Fees

Liminal operates with a simple and transparent fee model. The following sections break down how fees apply across strategy performance, execution, and cross-chain interactions.

Performance Fee & Builder Fee

At Liminal, our fee model is designed to align with user success and long-term sustainability. The fee structure is identical for both Regular and Institutional users.

We charge a 10% performance fee on your gross funding PnL, only when your portfolio is in net profit, after accounting for all execution-related costs, including Hyperliquid trading fees, builder fees, and spread. This ensures performance fees are only collected when you’re truly earning.

Additionally, a flat fee of 1 basis point is applied to every transaction. This covers operational overhead while allowing us to leverage Hyperliquid’s native builder fee infrastructure. The result: a more seamless and transparent experience for users.

These builder fees also help finance Liminal’s referral program, enabling us to redistribute a portion of protocol revenues back to the community.

By helping grow the network, you earn a share of the value you help create.

Deposit and Withdrawal Fees

Liminal does not charge any protocol fees for deposits or withdrawals on Hyperliquid or Arbitrum. However, when depositing via deBridge from Ethereum, Base, or BNB Chain, the following fees apply:

• deBridge Fees

  • Fixed Fee: Paid in the native token of the source chain (e.g., ETH, BNB).

  • Variable Fee: 0.04% of the deposit amount, deducted in USDC or USDT.

• Liminal Fee

  • 0.02% of the deposit amount, also deducted in USDC or USDT.

These fees are automatically deducted during the bridging process.

Withdrawals are always free of protocol fees and can be initiated at any time, with no delay or penalties from Liminal.

Supported Tokens per Chain

• HyperCore & Arbitrum: USDC

• Ethereum, Base, BNB Chain: USDC & USDT

• HyperEVM: USDT0

Strategy Execution Costs

All strategy-related operations, such as funding optimization, rebalancing, and execution, are:

• Handled automatically by Liminal's internal engine.

• Included within the net strategy performance.

The engine is continually optimized to reduce:

• Slippage

• Unnecessary rebalancing

• Inefficiencies in funding capture

Note: The "Your 30d APY" reflects gross funding returns, excluding all protocol and execution-related costs (such as performance fees, trading fees, and other execution-related costs.).

Referral and Staking-Based Fee Discounts

Liminal maximizes fee efficiency on Hyperliquid via automatic referral codes and native staking discounts.

Referral Integration

• All users are automatically assigned the "Liminal" referral code.

• Benefit: 4% discount on Hyperliquid trading fees, improving strategy performance.

Hyperliquid Staking Discounts

Users who stake HYPE on Hyperliquid benefit from trading fee discounts, determined by their Hyperliquid tier, distinct from Liminal’s own tier system.

• Discounts apply automatically based on your Hyperliquid account.

• Benefits apply to both spot and perpetual markets, depending on your 14-day trading volume.

Trading Fee Structure on Hyperliquid

Liminal strategies are executed on Hyperliquid and follow its native fee model, determined by:

• Your 14-day rolling trading volume (spot volume counts double).

• Your staking tier.

Typical taker fees range from 0.045% (base) to 0.024% (high-volume Diamond tier). Maker rebates are available for large maker volumes.

These fees are paid directly to Hyperliquid, not to Liminal.

Linking with External Staking Accounts

Hyperliquid allows a trading user to link with a staking user for fee discounts. Important notes:

• The staking user gains control of the trading account.

• Linking is permanent and cannot be undone.

• The staking user loses their personal fee benefits after linking.

We do not recommend this method unless both parties understand and agree to the implications.

Summary of Fees

Fee Type	Amount	Notes
Performance Fee	10% on net funding profits	Charged only if your portfolio is in profit
Builder Fee	1bps per transaction	Applies to all executions
Deposit Fee	0% (0.02% if bridged)	Only applies on deBridge routes
Withdrawal Fee	0%	No lockups or exit penalties
Institutional Access	Same as above	Self-custody preserved; no setup fees
Referral Discount	4% Hyperliquid fee rebate	Applied automatically
Staking discount	Up to 40% fee discount	Based on HYPE staked on Hyperliquid