Hyperliquid vs GMX
Hyperliquid traded 120× GMX's 24-hour volume ($8.25B vs $68.5M) and holds 209× its open interest.
Head to head
the arrow points to the better figure| Hyperliquid | GMX | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k | — |
| $1,121 | BTC trade, $1M | — |
| $39.8M | BTC book depth | — |
| 0.045%/0.015% | ◀Taker / maker | 0.060%/0.040% |
| 40x | Max leverage▶ | 100x |
| Size | ||
| $8.25B | ◀Volume 24h | $68.5M |
| $6.96B | ◀Volume, 7-day average | $62.5M |
| $10.15B | ◀Open interest | $48.6M |
| $6.34B | ◀TVL | $203.8M |
| Markets | ||
| 179 | ◀Markets | 124 |
| 164 | ◀Stocks & RWA | 8 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | L +0.0192% / S −0.0170% |
| +0.722% | BTC longs paid, 30d | +1.294% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | $GMX |
| Season 2 | Airdrop | Not active |
Cost to trade BTC
| Size | Hyperliquid | GMX |
|---|---|---|
| $1k | $0.919.1 bp | — |
| $10k | $9.139.1 bp | — |
| $100k | $91.329.1 bp | — |
| $1M | $1,12111.2 bp | — |
| $5M | $6,85813.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 88
funding /8h · Net 7d at $10k| Asset | Hyperliquid | GMX | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | L +0.0192% / S −0.0170% | +0.0070% | — |
| ETH | −0.0015% | L +0.0225% / S −0.0204% | +0.0219% | — |
| SOL | −0.0063% | L +0.0129% / S −0.0122% | +0.0185% | — |
| LINK | +0.0100% | L +0.0192% / S −0.0146% | +0.0046% | — |
| SUI | −0.0074% | L +0.0487% / S −0.0191% | +0.0265% | — |
| XRP | +0.0100% | L +0.0336% / S −0.0214% | +0.0114% | — |
| ONDO | −0.0260% | L +0.0428% / S −0.0145% | +0.0404% | — |
| VVV | +0.0100% | L +0.0328% / S −0.0153% | +0.0053% | — |
| XMR | +0.0775% | L +0.0846% / S −0.0757% | −0.0018% | — |
| ZEC | +0.0100% | L −0.0140% / S +0.0167% | +0.0240% | — |
| ARB | −0.0265% | L +0.0074% / S +0.0018% | +0.0247% | — |
| DOGE | −0.0007% | L +0.0196% / S −0.0117% | +0.0124% | — |
| GMX | +0.0100% | L +0.0345% / S −0.0135% | +0.0035% | — |
| AVAX | +0.0100% | L +0.0368% / S −0.0084% | −0.0016% | — |
| HYPE | +0.0246% | L +0.0121% / S −0.0098% | +0.0125% | — |
| NEAR | +0.0100% | L +0.0384% / S −0.0052% | −0.0048% | — |
| ADA | +0.0100% | L +0.0535% / S −0.0248% | +0.0148% | — |
| TAO | +0.0002% | L +0.0330% / S −0.0184% | +0.0183% | — |
| AAVE | +0.0100% | L +0.0316% / S −0.0149% | +0.0049% | — |
| LIT | −0.0056% | L +0.0191% / S +0.0044% | +0.0012% | — |
Only on Hyperliquid: 91 (+6 via HIP-3)
PAXG · STRK · GRASS · CASHCAT · GRAM · PURR · PONS · USELESS · ETHFI · CHIP · BONK · IMX · CFX · W · NIL · ETC · RUNE · PYTH · ENS · MINA · SAGA · ZK · HMSTR · STBL · INIT · APEX · POPCAT · REZ · KAITO · GOAT · IOTA · GRIFFAIN · COMP · AZTEC · RESOLV · XTEN · MELANIA · PNUT · USUAL · BLUR · STABLE · SAND · ALT · SUPER · ZETA · HEMI · BSV · CELO · MERL · BIO · 2Z · IO · RSR · TRB · SNX · ZEN · BOME · GALA · MEME · NEO · and 31 more
Questions
Which has more markets, Hyperliquid or GMX?
Hyperliquid lists 179 active markets and GMX 124; 88 assets trade on both.
Does Hyperliquid or GMX require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. GMX: No ID.
Can you arbitrage funding between Hyperliquid and GMX?
Not profitably right now: none of the 88 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or GMX?
24-hour volume: Hyperliquid $8.25B, GMX $68.5M. Open interest as each reports it: $10.15B and $48.6M. TVL: $6.34B and $203.8M.