Hyperliquid vs Katana Perps
Hyperliquid traded 108× Katana Perps's 24-hour volume ($8.25B vs $76.6M).
Head to head
the arrow points to the better figure| Hyperliquid | Katana Perps | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k | — |
| $1,121 | BTC trade, $1M | — |
| $39.8M | BTC book depth | — |
| 0.045%/0.015% | Taker / maker▶ | 0.019%/0.005% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $8.25B | ◀Volume 24h | $76.6M |
| $6.96B | ◀Volume, 7-day average | $44.0M |
| $10.15Blongs + shorts | Open interest | $553Kone side |
| $6.34B | ◀TVL | $1.3M |
| Markets | ||
| 179 | ◀Markets | 10 |
| 164 | ◀Stocks & RWA | 0 |
| 1h | Funding paid every | 8h |
| +0.0100% | BTC funding /8h | +0.0113% |
| +0.722% | BTC longs paid, 30d | +0.897% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | — |
Cost to trade BTC
| Size | Hyperliquid | Katana Perps |
|---|---|---|
| $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 pageOn both: 9
funding /8h · Net 7d at $10k| Asset | Hyperliquid | Katana Perps | Spread | Net 7d |
|---|---|---|---|---|
| ETH | −0.0015% | +0.0100% | +0.0115% | — |
| BTC | +0.0100% | +0.0113% | +0.0013% | — |
| SOL | −0.0063% | +0.0100% | +0.0163% | — |
| XRP | +0.0100% | +0.0100% | 0.0000% | — |
| HYPE | +0.0246% | +0.0100% | +0.0146% | — |
| ZEC | +0.0100% | +0.0100% | 0.0000% | — |
| TAO | +0.0002% | +0.0088% | +0.0087% | — |
| DOGE | −0.0007% | +0.0100% | — | — |
| PUMP | +0.0100% | +0.0074% | — | — |
Only on Hyperliquid: 170
NEAR · XMR · LIT · UNI · ENA · LINK · VVV · AAVE · PEPE · ZRO · WLD · BNB · XPL · SUI · MON · 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 · DOT · MORPHO · POL · VIRTUAL · MNT · ATOM · WIF · SYRUP · SPX · OP · and 110 more
Only on Katana Perps: 1
Questions
Which has more markets, Hyperliquid or Katana Perps?
Hyperliquid lists 179 active markets and Katana Perps 10; 9 assets trade on both.
Does Hyperliquid or Katana Perps require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Katana Perps: No ID, your wallet is the account; not for the US, Panama or sanctioned countries.
Can you arbitrage funding between Hyperliquid and Katana Perps?
Not profitably right now: none of the 9 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or Katana Perps?
24-hour volume: Hyperliquid $8.25B, Katana Perps $76.6M. Open interest as each reports it: $10.15B and $553K. Hyperliquid reports open interest as longs plus shorts, both sides of every position; Katana Perps reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $6.34B and $1.3M.