Unofficial, independent guide. Not affiliated with Hyperliquid.
Hyperliquid, explained
one step at a time.
An independent, unofficial guide to Hyperliquid. Sign up with code HYQUID for 4% off trading fees on your first $25M in volume.
Referral code
HYQUID
Get 4% off →4%fee discount
$25Mvolume covered
$0sign-up bonus (ignore fake claims)
NoKYC required
Start here
Getting startedHyperliquid referral code: HYQUIDUse Hyperliquid referral code HYQUID for 4% off trading fees on your first $25M volume. How to apply it, what it saves and what to ignore.Fees & savingsHyperliquid fees explainedHyperliquid trading fees in 2026: base maker and taker rates for perps and spot, volume tiers, HYPE staking and referral discounts, plus a savings calculator.BasicsWhat is Hyperliquid?Hyperliquid explained simply: an on-chain exchange on its own Layer 1, how it differs from Binance, the HYPE token, the HLP vault and the main risks.
How much does the code save?
Without code$45.00
With HYQUID$43.20
Monthly savings$1.80
Estimate at base-tier perpetuals fees, before volume tiers and HYPE staking discounts. The discount applies to your first $25M in volume.
Before you trade
- Only use the official site app.hyperliquid.xyz. Look-alike domains are common, so check the spelling.
- Anyone asking for your seed phrase is a scammer.
- Perpetual futures use leverage. You can lose your whole margin.
- Hyperliquid has no sign-up bonus. Every standard referral code gives 4%.