MetaMask Reviews
Perpetual trading inside the MetaMask wallet, executed through Hyperliquid: convenient, but with a markup on the trading fee.
MetaMask Rating
Our Opinion
MetaMask brought perpetual trading into its own wallet and took it out of beta in April 2026. Execution is not handled by MetaMask but by Hyperliquid in the background, so users trade on the largest perpetual order book without leaving the wallet and without a separate account.
Convenience carries a clearly stated price: MetaMask charges an openly disclosed builder fee of 0.1% on top of Hyperliquid's own fee, which starts at 0.015% maker and 0.045% taker. Trading directly on Hyperliquid is therefore markedly cheaper; what you give up is one-click access from inside the wallet.
Access is blocked in the US, the UK, Ontario and Belgium. The platform holds no EU authorisation; perpetuals sit outside MiCA in any case, and tax reporting rests entirely with the user. The route makes sense for users already working inside MetaMask who value convenience over the last few basis points.
Pros & Cons
- Perpetual trading without leaving the MetaMask wallet
- Execution through the Hyperliquid order book
- Fee openly disclosed, no hidden spread
- One-click funding from various EVM chains
- Self-custody, no KYC
- 0.1% builder fee on top of the executing order book's own fee
- Trading directly on Hyperliquid is noticeably cheaper
- No EU authorisation
- Blocked in several countries including the US and the UK
Costs & Discounts
MetaMask Perps routes every order to Hyperliquid. The rates MetaMask lists in its help centre include Hyperliquid's fee and MetaMask's markup, and they apply when you open and when you close a position.
| Transaction | Cost at MetaMask Perps |
|---|---|
| Taker order, e.g. a market order | 0.1432% |
| Maker order, e.g. a limit order that does not fill immediately | 0.1144% |
| Breakdown, calculated | Hyperliquid entry tier after a 4% referral discount (0.0432% taker, 0.0144% maker) plus 0.1% MetaMask |
| Deposit, from USD 10 | no MetaMask fee; network and bridge fees depend on the chain |
| Withdrawal as USDC on Arbitrum | flat USD 1, charged by Hyperliquid |
| Example: open and close USD 1,000 with a market order | USD 2.86, directly on Hyperliquid at tier 0: USD 0.90 |
How to save: Limit orders cost 0.1144% instead of 0.1432%. If you trade larger amounts regularly, trading directly on Hyperliquid costs just under a third at the entry tier; all tiers are in our Hyperliquid review. We compare other decentralised derivatives exchanges in our perp DEX comparison.
As of 22 October 2026 according to the MetaMask help centre, How to trade perps.
User Experiences
AI AnalysisOur AI collects and analyzes user reviews of MetaMask from the web and summarizes the key findings.
The main advantage is skipping account opening and bridge transfers: existing MetaMask users can start without registration. The perpetuals interface is deliberately leaner than a full futures terminal, which eases entry but limits advanced functionality. As of October 2026.
Editorial assessment based on publicly documented provider information and independent industry sources. As of October 2026. Perpetual contracts are leveraged products carrying a high risk of loss. This comparison is not investment or tax advice. All information without guarantee.
Features
Highlights
- Out of beta since April 2026
- One-click funding from any EVM chain
- Transparently disclosed additional fee
- Leverage up to 40x on Bitcoin
Tradeable Assets
- Perpetual contracts via the connected order book
- Stablecoin collateral
Trading Options
- Market and limit orders
- Stop-loss and take-profit
- Partial position closes
- Leverage up to 40x on Bitcoin
About MetaMask
Compare MetaMask
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