As of October 20, 2026. The trading fees below apply to filled perpetual orders on position value (margin × leverage), including opening and closing fills. This is a base-tier taker example; actual rates vary by market and account.
| Fee per fill | Standard | Genesis |
|---|---|---|
| Bloxwap builder fee | 0.05% (5 bps) | 0.025% (2.5 bps) |
| Hyperliquid taker fee (base tier) | 0.045% (4.5 bps) | 0.045% (4.5 bps) |
| Total per fill | 0.095% (9.5 bps) | 0.07% (7 bps) |
| Open + close a $1,000 position | $1.90 | $1.40 |
| Share of hourly funding kept by Bloxwap | $0 | $0 |
Hyperliquid’s first higher tier starts above $5M of weighted 14-day trading volume. Higher volume lowers it, staking HYPE takes 5% to 40% off, and HIP-3 markets add a fee set by the market's deployer (Hyperliquid fee schedule). The current Bloxwap builder rate does not vary with volume, position count, or trading speed. Rates and Genesis availability may change or end under the Terms.
Each filled trade has two costs: Hyperliquid's exchange fee and Bloxwap's builder fee. They apply when you open and again when you close. Genesis halves the builder portion.
The table gives the base-tier rates. Your market, trading volume, and staking discounts can affect the exchange portion; review the app's estimate before placing an order.
The two fees on a normal trade
A fill happens when your order matches with another trader's order. A normal tap order takes available liquidity, so its fills pay Hyperliquid's taker fee. A taker accepts a price already offered in the market.
- Hyperliquid exchange fee. The base taker rate for a regular perp is 4.5 basis points (0.045%). It applies below $5M of 14-day volume; higher volume and staked HYPE lower it, and HIP-3 markets add a fee set by the market's deployer.
- Bloxwap builder fee. A builder fee pays the app that sends an order to Hyperliquid. Bloxwap adds 5 basis points (0.05%) to each fill. A verified Genesis wallet pays 2.5 basis points (0.025%) instead.
A basis point, shortened to bps, is one hundredth of one percent. So 5 bps means 0.05%, not 5%. The Bloxwap fee table lists the rates and links to Hyperliquid's full schedule.
A full $1,000 position example
Suppose you deposit 100 USDC as margin and choose 10x leverage. Margin is the money backing your trade. Leverage makes your position larger, so your $100 controls a $1,000 position.
Fees use the $1,000 position value, not the $100 margin:
- Hyperliquid base taker fee: $1,000 × 0.045% = $0.45.
- Standard Bloxwap builder fee: $1,000 × 0.05% = $0.50.
- Total fee to open: $0.95.
If you later close at the same $1,000 value, closing costs another $0.95. The round trip is $1.90. A Genesis trader pays $0.70 to open and $0.70 to close, or $1.40 total.
The close fee can change because your position value and Hyperliquid rate can change. A full FLIP uses one order for twice your current position size. For example, reversing a $1,000 long into a $1,000 short trades about $2,000 of value. Fees apply to the amount that actually fills, so a partial fill costs less and may not complete the flip. An order that never fills does not pay a trading fee.
Funding is not a Bloxwap fee
Funding is an hourly payment between traders that helps keep a perpetual's price aligned with its underlying market. Bloxwap does not collect it.
When the funding rate is positive, long traders pay short traders. When it is negative, shorts pay longs. Hyperliquid values the position using a reference price called the oracle price, and the rate changes over time. If the rate is 0.001% and the oracle values your position at $1,000 at an hourly settlement, the payment is $0.01. Hold through six settlements while both numbers stay the same, and the paying side pays $0.06. The other side receives it. Learn how funding affects your final result in How Bloxwap payouts work.
There is no spam-escalation fee
Current Bloxwap does not raise your fee because you trade quickly or hold several positions. Each filled order pays its normal fees, but the rate does not climb with your position count.
If you find an old Bloxwap table showing a 10% base fee, a tick-distance borrow fee, or a fee increase after four positions, it describes the retired product. Those charges do not apply to today's Bloxwap app on Hyperliquid.
Demo trades use virtual funds and do not pay exchange or builder fees. Deposits and withdrawals can have separate app, sponsorship, network, or bridge costs, shown before you confirm the transfer.