Key Points
- Hyperliquid referral code offers 4% fee discount up to $25 million trading volume.
- Referrers earn 10% of users’ fees up to $1 billion volume.
Perpetual futures traders seeking decentralized infrastructure often use Hyperliquid for leveraged trading with up to 40x exposure.
The platform provides a referral program that grants fee discounts to new users and rewards to eligible referrers.
Hyperliquid Referral Code and Program Structure
Using the referral code NUMERIS provides a 4% trading fee discount on the first $25 million in trading volume.
The discount applies automatically after the code is entered and confirmed, but it does not extend to vaults or sub-accounts treated separately by the clearing system.
Referrers can create a custom code after reaching $10,000 in trading volume on the exchange.
Once eligible, they receive 10% of referred users’ trading fees, calculated after any discounts applied to those users.
Referral rewards apply to each referred trader’s first $1 billion in trading volume.
Accumulated rewards can be claimed once they exceed $1 in value and are credited to the user’s spot balance.
To use a referral code, traders must connect an account and deposit funds before entering the code in the referrals section.
The fee reduction becomes active after confirmation and applies to qualifying trades only.
Trading Fees and Platform Overview
Trading fees on Hyperliquid are determined by a 14-day rolling volume and are assessed daily in UTC.
Both spot and perpetual markets use a tiered structure ranging from Tier 0 to Tier 6, with fees decreasing as trading volume rises.
For base-tier spot trading below $5 million in 14-day volume, taker fees are 0.070% and maker fees are 0.040%.
For base-tier perpetual trading at the same volume level, taker fees are 0.045% and maker fees are 0.015%.
Referral discounts reduce applicable trading fees within the specified volume thresholds.
Hyperliquid operates on its own blockchain and supports over 100 assets for spot and perpetual trading.
Instead of automated market makers, the exchange uses a central limit order book model designed to deliver a trading interface similar to centralized platforms.
The protocol includes mechanisms such as oracle pricing, time-weighted average prices, and additional safeguards aimed at maintaining orderly markets.
The platform launched publicly in 2023, and its native token HYPE was distributed via airdrop in November 2024.
Hyperliquid does not require KYC for general access and supports multiple wallet connection options.
