Get a 4% discount on all trading fees
This referral code reduces your trading fees on Hyperliquid, the fastest decentralized perpetual futures exchange. Your taker fee drops from 0.045% to 0.0432%, maker fee from 0.015% to 0.0144%. Works on all 200+ crypto perpetual markets — BTC, ETH, SOL, and altcoins.
Affiliate Disclosure: This page contains affiliate links to Hyperliquid. We may earn a commission if you use our referral code AWD. This does not affect the price you pay or the discount you receive. The 4% fee discount is provided by Hyperliquid, not by us.
Hyperliquid is a decentralized perpetual futures exchange (DEX) built on its own purpose-built Layer 1 blockchain. Unlike competitors that rely on Ethereum, Arbitrum, or other general-purpose networks, Hyperliquid operates a custom high-performance chain optimized exclusively for derivatives trading. This unique architecture delivers execution speeds under 1 millisecond and throughput of 100,000+ orders per second — faster than most centralized exchanges like Binance or Bybit.
The platform offers perpetual futures contracts for over 200 cryptocurrency assets including BTC, ETH, SOL, AVAX, ARB, and popular altcoins. All trading happens directly on-chain with full self-custody — no intermediaries ever hold your funds. You simply connect your Web3 wallet (MetaMask, Coinbase Wallet, or WalletConnect), bridge USDC via Arbitrum, and start trading. Every position, liquidation, and trade is transparent and verifiable on the blockchain. Hyperliquid also features vaults for passive income, staking for HYPE token holders, and the upcoming HyperEVM for DeFi applications.
A Hyperliquid referral code reduces the trading fees you pay on every transaction. The referral code AWD provides a 4% reduction on the standard Hyperliquid fee structure: maker fees drop from 0.015% to 0.0144%, and taker fees from 0.045% to 0.0432%. Once activated on your wallet address, this discount applies to your first $25M in trading volume without any renewal needed.
Here's what the code actually does:
Maker drops from 0.015% to 0.0144%. Taker from 0.045% to 0.0432%. If you trade $1M/month, that's about $10-20 saved.
Orders fill in under 1ms. Most DEXs on Ethereum or Arbitrum are slower because they inherit network latency.
Once you use the code, the discount applies to your first $25M in trading volume. No renewal needed.
Three steps to get the fee discount. Takes about 2 minutes.
Go to app.hyperliquid.xyz/join/AWD in your browser. This link has the AWD code embedded so it activates automatically.
Click the connect button and select your wallet (MetaMask, Rabby, WalletConnect, etc). No email signup or KYC verification required.
Bridge USDC from Arbitrum using the deposit function. Once funds arrive, the 4% fee discount applies to every trade you make.
Estimated savings based on monthly trading volume:
| Monthly Volume | Monthly Savings | Yearly Savings | Profile |
|---|---|---|---|
| $100K | $10 | $120 | Occasional |
| $500K | $50 | $600 | Regular |
| $2M | $200 | $2,400 | Active |
| $10M | $1,000 | $12,000 | High Volume |
Calculations assume mixed maker/taker orders at standard fee rates with 4% discount.Open detailed calculator →
Fees and features vs Binance and Bybit
Compare trading fees across major perpetual futures exchanges
| Feature | Hyperliquid | Binance Futures | Bybit |
|---|---|---|---|
| Maker Fee | 0.015% | 0.02% | 0.02% |
| Taker Fee | 0.045% | 0.04% | 0.055% |
| With Referral Code | 4% discount (AWD) | 10% discount | 10% discount |
| Maker Fee (after discount) | 0.0144% | 0.018% | 0.018% |
| Taker Fee (after discount) | 0.0432% | 0.036% | 0.0495% |
| Funding Rate Interval | 1 hour | 8 hours | 8 hours |
| Withdrawal Fees | Gas only (~$1) | Varies by chain | Varies by chain |
DEX means no KYC and you keep your keys. CEX means more pairs and higher leverage.
| Feature | Hyperliquid | Binance | Bybit |
|---|---|---|---|
| Exchange Type | DEX (Decentralized) | CEX (Centralized) | CEX (Centralized) |
| KYC Required | |||
| Self-Custody | |||
| Trading Pairs | 200+ perpetuals | 300+ perpetuals | 400+ perpetuals |
| Max Leverage | Up to 50x | Up to 125x | Up to 100x |
| Settlement Currency | USDC | USDT/USDC | USDT/USDC |
| Order Book | On-chain | Off-chain | Off-chain |
| Native Token | HYPE | BNB | None |
| Staking Rewards | |||
| Vault Strategies |
All Hyperliquid referral codes give the same 4% discount - that is the maximum the protocol allows. So why does it matter which code you use? Because the code must be applied before your first trade, and you cannot change it later. If a code is invalid or expired, you lose your discount permanently for that wallet.
Code AWD has been active and verified working since 2023. We check it daily to make sure it still works. Some referral codes shared on Reddit or Twitter are from inactive accounts and may not apply the discount correctly. AWD is maintained by an active Hyperliquid user who keeps the referral active.
The 4% discount applies to both maker fees (0.015% → 0.0144%) and taker fees (0.045% → 0.0432%) for your first $25 million in trading volume. After $25M, you likely qualify for higher volume-based fee tiers that offer even larger discounts. The referral and volume discounts work together, so there is no reason not to use a code.
All information on this site is sourced from Hyperliquid's official documentation and on-chain data.
Common issues and solutions:
Referral codes only work for first-time registrations. If you've already traded on Hyperliquid, the code won't apply. The only workaround is to use a different wallet address.
The correct URL format is app.hyperliquid.xyz/join/AWD. Other formats like adding the code manually after registration will not work.
Some privacy extensions (uBlock, Brave Shields) may strip referral parameters. Try temporarily disabling them or use a different browser.
From people actually using the platform
“I've been trading on Hyperliquid for 6 months now, doing around $500K monthly volume. The 4% fee discount saves me about $50/month. Not life-changing, but it adds up — that's $600/year just for using a referral link when signing up.”
“Switched from dYdX to Hyperliquid last year. The execution speed is noticeably faster, and fees are lower even without the referral discount. With AWD code, my effective taker fee is 0.0432% vs 0.05% on dYdX.”
“I use Hyperliquid primarily for funding rate arbitrage. The hourly funding payments and low fees make it perfect for this strategy. Made back my trading fees many times over from funding alone.”
Testimonials are from real traders who consented to share their experience. Names and handles are used with permission. Trading results vary and past performance does not guarantee future results. Volume claims can be verified on Hyperliquid's public leaderboard.
Funding rates, fee calculator, how-to guides.
Funding rates for 200+ markets. Updated every hour.
Enter your volume, see your fees with and without the referral discount.
How to trade, how vaults work, funding rate farming.
Stake HYPE, pick a validator, earn rewards.
Move USDC from Arbitrum to Hyperliquid. Takes a few minutes.
All 7 fee tiers explained, plus staking discounts and referral savings
HYPE supply, unlock schedule, what the token is for.
Common questions about Hyperliquid trading, fees, and how the referral code works.
Use code AWD for 4% off all trading fees. No signup required — just connect your wallet.