Hyperliquid's fee schedule is one of the cleanest in crypto because there is nothing hidden behind it. Perpetuals start at 0.015% maker and 0.045% taker at the base tier and fall with 14-day volume to 0% maker and 0.024% taker at the top. Spot starts at 0.04% maker and 0.07% taker and falls to 0% and 0.025%. There is no gas per order, because the chain exists to run the order book, and funding on perpetuals is settled hourly rather than every eight hours. A share of fees flows to the HLP vault and to HYPE buybacks, which is how the protocol pays for itself without a spread.
Getting in and out is simple once you have the right asset. Depositing USDC from Arbitrum is free apart from the Arbitrum gas, with a 5 USDC minimum below which the deposit is not credited. Withdrawing back to Arbitrum costs a flat 1 USDC. What the schedule cannot tell you is the cost of the step before that: buying USDC with dollars and moving it to Arbitrum. That step happens at an on-ramp, an exchange or a bridge, and for a $500 position it is usually the largest fee in the whole chain.
Anytime Capital is priced for that step. Card orders start from 4% with the spread included, with the amount you pay and the crypto you receive shown before you confirm, and ACH, wire and cash are priced the same way, with USDC and Ethereum each on their own buy page. It is a buying fee, not a trading fee, and it is the one Hyperliquid cannot charge because it cannot take the dollars.