Hyperliquid Academy Independent · Unofficial
Calculator

What are you actually paying in fees?

Enter your own numbers. The calculator applies the volume tier, then the staking discount, then the referral discount, in that order, because that is how they compound. Fee schedule verified 8 Sept 2026.

Notional traded per month, both sides.
30% maker, 70% taker
No staking tier
Effective rate blended across maker and taker
Cost per month on the volume you entered
Cost per year if that volume repeats
Fee tier from 14-day weighted volume
Saved by referral per year, at this volume
Saved by staking per year, at this tier

The fourteen-day figure that sets your tier is estimated as your monthly volume divided by roughly two. Spot volume counts double toward it, which the calculator applies when you choose spot.

The tier table this uses

Perpetuals fee tiers, set by your 14-day weighted volume. Verified 8 Sept 2026 against the Hyperliquid fee documentation.
Tier 14-day volume Taker Maker Taker with referral
0 Under $5M 0.045% 0.015% 0.0432%
1 Over $5M 0.04% 0.012% 0.0384%
2 Over $25M 0.035% 0.008% 0.0336%
3 Over $100M 0.03% 0.004% 0.0288%
4 Over $500M 0.028% 0% 0.0269%
5 Over $2B 0.026% 0% 0.025%
6 Over $7B 0.024% 0% 0.023%

Questions

How are the discounts combined?
They multiply rather than add. The volume tier sets the base rate, the staking discount is applied to that, and the referral discount is applied to the result.
Does this include funding?
No. Funding is a payment between traders rather than a fee, and it depends on which side of the market you are on. Use the funding cost calculator for that.
Where do the rates come from?
From one data file mirroring the published fee schedule, which is also what generates the tables elsewhere on this site. Nothing here is typed by hand into the page.

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