Hyperliquid fees & measured trading cost
Hyperliquid runs a live on-chain book across spot and futures, so its advertised fee is only the opening bid — spread and depth decide the real price of a fill. FeeFloor measures Hyperliquid's spot and futures markets on BTC, ETH, SOL and XRP, currently $43.99 all-in for $100K BTC futures, ranked against every venue we track. We count only what a market order pays to execute — funding, withdrawals and gas are measured separately.
- Markets measured
- spot and futures
- Assets
- BTC, ETH, SOL and XRP
- Pricing
- on-chain order book
Live verdict · $100K BTC futures · taker
Measured 04:38 UTC · updates every minute
Rank
of 49 venues
Measured cost
fee + spread + slippage
On a $100K trade
what you actually pay
Vs the floor
Lighter sets it at 0.42 bps
Trade on Hyperliquid with 4% lower fees
Code applied automatically · about $1.80 back per $100K trade · no extra cost
Trade on HyperliquidWhere the cost comes fromat $100K
Fee
4.32 bps4.50 bps
$43.20 on a $100K trade
The published taker fee, after the 4% referral discount our link applies.
Spread
0.08 bps
$0.79 on a $100K trade
Half the gap between best bid and ask. You pay it the instant your market order fills.
Slippage
0.00 bps
$0.00 on a $100K trade
Rounds to zero at this size — the order book is deep enough that your fill barely moves the price.
What our measurements show
Hyperliquid's rank moves with trade size: #17 of 49 at $100K, but #27 at $10M. Fees are flat — depth is not.
At $100K, Hyperliquid executes 8% cheaper than the median venue we track (4.40 bps vs 4.81 bps).
The cost here is fee-dominated: 4.32 bps of the 4.40 bps total at $100K is the venue's own fee, over a book tight enough that spread and slippage barely register.
At $10M the book genuinely runs out — the venue can't fill that size within 2% of mid, so treat it as a smaller-order venue.
Spot execution at $100K runs 7.69 bps all-in (#4 of 21 spot venues) — more expensive than the same trade on its futures book right now.
Patient traders do better here: resting maker orders pay 1.50 bps in fees against the 4.50 bps taker rate — $30.00 back on every $100K filled passively.
Signing up through our link takes 4% off the fee component — the discount is applied in every number above, and the struck-through figures show list price.
Cost by trade size
Fees are flat, but spread and slippage scale with size — so a venue that wins at $10K can be mid-pack at $10M. BTC futures, taker.
| Size | Total cost | In dollars | Vs the floor | |
|---|---|---|---|---|
| $10K | 20 | 4.40 bps | $4.40 | +$4.01 vs Lighter |
| $100K | 17 | 4.40 bps | $43.99 | +$39.80 vs Lighter |
| $1M | 19 | 5.54 bps | $553.96 | +$395.26 vs Lighter |
| $10M | 27 | 6.72 bps | $6.7K | depth-limited |
Spot market
$100K BTC spot · taker
Rank
of 21 spot venues
Measured cost
fee + spread + slippage
On a $100K trade
what you actually pay
Vs the spot floor
Toobit sets it at 0.00 bps
Cheaper right now$100K BTC futures
Hyperliquid: quick answers
What does a $100K BTC trade actually cost on Hyperliquid?
As of 3 August 2026, a $100K BTC futures market order on Hyperliquid costs $43.99 all-in (4.40 bps): 4.32 bps fee, 0.08 bps spread and 0.00 bps slippage. That ranks #17 of 49 venues we measure.
Is Hyperliquid better for small or large orders?
Right now, small orders: Hyperliquid ranks #20 at $10K and #27 at $10M. Fees are flat percentages, but slippage grows with size, so the answer shifts with the venue's live order-book depth.
Does Hyperliquid have hidden costs beyond the trading fee?
Yes — every order-book venue does. On top of the 4.50 bps list fee you pay the live spread (0.08 bps right now) and slippage that grows with order size (0.00 bps at $100K). Neither appears on the fee page, which is exactly why we measure them.
How do I get the 4% fee discount on Hyperliquid?
Sign up through the referral link on this page — it carries a live code that cuts the fee component by 4%. The discount never touches spread or slippage (those are paid to the market), and the toggle on our front page shows undiscounted list prices for comparison.
Ready to trade on Hyperliquid?
Our link cuts the fee 4% — about $1.80 back on every $100K trade, applied automatically.
Affiliate link · rankings can’t be bought
How FeeFloor measures Hyperliquid
FeeFloor measures Hyperliquid on its spot and futures markets for BTC, ETH, SOL and XRP, pricing from the live order book.
The fee component is Hyperliquid’s published standard-tier (VIP0) taker rate; spread and slippage are walked live from its order book at four trade sizes. FeeFloor measures execution cost only — funding, withdrawals, fiat conversion and borrowing are not included.
Regulatory assessment is outside FeeFloor’s scope: we measure execution cost, not whether Hyperliquidis legally available to a given user. Legal-entity and regulatory data are not independently verified by us — see Sources & verification below.
Sources & verification
- Fee schedule (official)
- hyperliquid.gitbook.io · link checked 16 Jul 2026
- Terms / legal (official)
- hyperliquid.gitbook.io · link checked 16 Jul 2026
- Regulatory data
- Not independently verified by FeeFloorFeeFloor measures execution costs and does not determine whether a venue is legally available to a particular user.
- Fee data basis
- Published standard-tier taker rate + live order book · methodology
- FeeFloor market data updated
- 3 Aug 2026, 04:38 UTC
- Source URLs last checked
- 16 Jul 2026 · legal fields pending review
- Spot an error?
- Report a correction
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