Hyperliquid vs WHXEX: fees compared
Every fee that costs you money on Hyperliquid and WHXEX, 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
WHXEXRank #203The short answer
- Hyperliquid charges 0.07% on spot / swap taker orders versus 0.15% on WHXEX.
- On futures, WHXEX is cheaper for takers (0.02% vs 0.045%).
- WHXEX 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 | WHXEX |
|---|---|---|
| Trading fees | ||
| Spot / swap maker | 0.04%cheaper | 0.15% |
| Spot / swap taker | 0.07%cheaper | 0.15% |
| Futures maker | 0.015%cheaper | 0.05% |
| Futures taker | 0.045% | 0.02%cheaper |
| Lowest spot taker (top VIP tier) | 0.025%cheaperTier 6 | 0.15%Regular |
| Fee tiers published | 7moreSpot trading | 1Spot trading |
| Fee discount with exchange token | — | Discount paying fees in platform token |
| Withdrawals & deposits | ||
| Coins you can withdraw | 1synced 2026-08-29 00:53 UTC | 235moresynced 2026-08-29 00:53 UTC |
| Median withdrawal fee (coins on both) | $1.00across 1 coins | $0.001100cheaperacross 1 coins |
| Cheaper withdrawal on… | 0 coins | 1 coinsmore |
| Crypto deposit fee | — | Free |
| Exchange profile | ||
| Volume 24h (spot + derivatives) | $12.16BmoreOI $6.75B | $7.24BOI $44.39M |
| 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.
What would you actually pay?
- Trading (Regular · 0.04% / 0.07%)
- $550.00
- Withdrawals (4× USDC · Arbitrum One (native) · $1.00 each)
- $4.00
- Trading (Regular · 0.15% / 0.15%)
- $1,500.00
- Withdrawals (4× USDC · Base · $0.001100 each)
- $0.00
At $1M of monthly spot volume (50% maker) plus 4 USDC withdrawals, Hyperliquid costs $946.00 less per month — $11,352.04 a year.
Estimate only: it applies each exchange’s published VIP ladder for the market you picked, ignores token-payment discounts, referral rebates and promotional zero-fee pairs, and assumes every withdrawal uses the cheapest network above. Negative fees are maker rebates.
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
WHXEXSpot trading
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.15% | 0.15% |
Source: WHXEX fee schedule ↗ · verified 2026-08-28
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
WHXEXFutures trading — Perpetual
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.05% | 0.02% |
Source: WHXEX fee schedule ↗ · verified 2026-08-28
Withdrawal fees, coin by coin1 coin on both
| Coin | Hyperliquid | WHXEX | Cheaper |
|---|---|---|---|
 USDCUSDC | 1 USDC$1.00 · Arbitrum One (native) | 0.001100 USDC$0.001100 · Base +3 | WHXEXsaves $0.9991 |
Showing 1–1 of 1 coins
Deposit, fiat, card and other fees
| Fee | Hyperliquid | WHXEX |
|---|---|---|
| Crypto deposit fee | — | Free |
| P2P maker fee | — | 0–1% |
Hyperliquid vs WHXEX — FAQ
Is Hyperliquid or WHXEX cheaper?
Hyperliquid charges 0.07% on spot / swap taker orders versus 0.15% on WHXEX. On futures, WHXEX is cheaper for takers (0.02% vs 0.045%). WHXEX 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 WHXEX?
Hyperliquid charges 0.07% taker / 0.04% maker on spot and 0.045% taker on futures at the entry tier. WHXEX charges 0.15% taker / 0.15% maker on spot and 0.02% 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 WHXEX?
Of the 1 coin both exchanges let you withdraw, Hyperliquid is cheaper on 0, WHXEX on 1. The median withdrawal fee on that shared basket is $1.00 on Hyperliquid versus $0.001100 on WHXEX. WHXEX 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 WHXEX?
WHXEX: Discount paying fees in platform token. Both exchanges also cut maker/taker rates as your 30-day volume rises — Hyperliquid publishes 7 tiers and WHXEX publishes 1 tier. 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 WHXEX 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, 2026-08-28 for WHXEX). 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 WHXEX). 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 · WHXEX fees.