Every tier, net of the lock-up
Each row is a staking tier. Fees saved is what the discount takes off your monthly fees; capital locked is the HYPE required at today's price; carrying cost is the return you give up on that capital after the staking yield offsets it; net is fees saved plus staking yield minus carrying cost. The tier with the best positive net is highlighted — bigger tiers are not always better.
| Tier | Capital locked | Fees saved/mo | Net/mo |
|---|
The tiers jump by 10×, the discount by a few points
This is the trap in every staking-for-discount scheme, and Hyperliquid's is a clean example. Each tier asks for ten times more HYPE than the last — 10, 100, 1,000, 10,000, 100,000, 500,000 — but the discount only climbs from 5% to 40%. So the marginal capital buys less and less discount as you go up. For a trader doing 50 million a month, the Silver tier at 1,000 HYPE often nets more than Gold, Platinum or Diamond, because the fee savings above Silver are tiny next to the extra millions you would have to lock. The one thing that softens the drag is that staked HYPE keeps earning native rewards while it discounts your fees, so its carrying cost is your opportunity rate minus the staking yield, not the full opportunity rate. What this calculator deliberately does not price is HYPE's own volatility — if the token drops 30% while you are locked, that loss buries any fee saving, which is why staking makes sense on HYPE you already wanted to hold, not on HYPE you buy for the discount. If you would rather not lock anything, compare the plain maker and taker cost across venues with the maker/taker savings calculator, see whether chasing a volume tier pays with the fee-tier break-even calculator, and if you build a front-end, price your own cut with the builder fee calculator.
The math
Your blended base fee rate is r = t · s + m · (1 − s), where t is the taker fee, m the maker fee and s the share of volume taken. A referral code multiplies the taker portion by 0.96. Your monthly fee before any staking discount is your volume V times that blended rate. For a tier with discount δ, the fees saved are V · rref · δ — the discount applies on top of the referral-adjusted rate, compounding rather than adding.
The capital locked is the tier's HYPE requirement times the HYPE price. Its carrying cost per month is that capital times your opportunity rate minus the staking APR, divided by twelve: Capital · (opp − APR) ÷ 12. The net monthly benefit of the tier is fees saved − carrying cost (the staking yield is already netted inside the carrying term). The calculator evaluates all six tiers and picks the one with the highest positive net; if none is positive, staking to discount fees loses money at your volume. All figures are gross of HYPE price risk, which is not modelled — a fall in the token can easily exceed any fee saving, so treat the discount as a return on HYPE you already hold rather than a reason to acquire it.