Volume Monitor
Live crypto data · 8 exchanges

Binance vs Hyperliquid

Binance and Hyperliquid side by side from their public APIs: open interest, 24h perp volume, number of markets, the coins both list and funding on those coins, with the spread between the two. Each exchange also has its own page with its largest markets.

Binance has more perpetual open interest: $28.69B, 1.7× Hyperliquid's $17.17B. The two list 174 coins in common, out of 526 on Binance and 178 on Hyperliquid. Funding on the shared coins averages 0.0006% per 8h on Binance and 0.0105% on Hyperliquid; of 174 coins, Hyperliquid's rate is higher on 60, Binance's on 8 and 106 are equal. The widest funding gap is on SAGA: 0.2846% per 8h higher on Hyperliquid (≈312% APR).

174 shared coins891 perpsAs of 21:42 UTC

Binance open interest#1 of 8
$28.69B
62.6% of the pair
Hyperliquid open interest#2 of 8
$17.17B
37.4% of the pair
Shared coins
174
352 only on Binance · 4 only on Hyperliquid

Binance vs Hyperliquid head to head

MetricBinanceHyperliquid
Open interest$28.69B$17.17B
Share of all exchanges tracked33.8%20.2%
Perp volume, 24h$31.02B$4.19B
Perpetual markets564327
OI on the 174 shared coins$21.89B$13.14B
Avg funding on shared coins / 8h0.0006%0.0105%
Higher funding on8 coins60 coins
OI-weighted funding, all perps / 8h0.0031%0.0124%
Liquidations, 24h$26.22M—

Liquidations are compared only when both exchanges publish a liquidation feed this site reads.

Funding and open interest on shared coins

top 20 of 174 by combined OI
# Coin Binance funding Hyperliquid funding Spread / 8h Binance OI Hyperliquid OI
1BTC0.0026%0.0094%-0.0068%$7.98B$3.16B
2ETH0.0032%0.0100%-0.0068%$6.12B$2.95B
3HYPE-0.0057%0.0100%-0.0157%$389.40M$1.88B
4SOL-0.0027%0.0100%-0.0127%$1.03B$692.29M
5ZEC0.0100%0.0167%-0.0067%$709.92M$838.22M
6XRP0.0054%0.0100%-0.0046%$494.08M$307.62M
7NEAR0.0100%0.0551%-0.0451%$293.52M$443.48M
8BNB0.0000%0.0100%-0.0100%$451.66M$50.22M
9DOGE0.0055%0.0431%-0.0376%$293.11M$126.63M
10UNI0.0100%0.0100%0.0000%$267.62M$112.68M
11ENA0.0100%0.0100%0.0000%$158.56M$171.60M
12PUMP0.0100%0.0449%-0.0349%$95.66M$207.87M
13LIT0.0100%0.0100%0.0000%$77.26M$212.39M
14SUI0.0039%0.0288%-0.0250%$172.07M$104.27M
15LINK0.0029%0.0100%-0.0071%$135.28M$100.46M
16WLD0.0100%0.0538%-0.0438%$130.87M$98.18M
17TAO0.0100%0.0100%0.0000%$101.10M$105.89M
18ONDO0.0100%0.0152%-0.0052%$100.40M$84.19M
19LTC0.0065%0.0100%-0.0035%$117.71M$55.34M
20XPL0.0100%0.0628%-0.0528%$56.88M$108.40M

Coverage. Binance: Liquidations sampled: Binance publishes at most one per symbol per second. Hyperliquid: No liquidations: Hyperliquid has no public all-market liquidation stream.

How it's counted. Open interest is the USD value of open perpetual positions (one side) at the mark price, summed over the markets this site tracks; stablecoin pairs are left out. Shared coins are coins with a perpetual on both exchanges (Hyperliquid HIP-3 markets excluded); where an exchange lists several perps for a coin, the one with the most open interest is used. Funding is the 8-hour equivalent; the spread is Binance minus Hyperliquid.

Binance vs Hyperliquid FAQ

Which has more open interest, Binance or Hyperliquid?

The open interest cards at the top compare the USD value of open perpetual futures positions on each exchange, summed over every market this site tracks there and valued at the mark price. They update with every page load.

Is funding higher on Binance or Hyperliquid?

The average funding figures cover only the coins both exchanges list, as 8-hour equivalents, so venues with 1-hour and 8-hour funding compare directly. The table shows each coin's rate on both and the spread; a wide spread is what a funding arbitrage trade collects.

How many coins do Binance and Hyperliquid both list?

The shared coins count is the number of coins with a perpetual future on both exchanges right now. Stablecoin pairs and Hyperliquid HIP-3 markets are left out.

Where does the data come from?

Each exchange's public market-data API, read live by this site. Nothing here comes from paid data vendors.