Head to head
the arrow points to the better figure| Hyperliquid | TxFlow | |
|---|---|---|
| Trading | ||
| $9.12 | BTC trade, $10k≈ | $9.04 |
| $988 | BTC trade, $1M≈ | $977 |
| $43.9M | BTC book depth▶ | $1.07B |
| 0.045%/0.015% | Taker / maker≈ | 0.045%/0.015% |
| 40x | Max leverage▶ | 75x |
| Size | ||
| $4.63B | ◀Volume 24h | $121.4M |
| $5.72B | ◀Volume, 7-day average | $126.1M |
| $13.25Blongs + shorts | Open interest | $51.9Mone side |
| $7.14B | TVL | — |
| Markets | ||
| 178 | Markets▶ | 223 |
| 152 | ◀Stocks & RWA | 94 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | −0.0023% |
| +0.717% | BTC longs paid, 30d | — |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | Active |
Cost to trade ETH
| Size | Hyperliquid | TxFlow |
|---|---|---|
| $1k | $0.949.4 bp | $0.909.0 bp |
| $10k | $9.379.4 bp | $9.049.0 bp |
| $100k | $93.689.4 bp | $90.369.0 bp |
| $1M | $1,06510.6 bp | $1,09310.9 bp |
| $5M | $7,07214.1 bp | $7,24114.5 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 94
funding /8h · Net 7d at $10k| Asset | Hyperliquid | TxFlow | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | −0.0023% | +0.0123% | — |
| ETH | +0.0100% | +0.0011% | +0.0089% | — |
| ZEC | +0.0100% | +0.0100% | 0.0000% | — |
| HYPE | +0.0100% | +0.0100% | 0.0000% | — |
| SOL | +0.0047% | −0.0046% | +0.0093% | — |
| NEAR | +0.0130% | −0.0054% | +0.0184% | — |
| PUMP | +0.0100% | −0.0092% | +0.0192% | — |
| LTC | +0.0100% | −0.0129% | +0.0229% | — |
| FET | +0.0100% | +0.0100% | 0.0000% | — |
| XRP | +0.0100% | +0.0100% | 0.0000% | — |
| LIT | +0.0100% | +0.0100% | 0.0000% | — |
| POL | +0.0100% | −0.0333% | +0.0433% | — |
| JTO | +0.0100% | −0.0312% | +0.0412% | — |
| ONDO | +0.0100% | +0.0005% | +0.0095% | — |
| AVAX | +0.0100% | +0.0100% | 0.0000% | — |
| CC | +0.0100% | +0.0074% | +0.0026% | — |
| TAO | +0.0100% | +0.0100% | 0.0000% | — |
| AAVE | +0.0100% | +0.0100% | 0.0000% | — |
| DOGE | +0.0100% | +0.0100% | 0.0000% | — |
| ETHFI | +0.0100% | +0.0100% | 0.0000% | — |
Only on Hyperliquid: 84 (+62 via HIP-3)
PAXG · PURR · CHIP · SYRUP · MEGA · SPX · W · SAND · ALGO · BOME · 0G · CFX · ENS · 2Z · POPCAT · BERA · RUNE · APEX · APE · GRIFFAIN · STBL · PYTH · REZ · AZTEC · MELANIA · ZEN · SAGA · HMSTR · PNUT · RESOLV · STX · BIO · GOAT · BSV · ZORA · ZETA · S · IO · AVNT · HEMI · SUPER · ZK · ALT · ORDI · STABLE · FLOKI · FOGO · MERL · SKR · LAYER · GALA · MEME · SNX · SUSHI · TRB · USUAL · XAI · MOODENG · MOVE · DYM · and 24 more
Only on TxFlow: 67
XAUT · SPY · QQQ · STONK · PLUME · BAT · RAY · ZAMA · TQQQ · UVXY · LUNA2 · KITE · CRO · COTI · JASMY · SNOW · KLAC · BAND · ALICE · SOXS · MOONSHOT · CELR · CT · HOT · MANA · 1INCH · NIGHT · CYBER · CETUS · SQQQ · API3 · FLOW · ARKM · GRT · CYPH · ADBE · AXL · APP · OKLO · QNTX · TMF · G · HANMI · STXX · CGNX · ANKR · IOTX · HUT · PATH · ONT · KO · XOM · APLD · CVNA · LAB · NAVER · BRKB · XDP · CHZ · UNH · and 7 more
Questions
Is Hyperliquid or TxFlow cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.12 on Hyperliquid and $9.04 on TxFlow right now, taker fee and order-book slippage together: about the same. Taker fees: 0.045% and 0.045%.
Which has more markets, Hyperliquid or TxFlow?
Hyperliquid lists 178 active markets and TxFlow 223; 94 assets trade on both.
Does Hyperliquid or TxFlow require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. TxFlow: No ID: an email login or an EVM wallet, plus an access or referral code; not for the US, China, Singapore, Canada, the UK or sanctioned countries.
Can you arbitrage funding between Hyperliquid and TxFlow?
Not profitably right now: none of the 94 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or TxFlow?
24-hour volume: Hyperliquid $4.63B, TxFlow $121.4M. Open interest as each reports it: $13.25B and $51.9M. Hyperliquid reports open interest as longs plus shorts, both sides of every position; TxFlow reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $7.14B and none published.