Compare Hyperliquid vs. OKX perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.
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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 | ||
Spot Assets | 60 | 311 |
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 % | 0.02 % |
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 |
Visit Exchange | Go to site | Go to site |