The total cost of a Legend trade can include the underlying venue’s execution fee, a builder fee, funding, and any charges specific to the service you use. Check the current order estimate and product documentation; a single maker/taker rate does not describe every workflow.
Which charges should I check?
| Charge | Where to check |
|---|---|
| Venue execution fee | Hyperliquid’s fee schedule and your applicable account tier |
| Builder fee | The order estimate and the documentation for the Legend feature you use |
| Copy-trader profit share | The rate displayed before starting an allocation |
| Funding | The live market’s funding display |
| Transfer or activation costs | The relevant deposit, withdrawal, or copy setup confirmation |
Legend’s copy-trading documentation explains its builder fee, optional trader profit share, and possible wallet activation charge. Check that documentation for current rates rather than treating a venue fee as the complete cost of copying.
Are limit orders always cheaper?
A limit order can execute as a taker if it crosses available liquidity. It is not automatically a maker order. The applicable fee depends on how the fill executes and the relevant schedule.
How often does Hyperliquid funding apply?
Hyperliquid’s funding documentation specifies hourly payments. Funding is separate from the execution fee and may be a payment or receipt depending on your position and the rate.
Are fees based on my deposit or my position?
For the notional-based fees discussed here, use executed position value, not just collateral. Opening and closing are separate executions. The Hyperliquid fee guide provides a worked round-trip example, including the distinction between a percentage of collateral and a percentage of exposure.