Industry-leading maker/taker rates with progressive VIP discounts. Pay less, trade more — and zero gas on every order.
No hidden costs, no withdrawal fees beyond network gas, and no gas at all for placing or cancelling orders.

Base maker fee starts at 1 basis point and drops to 0% at the highest volume tier.

Base taker fee starts at 3.5 bps and goes as low as 1.5 bps for market makers.

Discounts kick in automatically based on rolling 14-day trading volume across perps and spot.

Place, modify, and cancel orders without paying any gas — even during peak congestion.

Up to 10% discount on taker fees when signing up through a referral code.

Every fee, fill, and rebate is recorded on the L1 — auditable in real time by anyone.
Fees apply to both perpetuals and spot. Volume is measured on a rolling 14-day window.
| Tier | 14d Volume | Maker | Taker | Notes |
|---|---|---|---|---|
| Base | < $5M | 0.0100% | 0.0350% | Default for new accounts |
| VIP 1 | $5M+ | 0.0080% | 0.0300% | Auto-applied |
| 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 you'd pay for any trade size, and compare it to what you'd pay on Binance for the same volume.
| Exchange | Maker (base) | Taker (base) | Gas / order | Self-custody |
|---|---|---|---|---|
| Hyperliquid | 0.010% | 0.035% | Zero | Yes |
| Binance | 0.020% | 0.040% | — | No |
| Bybit | 0.020% | 0.055% | — | No |
| dYdX v4 | 0.020% | 0.050% | Zero | Yes |
| GMX v2 | — | 0.050–0.070% | Network gas | Yes |