# Fees Liquid charges low fees to users (.05% or less), which vary based on the exchange through which orders are routed. The schedule of fees are explained below. ### Hyperliquid On spot assets, where you buy the underlying assets, Liquid charges *no additional fees*, i.e., it charges exactly what Hyperliquid charges. On perpetual futures, which represent directional exposure to the underlying assets, Liquid applies uniform 5 bps (0.05%) fees to executed trades. **What to know about Liquid fees:** * Fees are based on your account’s rolling 14 day trading volume. * Fees are assessed at the end of each day (UTC). * Maker rebates are paid out continuously on each trade directly to your wallet. * Liquid uses separate fee schedules for perps and spot trading. * Perps and spot volume are counted together to determine your fee tier. * Spot volume counts double toward your fee tier: `(14 day perps volume) + 2 * (14 day spot volume) = (14 day weighted volume)` For the sake of completeness, we show the full fee calculation here. | | | Base rate | | Diamond | | Platinum | | Gold | | Silver | | Bronze | | Wood | | | ---- | -------------------------- | --------- | ------ | ------- | ------- | -------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | | Tier | 14 Day Weighted Volume ($) | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | Taker | Maker | | 0 | | 0.095% | 0.065% | 0.0770% | 0.0590% | 0.0815% | 0.0605% | 0.0860% | 0.0620% | 0.0883% | 0.0628% | 0.0905% | 0.0635% | 0.0928% | 0.0643% | | 1 | > 5M | 0.090% | 0.062% | 0.0740% | 0.0572% | 0.0780% | 0.0584% | 0.0820% | 0.0596% | 0.0840% | 0.0602% | 0.0860% | 0.0608% | 0.0880% | 0.0614% | | 2 | > 25M | 0.085% | 0.058% | 0.0710% | 0.0548% | 0.0745% | 0.0556% | 0.0780% | 0.0564% | 0.0798% | 0.0568% | 0.0815% | 0.0572% | 0.0833% | 0.0576% | | 3 | > 100M | 0.080% | 0.054% | 0.0680% | 0.0524% | 0.0710% | 0.0528% | 0.0740% | 0.0532% | 0.0755% | 0.0534% | 0.0770% | 0.0536% | 0.0785% | 0.0538% | | 4 | > 500M | 0.078% | 0.050% | 0.0668% | 0.0500% | 0.0696% | 0.0500% | 0.0724% | 0.0500% | 0.0738% | 0.0500% | 0.0752% | 0.0500% | 0.0766% | 0.0500% | | 5 | > 2B | 0.076% | 0.050% | 0.0656% | 0.0500% | 0.0682% | 0.0500% | 0.0708% | 0.0500% | 0.0721% | 0.0500% | 0.0734% | 0.0500% | 0.0747% | 0.0500% | | 6 | > 7B | 0.074% | 0.050% | 0.0644% | 0.0500% | 0.0668% | 0.0500% | 0.0692% | 0.0500% | 0.0704% | 0.0500% | 0.0716% | 0.0500% | 0.0728% | 0.0500% | The table below shows spot fee tiers for Liquid traders. | Spot | 14 Day Weighted Volume ($) | Base Taker | Base Maker | Diamond Taker | Diamond Maker | Platinum Taker | Platinum Maker | Gold Taker | Gold Maker | Silver Taker | Silver Maker | Bronze Taker | Bronze Maker | Wood Taker | Wood Maker | | ---- | -------------------------- | ---------- | ---------- | ------------- | ------------- | -------------- | -------------- | ---------- | ---------- | ------------ | ------------ | ------------ | ------------ | ---------- | ---------- | | 0 | | 0.070% | 0.040% | 0.0420% | 0.0240% | 0.0490% | 0.0280% | 0.0560% | 0.0320% | 0.0595% | 0.0340% | 0.0630% | 0.0360% | 0.0665% | 0.0380% | | 1 | > 5M | 0.060% | 0.030% | 0.0360% | 0.0180% | 0.0420% | 0.0210% | 0.0480% | 0.0240% | 0.0510% | 0.0255% | 0.0540% | 0.0270% | 0.0570% | 0.0285% | | 2 | > 25M | 0.050% | 0.020% | 0.0300% | 0.0120% | 0.0350% | 0.0140% | 0.0400% | 0.0160% | 0.0425% | 0.0170% | 0.0450% | 0.0180% | 0.0475% | 0.0190% | | 3 | > 100M | 0.040% | 0.010% | 0.0240% | 0.0060% | 0.0280% | 0.0070% | 0.0320% | 0.0080% | 0.0340% | 0.0085% | 0.0360% | 0.0090% | 0.0380% | 0.0095% | | 4 | > 500M | 0.035% | 0.000% | 0.0210% | 0.0000% | 0.0245% | 0.0000% | 0.0280% | 0.0000% | 0.0298% | 0.0000% | 0.0315% | 0.0000% | 0.0333% | 0.0000% | | 5 | > 2B | 0.030% | 0.000% | 0.0180% | 0.0000% | 0.0210% | 0.0000% | 0.0240% | 0.0000% | 0.0255% | 0.0000% | 0.0270% | 0.0000% | 0.0285% | 0.0000% | | 6 | > 7B | 0.025% | 0.000% | 0.0150% | 0.0000% | 0.0175% | 0.0000% | 0.0200% | 0.0000% | 0.0213% | 0.0000% | 0.0225% | 0.0000% | 0.0238% | 0.0000% | ### Ostium On Ostium assets, fees are charged only when entering a position, unlike in Hyperliquid where they are charged when exiting a position as well. Thus, 10 bps of taker fees on Ostium is equivalent to 5 bps of taker fees on Hyperliquid, excluding liquidations. Ostium's fees on entry / exit are: * Crypto: * Maker / Taker: 3bps / 10bps * On Ostium, maker fees apply only if the leverage is at most 20x and if the trade reduces the OI imbalance. Otherwise, taker fees apply. * Indices * All trades are taker; and the fees are 5 bps. * FX * All trades are taker, the fees are 3 bps except for USD/MXN, which is 5 bps. * Stocks * All trades are taker, the fees are 5 bps. * Commodities * All trades are taker, and the fees vary by asset: | Pair Name | Taker fees | | --------- | ---------- | | XAU / USD | 3 bps | | CL / USD | 10 bps | | HG / USD | 15 bps | | XAG / USD | 15 bps | | XPT / USD | 20 bps | | XPD / USD | 20 bps | **On all Ostium trades, Liquid takes an additional 5 bps.** ### Lighter Liquid does not charge fees on top of Lighter, in keeping with their zero-fee approach.