Hyperliquidvs
Binance Futures
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 131 liquid markets shared by Binance Futures and Hyperliquid, the best funding setup over the past 7 days is $BLUR (long Hyperliquid, short Binance Futures): it paid 36.0% APR, 26.1% after costs, and held 17% of the time.
131 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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| Hyperliquid | Binance Futures | |
|---|---|---|
| Type | DEX | CEX |
| Taker fee | 0.045%β | 0.05% |
| Maker fee | 0.015%β | 0.02% |
| Open Interest | $11.78B | $26.15Bβ |
| 24h Volume | $9.20B | $29.75Bβ |
| Avg Funding APR | 7.34% | 8.27% |
| Markets | 175 | 539β |
| Airdrop / token | Listed | Listed |
Hyperliquid and Binance Futures 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 $26.15B 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 Hyperliquid and Binance Futures diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Hyperliquid and Binance Futures pays most?
- Across 131 liquid markets shared by Binance Futures and Hyperliquid, the best funding setup over the past 7 days is $BLUR (long Hyperliquid, short Binance Futures): it paid 36.0% APR, 26.1% after costs, and held 17% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Hyperliquid or Binance Futures cheaper?
- Hyperliquid charges 0.045% taker / 0.015% maker; Binance Futures charges 0.05% taker / 0.02% maker. Hyperliquid has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Hyperliquid or Binance Futures?
- Hyperliquid has $11.78B open interest across 175 markets; Binance Futures has $26.15B across 539. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Hyperliquid and Binance Futures?
- 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.