Hyperliquid vs QFEX
Hyperliquid traded 15× QFEX's 24-hour volume ($8.30B vs $540.2M) and holds 28× its open interest.
Head to head
the arrow points to the better figure| Hyperliquid | QFEX | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k | — |
| $1,128 | BTC trade, $1M | — |
| $23.3M | BTC book depth | — |
| 0.045%/0.015% | Taker / maker≈ | 0.050%/0.020% |
| 40x | ◀Max leverage | 30x |
| Size | ||
| $8.30B | ◀Volume 24h | $540.2M |
| $6.96B | ◀Volume, 7-day average | $400.0M |
| $10.15B | ◀Open interest | $356.2M |
| $6.34B | TVL | — |
| Markets | ||
| 179 | Markets▶ | 236 |
| 164 | Stocks & RWA▶ | 225 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | — |
| +0.722% | BTC longs paid, 30d | — |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | — |
Volume by asset class
last 90 daysOn both: 0
funding /8h · Net 7d at $10kOnly on Hyperliquid: 179 (+84 via HIP-3)
BTC · ETH · HYPE · ZEC · SOL · XRP · NEAR · XMR · LIT · PUMP · ENA · UNI · DOGE · LINK · VVV · AAVE · PEPE · ZRO · WLD · BNB · XPL · SUI · MON · TAO · PAXG · ADA · STRK · AERO · ASTER · GRASS · GRAM · CASHCAT · 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 · MORPHO · and 119 more
Only on QFEX: 141
NAS100 · NIKKEI · IBIT · RSP · BRKB · VLO · XLF · LMT · TMO · ABVX · NEM · GS · UNH · DLR · ZS · TAIEX · BUG · EQIX · RTX · ZBRA · DUOL · RVMD · CYPH · ILMN · WMT · AKAM · NU · BA · MXL · FXF · HUBS · NOC · SNOW · SOXS · NVO · LULU · JPM · JBL · CRM · BITU · MCD · CAT · XMTR · COPX · LSCC · CVNA · TJX · ZROZ · UVXY · HUT · HSAI · IMTX · NKE · TEM · MDT · PANW · UBER · ASST · HPE · GNRC · and 81 more
Questions
Which has more markets, Hyperliquid or QFEX?
Hyperliquid lists 179 active markets and QFEX 236; 0 assets trade on both.
Does Hyperliquid or QFEX require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. QFEX: No KYC to trade; access is by invite code.
Can you arbitrage funding between Hyperliquid and QFEX?
Not profitably right now: none of the 0 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or QFEX?
24-hour volume: Hyperliquid $8.30B, QFEX $540.2M. Open interest as each reports it: $10.15B and $356.2M. TVL: $6.34B and none published.