MetaMask perps fees vs Hyperliquid
From October 8, 2026 to October 14, 2026, MetaMask sent $116.9M of Hyperliquid notional with its builder code and collected $116,910 in builder fees. That is an added fee of 10.00 bps, and 100% of the notional paid 10.0 bps. At the Hyperliquid base tier, a $10,000 taker order costs $14.50 through MetaMask and $4.50 directly, 222% more.
MetaMask lists a 0.1432% total taker fee on perps at its entry Rewards level. Compare it with a direct Hyperliquid order and the measured builder fee.
Measured fee, October 8, 2026 to October 14, 2026 (UTC)
| App | Added fee (bps) | Main rate | Taker total (bps) | Fee on $10,000 | Over direct | 7-day notional | 7-day builder fees | HIP-3 share |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid (direct) | 0.00 | No builder code | 4.50 | $4.50 | Base | — | — | — |
| MetaMask | 10.00 | 10.0 bps on 100% | 14.50 | $14.50 | +222% | $116.9M | $116,910 | 18% |
Compare 14 apps on the builder fee table, or model a full trade in the fee calculator.
Documented fees
Perps. MetaMask support states that its perps are powered by Hyperliquid. It lists total perps fees of 0.1432% taker and 0.1144% maker at Rewards levels 1 to 3, with lower totals at higher levels.
Source: MetaMask support: how to trade perps (read 2026-09-23).
Measured check. If the 0.1432% total holds the Hyperliquid base taker fee of 0.045%, the MetaMask part is 0.0982%, or 9.82 bps. The measured builder fee of 10.00 bps is 0.18 bps higher.
Data note. The metamask.io perps page states that MetaMask does not take any fees on perps transactions. The support fee table lists totals above the Hyperliquid base fee, and the measured builder fee is above zero.
Source: MetaMask perps page, MetaMask support: how to trade perps (read 2026-09-23).
Custody, access and risk
MetaMask describes itself as a self-custodial (non-custodial) crypto wallet.
Source: MetaMask support: self-custodial wallet (read 2026-09-23).
MetaMask support states that perps are not available in the USA, the UK, Ontario (Canada), Belgium and countries on the USA sanctions list.
Source: MetaMask support: how to trade perps (read 2026-09-23).
For venues that state a perps service for US residents, see the Hyperliquid alternatives for US traders table.
Leverage increases losses as well as gains. A small price move against a leveraged position can cause liquidation.
Orders fill on Hyperliquid, so its market rules, oracle and liquidation engine apply. Read the Hyperliquid review for those risks.
Questions answered from the sources
How much does MetaMask add to a Hyperliquid perps trade?
In the builder fills for October 8, 2026 to October 14, 2026 (UTC), MetaMask added 10.00 bps to each fill.
At the Hyperliquid base tier, a $10,000 taker order costs $14.50 through MetaMask and $4.50 directly.
Source: Hyperliquid builder fills (read 2026-10-15).
What does MetaMask charge on perps?
MetaMask support lists total perps fees of 0.1432% for a taker order and 0.1144% for a maker order at Rewards levels 1 to 3.
Levels 4 to 7 have lower totals.
Source: MetaMask support: how to trade perps (read 2026-09-23).
Where are MetaMask perps available?
MetaMask support states that perps are not available in the USA, the UK, Ontario (Canada), Belgium and countries on the USA sanctions list.
Source: MetaMask support: how to trade perps (read 2026-09-23).
What leverage do MetaMask perps permit?
MetaMask support states up to 40x for BTC.
The metamask.io perps page states up to 50x on supported assets.
Source: MetaMask support: how to trade perps (read 2026-09-23).
Terms used on this page
- Builder fee
- A builder fee is the fee that a wallet or trading app adds to each Hyperliquid perps fill that it sends with a builder code. It is in addition to the Hyperliquid fee.
Cite this data
Use the page address and the date of the data. Attribute the data as "Data: PerpFinder" with a link to the page.
PerpFinder. "MetaMask perps fees vs Hyperliquid." Builder fills October 8, 2026 to October 14, 2026 (UTC). https://perpfinder.com/trading-apps/metamask-perps Builder fees of all measured apps (CSV): https://perpfinder.com/api/data/builder-fees?format=csv
Download: Builder fees of all measured apps (CSV)
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