orders.

Base maker fees start at 1bp and scale down to 0% for the highest volume tiers.

Base taker fees start at 3.5bp and go as low as 1.5bp for market-maker tiers.

Discounts apply automatically based on your rolling 14-day volume across perps and spot.

No gas for placing, editing, or cancelling orders — even when the network is busy.

Signing up through a referral code adds up to a 10% rebate on taker fees on top of your VIP tier.

Every fee, fill, and rebate is recorded on the L1 and publicly verifiable in real time.
The same schedule applies to both perpetuals and spot. Volume is measured on a rolling 14-day basis.
| Tier | 14-day volume | Maker | Taker | Notes |
|---|---|---|---|---|
| Base | < $5M | 0.0100% | 0.0350% | Default for new accounts |
| VIP 1 | $5M+ | 0.0080% | 0.0300% | Applied automatically |
| VIP 2 | $25M+ | 0.0050% | 0.0250% | −28% |
| VIP 3 | $100M+ | 0.0030% | 0.0200% | −43% |
| Market Maker | $500M+ | 0.0000% | 0.0150% | Maker rebate |
Estimate the fee for a given trade size and see how it compares to running the same volume on Binance.
| Exchange | Maker (base) | Taker (base) | Gas per order | Self-custody |
|---|---|---|---|---|
| Hyperliquid | 0.010% | 0.035% | $0 | Yes |
| Binance | 0.020% | 0.040% | — | No |
| Bybit | 0.020% | 0.055% | — | No |
| dYdX v4 | 0.020% | 0.050% | $0 | Yes |
| GMX v2 | — | 0.050–0.070% | Network gas | Yes |