Hyperliquid vs Derive
Head to head
the arrow points to the better figure| Hyperliquid | Derive | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k | — |
| $1,121 | BTC trade, $1M | — |
| $39.8M | BTC book depth | — |
| 0.045%/0.015% | Taker / maker▶ | 0.030%/0.010% |
| 40x | ◀Max leverage | 15x |
| Size | ||
| $8.17B | ◀Volume 24h | — |
| $6.96B | Volume, 7-day average | — |
| $10.11Blongs + shorts | Open interest | $84.6Mone side |
| $6.34B | ◀TVL | $295K |
| Markets | ||
| 179 | ◀Markets | 15 |
| 164 | ◀Stocks & RWA | 0 |
| 1h | Funding paid every | — |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.722% | BTC longs paid, 30d | +0.212% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | — |
On both: 0
funding /8h · Net 7d at $10kOnly on Hyperliquid: 179
BTC · ETH · HYPE · ZEC · SOL · XRP · NEAR · XMR · LIT · PUMP · ENA · UNI · DOGE · LINK · VVV · AAVE · PEPE · ZRO · WLD · BNB · XPL · SUI · MON · TAO · PAXG · 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 · and 119 more
Only on Derive: 0
Questions
Which has more markets, Hyperliquid or Derive?
Hyperliquid lists 179 active markets and Derive 15; 0 assets trade on both.
Does Hyperliquid or Derive require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Derive: No ID, the account is created by your first deposit; not for US persons, Australian tax residents, Ontario or sanctioned countries.
Can you arbitrage funding between Hyperliquid and Derive?
Not profitably right now: none of the 0 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or Derive?
24-hour volume: Hyperliquid $8.17B, Derive {vb}. Open interest as each reports it: $10.11B and $84.6M. Hyperliquid reports open interest as longs plus shorts, both sides of every position; Derive reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $6.34B and $295K.