Trade.xyz Launches Prediction Market on Hyperliquid, Fee Structure Compared to Polymarket
- Trade.xyz officially deployed its prediction market product called 'Events' on Hyperliquid mainnet, becoming the third HIP-4 prediction market project in the ecosystem.
- Trade.xyz's Events uses Hyperliquid's Outcome Trading fee system with base rates of Taker 0.07% and Maker 0.04%, with potential reductions through tiered volume discounts and HYPE staking discounts up to 40%.
- Polymarket uses a dynamic fee formula C × feeRate × p × (1-p) where fees vary by market category (0% to 0.07%) and probability, resulting in significantly higher fees at 50% probability but lower fees as outcomes become more certain.
- At 50% probability for a $100 trade, Polymarket's fees can be 14-25 times higher than Trade.xyz's, but this gap narrows as probability approaches 0% or 100%.
- Polymarket charges no fees for Maker orders and provides 15-25% rebates, while Trade.xyz's Makers pay 0.04% base fee with no rebates.
Trade.xyz has officially launched its prediction market product 'Events' on the Hyperliquid mainnet, marking its entry as the third HIP-4 prediction market project in the ecosystem alongside Outcome.xyz and Skew Markets. The Events platform will cover sports, politics, economics, and financial markets, with plans to expand into additional categories. Initial events related to stocks, commodities, and Pre-IPO targets will leverage Trade.xyz's perpetual contracts liquidity on HIP-3 to ensure pricing is based on real market data rather than external oracles.
Trade.xyz's fee structure adopts Hyperliquid's Outcome Trading system with base rates of 0.07% for Takers and 0.04% for Makers. Users can reduce these rates through tiered volume discounts based on 14-day weighted trading volume, with potential reductions to 0.025% for Takers and 0% for Makers. Additionally, staking HYPE tokens provides up to a 40% fee discount. Notably, fees are charged only at position closure or final settlement, and Makers receive no additional rebates.
Polymarket employs a fundamentally different dynamic fee model where Makers pay no fees and receive 15-25% rebates, while Taker fees are calculated using the formula C × feeRate × p × (1-p), varying by market category and probability. For a $100 Taker trade at 50% probability, Polymarket's fees range from approximately $1 to $1.75 depending on market category, compared to Trade.xyz's $0.07—a 14-25x difference. However, as event probabilities move toward certainty, Polymarket's fees decline significantly; at 99% probability, a Finance category trade would cost only $0.04, potentially undercutting Trade.xyz's base rates.
The fee comparison reveals that Trade.xyz maintains a substantial advantage for early-stage events requiring frequent active Taker trades near 50% probability, while Polymarket's zero-fee Maker structure and dynamic fee reduction at extreme probabilities benefit different user strategies. The actual cost differential depends on trading behavior, event category, and current probability levels.
Trade.xyz在Hyperliquid推出预测市场，费用结构与Polymarket对比
Trade.xyz已在Hyperliquid主网正式推出预测市场产品"Events"，成为该生态中继Outcome.xyz和Skew Markets之后的第三个HIP-4预测市场项目。Events平台将涵盖体育、政治、经济和金融市场，并计划扩展至更多类别。与股票、商品和Pre-IPO相关的初期事件将利用Trade.xyz在HIP-3上的永续合约流动性，确保定价基于真实市场数据而非外部预言机。
Trade.xyz的费用结构采用Hyperliquid的结果交易系统，Taker基础费率为0.07%，Maker为0.04%。用户可通过基于14天加权交易量的分级折扣降低这些费率，Taker可降至0.025%，Maker可降至0%。此外，质押HYPE代币可获得最高40%的费用折扣。值得注意的是，费用仅在平仓或最终结算时收取，Maker不获得额外返利。
Polymarket采用根本不同的动态费用模式，Maker无需支付费用且获得15-25%返利，而Taker费用按公式C × feeRate × p × (1-p)计算，因市场类别和概率而异。对于50%概率下的100美元Taker交易，Polymarket的费用约为1至1.75美元（取决于市场类别），而Trade.xyz仅为0.07美元——相差14-25倍。然而，随着事件概率接近确定性，Polymarket的费用大幅下降；在99%概率时，金融类交易费用仅为0.04美元，可能低于Trade.xyz的基础费率。
费用对比表明，Trade.xyz在概率接近50%的早期事件中频繁进行主动Taker交易时具有显著优势，而Polymarket的零费用Maker结构和极端概率下的动态费用减少则惠及不同的用户策略。实际成本差异取决于交易行为、事件类别和当前概率水平。