Same exchange. Different app fees.
Hyperliquid builder fees compared.
Your trading app changes what you pay. Compare seven public builder rates, see the cost per $100k traded, and work out the difference for your volume.
By Proliquid · Sources reviewed
The public fee comparison
Small percentages.
Real dollars.
One $100k trade, or many trades totaling $100k.
Here is what goes to the builder.
| Builder / source | Builder fee | Per $100k |
|---|---|---|
| PhantomPhantom docs | 0.05% | $50.00 |
| MetaMaskCoinGecko · May 2026 | 0.1% | $100.00 |
| PVPCoinGecko · May 2026 | 0.038% | $38.00 |
| BasedCoinGecko · May 2026 | 0.025% | $25.00 |
| InsilicoInsilico docs | 0.01% | $10.00 |
| AxiomAxiom docs | 0.01% | $10.00 |
| Proliquid Our appProliquid docs | 0.02%to 0.005% at VIP4 | $20.00to $5.00 at VIP4 |
Each example is $100,000 × builder fee ÷ 100. These are app fees on traded notional, before Hyperliquid exchange fees, funding, spread, slippage and transfer costs.
MetaMask, PVP and Based use CoinGecko's May 25, 2026 snapshot. Actual rates can vary by tier, order, referral or promotion. MetaMask Rewards discounts are excluded. Proliquid's 0.005% rate requires VIP4 and $100M in eligible linked-wallet volume. Read the methodology.
Put your volume to work
What does your
builder fee cost?
Enter the total value of your fills, including entries and exits. Choose the app rate to compare and your Proliquid tier.
A $100k entry and a $100k exit add up to $200k of volume. Your margin deposit is not your traded volume.
See all VIP thresholdsA worked example
Phantom perps fees,
in dollars.
For $100,000 of total traded volume, Phantom's 0.05% builder fee is $50. Proliquid's 0.02% starting fee is $20. That leaves a $30 difference in the builder component.
Phantom's published feesPhantom$100,000 × 0.05% = $50
Proliquid · VIP0$100,000 × 0.02% = $20
Builder-fee difference$50 − $20 = $30
Opening $100k and closing $100k doubles each result. The exchange fee is additional in both cases.Check the numbers
Sources and methodology.
Published rates, with dates.
We use builder documentation for Phantom, Insilico, Axiom and Proliquid. MetaMask, PVP and Based use the fee column in CoinGecko's builder research, a May 25, 2026 snapshot published May 26. Those historical reference rates are not a live quote.
MetaMask's help center notes that fees vary by Rewards level. The comparison does not subtract cashback, referral benefits or temporary discounts for any app.
Compare the same fee component.
Hyperliquid's builder-code docs explain per-fill app fees. Exchange fees depend on execution, volume and market rules. The native Hyperliquid interface adds no third-party builder fee.
OpenChainBench measures builder revenue and effective fees from onchain fills. Effective fees reflect the mix of actual trades and discounts, so we do not substitute them for the published rates in this table.
Published by Proliquid, one of the apps compared. Sources reviewed September 12, 2026. Rates and eligibility can change; check the app's order preview before trading.
The fee details
Before your next trade.
Builder fees, exchange fees and where your volume fits.
What are Hyperliquid builder fees?
A builder fee is an app's charge on the fills it routes through Hyperliquid. It is added to the exchange trading fee. Hyperliquid lets users approve a maximum fee for each builder and revoke that permission later. The perp builder-fee cap is 0.1%.
What are Phantom perps fees?
Phantom documents a 0.05% app fee for opening, adding to, reducing or closing a perp position. That is $50 per $100,000 traded, before Hyperliquid fees. Proliquid's starting builder rate of 0.02% costs $20 for the same volume, a $30 builder-fee difference.
What is the MetaMask Hyperliquid fee?
CoinGecko's May 25, 2026 snapshot lists MetaMask's builder fee at 0.1%, or $100 per $100,000 traded before exchange fees. MetaMask's help center says perps fees vary with Rewards level. This comparison uses the published 0.1% reference rate without Rewards discounts. Check your order preview for your actual fee.
How do I get Proliquid's 0.005% builder fee?
The 0.005% rate applies at VIP4, which requires $100 million in eligible linked-wallet volume. The starting VIP0 rate is 0.02%. Eligible volume combines Proliquid 30-day builder-fill volume with additional recent Hyperliquid volume, subtracting overlap. The calculator holds your selected tier fixed; it does not determine VIP eligibility.
Do I pay builder fees when I open and close a position?
Yes, builder fees can apply to both entry and exit fills on perpetuals. A $100,000 entry followed by a $100,000 exit is $200,000 of traded volume. Enter $200,000 in the calculator for that round trip. Fees use the traded notional, not just the margin you deposit.
Is Proliquid the cheapest way to trade on Hyperliquid?
The native Hyperliquid interface adds no third-party builder fee. Among these seven apps, Insilico and Axiom have lower reference rates than Proliquid's starting tier. Proliquid's VIP3 and VIP4 rates are lower than those listed here. Proliquid includes news, screeners and advanced execution without a subscription. Exchange fees and other trading costs remain separate.
KEEP MORE FOR YOUR NEXT TRADE0.02% to start.
Every tool included.
No subscription. Exchange fees apply separately.