Fees
One fee, and you can see it.
A trade through Graphite pays Hyperliquid’s own fee for your tier, and a builder fee of 0.01% to Graphite, collected by Hyperliquid on the same fill. No subscription, no token, no spread. You approve the builder fee once, when you enable trading, and every figure the app shows has it inside.
What a fill costs
Hyperliquid’s perp tiers, by 14-day weighted volume, before any staking discount, with Graphite’s fee added. A resting limit order pays maker; a market order, and every triggered stop or target, pays taker.
| Tier | 14-day volume | Taker | Maker | Taker with Graphite | Maker with Graphite |
|---|---|---|---|---|---|
| Tier 0 | < $5M | 0.045% | 0.015% | 0.055% | 0.025% |
| Tier 1 | > $5M | 0.04% | 0.012% | 0.05% | 0.022% |
| Tier 2 | > $25M | 0.035% | 0.008% | 0.045% | 0.018% |
| Tier 3 | > $100M | 0.03% | 0.004% | 0.04% | 0.014% |
| Tier 4 | > $500M | 0.028% | 0% | 0.038% | 0.01% |
| Tier 5 | > $2B | 0.026% | 0% | 0.036% | 0.01% |
| Tier 6 | > $7B | 0.024% | 0% | 0.034% | 0.01% |
Source: Hyperliquid’s fee schedule. Staking HYPE takes 5 to 40% off Hyperliquid’s part; Graphite’s stays at 0.01%.
HIP-3 markets
Stocks, indices and commodities on HIP-3 are listed by their deployers, who add a share of their own to Hyperliquid’s fee. Some run in growth mode, which cuts the whole fee by 90%. The result differs market by market, from a tenth of the usual fee to six times it. Graphite’s fee is the same 0.01% everywhere. The calculator reads each market’s settings live.
Fees are part of the risk
A BTC long: limit entry at 75850, stop at 75670, target at 76300, 500 USDC at risk, on the entry tier.
- Size
- 2.0783 BTC
- Fees if the stop is hit
- 125.91 USDC
- Share of the risk
- 25.2%
- R, distances only
- 2.50
- R, net of fees
- 1.62
With a stop 180 dollars away on a position worth over 157k, a quarter of what the trade can lose goes to fees. Sizing on the stop distance alone would lose more than the risk set, and the trade looks like a 2.5R when it is a 1.6R. Graphite sizes on the net figure, and shows it.
Check it on-chain
Every fill sent through Graphite carries its builder address, on Hyperliquid’s public record: 0xf572FD4C076D6b0d7E32E010c021dd5B91f72845.