Hyperliquid DEX profile
Editorial record: August 11, 2026
Type
order-book
Swap Fee
0.045%
Trading Pairs
150+
Source status
Sources linked
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: August 11, 2026
Our MethodologyOverview
Hyperliquid is an order-book exchange for perpetual and spot markets on its own Layer 1. This review is based on the protocol documentation and public product information; it does not claim first-hand execution or slippage tests.
Verified fee schedule
Hyperliquid publishes separate base schedules for perpetual and spot trading. The official perpetual schedule lists 0.045% taker and 0.015% maker before tiers or discounts. The spot schedule lists 0.070% taker and 0.040% maker before tiers or discounts. Trading actions do not add a gas fee, although bridging and the source or destination network can still create costs.
Base fees on a $10,000 perpetual order are $4.50 for taker execution and $1.50 for maker execution, before discounts. Funding payments, liquidation risk and market impact are separate from trading fees.
Current leverage limits
Hyperliquid does not publish one maximum for every perpetual market. Maximum leverage varies by market and can fall at higher position sizes under a margin table. The official Info API documents the current `maxLeverage` and margin-table fields for each market. Check the current metadata and order form before opening a position.
Product and risk context
The platform offers an order book, perpetual markets, spot markets, vaults and HyperEVM integrations. Available markets, leverage and liquidity can change, so the live interface should be checked before a trade. Perpetual contracts can produce rapid losses, particularly when leverage is used.
Hyperliquid also carries protocol and governance risk. Its validator response to the March 2025 JELLY market event remains relevant when evaluating decentralization and intervention risk. Users should review current documentation, position limits, bridge mechanics and liquidation rules rather than relying on historical volume or liquidity figures.
Editorial conclusion
Hyperliquid costs require the current product-specific schedule instead of the outdated blanket 0.025% claim. This recovery page does not publish a product score or claim that public documentation substitutes for a live execution test.
Hyperliquid
Public sourcesProfile summary
Order-book perpetual and spot markets on Hyperliquid L1, reviewed through public protocol documentation.
Fees & Costs
| Swap Fee | Perps: 0.045% taker / 0.015% maker; spot: 0.070% taker / 0.040% maker |
| Gas Estimate | No gas fee for trading; bridge and network costs can still apply |
Fee source: official fee information (source date: 2026-08-11)
Security & Audits
| Audits | Zellic, Informal Systems |
| Open Source | ✗ No |
| Bug Bounty | ✓ $2,000,000 |
Features
Supported Chains
| Limit Orders | ✓ Yes |
| Perpetuals | ✓ Yes |
| Cross-Chain | ✗ No |
| Lending | ✗ No |
| Farming | ✗ No |
| Staking | ✓ Yes |
Pros & Cons of Hyperliquid
Pros of Hyperliquid
- ✓The official schedule lists base perpetual fees of 0.045% taker and 0.015% maker.
- ✓Trading actions do not add a separate gas fee inside Hyperliquid L1.
- ✓The platform provides spot markets, perpetual markets, vaults, and HyperEVM integrations.
Cons of Hyperliquid
- ✗Public documentation does not provide the same code-level transparency as a fully open-source protocol.
- ✗Deposits can require a bridge, which adds network, contract, and transfer risk.
- ✗Leverage limits and margin requirements vary by market and position size.
The official schedule lists 0.045% taker and 0.015% maker for perpetuals. It lists 0.070% taker and 0.040% maker for spot. Tiers and discounts can change the final rate.
Maximum leverage varies by market and position size. Check the current market metadata, margin table, order form, and liquidation rules before opening a position.
Trading actions do not add a separate gas fee inside Hyperliquid L1. Bridging and source-network transactions can still create costs.
Review leverage, liquidation, funding, market impact, bridge, protocol, and validator risks. The live order form and official documentation provide the relevant current terms.
Open Hyperliquid provider page
Hyperliquid offer details
Check current terms, eligibility, and availability before you use an offer.
Hyperliquid alternatives
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When to skip Hyperliquid
Skip Hyperliquid if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Security
External links open in a new tab. We are not responsible for third-party content.
Public sources
- Official Hyperliquid fee schedule
Checked 2026-08-11
- Official Hyperliquid perpetual market metadata
Checked 2026-08-11
- Official Hyperliquid liquidation documentation
Checked 2026-08-11
Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
