> For the complete documentation index, see [llms.txt](https://docs.hyperlink.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hyperlink.xyz/trade/fees.md).

# Fees

HyperLink trading, deposit, and withdrawal fees, including volume waivers and referral cashback.

Trading through HyperLink may include a Hyperliquid trading fee, a HyperLink fee, and an optional application builder fee. HyperLink does not add a spread.

## Hyperliquid trading fees

HyperLink pools trading volume and staking discounts to lower your Hyperliquid fees.

Example base rates at Hyperliquid tier 3 (over $100M in pooled 14d weighted volume) with a 30% staking discount:

| Market      |     Maker |    Taker | Savings (maker / taker) |
| ----------- | --------: | -------: | ----------------------: |
| Spot        |   0.7 bps |  2.8 bps |           3.3 / 4.2 bps |
| Perp        |  0.28 bps |  2.1 bps |          1.22 / 2.4 bps |
| HIP-3 perp  |  0.56 bps |  4.2 bps |          2.44 / 4.8 bps |
| Growth mode | 0.028 bps | 0.21 bps |        0.122 / 0.24 bps |
| Stable pair |  0.14 bps | 0.56 bps |         0.66 / 0.84 bps |

HIP-3 examples assume no aligned-quote discount:

* **HIP-3 perp:** growth mode off and deployer fee scale 1.
* **Growth mode:** HIP-3 perps with growth mode enabled and zero deployer fee. See [Growth mode and deployer fees](#growth-mode-and-deployer-fees).

Savings compare with Hyperliquid tier 0 for the same market, without staking or referral discounts. Rates and savings exclude HyperLink and application fees. Actual rates vary with pooled volume, staking, HIP-3 deployer fees, and aligned-quote discounts; see [Hyperliquid fees](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees).

### Growth mode and deployer fees

Growth mode applies a 90% fee reduction alongside the market's deployer fee. For taker fees without an aligned-quote discount, a deployer fee scale of 1 adds a fee equal to the protocol fee, so the combined fee is doubled before applying the growth-mode discount. The deployer receives 50% of the combined fee.

For example, trading `xyz:XYZ100` with growth mode enabled, a deployer fee scale of 1, and the 2.1 bps base taker rate above gives **2.1 × 2 × 0.1 = 0.42 bps (0.0042%)**. This splits into **0.21 bps (0.0021%)** each for Hyperliquid and the XYZ deployer.

Base rates and market settings can change. Growth-mode markets pay no additional HyperLink fee. See [Hyperliquid's deployer fee rules](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/hip-3-deployer-actions).

## HyperLink fee

HyperLink charges **0.5 bp (0.005%)**, or **$0.50 per $10,000 traded**, on fills from eligible orders.

| Order                                            | HyperLink fee |
| ------------------------------------------------ | ------------: |
| Perp, excluding growth mode and post-only        |        0.5 bp |
| Spot sell, excluding post-only                   |        0.5 bp |
| Growth-mode Perp, post-only (`Alo`), or spot buy |          None |

Growth-mode markets pay no HyperLink fee; Hyperliquid trading fees still apply. A maker fill is not automatically exempt: use post-only (`Alo`) to avoid the HyperLink fee.

Example Perp taker fee: **2.1 + 0.5 = 2.6 bps**, saving **1.9 bps** versus tier 0 (4.5 bps), before cashback or application fees.

Linking a referral code earns 10% cashback on eligible HyperLink fees, subject to the [Referral Program](/trade/referral-program.md) limits.

## Volume waiver

HyperLink trading and withdrawal fees are waived above **$1M in 14d weighted volume**. Hyperliquid and optional application fees still apply.

Regular perps count 1x and growth-mode perps count 0.1x. Spot counts 2x, except pairs between quote assets, which count 0.4x. These weights affect volume thresholds only; fees use actual trade amounts.

## Application builder fees

Applications may charge a separate per-order builder fee that you explicitly approve. See [Builder Codes](/api/builder-codes.md).

## Deposit and withdrawal fees

| Action     | Fee                                                                              |
| ---------- | -------------------------------------------------------------------------------- |
| Deposit    | None                                                                             |
| Withdrawal | 5 bps (0.05%), capped at $1; waived above the [volume threshold](#volume-waiver) |

Deposits and withdrawals are gasless. Minimum deposit or withdrawal is $1.


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