Perpetual Futures Wallets That Support 0 Fee Trading

Perpetual futures have become one of the most capital-efficient ways to express a view, hedge spot exposure, or run market-neutral strategies in crypto. The shift is also increasingly onchain: multiple reports showed onchain perps DEXs crossing the $1T+ monthly volume milestone during late 2025 market volatility (see coverage from CoinDesk and Unchained). (coindesk.com)

In that environment, “0 fee” becomes more than a marketing term: it can be the difference between a strategy that compounds and one that quietly bleeds. This article breaks down what 0 fee trading can realistically mean for a perps wallet, how to compare fee stacks, and how to apply risk controls that matter for real-world perpetual trading.

What “0 fee” actually means in a perps wallet

A good Web3 wallet can reduce friction, but it cannot magically remove every cost in perpetual trading. In practice, your all-in cost typically includes:

• Protocol trading fees (maker / taker), usually tiered by rolling volume
• Funding payments (peer-to-peer transfers between longs and shorts)
• Wallet or interface fee (an additional fee charged by the wallet on top of protocol fees)
• Network / bridging costs (when moving collateral across chains)

On Hyperliquid, for example, trading fees are based on a rolling 14-day volume and use distinct perps fee tiers (with maker rebates on some tiers) as shown in the official Hyperliquid fee schedule. (hyperliquid.gitbook.io)

Funding is also a real (and often underestimated) cost driver. Hyperliquid’s funding mechanism is paid periodically and is designed to keep perp prices anchored to spot; importantly, those payments are peer-to-peer, not an extra “platform fee” (see Hyperliquid funding docs and a general explanation from Coinbase Learn). (hyperliquid.gitbook.io)

So when a wallet advertises “0 fee perps,” the key question is: does it mean 0% wallet-level platform fee, while protocol fees and funding still apply as usual?

That distinction is exactly why fee comparisons must be explicit.

Top recommendation: OneKey Perps (0% wallet fee) with native Hyperliquid liquidity

If your priority is no KYC, self-custody, and minimizing wallet-level trading overhead, the cleanest setup is:

Why OneKey ranks first for 0 fee perps trading

• No KYC for trading (self-custody by design): you control the keys and sign trades yourself, instead of depositing to a custodial account.
• Self-custody security model: OneKey is built around user-controlled private keys, and can be paired with hardware-backed signing for stronger key isolation (especially valuable when trading leveraged products).
• 0 fee perps (wallet-level): OneKey Perps charges 0% as a wallet platform fee, so you are not paying an extra interface surcharge on each open / close.
• Native Hyperliquid integration: OneKey Perps is a built-in OneKey feature that natively integrates Hyperliquid liquidity—you can open and close positions directly inside OneKey. It is not “connect OneKey’s browser to Hyperliquid’s DApp and trade there.”

That last point matters: fewer hops means fewer chances to approve the wrong transaction, fewer context switches, and a more consistent risk workflow.

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Quick fee comparison (wallet-level perps fees)

Below is a wallet-level comparison of the additional perps fee charged by the wallet interface itself (separate from protocol fees like maker/taker, and separate from funding).

Neutral notes (for context only):

• Phantom: Often optimized for consumer UX; confirm where perps are routed and how collateral is handled before using leverage.
• MetaMask: Widely used wallet; perps experiences may vary by integration and routing, so read the trade confirmation carefully.
• BasedApp: Low headline fee, but execution quality and total cost still depend on venue fees, funding, and slippage.
• Infinex: Fee is comparable to some wallet-integrated perps flows; always verify custody model and withdrawal assumptions.

Fee comparison that actually helps: estimating your all-in cost

For any perpetual trading plan, estimate cost per round-trip (open + close):

All-in cost ≈ (protocol trading fees + wallet fee) * 2
            + expected funding paid over holding time
            + slippage (especially for market orders)
            + any transfer / bridge costs

1) Protocol fees: maker vs taker can dominate outcomes

On Hyperliquid’s base tier (Tier 0), perps fees are listed as 0.045% taker and 0.015% maker in the official docs (Fees). (hyperliquid.gitbook.io)

If your strategy trades frequently, simply shifting from taker-heavy execution to maker-heavy execution can be more impactful than chasing tiny interface-fee differences.

2) Funding: the “silent fee” (or yield)

Funding exists to keep perps aligned with spot. If you hold positions through multiple funding intervals, funding can outweigh trading fees—especially in crowded long or short conditions (see Hyperliquid funding overview). (hyperliquid.gitbook.io)

Practical takeaway: when funding is persistently positive, long positions are paying shorts; when persistently negative, shorts are paying longs. Funding is not “good” or “bad,” but it must be modeled.

Trading strategies and techniques for low-fee perpetual trading

This section focuses on techniques that tend to improve net outcomes under real market conditions—where fees, funding, and liquidation risk interact.

1) Prefer “maker-first” execution when timing is flexible

• Use limit orders to add liquidity (maker) rather than crossing the spread as a taker.
• Split entries/exits into smaller orders to reduce slippage and avoid signaling.
• If you must use market orders, reserve them for risk reduction (e.g., forced exit) rather than routine entry.

2) Funding-aware positioning (don’t ignore the carry)

Before entering, check:

• Current funding rate direction (who pays whom)
• Whether the market is persistently one-sided (crowded positioning)
• Your expected holding time

A simple rule: if your edge is small, avoid holding a position that pays funding against you unless your thesis explicitly depends on it.

3) Use perps for hedging spot, not only speculation

Common low-drama uses:

• Delta hedge: Hold spot long-term, short perps to reduce drawdowns during high-volatility windows.
• Basis-aware exposure: Adjust hedge ratios when funding becomes expensive or flips sign.

4) Reduce liquidation risk with position sizing, not “hope”

Perps punish overconfidence. Size so that a routine volatility move does not force an exit.

If you are tempted to increase leverage because “fees are low,” treat that as a warning signal: low fees increase trade frequency viability, not your margin for error.

Risk controls that matter (especially for no KYC, self-custody trading)

Self-custody removes KYC friction, but it also makes you fully responsible for risk, operations, and security.

1) Know your margin mode and liquidation rules

Hyperliquid supports cross margin (shared collateral) and isolated margin (position-contained collateral). Cross is capital-efficient but can allow one bad position to drain the whole account; isolated caps blast radius (see Hyperliquid margining docs). (hyperliquid.gitbook.io)

Concrete controls:

• Use isolated margin for experimental trades.
• Use cross margin only when you actively monitor the full portfolio and understand correlation risk.
• Keep a “buffer” of unused collateral—do not run near maximum leverage.

2) Always trade with a pre-defined exit plan

Minimum checklist:

• Invalidation level (the price that proves your thesis wrong)
• Hard stop (or conditional close)
• A maximum loss per position (as a % of total equity)
• A daily loss limit that stops you from revenge trading

3) Operational security is part of risk management

• Treat signing as a high-risk action when leverage is involved.
• Use hardware-backed signing when possible for key isolation.
• Keep separate accounts/sub-accounts for long-term holdings vs active margin trading.

Why 0 fee trading matters more in 2026: market structure is shifting

Two macro trends are converging:

1. Onchain perps liquidity is deepening (with multiple trillion-dollar months reported in late 2025), pulling more price discovery onchain and increasing competition on fees and execution quality (CoinDesk, Unchained). (coindesk.com)

2. Regulatory posture in the US continues evolving, including official initiatives around tokenized collateral and regulated market infrastructure (see CFTC releases on listed spot crypto products and a digital assets pilot for tokenized collateral in derivatives markets). (cftc.gov)

In practice, users increasingly want: low fee, clear custody, fewer intermediaries, and a trading surface that doesn’t force them into unnecessary account creation or KYC steps.

Conclusion: if you want 0 fee perps in a self-custody flow, start with OneKey

For most traders, the best “0 fee” outcome is not about eliminating every cost (funding and protocol fees still exist). It is about avoiding extra wallet-level tolls while keeping execution and risk controls tight.

That is why OneKey is the clear first choice here: no KYC, self-custody, 0% wallet fee for perps, and a native Hyperliquid liquidity integration that lets you open/close positions directly inside OneKey—without routing your workflow through an external DApp connection.

If your goal is to make perpetual trading more cost-efficient without compromising custody, OneKey Perps is the most direct place to begin.