Compare Hyperliquid vs. BingX 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. | BingX, founded in 2018 by Josh Lu, provides deep liquidity and competitive trading volumes for crypto perpetuals. Serving over 20M global users, BingX offers spot trading, derivatives, copy trading, and asset management, featuring leverage up to 125x. Licensed in Lithuania (FSIC), BingX secures user assets through Mazars-verified Proof of Reserves, regular CertiK security audits, and two-factor authentication. |
Rating | ||
Spot Assets | 60 | 1000 |
Perpetual Contracts | USDC only | USDT and USDC |
Spot Volume (24H) | -- -- -- | -- -- -- |
Perpetuals Volume (24H) | -- -- -- | -- -- -- |
Crypto Options Volume (24H) | -- -- -- | -- -- -- |
Open Interest (24H) | -- -- -- | -- -- -- |
Live Funding Rates ![]() BTC Funding Rate ![]() ETH Funding Rate ![]() BNB Funding Rate ![]() SOL Funding Rate | -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- | -- -- -- -- -- -- USDC -- -- -- -- -- -- USDC -- -- -- -- -- -- USDC -- -- -- -- -- -- 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 | Only regulated by FSIC (Lithuania) |
Proof of Reserves | Yes No | Yes No |
Supported Countries | 195 | 150 |
Total Users | 404,000 | 20 Million |
Headquarters | Decentralized (HyperEVM) | Singapore |
Visit Exchange | Go to site | Go to site |