OKX
Hyperliquid
vs
OKX
OKX

Compare Hyperliquid vs. OKX 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.

OKX, founded in 2017 by Star Xu, is the third-largest crypto perpetuals exchange globally by liquidity and trading volume.

Based in Seychelles, OKX serves users in 180 countries with 300+ assets across spot, derivatives, DeFi, and Web3 products.

Licensed by top regulators including MAS (Singapore) and ESMA (Europe), OKX secures funds via cold storage and 2FA, with transparent Proof of Reserves using zk-STARK cryptography.

Rating

6.5

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    1

  • Features & Supported Assets

    7

  • Trading Fees

    10

  • Depth & Liquidity

    8

8.75

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    9.5

  • Features & Supported Assets

    7

  • Trading Fees

    9.5

  • Depth & Liquidity

    9

Spot Assets

60

311

Perpetual Contracts

USDC only

USDT and USDC

Spot Volume (24H)

N/A

N/A

Perpetuals Volume (24H)

$7.36B

$29.54B

Crypto Options Volume (24H)

$0

$884.05M

Open Interest (24H)

$7.38B

$7.36B

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%

-0.0009%

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USDC

0.0031%

undefined

USDC

0.0007%

undefined

USDC

-0.0057%

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USDC
Taker Fees

0.045

%

0.02

%

Maker Fees

0.015

%

0.05

%

Perpetual Contract Types

USDC only

USDT and USDC

Available Leverage

40x

100x

Regulation

Decentralized and Unregulated

Tier-1 Regulators including MiFID II (Europe), MAS (Singapore), AUSTRAC (Australia), SFC (Hong Kong), VARA (UAE), and 4 more

Proof of Reserves

Yes

No

Yes

No

Supported Countries

195

100

Total Users

404,000

60 Million

Headquarters

Decentralized (HyperEVM)

Dubai, United Arab Emirates

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