Head to head
the arrow points to the better figure| Hyperliquid | Arcus | |
|---|---|---|
| Trading | ||
| $9.12 | BTC trade, $10k▶ | $4.51 |
| $1,006 | BTC trade, $1M▶ | $679 |
| $52.6M | ◀BTC book depth | $3.4M |
| 0.045%/0.015% | Taker / maker▶ | 0.022%/0.000% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $9.45B | ◀Volume 24h | $614.6M |
| $5.56B | ◀Volume, 7-day average | $460.8M |
| $11.85Blongs + shorts | Open interest | $73.6Mone side |
| $7.07B | ◀TVL | $43.8M |
| Markets | ||
| 178 | ◀Markets | 60 |
| 157 | ◀Stocks & RWA | 36 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.753% | BTC longs paid, 30d | — |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | Active |
Cost to trade ETH
| Size | Hyperliquid | Arcus |
|---|---|---|
| $1k | $0.949.4 bp | $0.454.5 bp |
| $10k | $9.949.9 bp | $4.714.7 bp |
| $100k | $11111.1 bp | $51.995.2 bp |
| $1M | $1,26012.6 bp | $8818.8 bp |
| $5M | $7,41614.8 bp | — |
NEAR funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 24
funding /8h · Net 7d at $10k| Asset | Hyperliquid | Arcus | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$15 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$12 |
| SOL | +0.0076% | +0.0100% | +0.0024% | −$14 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$8 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$3 |
| NEAR | +0.0100% | +0.0378% | +0.0278% | −$10 |
| ENA | +0.0100% | +0.0394% | +0.0294% | −$7 |
| LIT | +0.0100% | +0.0241% | +0.0141% | −$10 |
| FARTCOIN | +0.0133% | +0.0858% | +0.0726% | +$11 |
| CASHCAT | +0.0100% | +0.1748% | +0.1648% | +$57 |
| BNB | −0.0125% | +0.0100% | +0.0225% | −$17 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$17 |
| LINK | −0.0004% | +0.0100% | +0.0104% | −$16 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$20 |
| PONS | +0.0100% | +0.0100% | 0.0000% | −$39 |
| TAO | +0.0100% | +0.0100% | 0.0000% | −$17 |
| XRP | +0.0060% | +0.0100% | +0.0040% | −$19 |
| SUI | +0.0100% | +0.0100% | 0.0000% | −$30 |
| DOGE | 0.0000% | +0.0100% | +0.0100% | −$5 |
| AAVE | +0.0100% | +0.0100% | 0.0000% | −$19 |
Only on Hyperliquid: 154 (+30 via HIP-3)
VVV · ZRO · XMR · WLD · XPL · ONDO · MON · ADA · AVAX · LTC · AERO · GRASS · GRAM · STRK · PEPE · ASTER · PAXG · CRV · ARB · XLM · JUP · ETHFI · TRX · PURR · FET · HBAR · LDO · TRUMP · CHIP · PENDLE · MET · BONK · W · FIL · SYRUP · BCH · TIA · MORPHO · VIRTUAL · NIL · SKY · MEGA · INJ · POL · SPX · CC · MNT · WIF · DOT · IMX · JTO · BSV · BOME · SEI · ALGO · APT · ICP · ETC · CFX · DASH · and 94 more
Questions
Is Hyperliquid or Arcus cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.12 on Hyperliquid and $4.51 on Arcus right now, taker fee and order-book slippage together, so Arcus is cheaper. Taker fees: 0.045% and 0.0225%.
Which has more markets, Hyperliquid or Arcus?
Hyperliquid lists 178 active markets and Arcus 60; 24 assets trade on both.
Does Hyperliquid or Arcus require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Arcus: No ID; not available in the US, Canada, the UK or sanctioned regions.
Can you arbitrage funding between Hyperliquid and Arcus?
Yes: 2 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 CASHCAT, long on Hyperliquid and short on Arcus, with $57 left after costs.
Which is bigger, Hyperliquid or Arcus?
24-hour volume: Hyperliquid $9.45B, Arcus $614.6M. Open interest as each reports it: $11.85B and $73.6M. Hyperliquid reports open interest as longs plus shorts, both sides of every position; Arcus reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $7.07B and $43.8M.