QFEXvs
Hyperliquid
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Hyperliquid and QFEX share 0 liquid markets, but no funding setup between them has 7 days of payouts right now.
0 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
| QFEX | Hyperliquid | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.1% | 0.045%✓ |
| Maker fee | 0.05% | 0.015%✓ |
| Open Interest | $86.4M | $6.03B✓ |
| 24h Volume | $90.2M | $2.35B✓ |
| Avg Funding APR | -0.00% | 7.64% |
| Markets | 120 | 175✓ |
| Airdrop / token | — | Listed |
QFEX and Hyperliquid are both perpetual-futures venues tracked on ORBIT. On fees, Hyperliquid is cheaper (0.045% vs 0.1% taker). On liquidity, Hyperliquid is deeper with $6.03B 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 QFEX and Hyperliquid diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between QFEX and Hyperliquid pays most?
- Hyperliquid and QFEX share 0 liquid markets, but no funding setup between them has 7 days of payouts right now. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is QFEX or Hyperliquid cheaper?
- QFEX charges 0.1% taker / 0.05% 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, QFEX or Hyperliquid?
- QFEX has $86.4M open interest across 120 markets; Hyperliquid has $6.03B across 175. Hyperliquid is deeper, which means lower slippage at size.
- Can I run funding arbitrage between QFEX 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.