Head to head
the arrow points to the better figure| Hyperliquid | GRVT | |
|---|---|---|
| Trading | ||
| $9.12 | BTC trade, $10k≈ | $9.01 |
| $1,031 | BTC trade, $1M≈ | $1,054 |
| $43.1M | ◀BTC book depth | $4.0M |
| 0.045%/0.015% | Taker / maker≈ | 0.045%/0.000% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $2.03B | ◀Volume 24h | $428.8M |
| $6.05B | ◀Volume, 7-day average | $480.8M |
| $12.81Blongs + shorts | Open interest | $474.6Mone side |
| $7.12B | ◀TVL | $34.2M |
| Markets | ||
| 178 | Markets≈ | 184 |
| 151 | ◀Stocks & RWA | 105 |
| 1h | Funding paid every | 4h or 8h |
| +0.0075% | 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 | $11011.0 bp | $10110.1 bp |
| $1M | $1,56815.7 bp | $1,65916.6 bp |
| $5M | $15,35630.7 bp | — |
ETH funding per day
pair pageSize
daily, last 30 daysVolume by asset class
last 30 daysOn both: 65
funding /8h · Net 7d at $10k| Asset | Hyperliquid | GRVT | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0075% | +0.0100% | +0.0025% | −$12 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$19 |
| SOL | +0.0051% | +0.0098% | +0.0047% | −$15 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$14 |
| BNB | +0.0100% | +0.0333% | +0.0233% | −$29 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$24 |
| JUP | +0.0100% | +0.0100% | 0.0000% | −$44 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$64 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$30 |
| PAXG | +0.0094% | +0.0100% | +0.0006% | −$26 |
| POL | +0.0100% | −0.0002% | +0.0102% | −$4 |
| XRP | +0.0100% | +0.0058% | +0.0042% | −$14 |
| LIT | +0.0100% | +0.0100% | 0.0000% | −$54 |
| MON | +0.0545% | +0.0100% | +0.0445% | −$69 |
| ATOM | +0.0100% | +0.0100% | 0.0000% | −$54 |
| VIRTUAL | +0.0100% | +0.0100% | 0.0000% | −$70 |
| PENDLE | +0.0100% | +0.0100% | 0.0000% | −$75 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$33 |
| LINK | +0.0100% | +0.0034% | +0.0066% | −$12 |
| ICP | +0.0100% | +0.0100% | 0.0000% | −$58 |
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 · SKY · SPX · 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 · MELANIA · REZ · 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 · BARD · SAHARA · PAYP · BASED · LA · RIVER · FLNC · SPACEX · V · UVXY · BRKB · TQQQ · JPM · UBER · ONDS · BBX · DIS · CRM · AXTI · WMT · HD · XAUT · GS · NVO · CSCO · QNTX · ASTS · SAMSUNGEM · KODEX200 · NAVER · SQQQ · HANMI · 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 $9.01 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 $2.03B, GRVT $428.8M. Open interest as each reports it: $12.81B and $474.6M. 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.