Hyperliquid charges a base perp taker fee of 0.0450% and a base perp maker fee of 0.0150% — already lower than most centralized perp venues, and the schedule drops further with volume. This guide walks through every fee Hyperliquid charges, where the numbers come from, how funding works on perps, and what a real $10,000 position actually costs versus dYdX, GMX, and Binance.

Hyperliquid's base fee schedule (HIP-3 updated, applied at the protocol level) is 0.0450% taker and 0.0150% maker on perpetuals, and 0.0700% taker / 0.0400% maker on spot. There are no deposit fees, no platform-side withdrawal fees on the native USDC bridge, and no gas on HyperCore — the L1 order book runs gas-free.

Compared to a centralized exchange, the base maker fee is roughly a third of Binance's retail perp tier and an order of magnitude tighter than most onchain perp DEXs. The trade-off is that fees do not pay back to LPs the way GMX's GLP model does — Hyperliquid's fees flow into the Assistance Fund and HLP vault.

A maker order rests on the book and adds liquidity. A taker order crosses the spread and removes it. On Hyperliquid, a maker fill costs 0.0150% and a taker fill costs 0.0450% on perps — so on a $10,000 notional position, a maker entry costs $1.50 and a taker entry costs $4.50. Round-trip (open + close) at taker rates: $9.00. Round-trip at maker rates: $3.00.

The practical rule: if you can wait on a limit order at your price, do. The savings compound across hundreds of trades, and Hyperliquid's order book is deep enough on majors (BTC, ETH, SOL, HYPE) that resting orders fill within minutes during normal volatility.

Hyperliquid uses a 14-day rolling volume tier. The published schedule (hyperliquid.gitbook.io/hyperliquid-docs/trading/fees) discounts both sides as volume climbs. Approximate tier breakpoints:

Top makers earn additional rebates through the maker rebate program, which can flip net maker fees negative for liquidity providers running quoting bots. Always pull the current table from the docs before sizing assumptions — Hyperliquid has revised the schedule three times since launch.

Funding is the periodic payment between longs and shorts that keeps the perpetual price tethered to the spot index. On Hyperliquid, funding settles every hour (not every 8 hours like Binance), uses a premium-and-interest formula, and is paid peer-to-peer — Hyperliquid takes no cut of the funding flow.

If the perp trades above the index, longs pay shorts. If it trades below, shorts pay longs. The hourly cadence means funding rates on Hyperliquid are typically quoted as small numbers (e.g. 0.0011% per hour ≈ 0.0264% per day ≈ 9.6% APR) versus Binance's 0.01% per 8h convention. Same economics, different display.

Funding is a position-holding cost, not a trade cost — you only pay it if you hold across the hourly snapshot. Day traders who flatten before the top of the hour avoid funding entirely.

Hyperliquid charges a flat $1 USDC withdrawal fee on the native Arbitrum bridge for amounts under the validator-set threshold. The bridge takes 4–6 minutes for finalization. There is no Hyperliquid-side fee on deposits.

If you need to move funds between Hyperliquid and a chain other than Arbitrum, you'll pay the source chain's gas plus any third-party bridge fee. Eco Routes can quote a single-transaction USDC route from Base, Optimism, Polygon, or any of 15 supported chains directly into your Hyperliquid balance — see how to deposit to Hyperliquid from any chain for the full walk-through.

Hyperliquid runs two execution environments. HyperCore is the gas-free order book — placing, modifying, and canceling orders costs nothing. HyperEVM is the EVM-compatible chain that launched in 2025 and runs at HYPE-denominated gas, currently averaging well under a cent per simple transfer based on HyperEVM block explorer data.

For pure trading, you'll never touch HyperEVM gas. For DeFi activity (lending, LP positions, contract interactions), HyperEVM gas applies, paid in HYPE. Most onchain perp DEXs charge gas on every order placement and cancellation, which kills high-frequency strategies. Hyperliquid's gas-free order book is one of the structural reasons quoting bots quote tight spreads on HYPE-USD and BTC-USD — the marginal cost of canceling and replacing a stale quote is zero, so makers can update aggressively without bleeding fees on rejected fills.

Across major perp venues, Hyperliquid sits at the cheap end for makers and roughly at parity with Binance for takers — but with no KYC and onchain settlement. Numbers below are pulled from each venue's published fee page as of 2026.

The cleanest apples-to-apples is dYdX v4: same hourly funding, same orderbook model, no KYC. Hyperliquid undercuts on both sides of the book. Against Binance, Hyperliquid's taker is 12.5% higher but the maker is 25% lower — and Binance's 8-hour funding can produce nastier mark-to-market swings than Hyperliquid's hourly settlement. GMX uses a fundamentally different model: there's no maker/taker, you pay a flat open/close fee plus continuous borrow, which is cheaper for very short holds and more expensive for swing positions.

Assume a $10,000 BTC perp long held for 24 hours, opened with a market order, closed with a limit. Funding average 0.0011%/hour (long pays).

The same trade on dYdX v4: $5.00 + $2.00 + $2.64 = $9.64. On Binance retail: $4.00 + $2.00 + funding (variable, often higher) ≈ $9–11 depending on the 8-hour snapshot. Hyperliquid wins on this profile by roughly 10–20% per round-trip, and the savings widen as you climb the volume tiers. Scale that to a trader running ten round-trips per day and the fee delta becomes meaningful: about $10 per day, $300 per month, $3,600 per year on a $10K position size — before you account for the maker rebate program, which can flip net costs negative for serious quoters.

Fee schedules pulled from each venue's official documentation: Hyperliquid (hyperliquid.gitbook.io/hyperliquid-docs/trading/fees), dYdX (docs.dydx.exchange), GMX (docs.gmx.io), and Binance (binance.com/en/fee/futureFee). Funding cadence and formula confirmed against Hyperliquid's whitepaper and live API. Withdrawal fee verified against the validator-set parameter on the native Arbitrum bridge. Numbers reflect the 2026 schedules and are revised whenever the docs update — always cross-check before sizing trades.