Head to head
the arrow points to the better figure| Hyperliquid | GRVT | |
|---|---|---|
| Trading | ||
| $9.12 | BTC trade, $10k≈ | $9.29 |
| $971 | BTC trade, $1M≈ | $1,038 |
| $47.4M | ◀BTC book depth | $4.5M |
| 0.045%/0.015% | Taker / maker≈ | 0.045%/0.000% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $2.06B | ◀Volume 24h | $412.4M |
| $6.05B | ◀Volume, 7-day average | $480.8M |
| $12.80Blongs + shorts | Open interest | $474.1Mone side |
| $7.12B | ◀TVL | $34.2M |
| Markets | ||
| 178 | Markets≈ | 184 |
| 151 | ◀Stocks & RWA | 105 |
| 1h | Funding paid every | 4h or 8h |
| +0.0082% | BTC funding /8h | +0.0100% |
| +0.708% | BTC longs paid, 30d | +0.703% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | $GRVT |
| Season 2 | Airdrop | Active |
Cost to trade SOL
| Size | Hyperliquid | GRVT |
|---|---|---|
| $1k | $0.989.8 bp | $0.989.8 bp |
| $10k | $9.849.8 bp | $9.849.8 bp |
| $100k | $11111.1 bp | $10410.4 bp |
| $1M | $1,59516.0 bp | $1,81018.1 bp |
| $5M | $13,95727.9 bp | — |
ETH funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 65
funding /8h · Net 7d at $10k| Asset | Hyperliquid | GRVT | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0082% | +0.0100% | +0.0018% | −$13 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$19 |
| SOL | +0.0025% | +0.0100% | +0.0075% | −$15 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$14 |
| BNB | +0.0100% | +0.0316% | +0.0216% | −$30 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$25 |
| JUP | +0.0100% | +0.0100% | 0.0000% | −$45 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$64 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$36 |
| PAXG | +0.0100% | +0.0100% | 0.0000% | −$26 |
| POL | +0.0100% | +0.0034% | +0.0066% | −$12 |
| XRP | +0.0100% | +0.0056% | +0.0044% | −$13 |
| LIT | +0.0100% | +0.0100% | 0.0000% | −$73 |
| MON | +0.0732% | +0.0100% | +0.0632% | −$72 |
| ATOM | +0.0100% | +0.0100% | 0.0000% | −$51 |
| VIRTUAL | +0.0100% | +0.0100% | 0.0000% | −$63 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$30 |
| PENDLE | +0.0100% | +0.0100% | 0.0000% | −$58 |
| ICP | +0.0100% | +0.0100% | 0.0000% | −$60 |
| LINK | +0.0100% | +0.0007% | +0.0093% | −$14 |
Only on Hyperliquid: 113 (+76 via HIP-3)
ZRO · VVV · PONS · GRAM · GRASS · CASHCAT · AERO · PEPE · PURR · ETHFI · SAND · BONK · TRX · FET · CHIP · USELESS · SYRUP · INJ · SPX · SKY · NIL · TIA · MNT · JTO · IMX · ALGO · APT · ETC · MET · BOME · 0G · AR · MINA · DASH · RENDER · ENS · SHIB · 2Z · CAKE · DYDX · KAS · APEX · RUNE · STBL · APE · REZ · MELANIA · PYTH · AZTEC · HMSTR · STX · PNUT · GOAT · RESOLV · BLUR · GRIFFAIN · BIO · ZORA · BSV · IO · and 53 more
Only on GRVT: 43
H · KPEPE · KSHIB · KAIA · GRVT · QQQ · KBONK · GIGGLE · SPY · SAHARA · BARD · PAYP · BASED · LA · RIVER · FLNC · SPACEX · V · UVXY · JPM · BRKB · TQQQ · UBER · ONDS · BBX · DIS · NVO · CSCO · AXTI · KODEX200 · QNTX · HANMI · NAVER · SAMSUNGEM · XAUT · ASTS · HD · WMT · SQQQ · GS · CRM · STXX · LGELECTRONICS
Questions
Is Hyperliquid or GRVT cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.12 on Hyperliquid and $9.29 on GRVT right now, taker fee and order-book slippage together: about the same. Taker fees: 0.045% and 0.045%.
Which has more markets, Hyperliquid or GRVT?
Hyperliquid lists 178 active markets and GRVT 184; 65 assets trade on both.
Does Hyperliquid or GRVT require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. GRVT: No ID since Aug 2025 (AML reviews can still ask for documents); not for the US, Canada, Singapore, Hong Kong, Russia or sanctioned countries.
Can you arbitrage funding between Hyperliquid and GRVT?
Not profitably right now: none of the 65 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or GRVT?
24-hour volume: Hyperliquid $2.06B, GRVT $412.4M. Open interest as each reports it: $12.80B and $474.1M. Hyperliquid reports open interest as longs plus shorts, both sides of every position; GRVT reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $7.12B and $34.2M.