Hyperliquid vs Bullet
Hyperliquid traded 558× Bullet's 24-hour volume ($8.25B vs $14.8M) and holds 2424× its open interest.
Head to head
the arrow points to the better figure| Hyperliquid | Bullet | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k▶ | $3.69 |
| $1,121 | ◀BTC trade, $1M | $21,991 |
| $39.8M | ◀BTC book depth | $1.6M |
| 0.045%/0.015% | Taker / maker▶ | 0.000%/0.000% |
| 40x | ◀Max leverage | 20x |
| Size | ||
| $8.25B | ◀Volume 24h | $14.8M |
| $6.96B | ◀Volume, 7-day average | $28.0M |
| $10.15B | ◀Open interest | $4.2M |
| $6.34B | TVL | — |
| Markets | ||
| 179 | ◀Markets | 30 |
| 164 | ◀Stocks & RWA | 14 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.722% | BTC longs paid, 30d | +0.392% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | Active |
Cost to trade BTC
| Size | Hyperliquid | Bullet |
|---|---|---|
| $1k | $0.919.1 bp | $0.222.2 bp |
| $10k | $9.139.1 bp | $3.693.7 bp |
| $100k | $91.329.1 bp | $12312.3 bp |
| $1M | $1,12111.2 bp | $21,991219.9 bp |
| $5M | $6,85813.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 15
funding /8h · Net 7d at $10k| Asset | Hyperliquid | Bullet | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$12 |
| SOL | −0.0063% | −0.0153% | +0.0090% | −$10 |
| ETH | −0.0015% | +0.0056% | +0.0071% | −$20 |
| LIT | −0.0056% | −0.0873% | +0.0818% | +$51 |
| HYPE | +0.0246% | +0.0100% | +0.0146% | +$8 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$25 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$28 |
| XRP | +0.0100% | +0.0100% | 0.0000% | −$18 |
| UNI | +0.0100% | +0.0100% | 0.0000% | — |
| DOGE | −0.0007% | +0.0100% | +0.0107% | −$18 |
| PUMP | +0.0100% | +0.0070% | +0.0030% | — |
| ONDO | −0.0260% | −0.0084% | — | — |
| TAO | +0.0002% | +0.0099% | — | — |
| TIA | +0.0063% | −0.0445% | — | — |
| ENA | +0.0100% | +0.0100% | 0.0000% | — |
Only on Hyperliquid: 164 (+12 via HIP-3)
XMR · LINK · VVV · AAVE · PEPE · ZRO · WLD · BNB · XPL · SUI · MON · PAXG · ADA · STRK · AERO · ASTER · GRASS · CASHCAT · GRAM · LTC · FARTCOIN · WLFI · AVAX · TRX · TRUMP · ARB · CRV · PURR · PONS · USELESS · XLM · HBAR · ETHFI · PENDLE · LDO · MEGA · CHIP · BCH · BONK · JUP · FET · FIL · CC · INJ · DOT · MORPHO · POL · VIRTUAL · MNT · ATOM · WIF · SYRUP · SPX · OP · PENGU · APT · IMX · SKY · SHIB · CFX · and 104 more
Questions
Is Hyperliquid or Bullet cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.13 on Hyperliquid and $3.69 on Bullet right now, taker fee and order-book slippage together, so Bullet is cheaper. Taker fees: 0.045% and 0%.
Which has more markets, Hyperliquid or Bullet?
Hyperliquid lists 179 active markets and Bullet 30; 15 assets trade on both.
Does Hyperliquid or Bullet require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Bullet: No ID (the terms keep a right to ask); not for US or Singapore residents or sanctioned countries.
Can you arbitrage funding between Hyperliquid and Bullet?
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 LIT, long on Bullet and short on Hyperliquid, with $51 left after costs.
Which is bigger, Hyperliquid or Bullet?
24-hour volume: Hyperliquid $8.25B, Bullet $14.8M. Open interest as each reports it: $10.15B and $4.2M. TVL: $6.34B and none published.