Compare Hyperliquid vs. Binance perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.
Go to site | Go to site | |
|---|---|---|
About | Hyperliquid is the largest onchain perp exchange, clearing over $300 billion a month on a custom Layer 1 using HyperBFT for one-block finality and sub-second execution. Its onchain order book processes more than 200,000 orders per second. Founded in 2023 by former HRT engineer Jeff Yan, it offers 100 plus perp markets with up to 40x leverage, permissionless listings, and USDC-margined contracts. All trading and liquidations settle onchain through HyperCore and HyperEVM. The network is community owned with no paid market makers or listing fees, secured by a validator set running HyperBFT. Hyperliquid releases verifiable onchain data on funding, open interest, liquidations, and vault activity. | Binance, founded in 2017 by Changpeng Zhao, offers extensive liquidity and some of the highest global trading volumes for crypto perpetuals. Headquartered in Dubai, it serves 260M+ users across 180 countries with 350+ spot assets, futures, margin trading, staking, and passive income products. Binance holds regulatory licenses across Europe, USA, Japan, UAE, and APAC, employs multi-factor security, and publishes verified Proof of Reserves audits. |
Rating | ||
Spot Assets | 60 | 400 |
Perpetual Contracts | USDC only | USDT and USDC |
Spot Volume (24H) | N/A | N/A |
Perpetuals Volume (24H) | $7.24B | $65.60B |
Crypto Options Volume (24H) | $0 | $1.02B |
Open Interest (24H) | $7.41B | $26.65B |
Live Funding Rates ![]() BTC Funding Rate ![]() ETH Funding Rate ![]() BNB Funding Rate ![]() SOL Funding Rate | undefined% 0.0013% undefined% 0.0013% undefined% 0.0013% undefined% 0.0013% | 0.0067% undefined USDC 0.0016% undefined USDC -0.0004% undefined USDC -0.0132% undefined USDC |
Taker Fees | 0.045 % | 0.05 % |
Maker Fees | 0.015 % | 0.02 % |
Perpetual Contract Types | USDC only | USDT and USDC |
Available Leverage | 40x | 125x |
Regulation | Decentralized and Unregulated | FinCEN (USA), FINMA (Switzerland), FCA (UK), ADGM (Abu Dhabi), AMF (France), and 17 more |
Proof of Reserves | Yes No | Yes No |
Supported Countries | 195 | 160 |
Total Users | 404,000 | 265 Million |
Headquarters | Decentralized (HyperEVM) | Dubai, United Arab Emirates |
Visit Exchange | Go to site | Go to site |