Skip to main content
Hypernova uses a flat, transparent fee schedule. The maker rate is 0.00% on every market; taker rates differ by asset class. No tiers, no hidden surcharges, no payment-for-order-flow.

​
Trading Fees

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 for its asset class.
  • All market, stop-market, take-profit, and stop-loss orders are taker fills by definition.
Thoughtful limit-order placement can run at zero trading-fee cost. Aggressive execution costs 0.03% notional on crypto, 0.005% notional on TradFi (equities, commodities, indices, FX).

​
Worked Examples

​
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.
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

​
Frequently Asked

Maker is 0.00% across the board. Taker rates differ: 0.03% on crypto and 0.005% on TradFi (equity, commodity, index, and FX perpetuals).
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.
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.
On the fill price. A stop-market that triggers at $50,000 but fills at $50,050 (slippage) pays fees on $50,050 × size.
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.
Fees and funding rates are subject to change. The most current values are always shown on the order panel before you confirm a trade.