hyperliquid promo code, and what it actually gives you

Use NEWBONUS and you pay 0.045% of notional to open on Hyperliquid, which is 4 per cent less than you pay without it. The referral reaches your account by code, it gives a confirmed benefit, it leaves your 40x ceiling exactly where it was, and your loss still stops at the isolated margin.

what the Hyperliquid referral gives you

You get a term Hyperliquid publishes itself, quoted word for word rather than paraphrased, because a paraphrase of a commercial term is where the money quietly goes missing. Whatever it moves, your opening rate on the Hyperliquid schedule is 0.045% of notional and your ceiling is 40x.

Quoted from Hyperliquid: “4 per cent discount on trading fees for the first $25M of volume” (Hyperliquid referral documentation)

Open Hyperliquid with codeNEWBONUS

whether it is confirmed, and when it was checked

What you can rely on is narrower than it looks. The term was checked against Hyperliquid documentation on 28 August 2026, the next review falls due by 28 November 2026, and confirmed here means only that Hyperliquid publishes the term and quotes it back to you, with no account funded to watch the credit arrive.

what you pay hyperliquid to open

You pay 0.045% of notional to open on Hyperliquid, and the referral takes 4 per cent off that rate, so what you get is a multiplier on the fee rather than a credit on the account. At 10x on a $100 margin your fee falls from $0.45 to $0.43, and because the base is notional your saving scales with the leverage level rather than sitting flat.

Opening cost on a $100 margin, computed from the Hyperliquid schedule at 0.045% of notional. Carry is excluded, and where a rate varies by asset class each class is listed separately.

whether you are eligible for it

You have one moment to get this right: Hyperliquid reads the NEWBONUS code you type when the account is created, and there is no second chance at it afterwards. Whether you are allowed to open one at all cannot be verified, because Hyperliquid names no restricted jurisdictions and states no identity requirement anywhere it can be read, so your eligibility for the arrangement is unverifiable for the same reason.

what NEWBONUS will not do for you

Hyperliquid will not treat you any differently because of it. NEWBONUS does not raise your ceiling above 40x, does not widen your room to liquidation at any leverage level, and does not move your loss cap off the isolated margin. At 40x a $100 margin on Hyperliquid controls $4,000 and your distance to liquidation is 1.250%, with or without the arrangement. It leaves the funding untouched as well, which costs you every hour, capped at 4% per hour, interest component 0.00125% per hour on Hyperliquid.

The leverage level you pick moves more of your money than any code does. On 11 of 18 markets, 10x was the highest Hyperliquid multiplier whose room to liquidation covered every session move except the worst 1 in 20, against a ceiling of 40x. Go above it and your position ends at the isolated margin, which costs you $100 on the worked ticket, or 49 times anything a code takes off your opening fee.

That multiplier is the highest Hyperliquid rung whose distance to liquidation exceeded the 95th-percentile adverse excursion over rolling sessions, taking the worse of the long and short side, across 18 markets.

the two decisions worth more to you than NEWBONUS

Where you open and how hard you push it are worth more to you than any code. Opening on Hyperliquid moves from $0.43 at 10x to $1.73 at 40x on the same $100 margin, and across the venues that price 10x at all the spread is $0.88. The Hyperliquid discount gives you $0.02 back on that opening, roughly one part in 49 of the venue spread you could have chosen instead.

the Hyperliquid terms that hold whatever you do

Open a $100 margin at 10x on Hyperliquid and you pay $0.43, your ceiling is 40x, your loss stops at the isolated margin and the rate you are charged to hold is published. Those four terms decide how your position ends, and each of them is written out in full on the Hyperliquid review beside the document it came from.

The liquidation rule behind your loss cap is a maintenance requirement of 1.25% of notional on Hyperliquid, with its worked thresholds on the review page. Read that before you use NEWBONUS rather than after, because the room it leaves you at 40x is the term that ends your position on Hyperliquid.

Open Hyperliquid with codeNEWBONUS

MarketMoves earns a commission when a reader opens an account through a link on this page. It costs the reader nothing and does not change the figures shown. Venue registry 2026-08-28a, reviewed through 2026-11-28. Every cost here is an opening cost, and Hyperliquid charges that separately, so none of these figures contains the cost of holding a position open.

Figures on this page were rebuilt 2026-08-28 by the MarketMoves editorial desk, from the sources named in the methodology. Nothing here is a forecast, and none of it is advice.