Compare HYPE perpetual trading fees

HYPE — the token native to Hyperliquid — trades as a perpetual on a growing set of venues, and their all-in cost diverges more than a younger asset’s fee pages suggest, because depth is thinner and less evenly arbitraged than on BTC or ETH. That makes the spread you cross and the slippage your order walks the deciding factors, not the headline fee. FeeFloor measures the fee, half-spread and live order-book slippage for a $100,000 HYPE perpetual order and ranks every venue by the total. These are crypto perpetual swaps, not a dated or settled contract.

As of 18 July 2026, the cheapest crypto exchange for a $100K HYPE futures trade is Reya at $40.00 all-in.· measured 07:41 UTC

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30d volume · VIP tiersStandard tier

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Cheapest measured venue for this buy: Reya at $40.00 on a $100K HYPE futures order.

Pricing mode: FeeFloor signup discounts includedDiscounts apply to the fee only — spread and slippage are paid to the market. Our research reports rank on standard published fees.

44 venues ranked for a $100K HYPE futures buy order (taker), with referral discounts applied. Cheapest is Reya at $40.00.
Rank	Exchange	Type					Action
1	Reya Reya Points Fee 4.00Spread 0.00Slip 0.00	DEX	4.00$40.00	0.00$0.00	0.00$0.00	$40.004.00 bps	Trade
2	edgeX −10% · saves $3.80 Fee 3.42Spread 0.42Slip 0.40	DEX	3.803.42$34.20	0.42$4.20	0.40$4.00	$42.404.24 bpssaves $3.80	Trade
3	Lighter referral code Fee 0.00Spread 0.91Slip 3.46	DEX	0.00$0.00	0.91$9.10	3.46$34.60	$43.704.37 bps	Trade
4	MEXC −10% · saves $2.00 Fee 1.80Spread 0.08Slip 2.62	CEX	2.001.80$18.00	0.08$0.80	2.62$26.20	$45.004.50 bpssaves $2.00	Trade
5	GRVT GRVT Rewards Fee 4.50Spread 0.08Slip 0.26	DEX	4.50$45.00	0.08$0.80	0.26$2.60	$48.404.84 bps	Trade
6	Ostium Ostium Points Fee 5.00Spread 0.00Slip 0.00	DEX	5.00$50.00	0.00$0.00	0.00$0.00	$50.005.00 bps	Trade
7	Gains Fee 5.00Spread 0.00Slip 0.00	DEX	5.00$50.00	0.00$0.00	0.00$0.00	$50.005.00 bps	Trade
8	Avantis −15% · saves $9.00 Fee 5.10Spread 0.00Slip 0.00	DEX	6.005.10$51.00	0.00$0.00	0.00$0.00	$51.005.10 bpssaves $9.00	Trade
9	GMX −10% · saves $6.00 Fee 5.40Spread 0.00Slip 0.00	DEX	6.005.40$54.00	0.00$0.00	0.00$0.00	$54.005.40 bpssaves $6.00	Trade
10	Extended Extended Points Fee 2.50Spread 0.09Slip 3.04	DEX	2.50$25.00	0.09$0.90	3.04$30.40	$56.305.63 bps	Trade
11	StandX StandX Points Fee 4.00Spread 1.52Slip 0.27	DEX	4.00$40.00	1.52$15.20	0.27$2.70	$57.905.79 bps	Trade
12	Toobit Fee 6.00Spread 0.08Slip 0.00	CEX	6.00$60.00	0.08$0.80	0.00$0.00	$60.806.08 bps	Trade
13	NADO Nado Points Fee 3.50Spread 0.09Slip 2.83	DEX	3.50$35.00	0.09$0.90	2.83$28.30	$64.206.42 bps	Trade
14	Hyperliquid −4% · saves $1.80 Fee 4.32Spread 0.08Slip 2.19	DEX	4.504.32$43.20	0.08$0.80	2.19$21.90	$65.906.59 bpssaves $1.80	Trade
15	KuCoin −20% · saves $12.00 Fee 4.80Spread 0.42Slip 1.49	CEX	6.004.80$48.00	0.42$4.20	1.49$14.90	$67.106.71 bpssaves $12.00	Trade
16	BloFin Fee 6.00Spread 0.08Slip 0.96	CEX	6.00$60.00	0.08$0.80	0.96$9.60	$70.407.04 bps	Trade
17	Binance −20% · saves $10.00 Fee 4.00Spread 0.09Slip 3.11	CEX	5.004.00$40.00	0.09$0.90	3.11$31.10	$72.007.20 bpssaves $10.00	Trade
18	Aster −10% · saves $4.00 Fee 3.60Spread 1.18Slip 2.54	DEX	4.003.60$36.00	1.18$11.80	2.54$25.40	$73.207.32 bpssaves $4.00	Trade
19	Bitunix −20% · saves $12.00 Fee 4.80Spread 0.09Slip 2.76	CEX	6.004.80$48.00	0.09$0.90	2.76$27.60	$76.507.65 bpssaves $12.00	Trade
20	Bitget −20% · saves $12.00 Fee 4.80Spread 0.08Slip 2.79	CEX	6.004.80$48.00	0.08$0.80	2.79$27.90	$76.707.67 bpssaves $12.00	Trade
21	OKXRecommended −20% · saves $10.00 Fee 4.00Spread 0.08Slip 3.85	CEX	5.004.00$40.00	0.08$0.80	3.85$38.50	$79.307.93 bpssaves $10.00	Trade
22	BingX −20% · saves $10.00 Fee 4.00Spread 1.85Slip 2.46	CEX	5.004.00$40.00	1.85$18.50	2.46$24.60	$83.108.31 bpssaves $10.00	Trade
23	BybitRecommended −20% · saves $11.00 Fee 4.40Spread 0.08Slip 3.97	CEX	5.504.40$44.00	0.08$0.80	3.97$39.70	$84.508.45 bpssaves $11.00	Trade
24	KrakenRecommended −10% · saves $5.00 Fee 4.50Spread 1.69Slip 3.15	CEX	5.004.50$45.00	1.69$16.90	3.15$31.50	$93.409.34 bpssaves $5.00	Trade
25	Bitmart −20% · saves $12.00 Fee 4.80Spread 0.17Slip 4.53	CEX	6.004.80$48.00	0.17$1.70	4.53$45.30	$95.009.50 bpssaves $12.00	Trade
26	XT.COM Fee 6.00Spread 0.51Slip 3.01	CEX	6.00$60.00	0.51$5.10	3.01$30.10	$95.209.52 bps	Trade
27	Coinbase referral code Fee 3.00Spread 2.53Slip 4.46	CEX	3.00$30.00	2.53$25.30	4.46$44.60	$99.909.99 bps	Trade
28	RISEx Fee 3.00Spread 0.17Slip 8.46	DEX	3.00$30.00	0.17$1.70	8.46$84.60	$116.3011.63 bps	Trade
29	HTX −10% · saves $6.00 Fee 5.40Spread 2.86Slip 5.01	CEX	6.005.40$54.00	2.86$28.60	5.01$50.10	$132.7013.27 bpssaves $6.00	Trade
30	Gate.io −20% · saves $10.00 Fee 4.00Spread 0.08Slip 9.27	CEX	5.004.00$40.00	0.08$0.80	9.27$92.70	$133.5013.35 bpssaves $10.00	Trade
31	Aevo Fee 8.00Spread 3.09Slip 3.51	DEX	8.00$80.00	3.09$30.90	3.51$35.10	$146.0014.60 bps	Trade
32	Apex Omni −20% · saves $10.00 + Ape Points Fee 4.00Spread 2.11Slip 8.50	DEX	5.004.00$40.00	2.11$21.10	8.50$85.00	$146.1014.61 bpssaves $10.00	Trade
33	Ethereal Ethereal Points Fee 3.00Spread 0.09Slip 14.31	DEX	3.00$30.00	0.09$0.90	14.31$143.10	$174.0017.40 bps	Trade
34	Hibachi Hibachi Points Fee 4.50Spread 2.53Slip 13.87	DEX	4.50$45.00	2.53$25.30	13.87$138.70	$209.0020.90 bps	Trade
35	WhiteBIT −10% · saves $5.50 Fee 4.95Spread 8.09Slip 19.65	CEX	5.504.95$49.50	8.09$80.90	19.65$196.50	$326.9032.69 bpssaves $5.50	Trade
36	Orderly Fee 2.50Spread 7.07Slip 24.44	DEX	2.50$25.00	7.07$70.70	24.44$244.40	$340.1034.01 bps	Trade
37	dYdX Trading Rewards Fee 5.00Spread 25.53Slip 12.38	DEX	5.00$50.00	25.53$255.30	12.38$123.80	$429.1042.91 bps	Trade
—	Pacificadepth-limited Pacifica Points Fee 2.00Spread 0.08Slip 1.45	DEX	2.00$20.00	0.08$0.80	1.45$14.50	$35.303.53 bps	Trade
—	Hotstuffdepth-limited Hotstuff Points Fee 2.50Spread 5.23Slip 4.71	DEX	2.50$25.00	5.23$52.30	4.71$47.10	$124.4012.44 bps	Trade
—	Deribitdepth-limited Fee 5.00Spread 2.36Slip 8.54	CEX	5.00$50.00	2.36$23.60	8.54$85.40	$159.0015.90 bps	Trade
—	Phemexdepth-limited −10% · saves $6.00 Fee 5.40Spread 0.68Slip 21.03	CEX	6.005.40$54.00	0.68$6.80	21.03$210.30	$271.1027.11 bpssaves $6.00	Trade
—	Paradexdepth-limited Paradex XP Fee 0.00Spread 3.21Slip 31.00	DEX	0.00$0.00	3.21$32.10	31.00$310.00	$342.1034.21 bps	Trade
—	Crypto.comdepth-limited −10% · saves $6.00 Fee 5.40Spread 0.76Slip 29.88	CEX	6.005.40$54.00	0.76$7.60	29.88$298.80	$360.4036.04 bpssaves $6.00	Trade
—	SunXdepth-limited Fee 4.00Spread 19.16Slip 31.21	DEX	4.00$40.00	19.16$191.60	31.21$312.10	$543.7054.37 bps	Trade

Fee

Trading fee charged by the venue, after your referral discount.

Spread

Half the difference between best bid and ask at measurement time.

Slippage

Price impact of walking the live order book at your trade size.

Total cost

Fee + spread + slippage — the true execution cost, in basis points. 1 bps = 0.01%.

HYPE perpetual cost by venue

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Common questions

Where can I trade HYPE perpetuals?

HYPE is the token native to Hyperliquid, but its perpetual now lists on a growing set of venues beyond it. The table above shows every venue we measure that quotes a HYPE perpetual, ranked by all-in cost — so you can see which is cheapest rather than assuming the native venue always wins.

Why does HYPE cost more to trade than BTC on the same venue?

Newer, smaller-cap assets tend to have thinner, less evenly arbitraged books than BTC or ETH, so the spread you cross and the slippage your order walks are larger in basis points. The fee is often identical to the venue's BTC fee — the difference you pay is in spread and slippage, which is exactly what FeeFloor measures.

Is a HYPE perpetual the same as owning HYPE?

No. A perpetual is a derivative that tracks HYPE's price through a funding mechanism; you don't hold the token. This page measures the cost to open that perpetual position, not the cost of buying HYPE spot — switch the market control to compare where a spot HYPE market exists.

Does the ranking include funding on HYPE perps?

No. Funding is an ongoing payment between longs and shorts that changes over the life of a position, so it is a separate cost from the one-time execution cost this page measures. We rank the fee, spread and slippage of opening the position with a market order.

The full measurement method — including what we deliberately do not measure — is on the methodology page.