> For the complete documentation index, see [llms.txt](https://broker-docs.tiger.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://broker-docs.tiger.com/english-2/hyperliquid.md).

# Hyperliquid

Hyperliquid is an on-chain exchange for trading perpetual contracts with the liquidity and speed of centralized platforms, but without their limitations.

When you trade with Tiger.com Broker, you get a double benefit:

* **4% fee discount** from Hyperliquid
* **10% cashback** on exchange fees from Tiger.com

{% hint style="info" %}
Cashback is credited only for orders placed through the Tiger.com terminal, typically within 48 hours. It is calculated from the *trading fee* charged by the exchange. **The builder fee is not included in the cashback calculation.**
{% endhint %}

> **Calculation example:**
>
> Trading through the Tiger.com terminal, you paid a total fee of 6.0542:
>
> * exchange fee — 4.1186;
> * builder fee — 1.9356.
>
> The referral payout is calculated from the exchange fee only, excluding the builder fee:
>
> 4.1186 × 10% = approximately 0.4118
>
> The builder fee is not included in the referral payout base.

{% hint style="info" %}
We offer two options: trade directly through Tiger.com with **Hyperliquid via Tiger.com Broker**, or connect your existing wallet to the **Hyperliquid Affiliate** program.
{% endhint %}

## Hyperliquid: Tiger.com Broker account

Trade on Hyperliquid directly through Tiger.com — we open the account and create the wallet, and you just fund your balance and trade in the terminal.

* Tiger.com opens a Hyperliquid account for you.
* No wallet of your own, seed phrase or browser extensions are required.
* You fund your balance in your personal account, create an API key and trade in the terminal just like on a regular centralized exchange.
* You can withdraw funds at any time; withdrawals are confirmed with two-factor authentication.

Learn more:

{% content-ref url="/pages/5c299e20370e8d327135b3e93eec3ea5dcab0715" %}
[Hyperliquid via Tiger.com Broker](/english-2/hyperliquid/hyperliquid-via-tiger.com-broker.md)
{% endcontent-ref %}

## Hyperliquid Affiliate

Already using a crypto wallet? Create a Hyperliquid account through the Tiger.com referral link and connect it to the terminal. Learn more:

{% content-ref url="/pages/05e05866937c3d46f429440598b2acebc080038f" %}
[Hyperliquid Affiliate](/english-2/hyperliquid/hyperliquid-affiliate.md)
{% endcontent-ref %}


---

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