Volume Monitor
Live crypto data · 8 exchanges

Hyperliquid vs KuCoin

Hyperliquid and KuCoin 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.

Hyperliquid has more perpetual open interest: $17.18B, 5.5× KuCoin's $3.10B. The two list 173 coins in common, out of 178 on Hyperliquid and 526 on KuCoin. Funding on the shared coins averages 0.0100% per 8h on Hyperliquid and 0.0002% on KuCoin; of 173 coins, Hyperliquid's rate is higher on 48, KuCoin's on 12 and 113 are equal. The widest funding gap is on SAGA: 0.3523% per 8h higher on Hyperliquid (≈386% APR).

173 shared coins853 perpsAs of 21:02 UTC

Hyperliquid open interest#2 of 8
$17.18B
84.7% of the pair
KuCoin open interest#8 of 8
$3.10B
15.3% of the pair
Shared coins
173
5 only on Hyperliquid · 353 only on KuCoin

Hyperliquid vs KuCoin head to head

MetricHyperliquidKuCoin
Open interest$17.18B$3.10B
Share of all exchanges tracked20.2%3.6%
Perp volume, 24h$4.29B$1.63B
Perpetual markets327526
OI on the 173 shared coins$13.20B$2.71B
Avg funding on shared coins / 8h0.0100%0.0002%
Higher funding on48 coins12 coins
OI-weighted funding, all perps / 8h0.0079%0.0029%
Liquidations, 24h——

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

Funding and open interest on shared coins

top 20 of 173 by combined OI
# Coin Hyperliquid funding KuCoin funding Spread / 8h Hyperliquid OI KuCoin OI
1BTC-0.0007%0.0010%-0.0017%$3.17B$996.88M
2ETH0.0100%0.0047%0.0053%$2.96B$390.99M
3HYPE0.0100%0.0100%0.0000%$1.89B$44.49M
4ZEC0.0100%0.0100%0.0000%$844.19M$108.10M
5SOL0.0100%0.0026%0.0074%$693.29M$161.10M
6NEAR0.0143%0.0100%0.0043%$435.63M$70.84M
7XRP0.0100%0.0100%0.0000%$318.88M$110.84M
8PUMP0.0464%0.0100%0.0364%$202.95M$24.37M
9LIT0.0100%0.0100%0.0000%$212.03M$5.50M
10ENA0.0100%0.0100%0.0000%$174.23M$28.15M
11DOGE0.0345%0.0100%0.0245%$123.61M$61.10M
12SUI0.0211%0.0100%0.0111%$102.93M$63.35M
13LINK0.0100%0.0100%0.0000%$103.81M$25.15M
14TAO0.0100%0.0100%0.0000%$105.46M$19.79M
15UNI0.0100%0.0100%0.0000%$113.13M$11.60M
16XMR0.0100%0.0100%0.0000%$75.99M$46.09M
17XPL0.0146%0.0100%0.0046%$106.44M$2.29M
18WLD0.0428%0.0100%0.0328%$98.53M$7.60M
19ONDO0.0100%0.0100%0.0000%$83.51M$15.11M
20AAVE0.0100%0.0100%0.0000%$83.80M$10.41M

Coverage. Hyperliquid: No liquidations: Hyperliquid has no public all-market liquidation stream. KuCoin: USDT perps: open interest and funding polled over REST every 60s; KuCoin publishes no liquidation feed.

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 Hyperliquid minus KuCoin.

Hyperliquid vs KuCoin FAQ

Which has more open interest, Hyperliquid or KuCoin?

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 Hyperliquid or KuCoin?

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 Hyperliquid and KuCoin 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.