Hyperliquid vs edgeX
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
| Line | Hyperliquid | edgeX |
|---|---|---|
| 30-day volume | #P01 · $204,136.0MEdge | #P05 · $37,261.0M |
| Trading fees | 0.045% taker · 0.015% makerSeven tiers on 14-day weighted volume: 0.045%/0.015% below $5M, 0.040%/0.012% above $5M, 0.035%/0.008% above $25M, 0.030%/0.004% above $100M, 0.026%/0% from $2B. Maker rebates are paid on each trade. Spot volume counts double toward the tier. | 0.045% taker · 0.040% makerRegular users below $10M of 14-day volume pay 0.040% maker and 0.045% taker on perps. Six VIP tiers follow, from 0.038%/0.043% at $10M down to 0.015%/0.020% above $7B. Rates are recalculated daily at 00:00 UTC and sub-account volume is pooled with the main account. |
| New-user perk | 4% off fees on your first $25M of volume | 10% off trading fees, according to the promotional codes documented by affiliates |
| Max leverage | up to 40× | up to 100×Edge |
| Perp markets | 234 | 292Edge |
| Identity check | No KYC | Not documented |
| Custody | Non-custodial: positions signed from your wallet | Non-custodial, wallet or email (MPC) login |
| Settles on | HyperCore (L1 Hyperliquid) | edgeX Chain (StarkEx engine) |
| Collateral | USDC | USDC |
| Where it runs | Web | Web |
| Chains | EVMArbitrum, HyperEVMEdge | |
| Documented features | 6 of 10Edge | 5 of 10 |
| Order book | Yes | Yes |
| Cross margin | Yes | Yes |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Not documented |
| Copy trading | Not documented | Not documented |
| Stocks, gold or forex | Yes | Yes |
| Points program | No | No |
| API | Yes | Yes |
| Mobile app | Not documented | Not documented |
| Telegram bot | No | Not documented |
Which one should you pick?
Pick Hyperliquid if
You want deep liquidity, low fees and a public fee ladder you can plan around.
The deepest perp book in the set by an order of magnitude ($204B over 30 days) and the cheapest base tier, at 0.045% taker and 0.015% maker. Everything settles on Hyperliquid's own L1, with USDC arriving mainly through Circle's CCTP from Arbitrum.
app.hyperliquid.xyz
Pick edgeX if
You trade an order book and want stock and forex perps next to crypto.
A serious order book with the same base rate as Hyperliquid on the taker side, but a maker fee where Hyperliquid pays a rebate. The venue lists almost 300 contracts including stock and forex perps, and the fee tiers are the easiest of the series to read.
pro.edgex.exchange
