# No Cost Migration from Any Exchange

To celebrate launch, HyENA is turning the first 7 days of any user’s trading into a “fee-free migration window” for HyENA perps. 

During this period, new users trading USDe-margined perp positions on HyENA’s HIP-3 markets will be eligible for a trading fee rebate on new positions that are intended to be migrated from CEXs/DEXs. Rebates are sized to approximate the trading fees incurred from closing elsewhere and reopening on HyENA. Rebates are expected to be processed retroactively around one month after the end of each account’s 7-day fee-free migration window.

This promotion will last for two weeks.

This program is designed to offset the trading costs of rotating positions from other venues to HyENA, without requiring direct fee or position tracking on those venues. HyENA reserves the right, at its sole discretion, to reduce or deny rebates for users or strategies deemed to be gaming or abusing the program (including activity inconsistent with normal trading behavior).

To help existing Hyperliquid users transition to HyENA, the HyENA app also includes a Position Migrator for eligible positions. If your position qualifies, you’ll see a migration prompt, or you can click “Migrate Position” in the top-right of the HyENA interface.

Note: Users with existing positions that partially migrate may see maintenance margin decrease on Hypercore’s validator-operated perps (Hyperliquid’s main perps), which can reduce liquidation buffer. Please monitor validator-operated perps positions and margin accordingly.

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