Fees

Paragon follows the HIP-3 fee structure on Hyperliquid. All fees are transparent with no hidden costs.

Trading Fees

Paragon markets follow Hyperliquid's standard fee schedule. Fees are charged per trade based on whether you add or remove liquidity (maker vs taker), with reduced rates for high-volume traders.

→ Hyperliquid Fee Schedule

Fee Distribution

Under HIP-3, trading fees are split between the protocol and the underlying infrastructure.

Recipient	Share
Paragon Protocol	50%
Hyperliquid	50%

Funding Rates

Perpetual futures use funding rates to keep prices aligned with the underlying index. Funding is exchanged between long and short positions at regular intervals.

Condition	Who pays
Positive funding (perp > index)	Longs pay shorts
Negative funding (perp < index)	Shorts pay longs

Each market sets a funding multiplier that scales its funding rate — values below 1 dampen funding relative to the raw basis. Per-market values are listed in the market specifications; the underlying funding mechanism follows Hyperliquid's.

For equities, the multiplier is set so perpetual carry tracks how the underlying is financed in traditional markets — nearer to short-term benchmark rates such as SOFR plus a modest spread than to crypto's higher baseline. It also softens funding during weekends and off-hours, when the underlying is not trading.

Current funding rates are displayed on the trading interface.

→ Hyperliquid Funding Rates

No Hidden Fees

Fee Type	Cost
Deposits	Free
Withdrawals	Free
Account maintenance	Free
Inactivity	Free

The only costs are trading fees and funding rate payments.