Fees & Builder Fees
When you trade perps in HyperSwap Terminal, your total cost can include two layers:
Fees & Builder Fees
When you trade perps in HyperSwap Terminal, your total cost can include two layers:
- Hyperliquid protocol fees
- Builder fees (enabled via HIP-3 / builder codes) 0.2% Spot, 0.02% perps
1) Hyperliquid protocol fees
Hyperliquid uses a maker / taker fee model, and your rate depends on your rolling 14-day volume. All sub-accounts share the same fee tier, and perps + spot volume are combined to determine your tier (spot volume counts double toward tier calculation).
HyperSwap Terminal will display an estimated fee breakdown before you confirm an order:
- Taker fee (if you remove liquidity / execute immediately)
- Maker fee / rebate (if you add liquidity; rebates are paid out continuously per trade)
2) Builder Fees (builder codes)
Builder codes allow an app/builder (like HyperSwap Terminal) to receive a fee on fills routed through their interface. They are:
- Set per-order
- Capped
- Fully on-chain as part of Hyperliquid’s fee logic
Key rules:
- Users must approve a maximum builder fee per builder address, and can revoke anytime.
- Approval must be signed by the main wallet (not an agent/API wallet).
- Builder fees apply to both sides of perp trades, and are at 0.02% on perps and 0.2% on spot.
HIP-3 note (deployer fee share)
For HIP-3 perp markets, Hyperliquid can also include a deployer fee share (configured by the HIP-3 deployer). In “growth mode”, protocol fees and related contributions can be reduced, and deployers can configure an additional share within defined bounds.
What you’ll see in the Terminal
Before submitting any perp order, HyperSwap Terminal surfaces:
- Protocol fee estimate (maker/taker based on the action)
- Builder fee
- A clear total cost preview so you can confirm with full transparency