Trading Fees

Fee schedule and funding for trading on Hypernova

Hypernova uses a flat, transparent fee schedule. The same rates apply to every symbol, every account class, and every account size — no tiers, no hidden surcharges, no payment-for-order-flow.

Trading Fees

Fee Type	Rate	Applies To
Maker	0.00%	Resting limit orders that fill at your price
Taker	0.03%	Market orders, stop orders, take-profit, stop-loss, marketable limit orders

Formula: fee = quantity × fill price × fee rate. Fees are charged in USD on every fill and deducted from your account at the moment of execution.

Maker vs Taker

• A limit order resting inside the spread when it fills earns the maker rate (0%).
• A limit order priced through the spread at placement (i.e. it would fill immediately) is treated as a marketable order and charged the taker rate.
• All market, stop-market, take-profit, and stop-loss orders are taker fills by definition.

This means thoughtful limit-order placement can run at zero trading-fee cost. Aggressive execution is uniform at 0.03% notional.

Worked Examples

Trade	Fee
Market buy 1 BTC @ $50,000	1 × 50,000 × 0.0003 = $15.00
Limit buy 0.5 ETH @ $3,000 (resting fill)	0.5 × 3,000 × 0.00 = $0.00
Stop-loss sell 2 SOL @ $150	2 × 150 × 0.0003 = $0.09
Market sell 100 AAPL @ $200	100 × 200 × 0.0003 = $6.00

Funding

Funding is separate from trading fees and applies hourly to open positions only. Resting orders that haven’t filled don’t pay or receive funding.

Detail	Behavior
Cadence	Charged every hour, on the UTC hour boundary
Source	Funding rate sourced live from Hyperliquid for each symbol
Direction	Positive funding → longs pay shorts. Negative funding → shorts pay longs
Sizing	payment = position notional × funding rate (sized at oracle price at the funding boundary)

Funding is a transfer between traders, not a fee paid to the platform. A short position when funding is positive earns funding; a long position pays it. Closing a position before the next funding boundary skips that period entirely.

Other Costs

Item	Cost
Account creation	One-time evaluation fee, paid up front. See Starting an Assessment
Deposits	No platform fee. On-chain network gas applies (paid by you when sending USDC in)
Payouts	No platform fee. Gas sponsored by Hypernova — you sign, we broadcast. The vault keeps the configured profit-share split — see Payouts
Inactivity	None
Withdrawal limits	None

Frequently Asked

Are fees the same for crypto and TradFi markets?

Yes. The 0.00% maker / 0.03% taker schedule applies uniformly across crypto, equity, commodity, and index perpetuals.

Do I pay fees on losing trades?

Trading fees apply to every fill regardless of PnL — they’re charged on the notional value of the trade, not on profit. A losing trade is charged the same as a winning trade of the same size.

When is funding charged?

On the UTC hour boundary, for every position open during the prior hour. A position opened at 10:30 UTC and closed at 10:55 UTC pays no funding for that hour. A position open at 10:00 UTC pays funding sized at the 10:00 boundary.

Are taker fees charged on the trigger price or the fill price?

On the fill price. A stop-market that triggers at $50,000 but fills at $50,050 (slippage) pays fees on $50,050 × size.

Do reduce-only orders pay fees?

Yes. Reduce-only orders pay the same maker / taker fees as opening orders — the only difference is they can’t increase a position, only close or reduce it.

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Fees and funding rates are subject to change. The most current values are always shown on the order panel before you confirm a trade.