Hyperliquidvs
Bitget
Compare Hyperliquid vs. Bitget perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.
Coinperps score
Four weighted criteria, scored out of 10 by Coinperps Research. How we score ›
Hyperliquid6.5/10Bitget8.4/10Market position
Each venue's share of the perpetual venues Coinperps tracks, live over the last 24 hours.
The same market on each venue
One perpetual, both books: where the liquidity and the crowd actually are right now.
HyperliquidBTC/USDTBitgetWinner marked per row. Funding is an 8-hour equivalent; the lower rate is cheaper for longs. Depth: order-book liquidity within 1% of mid.
BTC funding over 90 days
Daily funding on each venue's BTC perpetual against the cross-venue median, every venue normalised to an 8-hour equivalent. Persistent gaps are what a carry trade or a long hold actually pays.
Hyperliquid vs Bitget: head-to-head
Fees, leverage and regulation from each venue's published terms; volume, open interest and funding live from the Coinperps feed. The better figure is marked where one exists.
| Dimension | Hyperliquid | Bitget |
|---|---|---|
| Fees & costs | ||
| Taker fee | 0.045% | 0.06% |
| Maker fee | 0.015% | 0.02% |
| Volume & liquidity | ||
| Perpetuals volume (24h) | -- | -- |
| Open interest | -- | -- |
| Options volume (24h) | -- | -- |
| Liquidations (24h) | -- | -- |
| Perpetual contracts listed | -- | -- |
| Live funding rates | ||
| BTC funding rate | -- | -- |
| ETH funding rate | -- | -- |
| SOL funding rate | -- | -- |
| XRP funding rate | -- | -- |
| All funding on this page is shown as an 8-hour equivalent. Venues that settle hourly (Hyperliquid, Kraken, Coinbase, dYdX) are scaled by the interval the feed reports, so the figures compare like for like. | ||
| Trading features | ||
| Contract types | USDC only | USDT and USDC |
| Maximum leverage | 40x | 125x |
| Spot assets | 60 | 745 |
| Platform type | Decentralized | Centralized |
| Regulation & trust | ||
| Regulation | Decentralized and Unregulated | Regulators including MSB (USA), OAM (Italy), VASP (Poland), BSP (El Salvador), and 3 more |
| Proof of reserves | ✓ Yes | ✓ Yes |
| Supported countries | 195 | — |
| Users | 404,000 | 50 Million |
| Headquarters | Decentralized (HyperEVM) | Singapore |
About Hyperliquid
Hyperliquid is the largest onchain perpetuals exchange, commanding roughly 70% of decentralized perps volume and clearing as much as $300 billion in a single month across a fully onchain order book processing 200,000+ orders per second.
Founded in 2023 by former Hudson River Trading engineer Jeff Yan, it runs on a purpose-built Layer 1 using HyperBFT consensus for one-block finality, listing 100+ USDC-margined perp markets at up to 40x leverage with permissionless HIP-3 markets extending into oil, metals, and equities.
The network took no venture capital and pays no market makers. Nearly all protocol fees are converted into HYPE buybacks through the Assistance Fund, and every trade, liquidation, and funding payment settles verifiably onchain through HyperCore and HyperEVM.
Custody works differently from every centralized rival. Users hold their own funds against smart-contract and bridge risk rather than an exchange balance sheet, and the protocol itself has never been hacked, though a validator intervention during the JELLY incident showed governance can act fast when markets are attacked.
About Bitget
Bitget is a top-five perpetuals exchange by open interest, founded in 2018, led by CEO Gracy Chen, and serving more than 100 million users across 150+ countries from its Seychelles base with a Vienna headquarters anchoring its European push.
Its derivatives platform runs USDT-margined, USDC-margined, and coin-margined perpetuals at up to 125x leverage, wrapped in the largest copy trading ecosystem in crypto, where any account can mirror elite traders position for position.
TradFi is the growth engine. Bitget cleared close to $70 billion in traditional-asset perpetuals volume in a single quarter, spanning stock perps that trade 24/7 on USDT margin alongside gold, silver, and forex markets.
Security rests on a Protection Fund pledged at $300 million, monthly Merkle-tree Proof of Reserves showing coverage well above 100%, ISO 27001 and 27701 certification, and a clean hack record since founding, though its EU access currently waits on a pending MiCA application.
