TxFlowvs
Hyperliquid
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 6 liquid markets shared by Hyperliquid and TxFlow, the best funding setup over the past 7 days is $PUMP (long TxFlow, short Hyperliquid): it paid 17.7% APR, 8.3% after costs, and held 95% of the time.
6 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| TxFlow | Hyperliquid | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.045% | 0.045% |
| Maker fee | 0.015% | 0.015% |
| Open Interest | $33.0M | $6.05B✓ |
| 24h Volume | $130.0M | $2.40B✓ |
| Avg Funding APR | -0.26% | 7.78% |
| Markets | 226✓ | 175 |
| Airdrop / token | Pre-TGE | Listed |
TxFlow and Hyperliquid are both perpetual-futures venues tracked on ORBIT. On fees, both charge the same 0.045% taker. On liquidity, Hyperliquid is deeper with $6.05B 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 TxFlow and Hyperliquid diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between TxFlow and Hyperliquid pays most?
- Across 6 liquid markets shared by Hyperliquid and TxFlow, the best funding setup over the past 7 days is $PUMP (long TxFlow, short Hyperliquid): it paid 17.7% APR, 8.3% after costs, and held 95% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is TxFlow or Hyperliquid cheaper?
- TxFlow charges 0.045% taker / 0.015% maker; Hyperliquid charges 0.045% taker / 0.015% maker. Both are equal on taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, TxFlow or Hyperliquid?
- TxFlow has $33.0M open interest across 226 markets; Hyperliquid has $6.05B across 175. Hyperliquid is deeper, which means lower slippage at size.
- Can I run funding arbitrage between TxFlow 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.