0.045% to take, 0.015% to make, plus the 0.01% builder fee that pays for this terminal — charged on top, approved by you on-chain, and nothing unless you trade.
Hyperliquid charges 0.045% to take and 0.015% to make at the base tier. Orders routed through WatchCrypto carry an additional 0.01% builder fee, which is how this terminal is paid for. Nothing is charged unless you trade.
| Order | Base rate | What it means |
|---|---|---|
| Taker | 0.045% | You crossed the spread — a market order, or a limit order that filled immediately. |
| Maker | 0.015% | Your order rested in the book and someone else traded against it. |
Trading itself is gas-free: there is no network fee on orders, cancels or fills. You pay gas only on the chain you deposit from or withdraw to.
Your tier is set by your rolling 14-day volume, assessed at the end of each day in UTC. Spot volume counts double: 14-day weighted volume = perps volume + 2 × spot volume.
| Tier | 14-day weighted volume | Taker | Maker |
|---|---|---|---|
| 0 | Under $5M | 0.045% | 0.015% |
| 1 | Over $5M | 0.040% | 0.012% |
| 2 | Over $25M | 0.035% | 0.008% |
| 3 | Over $100M | 0.030% | 0.004% |
| 4 | Over $500M | 0.028% | 0.000% |
| 5 | Over $2B | 0.026% | 0.000% |
| 6 | Over $7B | 0.024% | 0.000% |
Accounts that provide a large share of all maker volume earn a rebate instead of paying: −0.001% above 0.5% of 14-day maker volume, −0.002% above 1.5%, and −0.003% above 3%. Rebates are paid to the trading wallet on each fill.
| Staking tier | HYPE staked | Discount |
|---|---|---|
| Wood | Over 10 | 5% |
| Bronze | Over 100 | 10% |
| Silver | Over 1,000 | 15% |
| Gold | Over 10,000 | 20% |
| Platinum | Over 100,000 | 30% |
| Diamond | Over 500,000 | 40% |
The staking discount applies on top of your volume tier: at the base tier with Gold staking, taker drops from 0.045% to 0.036%. A referral code gives a further 4% off your first $25M of volume.
Spot trades have their own, higher schedule: 0.070% taker and 0.040% maker at the base tier, falling to 0.025% taker and 0% maker for the largest accounts. One fee tier covers everything you trade, perps and spot alike, so spot volume moves you down the perps table too.
WatchCrypto has no subscription, no ads, and does not sell your data. It is paid by a builder fee — a native Hyperliquid mechanism that attaches a fee to orders routed through a given interface.
Two things about it are worth stating plainly, because they are the two people get wrong:
Hyperliquid itself caps what any interface can charge: at most 0.1% on perps and 1% on spot. The approval must be signed by your main wallet, not a trading key, you can hold up to ten builder approvals at once, and you can revoke any of them at any time.
An actual fill routed through this terminal — 0.0276 BTC at 77,342, a notional of $2,134.64 — at today's rates:
| Component | Rate | Cost |
|---|---|---|
| Hyperliquid taker fee | 0.045% | $0.96 |
| WatchCrypto builder fee | 0.01% | $0.21 |
| Total | 0.055% | $1.17 |
The fill was made while our fee was still 0.1%: Hyperliquid reported fee: 3.095226, of which builderFee: 2.134639 was ours, so its own fee was the $0.96 above. At 0.01% the builder fee on the same trade is $0.21.
On Bulk, orders routed through WatchCrypto carry a 0.01% builder code, approved with the same single signature that authorises trading. Bulk's own trading fees are set by Bulk and can change, so check their documentation rather than taking a number from us.
To price your own trade, fees, funding and liquidation included, use the Hyperliquid calculator. To see what funding actually came to over a month, read the Hyperliquid funding report for September 2026.
At the base tier Hyperliquid charges 0.045% to take liquidity and 0.015% to make it. Six volume tiers above the base rate reduce those rates as your 14-day volume grows, and referral and HYPE-staking discounts apply separately.
A native Hyperliquid mechanism that attaches a fee to orders routed through a given interface. WatchCrypto’s is 0.01%. You approve it on-chain with your own wallet before your first order, and it is a cap rather than a charge — nothing is taken unless you trade.
No. It is charged on top. A taker pays 0.045% to Hyperliquid plus 0.01% to the builder, so 0.055% in total. It is not a revenue share.
On a $2,134.64 notional BTC trade: $0.96 to Hyperliquid and $0.21 as the builder fee, $1.17 in total.
No. Charts, order books, the trade tape, indicators and alerts are free and need no account. The builder fee on trades is the only revenue.
Use limit orders that rest in the book — maker is 0.015% against taker’s 0.045%. Higher 14-day volume moves you down Hyperliquid’s six tiers. And size deliberately: fees are charged on notional, so leverage multiplies them.
No. Trading on Hyperliquid is gas-free. You only pay network gas on the chain you deposit from or withdraw to.
0.070% taker and 0.040% maker at the base tier, falling to 0.025% taker and 0% maker for the largest accounts.
Three ways: trade more (seven volume tiers on 14-day volume), stake HYPE (5% off above 10 HYPE, up to 40% above 500,000), or use a referral code (4% off your first $25M of volume).
Hyperliquid caps builder fees at 0.1% on perps and 1% on spot. You approve a maximum per interface with your main wallet and can revoke it at any time.
Rates from Hyperliquid's fee documentation, checked 23 September 2026. Hyperliquid can change them; your own effective rate is shown in your account.