Head to head
the arrow points to the better figure| Hyperliquid | N1 | |
|---|---|---|
| Trading | ||
| $9.13 | ◀BTC trade, $10k | $11.93 |
| $1,121 | BTC trade, $1M | — |
| $39.8M | ◀BTC book depth | $388K |
| 0.045%/0.015% | Taker / maker▶ | 0.035%/0.010% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $8.25B | ◀Volume 24h | $2.6M |
| $6.96B | ◀Volume, 7-day average | $2.5M |
| $10.15Blongs + shorts | Open interest | $854Kone side |
| $6.34B | TVL | — |
| Markets | ||
| 179 | ◀Markets | 40 |
| 164 | ◀Stocks & RWA | 0 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0064% |
| +0.722% | BTC longs paid, 30d | +0.505% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | none yet |
| Season 2 | Airdrop | — |
Cost to trade BTC
| Size | Hyperliquid | N1 |
|---|---|---|
| $1k | $0.919.1 bp | $1.0610.6 bp |
| $10k | $9.139.1 bp | $11.9311.9 bp |
| $100k | $91.329.1 bp | $24824.8 bp |
| $1M | $1,12111.2 bp | — |
| $5M | $6,85813.7 bp | — |
BTC funding per day
pair pageOn both: 39
funding /8h · Net 7d at $10k| Asset | Hyperliquid | N1 | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0064% | +0.0036% | −$8 |
| ETH | −0.0015% | +0.0064% | +0.0079% | −$35 |
| HYPE | +0.0246% | +0.0208% | +0.0038% | −$37 |
| SOL | −0.0063% | +0.0096% | +0.0159% | −$32 |
| BNB | +0.0100% | +0.0040% | — | — |
| JUP | +0.0100% | 0.0000% | — | — |
| S | +0.0100% | +0.0736% | — | — |
| LIT | −0.0056% | −0.0680% | — | — |
| VVV | +0.0100% | +0.0360% | — | — |
| NEAR | +0.0100% | +0.0120% | — | — |
| AAVE | +0.0100% | −0.0040% | — | — |
| PAXG | +0.0100% | +0.0256% | — | — |
| ZEC | +0.0100% | +0.0208% | — | — |
| MORPHO | +0.0100% | −0.0176% | — | — |
| SUI | −0.0074% | −0.0200% | — | — |
| PUMP | +0.0100% | −0.0080% | — | — |
| XRP | +0.0100% | +0.0112% | — | — |
| ARB | −0.0265% | −0.0224% | — | — |
| ASTER | +0.0100% | +0.0088% | — | — |
| ENA | +0.0100% | −0.0136% | — | — |
Only on Hyperliquid: 140
LINK · ADA · STRK · GRASS · CASHCAT · GRAM · LTC · AVAX · TRX · TRUMP · CRV · PURR · PONS · USELESS · XLM · HBAR · ETHFI · PENDLE · LDO · MEGA · CHIP · BCH · BONK · TIA · FET · FIL · CC · INJ · DOT · POL · MNT · ATOM · WIF · SYRUP · SPX · OP · IMX · SKY · SHIB · CFX · ALGO · W · RENDER · SEI · ICP · NIL · DASH · ETC · MET · LINEA · RUNE · JTO · PYTH · ENS · MINA · SAGA · ZK · HMSTR · KAS · STBL · and 80 more
Only on N1: 1
Questions
Is Hyperliquid or N1 cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.13 on Hyperliquid and $11.93 on N1 right now, taker fee and order-book slippage together, so Hyperliquid is cheaper. Taker fees: 0.045% and 0.035%.
Which has more markets, Hyperliquid or N1?
Hyperliquid lists 179 active markets and N1 40; 39 assets trade on both.
Does Hyperliquid or N1 require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. N1: No ID; closed to residents and citizens of the US, Canada, Russia and sanctioned countries.
Can you arbitrage funding between Hyperliquid and N1?
Not profitably right now: none of the 39 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or N1?
24-hour volume: Hyperliquid $8.25B, N1 $2.6M. Open interest as each reports it: $10.15B and $854K. Hyperliquid reports open interest as longs plus shorts, both sides of every position; N1 reports one side. For the same positions Hyperliquid's figure reads about twice as large. TVL: $6.34B and none published.