Binance Futuresvs
Hyperliquid
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 126 liquid markets shared by Binance Futures and Hyperliquid, the best funding setup over the past 7 days is $MET (long Hyperliquid, short Binance Futures): it paid 40.5% APR, 30.6% after costs, and held 73% of the time.
126 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
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| Binance Futures | Hyperliquid | |
|---|---|---|
| Type | CEX | DEX |
| Taker fee | 0.05% | 0.045%β |
| Maker fee | 0.02% | 0.015%β |
| Open Interest | $25.78Bβ | $11.17B |
| 24h Volume | $20.03Bβ | $2.13B |
| Avg Funding APR | 7.07% | 4.49% |
| Markets | 539β | 175 |
| Airdrop / token | Listed | Listed |
Binance Futures and Hyperliquid are both perpetual-futures venues tracked on ORBIT. On fees, Hyperliquid is cheaper (0.045% vs 0.05% taker). On liquidity, Binance Futures is deeper with $25.78B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Binance Futures and Hyperliquid diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Binance Futures and Hyperliquid pays most?
- Across 126 liquid markets shared by Binance Futures and Hyperliquid, the best funding setup over the past 7 days is $MET (long Hyperliquid, short Binance Futures): it paid 40.5% APR, 30.6% after costs, and held 73% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Binance Futures or Hyperliquid cheaper?
- Binance Futures charges 0.05% taker / 0.02% maker; Hyperliquid charges 0.045% taker / 0.015% maker. Hyperliquid has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Binance Futures or Hyperliquid?
- Binance Futures has $25.78B open interest across 539 markets; Hyperliquid has $11.17B across 175. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Binance Futures and Hyperliquid?
- Yes β when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.