Hyperliquid vs edgeX: Full Comparison 2026
Detailed comparison of Hyperliquid and edgeX perpetual DEXs including trading fees, 24h volume, open interest, supported chains, and airdrop opportunities. Find out which perp exchange is better for your trading needs.
Quick Verdict
Hyperliquid comes out ahead in this comparison with 2 advantages vs 1 for edgeX. It has higher trading volume, more open interest,. Trading $100K monthly on edgeX saves ~$7 in fees.
Higher Volume
Hyperliquid
Lower Fees
edgeX
More OI
Hyperliquid
Active Airdrop
Neither
Side-by-Side Comparison
Real-time metrics from DefiLlama. Green indicates the better value.
| Metric | Hyperliquid | edgeX |
|---|---|---|
| 24h Volume | $7.49B | $4.37B |
| Open Interest | $9.02B | $912M |
| Maker Fee | 0.015% | 0.012% |
| Taker Fee | 0.045% | 0.038% |
| Blockchain | Hyperliquid L1 | EdgeX L2 |
| Airdrop Status | PointsLive | PointsLive |
| Order Type | CLOB | CLOB |
Hyperliquid Pros & Cons
edgeX Pros & Cons
Trading Cost Comparison
Estimated taker fees for different trade sizes (excluding slippage and funding)
| Trade Size | Hyperliquid | edgeX | Savings |
|---|---|---|---|
| $1,000 | $0.45 | $0.38 | $0.07 on edgeX |
| $10,000 | $4.50 | $3.80 | $0.70 on edgeX |
| $50,000 | $22.50 | $19.00 | $3.50 on edgeX |
| $100,000 | $45.00 | $38.00 | $7.00 on edgeX |
Hyperliquid vs edgeX: Detailed Analysis
Volume & Liquidity
Hyperliquid leads in 24-hour trading volume with $7.49B, compared to $4.37B for edgeX. Higher volume typically means better liquidity, tighter bid-ask spreads, and less slippage on trades. For active traders executing multiple trades daily, this difference can significantly impact overall costs.
Fee Structure
Hyperliquid charges 0.015% maker / 0.045% taker fees, while edgeX charges 0.012% maker / 0.038% taker fees. For a trader with $100,000 monthly volume, using edgeX would save approximately $7 per month in trading fees alone.
Open Interest
Hyperliquid has $9.02B in open interest, versus $912M for edgeX. Open interest represents the total value of outstanding derivative contracts that haven't been settled. Higher OI generally indicates more active trading and can provide insights into market sentiment.
Airdrop Opportunities
Neither platform currently has an active airdrop. Hyperliquid: PointsLive. edgeX: PointsLive. Check our airdrops page for the latest updates.
Hyperliquid vs edgeX FAQ
Conclusion: Which Should You Choose?
Based on the data, Hyperliquid appears to be the stronger choice overall with advantages in trading volume, open interest. However, the best choice depends on your specific needs:
- • For lowest fees: Choose edgeX
- • For best liquidity: Choose Hyperliquid
- • For airdrop farming: Neither has an active airdrop
- • For large orders: Choose Hyperliquid for deeper liquidity
Related Perp Comparisons
Learn more about Hyperliquid or edgeX
Compare all perp fees · View perp airdrops · Track open interest