Hyperliquid vs RISEx
Hyperliquid traded 48× RISEx's 24-hour volume ($8.17B vs $170.5M) and holds 133× its open interest.
Head to head
the arrow points to the better figure| Hyperliquid | RISEx | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k≈ | $8.36 |
| $1,121 | ◀BTC trade, $1M | $1,905 |
| $39.8M | ◀BTC book depth | $4.2M |
| 0.045%/0.015% | Taker / maker▶ | 0.030%/0.010% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $8.17B | ◀Volume 24h | $170.5M |
| $6.96B | ◀Volume, 7-day average | $182.7M |
| $10.11B | ◀Open interest | $75.7M |
| $6.34B | ◀TVL | $21.8M |
| Markets | ||
| 179 | ◀Markets | 50 |
| 164 | ◀Stocks & RWA | 26 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0796% |
| +0.722% | BTC longs paid, 30d | +0.824% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | — |
Cost to trade BTC
| Size | Hyperliquid | RISEx |
|---|---|---|
| $1k | $0.919.1 bp | $0.848.4 bp |
| $10k | $9.139.1 bp | $8.368.4 bp |
| $100k | $91.329.1 bp | $83.568.4 bp |
| $1M | $1,12111.2 bp | $1,90519.0 bp |
| $5M | $6,85813.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 24
funding /8h · Net 7d at $10k| Asset | Hyperliquid | RISEx | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0796% | +0.0696% | −$17 |
| ETH | −0.0030% | +0.1324% | +0.1355% | −$29 |
| HYPE | +0.0132% | +0.1611% | +0.1479% | −$18 |
| ZEC | +0.0100% | +0.2054% | +0.1954% | −$49 |
| SOL | −0.0095% | +0.0752% | +0.0848% | −$24 |
| XRP | +0.0100% | −0.0094% | +0.0194% | −$17 |
| BNB | +0.0100% | +0.0257% | +0.0157% | −$12 |
| XMR | +0.0765% | +0.1045% | +0.0280% | −$22 |
| LIT | +0.0024% | −0.0066% | +0.0090% | −$46 |
| NEAR | +0.0100% | +0.1097% | +0.0997% | −$14 |
| PUMP | +0.0100% | +0.0231% | +0.0131% | −$22 |
| ZRO | −0.0144% | +0.0112% | +0.0255% | −$28 |
| VVV | +0.0100% | −0.0096% | +0.0196% | −$68 |
| WLD | −0.0846% | −0.0322% | +0.0524% | −$22 |
| DOGE | −0.0060% | +0.0064% | +0.0123% | −$28 |
| AERO | +0.0100% | +0.0043% | +0.0057% | +$9 |
| ONDO | −0.0386% | −0.0123% | +0.0263% | −$18 |
| ENA | +0.0084% | +0.0079% | +0.0005% | −$49 |
| AAVE | +0.0100% | −0.0081% | +0.0181% | −$41 |
| TAO | −0.0059% | −0.0025% | +0.0034% | −$26 |
Only on Hyperliquid: 155 (+24 via HIP-3)
UNI · LINK · PEPE · XPL · SUI · PAXG · ADA · ASTER · GRASS · CASHCAT · GRAM · LTC · FARTCOIN · WLFI · AVAX · TRX · TRUMP · CRV · PURR · PONS · USELESS · XLM · HBAR · ETHFI · PENDLE · LDO · MEGA · BCH · BONK · JUP · TIA · FET · FIL · CC · INJ · MORPHO · DOT · POL · VIRTUAL · MNT · ATOM · WIF · SYRUP · SPX · OP · PENGU · APT · IMX · SKY · SHIB · CFX · ALGO · W · RENDER · SEI · ICP · DASH · NIL · ETC · MET · and 95 more
Questions
Is Hyperliquid or RISEx cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.13 on Hyperliquid and $8.36 on RISEx right now, taker fee and order-book slippage together: about the same. Taker fees: 0.045% and 0.03%.
Which has more markets, Hyperliquid or RISEx?
Hyperliquid lists 179 active markets and RISEx 50; 24 assets trade on both.
Does Hyperliquid or RISEx require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. RISEx: No ID, but mainnet is invite-only; the terms keep a right to KYC and bar the US, UK, Canada, Vietnam and 20 more countries.
Can you arbitrage funding between Hyperliquid and RISEx?
Yes: 1 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was AERO, long on RISEx and short on Hyperliquid, with $9 left after costs.
Which is bigger, Hyperliquid or RISEx?
24-hour volume: Hyperliquid $8.17B, RISEx $170.5M. Open interest as each reports it: $10.11B and $75.7M. TVL: $6.34B and $21.8M.