Binance
Hyperliquid
vs
Binance
Binance

Compare Hyperliquid vs. Binance perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.

Data updates automatically every 2 minutes.
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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

6.5

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    1

  • Features & Supported Assets

    7

  • Trading Fees

    10

  • Depth & Liquidity

    8

9.4

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    10

  • Features & Supported Assets

    8

  • Trading Fees

    9.5

  • Depth & Liquidity

    10

Spot Assets

60

400

Perpetual Contracts

USDC only

USDT and USDC

Spot Volume (24H)

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Perpetuals Volume (24H)

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Crypto Options Volume (24H)

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Open Interest (24H)

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Live Funding Rates
BTC Funding Rate
ETH Funding Rate
BNB Funding Rate
SOL Funding Rate

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USDC

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USDC

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USDC

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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

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