Hyperliquid vs Vest Markets
Hyperliquid traded 59× Vest Markets's 24-hour volume ($8.17B vs $138.2M).
Head to head
the arrow points to the better figure| Hyperliquid | Vest Markets | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k | — |
| $1,121 | BTC trade, $1M | — |
| $39.8M | BTC book depth | — |
| 0.045%/0.015% | Taker / maker▶ | 0.010%/0.010% |
| 40x | Max leverage▶ | 100x |
| Size | ||
| $8.17B | ◀Volume 24h | $138.2M |
| $6.96B | ◀Volume, 7-day average | $91.9M |
| $10.11Blongs + shorts | Open interest | $93.9Mone side |
| $6.34B | TVL | — |
| Markets | ||
| 179 | ◀Markets | 77 |
| 164 | ◀Stocks & RWA | 82 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.722% | BTC longs paid, 30d | −0.826% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | Active |
Cost to trade BTC
| Size | Hyperliquid | Vest Markets |
|---|---|---|
| $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 pageVolume by asset class
last 90 daysOn both: 5
funding /8h · Net 7d at $10k| Asset | Hyperliquid | Vest Markets | Spread | Net 7d |
|---|---|---|---|---|
| SOL | −0.0095% | −0.0182% | +0.0087% | — |
| ETH | −0.0030% | +0.0100% | +0.0130% | — |
| BTC | +0.0100% | +0.0100% | 0.0000% | — |
| HYPE | +0.0132% | +0.0732% | +0.0600% | — |
| XRP | +0.0100% | +0.0345% | — | — |
Only on Hyperliquid: 174 (+60 via HIP-3)
ZEC · NEAR · XMR · LIT · PUMP · ENA · UNI · DOGE · LINK · VVV · AAVE · PEPE · ZRO · WLD · BNB · XPL · SUI · MON · 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 · MORPHO · DOT · POL · VIRTUAL · MNT · ATOM · and 114 more
Questions
Which has more markets, Hyperliquid or Vest Markets?
Hyperliquid lists 179 active markets and Vest Markets 77; 5 assets trade on both.
Does Hyperliquid or Vest Markets require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Vest Markets: No ID; not for the US, the UK, China (with Hong Kong and Macao), Russia or sanctioned countries.
Can you arbitrage funding between Hyperliquid and Vest Markets?
Not profitably right now: none of the 5 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or Vest Markets?
24-hour volume: Hyperliquid $8.17B, Vest Markets $138.2M. Open interest as each reports it: $10.11B and $93.9M. Hyperliquid reports open interest as longs plus shorts, both sides of every position; Vest Markets reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $6.34B and none published.