Fees
What it costs to trade: builder fees, Hyperliquid exchange fees, and a worked example.
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.
The Bloxwap builder fee
Each filled order pays Hyperliquid's exchange fee plus the Bloxwap builder fee: 5 bps (0.05%), or 2.5 bps (0.025%) for Genesis traders. Genesis applies automatically to the trading address bound to a qualifying burn.
Worked example
With 100 USDC at 10× leverage, your position is worth $1,000. At the base taker rate in the table:
- Standard: $0.50 builder fee + $0.45 exchange fee = $0.95 per fill, or $1.90 to open and close.
- Genesis: $0.25 builder fee + $0.45 exchange fee = $0.70 per fill, or $1.40 to open and close.
The example assumes the position value stays at $1,000. An unfilled order pays no trading fee.
Other costs
- Funding: longs and shorts pay each other on Hyperliquid. Bloxwap keeps none of it.
- Transfers: network, bridge, swap, sponsorship, and Bloxwap app fees may be included in the route quote. Relay app fees are configurable and may apply to deposits, withdrawals, and sponsored sends. Review the quoted output and costs before confirming.
- Demo trades: no exchange or builder fees apply.
Papertrade markets
Papertrade markets are a third-party venue that trades real USDC. Trades settle against Papertrade's liquidity pool instead of Hyperliquid's order book, so the fee table above does not apply to them:
- Bloxwap fee: none. Bloxwap charges no builder fee on Papertrade trades. If Papertrade launches builder codes, any Bloxwap fee will be shown before you trade.
- Opening a position: no fee, no Hyperliquid exchange fee, and no funding.
- Losing closes: nothing extra. A loss costs only the margin it uses.
- Winning closes: Papertrade applies three costs, in order:
- a deadband that measures your exit as if the price were entry ÷ 50,000 (0.2 bps) less favourable;
- an impact haircut that keeps part of the profit for the pool. At launch values it takes at least 10% of the profit, and more on small price moves;
- a 2% fee on the profit that remains.
- Liquidation: a position is liquidated about 5 bps before its equity reaches zero, and the whole margin is lost.
- Payout queue: while Papertrade's pool is short of funds, part of a win can wait in a first-in, first-out queue and is paid as the pool refills. Your margin comes back right away.
- Deposits: the first deposit to your Papertrade address pays a 1 USDC Hyperliquid account activation fee. Deposits and withdrawals have a 10 USDC minimum.
Example at launch values: $10 of margin at 100× is a $1,000 position. If BTC rises 1% and you close, the raw profit is $10.00. The deadband removes $0.02, the impact haircut about $1.17, and the 2% fee about $0.18, so you receive about $8.64 of profit plus your $10 margin. Live parameters come from Papertrade and can change.
Bloxwap does not charge escalation or borrow fees. Tables describing a 10% base fee, tick-distance borrowing, or higher fees after four positions refer to the retired product.