Copying Hyperliquid Leaders on BitMEX involves two fee components: standard BitMEX trading fees on each replicated trade, and a profit share (set at 15%). You only pay the profit share when your copy trade generates a net profit. If you lose money, there is no profit to share with the copy leaders.
What Are the Two Fee Components for Hyperliquid Copy Trading?
Standard BitMEX trading fees are charged on each replicated trade. These are the same fees that apply to all trades on BitMEX such as your market or taker fee. The fee rate depends on your fee tier. View your fee structure here. BitMEX does not charge additional fees specifically for the copy trading feature.
Profit share is a percentage of your net profits that goes to the Copy Leader. For Hyperliquid Copy Trading, Copiers are required to pay a profit share of 15% for all Hyperliquid Leaders. You see this rate on their profile before you start copying.
The profit share only applies when your copy trade is profitable. If you lose money, you pay nothing to the leader. Profit share is calculated on net profit after all trading fees and funding fees are deducted.
For example, if you profit 1,000 USD copying a leader who charges 15% profit share, you pay 150 USD to the leader and keep 850 USD. If your copy trade results in a loss, you pay zero profit share.
How Is Net Profit Calculated for Profit Share?
Net profit is calculated as your gross trading profit minus all trading fees and funding fees. The profit share percentage is then applied to this net figure.
If your position makes a gross profit of 120 USD and you pay 0.50 USD in trading fees plus 12 USD in profit share (at a 10% rate), your net earnings are 107.50 USD.
Trading fees, funding fees, and slippage can cause differences between your PnL and the Hyperliquid Leader’s PnL. These are standard market effects and are not additional charges.