edgeX V2vs
Hyperliquid
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| edgeX V2 | Hyperliquid | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.038%✓ | 0.045% |
| Maker fee | 0.018% | 0.015%✓ |
| Open Interest | $581.9M | $10.74B✓ |
| 24h Volume | $832.4M | $3.50B✓ |
| Avg Funding APR | 10.61% | 22.29% |
| Markets | 50 | 50 |
| 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 $10.74B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — 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
- 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 $581.9M open interest across 50 markets; Hyperliquid has $10.74B across 50. Hyperliquid is deeper, which means lower slippage at size.
- Can I run funding arbitrage between edgeX V2 and Hyperliquid?
- Yes — 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.