Hyperliquid vs Bulk
Hyperliquid traded 215× Bulk's 24-hour volume ($8.17B vs $38.1M) and holds 642× its open interest.
Head to head
the arrow points to the better figure| Hyperliquid | Bulk | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k▶ | $7.00 |
| $1,121 | ◀BTC trade, $1M | $1,390 |
| $39.8M | ◀BTC book depth | $1.9M |
| 0.045%/0.015% | Taker / maker▶ | 0.035%/0.000% |
| 40x | Max leverage≈ | 40x |
| Size | ||
| $8.17B | ◀Volume 24h | $38.1M |
| $6.96B | ◀Volume, 7-day average | $32.4M |
| $10.11B | ◀Open interest | $15.8M |
| $6.34B | ◀TVL | $7.0M |
| Markets | ||
| 179 | ◀Markets | 19 |
| 164 | ◀Stocks & RWA | 8 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.722% | BTC longs paid, 30d | +0.811% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | — |
Cost to trade BTC
| Size | Hyperliquid | Bulk |
|---|---|---|
| $1k | $0.919.1 bp | $0.707.0 bp |
| $10k | $9.139.1 bp | $7.007.0 bp |
| $100k | $91.329.1 bp | $79.568.0 bp |
| $1M | $1,12111.2 bp | $1,39013.9 bp |
| $5M | $6,85813.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 11
funding /8h · Net 7d at $10k| Asset | Hyperliquid | Bulk | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$22 |
| ETH | −0.0030% | +0.0097% | +0.0131% | −$30 |
| SOL | −0.0095% | +0.0100% | +0.0202% | −$30 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$27 |
| PAXG | +0.0100% | +0.0031% | +0.0069% | −$24 |
| HYPE | +0.0132% | +0.0100% | +0.0046% | +$3 |
| NEAR | +0.0100% | +0.0100% | +0.0004% | −$25 |
| LIT | +0.0024% | −0.0166% | +0.0184% | −$16 |
| XRP | +0.0100% | +0.0100% | 0.0000% | −$23 |
| MON | +0.0100% | −0.0363% | +0.0463% | −$9 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$29 |
Only on Hyperliquid: 168 (+7 via HIP-3)
XMR · ENA · UNI · DOGE · LINK · VVV · AAVE · PEPE · ZRO · WLD · BNB · XPL · SUI · TAO · ADA · STRK · AERO · ASTER · GRASS · CASHCAT · GRAM · LTC · FARTCOIN · ONDO · WLFI · AVAX · TRX · TRUMP · ARB · CRV · PURR · PONS · USELESS · XLM · HBAR · ETHFI · PENDLE · LDO · MEGA · CHIP · BCH · BONK · JUP · TIA · FET · FIL · CC · INJ · MORPHO · DOT · POL · VIRTUAL · MNT · ATOM · WIF · SYRUP · SPX · OP · PENGU · APT · and 108 more
Only on Bulk: 1
Questions
Is Hyperliquid or Bulk cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.13 on Hyperliquid and $7.00 on Bulk right now, taker fee and order-book slippage together, so Bulk is cheaper. Taker fees: 0.045% and 0.035%.
Which has more markets, Hyperliquid or Bulk?
Hyperliquid lists 179 active markets and Bulk 19; 11 assets trade on both.
Does Hyperliquid or Bulk require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Bulk: No ID (the terms keep a right to checks); barred: the US, UK, Ontario, Australia, Japan, South Korea, Singapore, UAE and several EU countries.
Can you arbitrage funding between Hyperliquid and Bulk?
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 HYPE, long on Bulk and short on Hyperliquid, with $3 left after costs.
Which is bigger, Hyperliquid or Bulk?
24-hour volume: Hyperliquid $8.17B, Bulk $38.1M. Open interest as each reports it: $10.11B and $15.8M. TVL: $6.34B and $7.0M.