Hyperliquid FAQ
Short, direct answers to what traders ask most about Hyperliquid and its referral code.
Last reviewed:
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.