Bybit vs Hyperliquid head to head
| Metric | Bybit | Hyperliquid |
|---|---|---|
| Open interest | $6.68B | $17.17B |
| Share of all exchanges tracked | 7.9% | 20.2% |
| Perp volume, 24h | $8.58B | $4.19B |
| Perpetual markets | 773 | 327 |
| OI on the 174 shared coins | $5.91B | $12.99B |
| Avg funding on shared coins / 8h | -0.0035% | 0.0108% |
| Higher funding on | 8 coins | 64 coins |
| OI-weighted funding, all perps / 8h | 0.0047% | 0.0124% |
| Liquidations, 24h | $7.11M | — |
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 | Bybit funding | Hyperliquid funding | Spread / 8h | Bybit OI | Hyperliquid OI |
|---|---|---|---|---|---|---|
| 1 | BTC | 0.0035% | 0.0094% | -0.0060% | $2.35B | $3.16B |
| 2 | ETH | 0.0015% | 0.0100% | -0.0085% | $1.06B | $2.95B |
| 3 | HYPE | -0.0088% | 0.0100% | -0.0188% | $147.31M | $1.88B |
| 4 | SOL | 0.0061% | 0.0100% | -0.0039% | $432.72M | $692.29M |
| 5 | ZEC | 0.0100% | 0.0167% | -0.0067% | $138.75M | $838.22M |
| 6 | NEAR | 0.0100% | 0.0551% | -0.0451% | $129.40M | $443.48M |
| 7 | XRP | 0.0100% | 0.0100% | 0.0000% | $171.89M | $307.62M |
| 8 | ENA | 0.0100% | 0.0100% | 0.0000% | $68.41M | $171.60M |
| 9 | LIT | 0.0100% | 0.0100% | 0.0000% | $17.44M | $212.39M |
| 10 | DOGE | 0.0039% | 0.0431% | -0.0392% | $72.66M | $126.63M |
| 11 | UNI | 0.0002% | 0.0100% | -0.0098% | $50.69M | $112.68M |
| 12 | SUI | 0.0045% | 0.0288% | -0.0243% | $52.85M | $104.27M |
| 13 | WLD | 0.0100% | 0.0538% | -0.0438% | $52.20M | $98.18M |
| 14 | LINK | 0.0100% | 0.0100% | 0.0000% | $43.86M | $100.46M |
| 15 | TAO | 0.0100% | 0.0100% | 0.0000% | $32.56M | $105.89M |
| 16 | XPL | 0.0100% | 0.0628% | -0.0528% | $27.83M | $108.40M |
| 17 | ONDO | 0.0100% | 0.0152% | -0.0052% | $50.27M | $84.19M |
| 18 | AAVE | 0.0100% | 0.0100% | 0.0000% | $31.28M | $83.62M |
| 19 | BNB | -0.0006% | 0.0100% | -0.0106% | $61.83M | $50.22M |
| 20 | LTC | 0.0064% | 0.0100% | -0.0036% | $46.87M | $55.34M |
Coverage. Bybit: Every liquidation (allLiquidation stream); OI and funding polled every 30s. 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 Bybit minus Hyperliquid.