Hyperliquid referral code: AWD (app.hyperliquid.xyz/join/AWD) takes 4% off your fees for your first $25 million of volume. This page covers the other ways Hyperliquid fees go down, and how they combine. Checked 8 October 2026 against the Hyperliquid fee docs.
The three ways to lower Hyperliquid fees
Referral code AWD: 4% off, first $25M of volume.
Volume tiers: based on your 14-day weighted volume. Spot volume counts double.
HYPE staking: 5% to 40% off, depending on how much HYPE you stake.
Fee tiers
Tier | Perps taker | Perps maker | Spot taker | Spot maker |
Tier 0 (base) | 0.045% | 0.015% | 0.070% | 0.040% |
Tier 6 (over $7B 14-day volume) | 0.024% | 0% | 0.025% | 0% |
Tiers 1 to 5 sit in between. Markets quoted in aligned quote assets get 20% lower taker fees and 50% better maker rebates.
HYPE staking discounts
Level | HYPE staked | Fee discount |
Wood | over 10 | 5% |
Bronze | over 100 | 10% |
Silver | over 1,000 | 15% |
Gold | over 10,000 | 20% |
Platinum | over 100,000 | 30% |
Diamond | over 500,000 | 40% |
Staked HYPE moves with the token price, so this discount comes with market exposure.
Worked example
Tier 0, Bronze staking (10% off) and code AWD (4% off). The 0.045% taker fee falls to about 0.0405% after staking and about 0.039% after the referral discount. On $1,000,000 of monthly taker volume, that is roughly $390 instead of $450. This is an illustration; your trade history shows the exact fee.
Deposit rules
Wallet accounts: USDC on Arbitrum only. Deposits below 5 USDC are lost.
Email accounts: USDC on Arbitrum, Base, Ethereum or Polygon, minimum 1 USDC.
Send a small test deposit first if you are unsure of the network.
After $25 million
The AWD discount stops after your first $25 million of volume. Volume tiers and HYPE staking keep working.
Referral codes vs builder codes
A referral code lowers your fee. A builder code is a fee that an app adds when it sends your orders to Hyperliquid. If you trade through a third-party app, check its builder fee.
Disclosure: this page contains referral links. We earn part of the fees you pay when you join with code AWD. Perpetual futures use leverage. Hyperliquid's terms bar persons in the US, Ontario and sanctioned jurisdictions. Not financial advice.