Head to head
the arrow points to the better figure| Hyperliquid | Perpl | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k | — |
| $1,121 | BTC trade, $1M | — |
| $39.8M | BTC book depth | — |
| 0.045%/0.015% | Taker / maker▶ | 0.035%/0.005% |
| 40x | ◀Max leverage | 15x |
| Size | ||
| $8.25B | ◀Volume 24h | $20.3M |
| $6.96B | ◀Volume, 7-day average | $18.9M |
| $10.15Blongs + shorts | Open interest | $1.1Mone side |
| $6.34B | ◀TVL | $3.2M |
| Markets | ||
| 179 | ◀Markets | 11 |
| 164 | ◀Stocks & RWA | 0 |
| 1h | Funding paid every | 43m |
| +0.0100% | BTC funding /8h | +0.0223% |
| +0.722% | BTC longs paid, 30d | +0.728% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | Active |
Cost to trade BTC
| Size | Hyperliquid | Perpl |
|---|---|---|
| $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: 11
funding /8h · Net 7d at $10k| Asset | Hyperliquid | Perpl | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0223% | +0.0123% | — |
| ETH | −0.0015% | −0.0447% | +0.0432% | — |
| MON | +0.0100% | 0.0000% | +0.0100% | — |
| SOL | −0.0063% | +0.0447% | +0.0510% | — |
| ZEC | +0.0100% | 0.0000% | +0.0100% | — |
| HYPE | +0.0246% | +0.0335% | +0.0089% | — |
| PUMP | +0.0100% | +0.0447% | +0.0347% | — |
| VVV | +0.0100% | +0.0447% | +0.0347% | — |
| NEAR | +0.0100% | +0.0447% | +0.0347% | — |
| LIT | −0.0056% | −0.0112% | +0.0056% | — |
| UNI | +0.0100% | 0.0000% | +0.0100% | — |
Only on Hyperliquid: 168
XRP · XMR · ENA · DOGE · LINK · AAVE · PEPE · ZRO · WLD · BNB · XPL · SUI · TAO · 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 · PENGU · APT · and 108 more
Only on Perpl: 0
Questions
Which has more markets, Hyperliquid or Perpl?
Hyperliquid lists 179 active markets and Perpl 11; 11 assets trade on both.
Does Hyperliquid or Perpl require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Perpl: No ID; the app blocks the US, UK, Russia, Ukraine, Belarus and sanctioned countries.
Can you arbitrage funding between Hyperliquid and Perpl?
Not profitably right now: none of the 11 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or Perpl?
24-hour volume: Hyperliquid $8.25B, Perpl $20.3M. Open interest as each reports it: $10.15B and $1.1M. Hyperliquid reports open interest as longs plus shorts, both sides of every position; Perpl reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $6.34B and $3.2M.