Independent guide · updated dailyHyperliquid referral code & complete guide: The complete Hyperliquid guide with a 4% fee discount
Everything about the fastest on-chain order book exchange: how it works, fees, HYPE, vaults, HyperEVM and the referral code RABAT that lowers what you pay on every trade.
Opens the official app.hyperliquid.xyz — no sign-up form, connect your wallet.
- fee discount with code RABAT
- 4%
- volume covered by the discount
- $25M
- gas fees to place orders
- 0
- KYC or sign-up forms
- 0
How to activate the Hyperliquid referral code in 3 steps
- 01
Open the referral link
Go to app.hyperliquid.xyz/join/RABAT. The code is embedded in the link, so there is nothing to type.
- 02
Connect your wallet
Connect MetaMask, Rabby, Coinbase Wallet or sign in with email. The referral is bound to your address.
- 03
Deposit and trade
Deposit USDC (minimum 5 USDC) and trade. The 4% discount applies automatically to your first $25M volume.
Hyperliquid fees
Hyperliquid charges no gas for trading and has some of the lowest fees in crypto. Fees depend on your 14-day volume, maker rebates and HYPE staking — and you can cut them by a further 4% with the referral code RABAT.
| Product | Maker | Taker | Taker − 4% (RABAT) |
|---|---|---|---|
| Perpetuals | 0.015% | 0.045% | 0.0432% |
| Spot | 0.040% | 0.070% | 0.0672% |
Last reviewed: · hyperliquid.gitbook.io
- Hyperliquid + RABAT0.0432%
- Hyperliquid0.0450%
- Binance0.0500%
- OKX0.0500%
- dYdX0.0500%
- Bybit0.0550%
Hyperliquid docs, explained
A readable summary of the official Hyperliquid documentation, organised so you understand the architecture before you risk capital.
Docs →HYPE token explained
HYPE is the native token of the Hyperliquid L1. It secures the network through staking, pays for gas on HyperEVM and gives traders fee discounts.
HYPE Token →Frequently asked questions
What is the Hyperliquid referral code?
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Our Hyperliquid referral code is RABAT. The easiest way to use it is the referral link app.hyperliquid.xyz/join/RABAT, which applies the code automatically.
How much do I save with the referral code?
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Users who join with a referral code get a 4% discount on trading fees for their first $25,000,000 of trading volume.
Is the referral code different from the referral link?
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No. On Hyperliquid the code is part of the link: /join/RABAT. Opening the link and connecting your wallet is the same as entering the code.
Can I add a referral code to an existing account?
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A referral can only be set once per address and only if the address is not already referred. If your wallet has no referrer yet, opening the link and confirming still works.
Does Hyperliquid require KYC?
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No. Hyperliquid is a non-custodial on-chain exchange. You trade from your own wallet without KYC, but you must follow the laws of your jurisdiction; some regions are restricted.
Is Hyperliquid safe?
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Hyperliquid runs on its own L1 with HyperBFT consensus, and funds sit in your own address on-chain. Like any DeFi protocol it carries smart-contract, bridge, validator and liquidation risks. Never trade with money you cannot afford to lose.
Does the 4% discount expire?
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The discount applies to your first $25M of trading volume and has no time limit. After that you keep paying normal tier fees.
What are Hyperliquid's trading fees?
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Perpetuals: 0.045% taker and 0.015% maker at the base tier; spot: 0.07% / 0.04%. Fees fall with your 14-day volume. With code RABAT the base perps taker fee is 0.0432%.
Do I pay deposit or withdrawal fees?
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Deposits of USDC via Arbitrum are free (minimum 5 USDC). Withdrawals to Arbitrum cost a flat 1 USDC to cover gas.
Who holds my funds on Hyperliquid?
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You do. Hyperliquid is self-custodial: funds sit in a bridge contract controlled by validators and are tied to your own wallet. Nobody, including us, can move them without your signature.
Can I withdraw at any time?
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Yes. Withdrawals are signed from your wallet and usually arrive on Arbitrum within minutes, without approval from any company.