edgeX V2vs
Hyperliquid
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 9 liquid markets shared by edgeX V2 and Hyperliquid, no setup covered entry and exit over the past 7 days: the best, $SOL (long Hyperliquid, short edgeX V2), paid 8.6% APR over 7 days, -0.1% after costs.
9 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
β7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| edgeX V2 | Hyperliquid | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.038%β | 0.045% |
| Maker fee | 0.018% | 0.015%β |
| Open Interest | $301.9M | $12.10Bβ |
| 24h Volume | $652.7M | $5.05Bβ |
| Avg Funding APR | 8.57% | 7.82% |
| Markets | 76 | 175β |
| Airdrop / token | Listed | Listed |
edgeX V2 and Hyperliquid are both perpetual-futures venues tracked on ORBIT. On fees, edgeX V2 is cheaper (0.038% vs 0.045% taker). On liquidity, Hyperliquid is deeper with $12.10B 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 edgeX V2 and Hyperliquid diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between edgeX V2 and Hyperliquid pays most?
- Across 9 liquid markets shared by edgeX V2 and Hyperliquid, no setup covered entry and exit over the past 7 days: the best, $SOL (long Hyperliquid, short edgeX V2), paid 8.6% APR over 7 days, -0.1% after costs. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is edgeX V2 or Hyperliquid cheaper?
- edgeX V2 charges 0.038% taker / 0.018% maker; Hyperliquid charges 0.045% taker / 0.015% maker. edgeX V2 has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, edgeX V2 or Hyperliquid?
- edgeX V2 has $301.9M open interest across 76 markets; Hyperliquid has $12.10B across 175. Hyperliquid is deeper, which means lower slippage at size.
- Can I run funding arbitrage between edgeX V2 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.