Glossary

Spot trading

Buying and holding the asset itself rather than a contract on its price. Spot fees are higher than perpetual fees, but spot volume counts double toward your fee tier.

Checked against the Hyperliquid documentation 8 Sept 2026 · how we check

Related terms

Fee tier The band your trading fees fall into, set by your rolling fourteen-day weighted volume. Spot volume counts double toward it.
HIP-1 Hyperliquid's native token standard, which defines how spot tokens are created and listed on the exchange through a ticker auction.

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