Hyperliquid vs Aftermath Perps
Hyperliquid traded 641× Aftermath Perps's 24-hour volume ($8.17B vs $12.7M).
Head to head
the arrow points to the better figure| Hyperliquid | Aftermath Perps | |
|---|---|---|
| Trading | ||
| $9.13 | ◀BTC trade, $10k | $28.11 |
| $1,121 | BTC trade, $1M | — |
| $39.8M | ◀BTC book depth | $332K |
| 0.045%/0.015% | Taker / maker≈ | 0.045%/-0.005% |
| 40x | ◀Max leverage | 25x |
| Size | ||
| $8.17B | ◀Volume 24h | $12.7M |
| $6.96B | ◀Volume, 7-day average | $9.3M |
| $10.11Blongs + shorts | Open interest | $646Kone side |
| $6.34B | TVL | — |
| Markets | ||
| 179 | ◀Markets | 65 |
| 164 | ◀Stocks & RWA | 32 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0846% |
| +0.722% | BTC longs paid, 30d | +4.225% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | — |
Cost to trade BTC
| Size | Hyperliquid | Aftermath Perps |
|---|---|---|
| $1k | $0.919.1 bp | $2.0220.2 bp |
| $10k | $9.139.1 bp | $28.1128.1 bp |
| $100k | $91.329.1 bp | $40740.7 bp |
| $1M | $1,12111.2 bp | — |
| $5M | $6,85813.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 19
funding /8h · Net 7d at $10k| Asset | Hyperliquid | Aftermath Perps | Spread | Net 7d |
|---|---|---|---|---|
| SUI | −0.0058% | +0.0345% | +0.0406% | −$5 |
| BTC | +0.0100% | +0.0846% | +0.0749% | −$4 |
| ETH | −0.0030% | +0.0929% | +0.0967% | −$12 |
| SOL | −0.0095% | +0.1063% | +0.1168% | −$16 |
| XRP | +0.0100% | +0.0319% | +0.0215% | +$14 |
| ZEC | +0.0100% | −0.0332% | +0.0437% | −$108 |
| BNB | +0.0100% | +0.0050% | +0.0068% | −$69 |
| HYPE | +0.0132% | +0.0670% | +0.0524% | −$4 |
| XMR | +0.0765% | +0.0427% | +0.0368% | −$111 |
| NEAR | +0.0100% | +0.1482% | +0.1390% | −$28 |
| LTC | +0.0100% | −0.0035% | +0.0134% | −$82 |
| PUMP | +0.0100% | +0.0679% | +0.0578% | — |
| UNI | +0.0100% | +0.1070% | +0.0980% | −$7 |
| LIT | +0.0024% | −0.0427% | +0.0446% | −$113 |
| SPX | +0.0100% | +0.0417% | +0.0321% | — |
| MON | +0.0100% | +0.0047% | +0.0036% | −$132 |
| WLD | −0.0846% | −0.0418% | +0.0424% | −$18 |
| CRV | −0.0131% | +0.0303% | +0.0451% | −$36 |
| CHIP | +0.0024% | +0.0127% | +0.0125% | −$82 |
Only on Hyperliquid: 160 (+24 via HIP-3)
ENA · DOGE · LINK · VVV · AAVE · PEPE · ZRO · XPL · TAO · PAXG · ADA · STRK · AERO · ASTER · GRASS · CASHCAT · GRAM · FARTCOIN · ONDO · WLFI · AVAX · TRX · TRUMP · ARB · PURR · PONS · USELESS · XLM · HBAR · ETHFI · PENDLE · LDO · MEGA · BCH · BONK · JUP · TIA · FET · FIL · CC · INJ · MORPHO · DOT · POL · VIRTUAL · MNT · ATOM · WIF · SYRUP · OP · PENGU · APT · IMX · SKY · SHIB · CFX · ALGO · W · RENDER · SEI · and 100 more
Questions
Is Hyperliquid or Aftermath Perps cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.13 on Hyperliquid and $28.11 on Aftermath Perps right now, taker fee and order-book slippage together, so Hyperliquid is cheaper. Taker fees: 0.045% and 0.045%.
Which has more markets, Hyperliquid or Aftermath Perps?
Hyperliquid lists 179 active markets and Aftermath Perps 65; 19 assets trade on both.
Does Hyperliquid or Aftermath Perps require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Aftermath Perps: No ID; not for sanctioned countries, and the operator may geo-block parts of the service.
Can you arbitrage funding between Hyperliquid and Aftermath Perps?
Yes: 1 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was XRP, long on Hyperliquid and short on Aftermath Perps, with $14 left after costs.
Which is bigger, Hyperliquid or Aftermath Perps?
24-hour volume: Hyperliquid $8.17B, Aftermath Perps $12.7M. Open interest as each reports it: $10.11B and $646K. Hyperliquid reports open interest as longs plus shorts, both sides of every position; Aftermath Perps reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $6.34B and none published.