Hyperliquid Referral Code: How to Get a Trading Fee Discount
Applying a referral code before your first trade is one of the few one-click ways to lower your Hyperliquid trading costs. Here is how it works and what to check first.
Direct answer
What does a Hyperliquid referral code provide?
A referral code gives a new Hyperliquid account a discount on eligible trading fees, applied automatically once the code is active. The discount rate and any volume limits are set by Hyperliquid and can change, so confirm current terms in the official documentation before relying on exact numbers.
Updated 5 Aug 2026
Hyperliquid runs an on-chain referral programme: an existing user shares a code, a new user applies it, and the new account receives a discount on eligible trading fees. The referrer earns a share of the referred account's fees. It costs the new user nothing — the discount comes out of the exchange's fee take, not on top of it.
How the referral discount works
When you open Hyperliquid through a referral link (or enter a code manually before trading), the code is bound to your account. From then on, eligible trades are charged at a reduced rate until any programme limit is reached. The discount applies automatically — there is nothing to claim per trade.
Applying a code, step by step
Open Hyperliquid through a referral link
Using a referral link is the most reliable method because the code is attached before the account exists. If you already opened the app without one, you can still enter a code on the Referrals page — but only if you have not traded yet.
Connect a supported wallet
Hyperliquid is self-custodial: you sign in with a wallet rather than an email account. Use a wallet you control and have backed up.
Confirm the code is active
Before depositing, open the Referrals section and check the code shows as applied. This is the step people skip — and codes cannot be applied retroactively after your first trade.
Deposit and review fees before trading
Fund the account with supported collateral, then look at the fee schedule for your expected trade size so the discount's effect is concrete rather than abstract.
What the discount looks like in practice
The panel below shows how a percentage discount interacts with a base taker fee. The values are illustrative inputs, not a quote — plug in the current fee schedule for your own tier.
Fee example
illustrative values
- Example trade size
- $10,000.00
- Base taker fee
- 0.045%
- Referral discount
- −4% of fee
- Effective fee rate
- 0.0432%
- Fee without code
- $4.50
- Fee with code
- $4.32
A 4% referral discount reduces the fee itself, not the trade — on a $10,000.00 taker order it is the difference between the last two rows. Actual rates depend on your fee tier and Hyperliquid's current schedule; this panel is an example, not a quote.
Read the complete fee guide · Discount shown: 4% (configurable)
Common mistakes to avoid
- Trading before the code is applied — referral codes only bind to accounts with no trading history.
- Assuming the discount covers every product — check which fee types are eligible in the current terms.
- Copying a code with a typo — codes are exact-match; use the copy button rather than retyping.
- Expecting the discount to be permanent — programme limits (such as a volume cap) end the discount when reached.
Referral code
YOURCODE
Applying the code gives eligible trades a 4% fee discount, up to $25M in trading volume. Terms are set by Hyperliquid and can change.
Last verified 2026-08-05 · Official terms
Frequently asked questions
Can I add a referral code after I have already traded?
No. Hyperliquid referral codes can only be applied to accounts that have not yet traded. If you have an active account, the code option will no longer be available for it.
Does using a referral code cost me anything?
No. The discount reduces the fees you would pay anyway, and the referrer's reward is paid by the programme, not charged to you.
How long does the discount last?
Until any programme limit is reached — historically a cap on referred trading volume. Check the official referral documentation for the current rule.
Do referral codes work on spot as well as perps?
Eligibility by product is defined by Hyperliquid's current terms and has changed over time, so confirm in the official docs rather than relying on older guides.
Sources
- Hyperliquid documentation — Referrals↗ external
- Hyperliquid documentation — Fees↗ external