Hyperliquid vs Mandala Exchange: fees compared
Every fee that costs you money on Hyperliquid and Mandala Exchange, side by side — trading fees at each VIP tier, withdrawal fees coin by coin, deposits and fiat. Sourced from each exchange’s own fee pages.
HyperliquidExchange
Mandala ExchangeRank #146The short answer
- Hyperliquid has the cheaper withdrawal fee on 1 of the 1 coins both exchanges list.
- Hyperliquid publishes the deeper VIP ladder (7 tiers), so high-volume traders can push fees lower there.
Head-to-head
| Fee | Hyperliquid | Mandala Exchange |
|---|---|---|
| Trading fees | ||
| Spot / swap maker | 0.04% | — |
| Spot / swap taker | 0.07% | — |
| Futures maker | 0.015% | — |
| Futures taker | 0.045% | — |
| Lowest spot taker (top VIP tier) | 0.025%Tier 6 | — |
| Fee tiers published | 7Spot trading | — |
| Fee discount with exchange token | — | — |
| Withdrawals & deposits | ||
| Coins you can withdraw | 1synced 2026-08-29 00:53 UTC | 319moresynced 2026-08-29 00:53 UTC |
| Median withdrawal fee (coins on both) | $1.00cheaperacross 1 coins | $8.00across 1 coins |
| Cheaper withdrawal on… | 1 coinsmore | 0 coins |
| Crypto deposit fee | — | — |
| Exchange profile | ||
| Volume 24h (spot + derivatives) | $12.16BmoreOI $6.75B | $94.11MOI $3.57M |
| Markets | DEX, Derivatives | Spot, Derivatives |
| Fiat currencies | — | — |
“Cheaper” marks the better number on that row only. A dash means we have not verified that fee for the exchange yet — it is not a claim that the fee is zero.
Spot fee tiers side by side
HyperliquidSpot trading
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.04% | 0.07% |
| Tier 1 | $5.00M | 0.03% | 0.06% |
| Tier 2 | $25.00M | 0.02% | 0.05% |
| Tier 3 | $100.00M | 0.01% | 0.04% |
| Tier 4 | $500.00M | 0% | 0.035% |
| Tier 5 | $2.00B | 0% | 0.03% |
| Tier 6 | $7.00B | 0% | 0.025% |
Source: Hyperliquid fee schedule ↗ · verified 2026-08-28
Mandala Exchange
No spot fee tiers verified for Mandala Exchange yet.
Futures fee tiers side by side
HyperliquidFutures trading
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.015% | 0.045% |
| Tier 1 | $5.00M | 0.012% | 0.04% |
| Tier 2 | $25.00M | 0.008% | 0.035% |
| Tier 3 | $100.00M | 0.004% | 0.03% |
| Tier 4 | $500.00M | 0% | 0.028% |
| Tier 5 | $2.00B | 0% | 0.026% |
| Tier 6 | $7.00B | 0% | 0.024% |
Source: Hyperliquid fee schedule ↗ · verified 2026-08-28
Mandala Exchange
No futures fee tiers verified for Mandala Exchange yet.
Withdrawal fees, coin by coin1 coin on both
| Coin | Hyperliquid | Mandala Exchange | Cheaper |
|---|---|---|---|
 USDCUSDC | 1 USDC$1.00 · Arbitrum One (native) | 8.001 USDC$8.00 · Arbitrum One +13 | Hyperliquidsaves $7.00 |
Showing 1–1 of 1 coins
Hyperliquid vs Mandala Exchange — FAQ
Is Hyperliquid or Mandala Exchange cheaper?
Hyperliquid has the cheaper withdrawal fee on 1 of the 1 coins both exchanges list. Hyperliquid publishes the deeper VIP ladder (7 tiers), so high-volume traders can push fees lower there.
Which has lower trading fees, Hyperliquid or Mandala Exchange?
Hyperliquid charges 0.07% taker / 0.04% maker on spot and 0.045% taker on futures at the entry tier. Mandala Exchange charges — taker / — maker on spot and — taker on futures. Across the metrics we compare, Hyperliquid wins more of them. Both drop as your 30-day volume grows — use the calculator above to price your own volume.
Which is cheaper for withdrawals, Hyperliquid or Mandala Exchange?
Of the 1 coin both exchanges let you withdraw, Hyperliquid is cheaper on 1, Mandala Exchange on 0. The median withdrawal fee on that shared basket is $1.00 on Hyperliquid versus $8.00 on Mandala Exchange. Hyperliquid is the cheaper default, but the winner changes coin by coin — check the coin you actually withdraw.
How can I pay lower fees on Hyperliquid or Mandala Exchange?
Both exchanges also cut maker/taker rates as your 30-day volume rises — Hyperliquid publishes 7 tiers and Mandala Exchange publishes 0 tiers. Choosing the cheapest withdrawal network matters just as much: on many coins the gap between networks is larger than the gap between exchanges.
Are these Hyperliquid and Mandala Exchange fees up to date?
Trading fees are hand-curated from each exchange's official fee schedule and carry the date we last verified them (2026-08-28 for Hyperliquid, — for Mandala Exchange). Withdrawal fees are synced from each exchange's own API or fee page (last sync 2026-08-29 00:53 UTC for Hyperliquid, 2026-08-29 00:53 UTC for Mandala Exchange). USD amounts are recomputed at the live coin price.
Other comparisons
Trading and other fee numbers are hand-curated from each exchange’s official fee pages (linked next to every tier table) and carry the date we last verified them. Withdrawal fees are synced from each exchange’s own API or fee page; USD amounts are computed at the current live coin price, so they move with the market. Rates exclude referral rebates, promotional zero-fee pairs and regional pricing. Full detail per exchange: Hyperliquid fees · Mandala Exchange fees.