Head to head
the arrow points to the better figure| Hyperliquid | GRVT | |
|---|---|---|
| Trading | ||
| $9.12 | BTC trade, $10k≈ | $9.01 |
| $970 | BTC trade, $1M≈ | $1,062 |
| $5.9M | ◀BTC book depth | $4.6M |
| 0.045%/0.015% | Taker / maker≈ | 0.045%/0.000% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $2.18B | ◀Volume 24h | $397.6M |
| $6.05B | ◀Volume, 7-day average | $480.8M |
| $12.80Blongs + shorts | Open interest | $475.2Mone side |
| $7.12B | ◀TVL | $34.2M |
| Markets | ||
| 178 | Markets≈ | 184 |
| 151 | ◀Stocks & RWA | 105 |
| 1h | Funding paid every | 4h or 8h |
| +0.0067% | BTC funding /8h | +0.0100% |
| +0.707% | BTC longs paid, 30d | +0.703% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | $GRVT |
| Season 2 | Airdrop | Active |
Cost to trade BTC
| Size | Hyperliquid | GRVT |
|---|---|---|
| $1k | $0.919.1 bp | $0.909.0 bp |
| $10k | $9.129.1 bp | $9.019.0 bp |
| $100k | $91.719.2 bp | $90.429.0 bp |
| $1M | $9709.7 bp | $1,06210.6 bp |
| $5M | $5,60611.2 bp | — |
ZEC 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 | +0.0067% | +0.0100% | +0.0033% | −$12 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$18 |
| SOL | +0.0028% | +0.0100% | +0.0072% | −$15 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$13 |
| BNB | +0.0100% | +0.0278% | +0.0178% | −$30 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$25 |
| JUP | +0.0100% | +0.0100% | 0.0000% | −$42 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$64 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$33 |
| PAXG | +0.0100% | +0.0100% | 0.0000% | −$25 |
| POL | +0.0100% | +0.0100% | 0.0000% | −$85 |
| XRP | +0.0100% | +0.0054% | +0.0046% | −$12 |
| LIT | +0.0100% | +0.0100% | 0.0000% | −$54 |
| MON | +0.0163% | +0.0100% | +0.0063% | −$63 |
| ATOM | +0.0100% | +0.0100% | 0.0000% | −$41 |
| VIRTUAL | +0.0100% | +0.0100% | 0.0000% | −$65 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$44 |
| PENDLE | +0.0100% | +0.0100% | 0.0000% | −$57 |
| LINK | +0.0100% | −0.0028% | +0.0128% | −$13 |
| ICP | +0.0100% | +0.0100% | 0.0000% | −$48 |
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 · APT · ETC · ALGO · MET · BOME · 0G · AR · MINA · DASH · RENDER · ENS · SHIB · 2Z · CAKE · DYDX · KAS · APEX · RUNE · STBL · APE · REZ · MELANIA · PYTH · AZTEC · STX · HMSTR · PNUT · GOAT · RESOLV · BLUR · BIO · ZORA · GRIFFAIN · 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 · BRKB · JPM · TQQQ · UBER · ONDS · BBX · ASTS · XAUT · DIS · KODEX200 · NAVER · AXTI · QNTX · GS · CRM · WMT · SAMSUNGEM · LGELECTRONICS · NVO · HANMI · HD · SQQQ · CSCO · STXX
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 $2.18B, GRVT $397.6M. Open interest as each reports it: $12.80B and $475.2M. 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.