Hyperliquid vs edgeX
Hyperliquid is cheaper: a $1,000 buy-and-sell costs $0.86 in platform fees vs $0.90 on edgeX. Pick Hyperliquid if you are perps traders outside the US who want onchain order-book trading from their own wallet, with fees that drop by volume and HYPE staking. Pick edgeX if you are non-US, non-Canadian perps traders who want an Ethereum-settled order book with stock and forex perps and an email login option.
Checked 2026-10-16 · both venues' fee pagesHyperliquid is a layer-1 blockchain whose HyperCore layer runs fully onchain perpetual futures and spot order books, with a HyperEVM smart-contract layer alongside. It targets active perps traders who want order-book trading from a self-custodied wallet.
edgeX is an order-book perpetuals exchange, operated by edgeX Trading Inc., that settles to Ethereum. V1 ran on the StarkEx ZK-rollup engine; V2 is a dedicated modular rollup anchoring state roots to Ethereum. It lists crypto, stock and forex perps plus spot.
Hyperliquid saves $0.04 per $1,000 round trip.
Side by side
| Hyperliquid | edgeX | |
|---|---|---|
| Type | Perp DEX | Perp DEX |
| Status | live | live |
| Chains | Hyperliquid | Ethereum |
| Platforms | web | web |
| Custody | non-custodial | non-custodial |
| KYC | none | none |
| Platform fee, round trip | 0.09% | 0.09% |
| $1,000 round trip | $0.90 | $0.90 |
| Sign-up perk | 4% discount on fees for the first $25M of volume | — |
| Perps taker / maker | 0.045% / 0.015% | 0.045% / 0.04% |
| United States | Not available | Not available |
| United Kingdom | Unverified | Unverified |
| European Union | Unverified | Unverified |
| Launched | 2023-02 | — |
| Reported incidents | 4 | 1 |
Features
| Feature | Hyperliquid | edgeX |
|---|---|---|
| perps | ✓ | ✓ |
| spot | ✓ | ✓ |
| order book | ✓ | ✓ |
| limit orders | ✓ | — |
| vaults | ✓ | — |
| staking discounts | ✓ | — |
| builder codes | ✓ | — |
| HIP-3 builder-deployed perps | ✓ | — |
| outcome markets | ✓ | — |
| HyperEVM | ✓ | — |
| API | ✓ | ✓ |
| stock perps | — | ✓ |
| forex perps | — | ✓ |
| sub-accounts | — | ✓ |
| hedge mode | — | ✓ |
| MPC email login | — | ✓ |
| eStrategy vaults | — | ✓ |
| TradingView charts | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Hyperliquid: watch out for
- The Terms bar US and Ontario residents and prohibit VPN use to get around that.
- The HLP vault has absorbed manipulation losses, including a reported $4.9M on POPCAT in November 2025.
- Validators delisted the JELLY market and settled it at a fixed price in March 2025, an intervention critics questioned.
edgeX: watch out for
- The regular-user maker fee of 0.040% is close to the 0.045% taker fee, so resting orders save little.
- The Terms block US and Canadian residents from the interface and prohibit VPN workarounds.
- Referral rewards start only after 5 valid friends and $500K of friends' volume, and no referee discount is stated.
FAQ
Is Hyperliquid better than edgeX?
Hyperliquid is cheaper: a $1,000 buy-and-sell costs $0.86 in platform fees vs $0.90 on edgeX. Pick Hyperliquid if you are perps traders outside the US who want onchain order-book trading from their own wallet, with fees that drop by volume and HYPE staking. Pick edgeX if you are non-US, non-Canadian perps traders who want an Ethereum-settled order book with stock and forex perps and an email login option.
Which is cheaper, Hyperliquid or edgeX?
Hyperliquid. On a $1,000 round trip: Hyperliquid $0.86 vs edgeX $0.90, platform fees only.
Can I use Hyperliquid or edgeX in the US?
Hyperliquid: not available. edgeX: not available. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Hyperliquid Docs: Fees — checked 2026-10-16
- Hyperliquid Docs: Referrals — checked 2026-10-16
- Hyperliquid Docs: Builder codes — checked 2026-10-16
- Hyperliquid Terms of Use (last updated June 15, 2026) — checked 2026-10-16
- Hyperliquid Docs: About Hyperliquid — checked 2026-10-16
- Hyperliquid Docs: Core contributors — checked 2026-10-16
- edgeX VIP Trading Program & Fee Discounts (read via r.jina.ai) — checked 2026-10-16
- edgeX V2 public metadata API (default fee rates per contract) — checked 2026-10-16
- edgeX Docs: Trading Fees — checked 2026-10-16
- edgeX Referral Program (read via r.jina.ai) — checked 2026-10-16
- edgeX Terms of Use — checked 2026-10-16
- edgeX Docs: edgeX V1 — checked 2026-10-16