Binance vs Hyperliquid — Which Is Better? Fees, Staking & Winner
Updated:
0 of 1 criteria are comparable for Binance and Hyperliquid. An overall winner requires data for every criterion; with incomplete data, choose by the task you need.
Scorecard
Hyperliquid is a perp DEX: it has no exchange staking and no coin withdrawals across networks, so some criteria do not exist for this pair.
| Criteria | Binance | Hyperliquid | Winner |
|---|---|---|---|
| Staking Coverage (coins) | Binance409 | Hyperliquid— | Winner Reference |
| Funding Coverage (coins) | Binance519 | Hyperliquid177 | Winner Reference |
| Network Availability | Binance80.7% | Hyperliquid— | Winner No data |
| Coins in the fee database | Binance648 | Hyperliquid— | Winner Reference |
Rows marked “Reference” show catalogue width — the size of the listing, not the quality of the exchange — and do not count towards the overall result. The result comes from three substantive criteria: staking rates, average withdrawal fee and network availability.
The table shows the average USDT fee across the same set of networks where both exchanges allow withdrawals and publish a fee. The summary shows the fee on the named network (TRC20 first, then other networks), not the absolute minimum. The cheapest transfer between these exchanges is calculated separately and requires deposits on the receiving side.
Which one for which job
An overall score decides little: the two exchanges win on different axes. Here is which ones, with the number next to each.
Everything for one coin
Rate, withdrawal and funding per coin at once: Binance on the left, Hyperliquid on the right.
| Coin | Staking APR | Withdrawal, cheapest network | Funding per 8h |
|---|---|---|---|
| BTC staking | Staking APR 0.02% / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0072% / +0.0007% |
| ETH staking | Staking APR 1.70% / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0039% / +0.0013% |
| USDT staking | Staking APR 2.38% / — | Withdrawal, cheapest network — / — | Funding per 8h — / — |
| USDC staking | Staking APR 1.89% / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0025% / — |
| SOL staking | Staking APR 4.00% / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0031% / +0.0009% |
| BNB staking | Staking APR 0.32% / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0069% / +0.0001% |
| XRP staking | Staking APR 0.04% / — | Withdrawal, cheapest network — / — | Funding per 8h -0.0039% / +0.0000% |
| GRAM staking | Staking APR 7.20% / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / +0.0013% |
| ADA staking | Staking APR 1.41% / — | Withdrawal, cheapest network — / — | Funding per 8h -0.0075% / -0.0016% |
| DOGE staking | Staking APR 0.06% / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0014% / -0.0001% |
| HYPE staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0038% / +0.0013% |
This pair has no data for that coin.
The fee is the cheapest network with withdrawals open at each exchange; the networks are named separately below the numbers because they often differ. A dash means “not in our data”, not “unsupported”.
How these two differ
Binance and Hyperliquid are opposed at the foundation: the largest centralised exchange against a perp-DEX with no account, no verification and no way to restore access. Comparing them "on fees" misses the point — different models carry different risks.
Binance offers spot, derivatives, fiat rails (except ruble ones, wound down by 31 January 2024) and a support desk. Hyperliquid offers perpetuals with an on-chain book and a transparent funding rate, but demands your own wallet and responsibility for the keys.
Under Hyperliquid's Terms of Use, residents and citizens of Russia are Restricted Persons; access is filtered by IP.
Which one suits you
- → you need the full set: spot, derivatives, fiat
- → liquidity and support matter
- → you do not want to be responsible for keys
- → you trade perps only
- → you want an on-chain book and self-custody
- → you accept full responsibility for keys
Access and verification
These terms change more often than the numbers above: every fact carries a check date and a source link.
| Criteria | Binance | Hyperliquid |
|---|---|---|
| Verification (KYC) | BinanceRequired | HyperliquidNot required |
Verification is required for trading and withdrawals.
A non-custodial venue: you connect a wallet, and there is no identity verification step.
This is not legal advice. Exchanges change their rules without notice — check the terms on the platform itself before funding an account.
How to move USDT from Binance to Hyperliquid
Moving from a centralised exchange to a perp-DEX is not an account-to-account transfer: it goes through the blockchain and your own wallet.
- Withdraw a stablecoin from the exchange to your wallet on a network the venue supports — the sending exchange charges the fee.
- Connect the wallet to the venue and deposit into its contract. You pay gas; there is no separate deposit charge.
- The way back is the same in reverse: withdraw from the contract to your wallet, then send to the exchange.
The key difference from an exchange-to-exchange transfer: on a perp-DEX you hold the funds, not the venue — and if you lose the keys there is nobody to restore access.
Staking Rate Comparison
| Coin | Binance APR | Hyperliquid APR |
|---|---|---|
| BTC staking | 0.02% | — |
| ETH staking | 1.70% | — |
| USDT staking | 2.38% | — |
| USDC staking | 1.89% | — |
| SOL staking | 4.00% | — |
| BNB staking | 0.32% | — |
| XRP staking | 0.04% | — |
| GRAM staking | 7.20% | — |
| ADA staking | 1.41% | — |
| DOGE staking | 0.06% | — |
Rates over 90 days
A headline APR is one point in time. This shows what it actually hovered around for three months and how often it moved.
| Coin | Binance | Hyperliquid | ||||||
|---|---|---|---|---|---|---|---|---|
| Now | Average | Range | Changes | Now | Average | Range | Changes | |
| BTC | 0.02% | 0.02% | 0.01–0.02 | 1750 | — | — | — | — |
| ETH | 1.70% | 1.72% | 1.70–1.75 | 1 | — | — | — | — |
| USDT | 2.38% | 2.31% | 1.40–3.42 | 11269 | — | — | — | — |
| USDC | 1.90% | 2.19% | 1.37–3.69 | 10649 | — | — | — | — |
| SOL | 4.00% | 4.10% | 4.00–4.10 | 1 | — | — | — | — |
| BNB | 0.32% | 0.30% | 0.28–0.32 | 2 | — | — | — | — |
| XRP | 0.04% | 0.05% | 0.03–0.08 | 1904 | — | — | — | — |
| GRAM | 7.20% | 7.08% | 6.99–7.20 | 1 | — | — | — | — |
| ADA | 1.41% | 1.47% | 1.41–1.51 | 1 | — | — | — | — |
| DOGE | 0.06% | 0.07% | 0.04–0.16 | 2117 | — | — | — | — |
| HYPE | 0.01% | 0.03% | 0.00–3.20 | 539 | — | — | — | — |
A change means the value moved between samples, not the sample itself: polling records the rate regularly, and without that collapse "changes" would simply equal the number of readings.
Funding Rate Comparison
The main rate is normalized to 8 hours: current rate × 8 / exchange interval. Below it are the original rate and interval, plus a simple annualized equivalent. This is an extrapolation, not a payment forecast. Positive: longs pay shorts; negative: shorts pay longs.
| Coin | Binance | Hyperliquid |
|---|---|---|
| BTC |
0.0072%
+0.0072% per 8 h
7.93% annualized
|
0.0053%
+0.0007% per 1 h
5.81% annualized
|
| ETH |
0.0039%
+0.0039% per 8 h
4.26% annualized
|
0.0100%
+0.0013% per 1 h
10.95% annualized
|
| USDC |
0.0025%
+0.0025% per 8 h
2.74% annualized
|
— |
| SOL |
0.0031%
+0.0031% per 8 h
3.37% annualized
|
0.0068%
+0.0009% per 1 h
7.47% annualized
|
| BNB |
0.0069%
+0.0069% per 8 h
7.54% annualized
|
0.0008%
+0.0001% per 1 h
0.87% annualized
|
| XRP |
-0.0039%
-0.0039% per 8 h
-4.28% annualized
|
0.0000%
+0.0000% per 1 h
0.04% annualized
|
| GRAM |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
0.0100%
+0.0013% per 1 h
10.95% annualized
|
| ADA |
-0.0075%
-0.0075% per 8 h
-8.23% annualized
|
-0.0124%
-0.0016% per 1 h
-13.62% annualized
|
| DOGE |
0.0014%
+0.0014% per 8 h
1.53% annualized
|
-0.0008%
-0.0001% per 1 h
-0.83% annualized
|
| HYPE |
0.0076%
+0.0038% per 4 h
8.32% annualized
|
0.0100%
+0.0013% per 1 h
10.95% annualized
|
Funding on average
Annualised percentages from the average rate over 7 and 30 days. The current rate moves every few hours; the average is a property of the venue.
| Coin | Binance | Hyperliquid | ||
|---|---|---|---|---|
| 7 days | 30 days | 7 days | 30 days | |
| ADA | +0.95% | +2.06% | -6.69% | +1.88% |
| BTC | +4.11% | +3.05% | +8.41% | +8.61% |
| DOGE | +3.75% | +3.16% | +10.39% | +13.28% |
| ETH | +3.58% | +1.69% | +5.37% | +9.04% |
| HYPE | +6.12% | +5.08% | +8.57% | +9.51% |
| SOL | +3.92% | +3.46% | +3.49% | +7.75% |
| XRP | -0.03% | -0.11% | +3.17% | +10.87% |
Arbitrage Opportunities
Current price spreads between Binance and Hyperliquid.
| Coin | Buy On | Sell On | Spread |
|---|---|---|---|
| BTC | Hyperliquid | Binance | 0.08% |
| HYPE | Hyperliquid | Binance | 0.08% |
| SOL | Hyperliquid | Binance | 0.06% |
| ETH | Hyperliquid | Binance | 0.06% |
FAQ
Which suits a beginner?
Is verification required?
Is Hyperliquid available from Russia?
Can I fund in rubles?
What to choose
0 of 1 criteria are comparable for Binance and Hyperliquid. An overall winner requires data for every criterion; with incomplete data, choose by the task you need.
Neither fits? Pick an exchange by task →