Hyperliquid vs SoDEX
Hyperliquid traded 33× SoDEX's 24-hour volume ($8.25B vs $246.6M) and holds 35× its open interest.
Head to head
the arrow points to the better figure| Hyperliquid | SoDEX | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k▶ | $8.13 |
| $1,121 | BTC trade, $1M≈ | $1,041 |
| $39.8M | ◀BTC book depth | $1.5M |
| 0.045%/0.015% | Taker / maker▶ | 0.040%/0.012% |
| 40x | Max leverage≈ | 40x |
| Size | ||
| $8.25B | ◀Volume 24h | $246.6M |
| $6.96B | ◀Volume, 7-day average | $259.5M |
| $10.15B | ◀Open interest | $290.9M |
| $6.34B | ◀TVL | $64.9M |
| Markets | ||
| 179 | ◀Markets | 98 |
| 164 | ◀Stocks & RWA | 44 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.722% | BTC longs paid, 30d | +0.579% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | — |
Cost to trade BTC
| Size | Hyperliquid | SoDEX |
|---|---|---|
| $1k | $0.919.1 bp | $0.818.1 bp |
| $10k | $9.139.1 bp | $8.138.1 bp |
| $100k | $91.329.1 bp | $82.278.2 bp |
| $1M | $1,12111.2 bp | $1,04110.4 bp |
| $5M | $6,85813.7 bp | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 49
funding /8h · Net 7d at $10k| Asset | Hyperliquid | SoDEX | Spread | Net 7d |
|---|---|---|---|---|
| ETH | −0.0015% | +0.0100% | +0.0115% | −$15 |
| BTC | +0.0100% | +0.0100% | 0.0000% | −$17 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$35 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$34 |
| SOL | −0.0063% | +0.0019% | +0.0083% | −$17 |
| DOGE | −0.0007% | +0.0100% | +0.0107% | −$21 |
| HYPE | +0.0246% | +0.0100% | +0.0146% | −$10 |
| SUI | −0.0074% | −0.0069% | +0.0005% | −$28 |
| TRUMP | −0.0228% | +0.0100% | +0.0328% | −$26 |
| ONDO | −0.0260% | +0.0100% | +0.0360% | −$36 |
| BNB | +0.0100% | +0.0100% | 0.0000% | — |
| LTC | +0.0100% | +0.0100% | 0.0000% | — |
| LIT | −0.0056% | +0.0019% | +0.0075% | −$43 |
| ARB | −0.0265% | −0.0037% | +0.0228% | −$29 |
| ETC | +0.0100% | +0.0100% | — | — |
| WLFI | +0.0100% | +0.0100% | — | — |
| PONS | +0.0100% | +0.0100% | 0.0000% | — |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$17 |
| BONK | +0.0100% | +0.0100% | — | — |
| AVAX | +0.0100% | +0.0100% | — | — |
Only on Hyperliquid: 130 (+41 via HIP-3)
VVV · ZRO · TAO · PAXG · STRK · AERO · GRASS · GRAM · CRV · PURR · USELESS · ETHFI · PENDLE · LDO · MEGA · CHIP · JUP · TIA · FET · CC · INJ · DOT · POL · MNT · ATOM · SYRUP · SPX · IMX · SKY · CFX · ALGO · W · RENDER · SEI · ICP · NIL · MET · LINEA · EIGEN · RUNE · JTO · PYTH · ENS · MINA · SAGA · ZK · HMSTR · KAS · STBL · CAKE · INIT · STX · APEX · DYDX · AVNT · POPCAT · REZ · KAITO · GOAT · IOTA · and 70 more
Questions
Is Hyperliquid or SoDEX cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.13 on Hyperliquid and $8.13 on SoDEX right now, taker fee and order-book slippage together, so SoDEX is cheaper. Taker fees: 0.045% and 0.04%.
Which has more markets, Hyperliquid or SoDEX?
Hyperliquid lists 179 active markets and SoDEX 98; 49 assets trade on both.
Does Hyperliquid or SoDEX require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. SoDEX: No ID; not for the US, China, Singapore, the UK, Russia or FATF high-risk countries, VPNs forbidden.
Can you arbitrage funding between Hyperliquid and SoDEX?
Not profitably right now: none of the 49 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or SoDEX?
24-hour volume: Hyperliquid $8.25B, SoDEX $246.6M. Open interest as each reports it: $10.15B and $290.9M. TVL: $6.34B and $64.9M.