Hyperliquid vs edgeX
Detailed side-by-side comparison of features, fees, and trading experience
| FEATURE | HYPERLIQUID | EDGEX |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.045% | 0.045% |
| Maker Fee | 0.015% | 0.04% |
| Max Leverage | 50x | 100x |
| Perp Pairs | 330 | 182 |
| Spot Trading | Yes | Yes |
| KYC Required | No | No |
| Rating | 4.8 | 4.2 |
Hyperliquid vs edgeX: key differences
Trading costs are level at the base tier: both charge a 0.045% taker fee, so opening and closing a $10,000 position with market orders costs $9.00 on either exchange.
For limit orders, Hyperliquid charges makers 0.015%, while edgeX charges makers 0.04%.
edgeX allows up to 100x leverage against 50x on Hyperliquid. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Hyperliquid lists 330 perpetual markets, edgeX lists 182.
Hyperliquid is the more liquid venue, with $2.3B in 24-hour volume against $293M on edgeX (about 8.0 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDC, HYPE, BTC on Hyperliquid and in USDC on edgeX.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Hyperliquid | edgeX | |
|---|---|---|
| Taker round trip on $10,000 | $9.00 | $9.00 |
| Maker round trip on $10,000 | $3.00 | $8.00 |
| Best-tier taker fee | 0.024% | 0.02% |
| BTC max leverage | 40x | 100x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $2.3B | $293M |
| TVL | $7.3B | $61M |
| Custody | non-custodial | non-custodial |
| Collateral | USDC, HYPE, BTC | USDC |
| Deposit networks | Arbitrum, Ethereum, Base +10 more | Ethereum, Arbitrum, Base +5 more |
| Minimum order | $10 | — |
| Order types | 16 | 12 |
| Options | No | No |
| Mobile app | Yes | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | Yes | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 6 | 10 |
| Founded | 2022 | 2023 |
Choose Hyperliquid if
- You place limit orders: 0.015% maker fee against 0.04% on edgeX.
- You trade smaller or newer markets: 330 perpetual pairs against 182.
- You trade size and need liquidity: $2.3B in 24-hour volume against $293M.
- You want to post margin in more than one asset.
Choose edgeX if
- You want higher leverage: up to 100x against 50x.
- You want a sign-up discount: 12% off fees through a referral link.
Hyperliquid
PROS
- + Perpetuals taker fee of 0.045% and maker fee of 0.015% at the base tier, falling to 0.024% taker and 0% maker above 7 billion USD in 14-day volume, with a further discount of up to 40% for HYPE stakers
- + Up to 40x leverage on BTC perpetuals, 25x on ETH and 20x on SOL, and up to 50x on HIP-3 FX pairs (EUR, JPY, GBP) and S&P 500 perpetuals
- + No KYC: trading starts after connecting a wallet or email login, funds stay in the user's own account, and every order and liquidation is recorded onchain
CONS
- − USDC is the default perpetuals collateral; HYPE and BTC count as collateral only under portfolio margin, which requires more than 10,000 USD in account value or 5 million USD in volume
- − Restricted in the United States, Ontario (Canada), Russia, Cuba, Iran, North Korea and Syria; the frontend blocks IP addresses from restricted locations
- − The official mobile app is Android only and was released in April 2026 as a limited MVP; there is no iOS app, so iPhone users rely on the web app
edgeX
PROS
- + 182 perpetual markets in one USDC-margined account, including 98 stock and ETF perpetuals, commodities (gold, silver, crude oil, natural gas) and FX pairs such as USD/JPY and EUR/USD
- + Up to 100x leverage on BTC and ETH and 75x on SOL, with cross and isolated margin modes
- + No KYC required: connect an EVM wallet or sign in by email, and referred users get a 12% trading fee discount
CONS
- − Base perpetual fees of 0.040% maker and 0.045% taker are higher than the 0.012% maker and 0.038% taker edgeX charged on V1, and VIP 1 requires 10 million dollars in 14-day volume
- − USDC is the only margin asset, with no multi-collateral support
- − Restricted in the US, Canada, Cuba, Iran, North Korea, Syria, Myanmar and Crimea, Donetsk and Luhansk, and the terms prohibit using a VPN to bypass the block
Frequently Asked Questions
Is Hyperliquid or edgeX better?
Hyperliquid has a higher rating (4.8 vs 4.2). Choose Hyperliquid for its features, and edgeX for higher leverage.
What are the fees on Hyperliquid vs edgeX?
Hyperliquid charges 0.045% taker / 0.015% maker. edgeX charges 0.045% taker / 0.04% maker for perpetuals.
Which has higher leverage, Hyperliquid or edgeX?
Hyperliquid offers up to 50x (40x on BTC), and edgeX offers up to 100x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Hyperliquid and edgeX require KYC?
Hyperliquid does not require KYC. edgeX does not require KYC. Both restrict some jurisdictions (Hyperliquid lists 6; edgeX lists 10), so check the terms of service for your country before depositing.
Is Hyperliquid or edgeX safer?
Hyperliquid has been audited and runs an insurance fund, and custody is non-custodial. edgeX has been audited and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, Hyperliquid or edgeX?
Hyperliquid recorded $2.3B in 24-hour volume and edgeX recorded $293M, as of 2026-10-04. Hyperliquid lists 330 perpetual markets and edgeX lists 182.