Volume Monitor
Live crypto data · 8 exchanges

Hyperliquid vs MEXC

Hyperliquid and MEXC 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, 1.4× MEXC's $12.71B. The two list 172 coins in common, out of 178 on Hyperliquid and 665 on MEXC. Funding on the shared coins averages 0.0105% per 8h on Hyperliquid and 0.0013% on MEXC; of 172 coins, Hyperliquid's rate is higher on 58, MEXC's on 9 and 105 are equal. The widest funding gap is on SAGA: 0.3704% per 8h higher on Hyperliquid (≈406% APR).

172 shared coins992 perpsAs of 21:01 UTC

Hyperliquid open interest#2 of 8
$17.18B
57.5% of the pair
MEXC open interest#3 of 8
$12.71B
42.5% of the pair
Shared coins
172
6 only on Hyperliquid · 493 only on MEXC

Hyperliquid vs MEXC head to head

MetricHyperliquidMEXC
Open interest$17.18B$12.71B
Share of all exchanges tracked20.2%14.9%
Perp volume, 24h$4.28B$7.05B
Perpetual markets327665
OI on the 172 shared coins$12.96B$10.78B
Avg funding on shared coins / 8h0.0105%0.0013%
Higher funding on58 coins9 coins
OI-weighted funding, all perps / 8h0.0077%0.0028%
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 172 by combined OI
# Coin Hyperliquid funding MEXC funding Spread / 8h Hyperliquid OI MEXC OI
1BTC-0.0018%0.0027%-0.0045%$3.17B$4.65B
2ETH0.0100%0.0036%0.0064%$2.96B$2.41B
3HYPE0.0100%-0.0038%0.0138%$1.89B$104.70M
4SOL0.0100%-0.0031%0.0131%$693.52M$438.95M
5ZEC0.0100%0.0100%0.0000%$844.31M$221.64M
6XRP0.0100%0.0051%0.0049%$318.89M$426.31M
7NEAR0.0168%0.0100%0.0068%$435.45M$91.29M
8DOGE0.0373%0.0056%0.0317%$123.67M$125.98M
9SUI0.0246%0.0053%0.0193%$102.95M$145.35M
10TAO0.0100%0.0100%0.0000%$105.51M$125.05M
11ENA0.0100%0.0100%0.0000%$174.21M$54.37M
12LIT0.0100%0.0100%0.0000%$212.09M$9.77M
13UNI0.0100%0.0100%0.0000%$113.13M$57.30M
14LINK0.0100%0.0039%0.0061%$103.85M$58.16M
15WLD0.0440%0.0100%0.0340%$98.55M$61.29M
16LTC0.0100%0.0080%0.0020%$55.71M$98.90M
17PEPE0.0100%0.0100%0.0000%$38.81M$114.64M
18ONDO0.0100%0.0100%0.0000%$83.66M$69.52M
19BNB0.0100%0.0000%0.0100%$50.28M$84.69M
20XPL0.0202%0.0100%0.0102%$106.55M$19.47M

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

Hyperliquid vs MEXC FAQ

Which has more open interest, Hyperliquid or MEXC?

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 MEXC?

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 MEXC 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.