Looking for a working Hyperliquid referral code? Use code AWD at signup to receive a 4% discount on trading fees — applied automatically on every perps and spot trade. This guide covers exactly how the code works, how to activate it, the full Hyperliquid fee schedule, and how to stack the referral discount with HYPE staking for even lower fees.
Hyperliquid Referral Code (Quick Reference)
| Detail | Value |
| Code | AWD |
| Discount | 4% off trading fees |
| Referral Link | https://app.hyperliquid.xyz/join/AWD |
| Applies To | Perps + spot trading |
| Activation | Auto-applied at signup — before first trade |
What Is the Hyperliquid Referral Code?
Hyperliquid is a high-performance on-chain perpetuals and spot exchange running on its own purpose-built Layer 1 blockchain, powered by the HyperBFT consensus mechanism. Founded by Jeff Yan and the Hyperliquid Labs team, the platform has become one of the largest perpetual DEXs globally, with cumulative trading volume exceeding $1 trillion.
The Hyperliquid referral program gives new traders a 4% discount on all trading fees when they sign up with a valid referral code. Code AWD applies this maximum referral tier automatically — you don’t need to claim it or enter it manually on every trade. The discount is deducted at the protocol level on every fill across perps and spot.
How to Use Hyperliquid Referral Code “AWD”
- Visit the referral link: https://app.hyperliquid.xyz/join/AWD
- Connect your wallet (MetaMask, Rabby, WalletConnect, or any EVM-compatible wallet)
- Enable trading and deposit USDC on Arbitrum (or bridge from another chain)
- Code AWD is auto-applied — verify it under the Referrals tab in your account Settings
- Start trading — the 4% discount is deducted automatically on every fee
Important: Hyperliquid referral codes must be applied before your first trade. If you have already traded without a code, you cannot apply one retroactively.
Hyperliquid Fee Schedule (With and Without AWD)
Hyperliquid operates a tiered fee structure that decreases with 14-day trading volume. Spot volume counts double toward tier determination. The base tier (Tier 0) applies to most retail traders:
| Product | Base Taker | Base Maker | With AWD (−4%) |
| Perpetuals | 0.045% | 0.015% | 0.0432% taker / 0.0144% maker |
| Spot | 0.070% | 0.040% | 0.0672% taker / 0.0384% maker |
Higher-volume traders progress through 7 fee tiers, reaching as low as 0.024% taker / 0% maker on perps at Tier 6 ($7B+ volume). The AWD referral discount applies at every tier.
Stack the Referral Discount With HYPE Staking
Hyperliquid allows you to combine the referral discount with additional discounts from staking HYPE, the platform’s native token. Staking tiers range from 5% to 40% off fees — and this applies on top of your AWD referral discount:
| Tier | HYPE Staked | Fee Discount |
| Wood | >10 HYPE | 5% |
| Bronze | >100 HYPE | 10% |
| Silver | >1,000 HYPE | 15% |
| Gold | >10,000 HYPE | 20% |
| Platinum | >100,000 HYPE | 30% |
| Diamond | >500,000 HYPE | 40% |
Combining code AWD (4% off) with Silver tier HYPE staking (15% off) gives a cumulative fee reduction on the base rate. For active traders, this stacking mechanic is one of the most efficient ways to minimize costs on Hyperliquid.
What Does the Discount Apply To?
The 4% Hyperliquid fee discount applies to:
- Perpetual futures trading fees (maker + taker)
- Spot trading fees (maker + taker)
The discount does not apply to:
- Vault deposits or withdrawals
- Sub-account activity
Hyperliquid vs Other Perp DEXs
Here’s how Hyperliquid’s fee structure with the AWD referral code compares to competing perpetual exchanges:
| Exchange | Base Taker Fee | Referral Discount | Chain / Infrastructure |
| Hyperliquid (AWD) | 0.045% | 4% off fees | Own L1 (HyperBFT) |
| GMX | 0.06% (swap) + funding | 10% off fees (code PRO) | Arbitrum / Avalanche |
| dYdX v4 | 0.05% | Varies | Cosmos L1 |
| Aster | 0.035% | Varies | BNB Chain |
Hyperliquid stands out for its combination of on-chain transparency, deep liquidity on major pairs, and the ability to stack referral and staking discounts for maximum fee efficiency. Traders also using GMX can pair this with the GMX referral code for a 10% fee discount on that platform.
Is Hyperliquid Safe to Use?
Yes. Hyperliquid runs on its own purpose-built L1 using HyperBFT consensus, is fully on-chain, and non-custodial — you trade directly from your own wallet and Hyperliquid never holds your funds. The protocol has processed over $1 trillion in cumulative volume and ranks among the largest perp DEXs by open interest. All order matching, settlements, and liquidations happen on-chain with full transparency.
Hyperliquid Referral Code FAQ
Does Hyperliquid have a referral code?
Yes. Hyperliquid runs an official referral program. Use code AWD at signup for the maximum 4% fee discount on every perps and spot trade.
What is the best Hyperliquid referral code?
All valid codes give the same 4% discount per Hyperliquid’s official documentation. AWD delivers the maximum available referral discount — no code gives more than 4%.
Can I change my Hyperliquid referral code later?
No. You must apply a code before your first trade. Codes cannot be added retroactively once you have traded without one.
Is the Hyperliquid referral code AWD free?
Yes. The 4% discount costs nothing — it’s deducted automatically from every trading fee on perps and spot.
Can I stack the referral discount with HYPE staking?
Yes. The AWD referral discount stacks with the HYPE staking discount (5% to 40% off depending on tier), giving active traders significantly lower fees than the base rate.
Does Hyperliquid require KYC?
No. Hyperliquid is fully on-chain and non-custodial. You trade directly from your own wallet with no identity verification required.
What wallets work with Hyperliquid?
Any EVM-compatible wallet including MetaMask, Rabby, WalletConnect, Coinbase Wallet, and hardware wallets like Ledger and Trezor.
How much can I save with the AWD code?
Savings scale directly with your volume. At a 0.045% base taker fee, the 4% discount saves $18 per $1M in notional volume on perps — more when combined with HYPE staking or volume-tier discounts.
Where do I enter the referral code?
The easiest method is signing up via the referral link directly. Alternatively, go to Settings → Referrals and enter AWD before placing any trades.
What are the best referral codes for other perp DEXs?
Most major perpetual exchanges offer referral programs similar to Hyperliquid’s. For traders also using GMX, see our GMX referral code guide for the maximum 10% fee discount with code PRO.
Final Thoughts
If you’re trading on Hyperliquid without a referral code, you’re paying 4% more on every fee than you need to. Combined with HYPE staking discounts, active traders can cut their effective fees substantially. Apply code AWD at https://app.hyperliquid.xyz/join/AWD before your first trade to lock in the maximum available referral discount from day one. Also trading on GMX? Check our GMX referral code guide for a 10% fee discount with code PRO.
