TOOL
Entropy Fee Calculator
Entropy is a HIP-3 venue on Hyperliquid, so your trade does not pay Hyperliquid's native rate. It pays double that, and then Growth Mode scales the result by 0.1. Enter your monthly volume, your maker/taker split and your HYPE stake, and the calculator walks that chain in the order it actually applies.
Estimate your effective trading fee
Volume on Entropy's own markets, io:ANTH and io:SNDK.
Your fee tier is computed across combined 14-day volume on spot, perps and HIP-3 markets, so trading elsewhere on Hyperliquid moves your Entropy rate too.
Market orders are taker; resting limit orders are maker (cheaper).
A Hyperliquid-wide discount, not an Entropy feature.
Live on both Entropy markets since August 19, 2026. It scales fees, rebates and volume contribution by 0.1. Entropy can switch it off, so treat it as a current condition rather than a committed rate.
Entropy quotes the entry tier as 25%, but against its own half of the fee, so it returns about 12.5% of what you actually pay. It cannot be added after signup.
Effective Blended Rate
0.0072%
0.0063% net of the rebate
Monthly Fee Cost
$15.75
$18.00 paid, $2.25 rebated
Your Fee Tier
Tier 0
0.009% taker · 0.003% maker
Staking Tier
None
no staking discount
Growth Mode Active
0.1x fees
Also scales your volume contribution to 0.1x, so tier progress is slower
Annual Referral Rebate
$27.00
Annual vs Published Rate
$1,971.00
Estimates only. Entropy charges 2x Hyperliquid's native perp rate, which is the HIP-3 default every deployer runs, then growth mode and any staking discount apply on top. Fee tier is derived from 14-day rolling volume, approximated here from your monthly figures. Excludes funding, the $1 Hyperliquid account activation, and withdrawal costs. Entropy has no spot market, so there is no spot input. Not financial advice.
What are Entropy's maker and taker fees?
Entropy's published base rate is 0.090% taker and 0.030% maker, which is Hyperliquid's native perp rate doubled. Entropy's docs state that fees on HIP-3 markets are 2x the standard validator-operated perp rate, with the protocol fee split evenly between Hyperliquid and the deployer. Both Entropy markets have Growth Mode enabled, which scales all fees, rebates and volume contribution by 0.1, so the effective base rate measured today is 0.0090% taker and 0.0030% maker. Hyperliquid volume tiers and HYPE staking discounts still apply on top, on the same basis as any other Hyperliquid market.
How the rate is built, step by step
Three numbers stack, in this order. Start from Hyperliquid's native perp rate for your volume tier. HIP-3 charges 2x that. Growth Mode then multiplies the result by 0.1. At base tier the chain runs 0.045% to 0.090% to 0.0090% on the taker side.
| Role | Hyperliquid native (base tier) | Entropy published (HIP-3, 2x) | With Growth Mode (0.1x) |
|---|---|---|---|
| Taker | 0.045% | 0.090% | 0.0090% |
| Maker | 0.015% | 0.030% | 0.0030% |
Growth Mode has been on for both Entropy markets since August 19, 2026 at 14:12 UTC. Entropy can switch it off, so the 0.0090% figure describes a current condition, not a committed rate. Full context in the Entropy fees guide and what HIP-3 actually is.
We checked the 0.0090% figure against reported fees
Entropy's own docs publish the 2x rule and the Growth Mode rule separately, and never state the effective rate its live markets run at. So we multiplied it out. Entropy's two markets did $66,194,725 of 24-hour notional; at 0.009% that implies $5,958 of fees. DefiLlama reported $5,982 for the same period, a ratio of 1.00x. So 0.009% is what these markets actually charged over that day, and the arithmetic holds up against an outside number.
Cheapest in the cohort today, not cheaper by design
0.030% maker and 0.090% taker is the HIP-3 default that every deployer on Hyperliquid inherits, and Growth Mode is a setting other deployers use too. trade.xyz runs it. So the defensible claim is that Entropy is the cheapest venue in its cohort at the moment, at 0.0091% measured all-in, and not that its fee model is structurally different from a competitor's. We compare the deployers side by side in HIP-3 deployers compared and Entropy vs trade.xyz.
Hyperliquid volume tiers (not an Entropy feature)
Your tier comes from Hyperliquid, and Entropy inherits it. Entropy's docs put it plainly: fee tier is computed across a user's combined 14-day weighted volume across spot, perps and HIP-3 perps. Crossing $5M drops the native taker rate from 0.045% to 0.040%; at $500M the native maker rate reaches 0%; the top tier at $7B pays 0.024% taker. The last column shows what each native rate becomes on Entropy today, after the HIP-3 2x and Growth Mode.
| Tier | 14-Day Volume | Native Taker | Native Maker | Entropy Taker Today |
|---|---|---|---|---|
| 0 (Base) | under $5M | 0.045% | 0.015% | 0.0090% |
| 1 | over $5M | 0.040% | 0.012% | 0.0080% |
| 2 | over $25M | 0.035% | 0.008% | 0.0070% |
| 3 | over $100M | 0.030% | 0.004% | 0.0060% |
| 4 | over $500M | 0.028% | 0.000% | 0.0056% |
| 5 | over $2B | 0.026% | 0.000% | 0.0052% |
| 6 | over $7B | 0.024% | 0.000% | 0.0048% |
Source: Hyperliquid's fee documentation. Entropy has no spot market, so nothing you do on Entropy contributes spot volume; spot volume you trade elsewhere on Hyperliquid still counts toward the shared tier.
Growth Mode also slows your tier progress
This part gets missed. Growth Mode scales volume contribution by 0.1 alongside fees and rebates, so $1M traded on Entropy adds about $100K to your 14-day weighted volume. Tier 1 opens above $5M of that weighted volume, which would take roughly $50M of Entropy notional inside a rolling fortnight. On Entropy volume alone the ladder is close to unreachable. The tiers move for most traders through volume they do elsewhere on Hyperliquid, which is why the calculator has a second volume input.
HYPE staking discounts (also Hyperliquid's)
Staking HYPE takes a percentage off whatever rate your volume tier gives you, from 5% at Wood (over 10 HYPE) to 40% at Diamond (over 500,000 HYPE). It is a percentage off the rate, not a flat reduction in basis points, and it applies to Entropy markets on the same basis as any other Hyperliquid market. The ladder has six rungs, running Wood to Diamond.
| Staking Tier | HYPE Staked | Fee Discount |
|---|---|---|
| Wood | over 10 | 5% |
| Bronze | over 100 | 10% |
| Silver | over 1,000 | 15% |
| Gold | over 10,000 | 20% |
| Platinum | over 100,000 | 30% |
| Diamond | over 500,000 | 40% |
What the referral rebate is actually worth
Entropy's referral tiers are quoted against Entropy's own share of the HIP-3 fee, which is about half of it, and not against the fee you pay. Entropy's own worked example: on $100 of total fees, roughly $50 goes to Hyperliquid and $50 to Entropy, so a 50% rebate returns $25. The entry tier headline of 25% therefore works out to roughly 12.5% of what you actually pay.
It is a rebate credited to your account, not a lower rate at the point of trade, and it is claimed manually from the referrals dashboard through a status ladder that includes a Held state Entropy controls off-chain. It covers Entropy-deployed markets only, meaning io:ANTH and io:SNDK, not the other markets aggregated on the same frontend. It cannot be attached after account creation, and a user who signs up with no code gets no automatic rebate. The mechanics are set out on our referral page.
Three worked cases
All three assume a 70% taker and 30% maker split, base tier, and Growth Mode on unless stated. Blended rate at base tier with no staking is 0.0072%.
Casual: $250K a month, no staking, rebate applied
- Effective taker / maker
- 0.0090% / 0.0030%
- Blended rate
- 0.0072%
- Monthly fee cost
- $18.00, less a $2.25 rebate
- Net rate after rebate
- 0.0063%
Active: $2M a month, Gold staking (10,000 HYPE), rebate applied
- Staking discount
- 20% off the rate
- Effective taker / maker
- 0.0072% / 0.0024%
- Monthly fee cost
- $115.20, less a $14.40 rebate
- 14-day tier contribution
- about $93K, still Tier 0
If Growth Mode were switched off: $2M a month, no staking
- Effective taker / maker
- 0.090% / 0.030%
- Blended rate
- 0.072%
- Monthly fee cost
- $1,440 against $144 today
- Difference
- $1,296 a month
Illustrative. Plug your own numbers into the calculator above for an exact result.
How this calculator works
The calculator applies each layer in the order it lands on a trade. It derives your volume tier from a 14-day rolling estimate (monthly volume scaled by 14/30, with Entropy volume contributing at 0.1x while Growth Mode is on), looks up that tier's native taker and maker rates, doubles them for HIP-3, applies your staking discount, then applies the Growth Mode scalar. The referral rebate is modeled at 12.5% of fees paid, which is the entry tier's 25% of Entropy's roughly half share.
Entropy has no spot market, so there is no spot input. The calculator excludes funding payments (Entropy takes no fee on those), the one-time $1 Hyperliquid account activation, and withdrawal costs. It also excludes the builder fee: the approval you sign to trade carries a maximum rate, while the rate Entropy currently has configured is 0, so nothing is charged today. Rates track our Entropy fees guide, sourced from Entropy's fee documentation and Hyperliquid's, both checked August 26, 2026. Our methodology covers how we maintain these figures.
Related Tools & Guides
- Entropy Fees Explained: every cost on the venue, including deposits and withdrawals
- HIP-3 Explained: why a builder-deployed market charges 2x the native rate
- HIP-3 Deployers Compared: where Entropy sits against the rest of the cohort
- Entropy vs trade.xyz: the closest venue, and it runs Growth Mode too
- Position Calculator: liquidation price, margin and P&L for a leveraged trade
- Volume Dashboard: live notional across every HIP-3 deployer
- Markets: what is tradable, and who deployed each one
Get a 25% Rebate on Every Trade
Sign up through our link and Entropy attaches its 25% referral benefit to your account automatically, paying back a share of every trade for as long as you trade. It can only be attached at signup and can never be added afterwards, so anyone who arrives without one pays the full rate permanently.
Claim Your 25% Rebate