Hyperliquid: Perp DEX Profile, Fees and Markets | DexPal

Hyperliquid

3/$10k

Trade

Hyperliquid

Supported DEX

Fully on-chain L1 with perpetual & spot order books, 200k orders/sec, one-block finality, no gas on trades.

Website Docs

Discord

Credits

per $10k volume

Volume 24h: $2.9B▼17.30%
Open Interest: $13.0B
Fees 24h: $2.4M
Pairs: 178
Max Leverage: 40x

Asset Categories

Crypto
Meme Coins
Indexes

Deposit Networks

Hyperliquid L1

Accepted Collateral

BTC

HYPE

USDC

USDT

Protocol Info

Launch Date

Nov 7, 2023

Raised

$0.0

Open Source

Partially

Last Audit

Nov 27, 2023

Supported Wallets

MetaMask

OKX Wallet

Rabby

WalletConnect

Supported Languages

English

Restricted Regions

No Restrictions

Trading and orders

Markets, leverage and the controls available before you enter a position.

Order Matching Model: On-chain Clob
Margin Modes: Portfolio Margin
Supported Order Types: Limit Orders, Market Orders, Post-Only, Stop Orders, Tp-Sl, Market Order, Limit Order, Stop Loss, Take Profit, TWAP, Scale Orders, Reduce Only, Post Only, IOC, OCO
Position Hedge Mode + Isolation Level: Yes
Subaccount Support: Yes

Costs and funding

Trading charges, discounts and the cost of keeping a position open.

Trading fee model: Maker/Taker
Maker Fee (Base): 0.000%
Taker Fee (Base): 0.045%
Funding Rate Interval: Hourly
Liquidation Fee / Penalty: 0.1000%
Fee Discount Mechanism: Referral, Token Staking, Volume Tiers

More about costs and funding

Variable Pair-Fee Schedule: Yes
Funding Rate Calculation: Dynamic
Funding Rate Cap: 0.0400%
Gas Fees — Order Management: Orders are managed off-chain on a high-speed L1 engine with on-chain settlement resulting in zero gas for order management.
Fee Inclusion Notes: A dynamic 'ADL' (Auto-Deleveraging) and insurance fund take small portions from liquidations to maintain solvency.
Zero-Fee Promotion: No

Collateral and exits

What you can deposit, where funds are held and how you get them back.

Account Model: Wallet-Based
Withdrawal Settlement Time Median: 1-10 Min
Yield on Idle Collateral / Equity: Lending Protocol Integration

Security and risk

Audits, liquidation rules and who can change the system.

Most Recent Audit Date: Nov 27, 2023
Oracle Provider(s): Proprietary Oracle, Cex Apis
Open Source Code: Partially

Token and rewards

Token utility, points and referral programmes available to traders.

Has Points Program: Yes
Points System Name: Hyperliquid Points
Points Earning Mechanism: Trading activity (perps and spot volume). Leagues: Wood→Bronze→Silver→Gold→Platinum→Diamond by rank. Points visible on /points page.
Rewards Programs: Airdrop Program, Referrals, Trading Rewards, Liquidity Mining, Loyalty Program, Competitions
Token Use Cases: HYPE is the native utility token for gas on the L1 governance voting and staking to earn protocol-wide yield.

Access and experience

Regional restrictions, wallet requirements and ways to use the venue.

Mobile App: Mobile Optimized, Browser App
Gas Abstraction: Fully Sponsored Gasless
Trading surfaces and pre-trade views: Web App

Trading pairs

Fee tiers

Fee Model

Maker/Taker

Fee Discounts

Referral,token Staking,volume Tiers

Zero Fee Trading

Variable Pair Fees

Yes

Weighted Vol Days

Withdrawal Fee

Withdrawal Delay

1-10 Min

Funding Interval

Hourly

Funding Mechanism

Dynamic

Stake & Volume-Based Fee Tiers

Tier	14d Volume	Staked HYPE	Maker Fee	Taker Fee	Discount
1	<$5m	10+	0.0400%	0.0700%	5%
2	>$5m	100+	0.0300%	0.0600%	10%
3	>$25m	1,000+	0.0200%	0.0500%	15%
4	>$100m	10,000+	0.0100%	0.0400%	20%
5	>$500m	100,000+	0.0000%	0.0350%	30%
6	>$2b	500,000+	0.0000%	0.0300%	40%
7	>$7b	-	0.0000%	0.0250%	-