Pacifica vs Hyperliquid
Pick Pacifica for the lower fee.
Pick Hyperliquid for perps traders outside the US; code DEXSHEET gets 4% off fees.
On a $1,000 buy and sell, Pacifica costs $0.80 in platform fees vs $0.86 on Hyperliquid (checked 2026-11-07).
Open Pacifica Open Hyperliquid — 4% off fees
Checked 2026-11-07 · full table belowPacifica is a Solana perpetuals and spot exchange that launched in June 2025 and now also lists real-world assets and pre-IPO markets. Base fees are 0.015% maker and 0.040% taker, and referrals pay in points rather than fee discounts.
Hyperliquid 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.
Pacifica saves $0.06 per $1,000 round trip.
Side by side
| Pacifica | Hyperliquid | |
|---|---|---|
| Type | Perp DEX | Perp DEX |
| Status | live | live |
| Chains | Solana | Hyperliquid |
| Platforms | web | web |
| Custody | Self-custody | Self-custody |
| KYC | unknown | none |
| Platform fee, round trip | 0.08% | 0.09% |
| $1,000 round trip | $0.80 | $0.90 |
| Sign-up perk | 5% point bonus (no trading fee discount is documented) | 4% discount on fees for the first $25M of volume |
| Perps taker / maker | 0.04% / 0.015% | 0.045% / 0.015% |
| United States | Not available | Not available |
| United Kingdom | Unverified | Unverified |
| European Union | Unverified | Unverified |
| Launched | 2025-06 | 2023-02 |
| Reported incidents | 0 | 4 |
Features
| Feature | Pacifica | Hyperliquid |
|---|---|---|
| perps | ✓ | ✓ |
| spot | ✓ | ✓ |
| money market | ✓ | — |
| vaults | ✓ | ✓ |
| unified margin | ✓ | — |
| api | ✓ | — |
| cross margin | ✓ | — |
| isolated margin | ✓ | — |
| points | ✓ | — |
| order book | — | ✓ |
| limit orders | — | ✓ |
| staking discounts | — | ✓ |
| builder codes | — | ✓ |
| HIP-3 builder-deployed perps | — | ✓ |
| outcome markets | — | ✓ |
| HyperEVM | — | ✓ |
| API | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Pacifica: watch out for
- Referrals pay in points; the docs document no fee discount for referred traders.
- A referrer needs $10,000 of volume before getting a link.
- US persons are prohibited and the stated restricted list is non-exhaustive.
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.
FAQ
Is Pacifica better than Hyperliquid?
Pacifica is cheaper: a $1,000 buy-and-sell costs $0.80 in platform fees vs $0.86 on Hyperliquid. Pick Pacifica if you are solana perp traders who want a published volume ladder, 50x leverage on majors and exposure to RWA and pre-IPO markets, and who are outside the United States. 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.
Which is cheaper, Pacifica or Hyperliquid?
Pacifica. On a $1,000 round trip: Pacifica $0.80 vs Hyperliquid $0.86, platform fees only.
Can I use Pacifica or Hyperliquid in the US?
Pacifica: not available. Hyperliquid: 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.
- Pacifica Docs: Trading fees — checked 2026-10-30
- Pacifica Docs: Referral and Affiliate Program — checked 2026-10-30
- Pacifica Docs: Overview (restricted jurisdictions) — checked 2026-10-30
- Pacifica Docs: About Us — checked 2026-10-17
- Pacifica Docs: Fund Security — checked 2026-10-30
- Pacifica Docs: Audits — checked 2026-10-17
- Hyperliquid Docs: Fees — checked 2026-10-27
- Hyperliquid Docs: Referrals — checked 2026-10-27
- Hyperliquid Docs: Builder codes — checked 2026-10-27
- Hyperliquid Terms of Use (last updated June 15, 2026) — checked 2026-11-06
- Hyperliquid Docs: About Hyperliquid — checked 2026-10-16
- Hyperliquid Docs: Core contributors — checked 2026-10-16