Hyperliquid spot trading
This is where you actually own native tokens like HYPE. Toggle between Perps and Spot from the top nav — the interface is nearly identical.
EVENTCODE· No sign-up · One wallet connection · Applied before your first trade
Perps vs spot
Perps let you take directional exposure using margin; spot means you actually own the token. Hyperliquid's spot market runs on the HIP-1/HIP-2 standard and is most often used for direct native-asset purchases like HYPE.
Three simple steps
1. Open the Spot tab
Switch to Spot in the top navigation.
2. Select the HYPE pair
Search HYPE and open the market.
3. Market or limit buy
Enter size and submit.
Purchased HYPE can be held or staked to unlock the trading-fee discount tier. See the HYPE token page for details.
Spot fees — 2× tier counting
Spot base fees are taker 0.070%, maker 0.040%. Spot volume counts 2× toward the fee tier, so spot-focused traders can climb tiers faster.
Stablecoin-to-stablecoin pairs have an 80% reduction on the taker side. See the fees page for the full tier table.
Spot fee calculator
See the stable-pair 80% reduction and 4% site discount together.
Effective fee for this order
Shows how much this order saves compared to base tier (Tier 0). Deposit / withdrawal fees are not included.
Note: Spot volume counts 2× in tier calculation. Maker rebates (share > 0.5%) are not shown here.
4% off on HYPE purchases too
The 4% discount applies to spot trades the same way.
EVENTCODEThe 4% discount only applies if the code is entered before your first trade.