edgeX vs Hyperliquid — Which Is Better? Fees, Staking & Winner
Our Verdict
Hyperliquid leads on 1 of 6 criteria against 0 for edgeX — the rest are close enough to call a draw. Which of them matters depends on what you need the exchange for.
Scorecard
| Criteria | edgeX | Hyperliquid | Winner |
|---|---|---|---|
| Staking Coverage (coins) | 0 | 0 | Draw |
| Best Rates (top-10 coins) | 0 | 0 | Draw |
| Avg USDT Fee | — | — | No data |
| Funding Coverage (coins) | 0 | 169 | Hyperliquid |
| Network Availability | — | — | No data |
| Withdrawal Coins | 0 | 0 | Draw |
The average USDT fee is computed across all of the exchange's networks; the line under the page heading shows a different figure — the cheapest available network. Hence the two numbers differ: one answers "how much on average", the other "how much if you pick the best route".
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.
How these two differ
edgeX and Hyperliquid are two perp-DEXes with different engineering bets. Hyperliquid built its own chain around the exchange engine. edgeX runs as an Ethereum rollup, leaning on that security and offering a high referral fee rebate.
What they share matters more than what differs: both are non-custodial, neither verifies identity, the user holds the funds, and there is no account recovery if the keys are lost.
Access terms differ in how definite they are: Hyperliquid names Russia among Restricted Persons outright, while edgeX bars access from "Blocked Countries" and prohibits VPN circumvention but publishes no list of those countries — whether Russia is among them cannot be established from the documents.
Which one suits you
- → leaning on Ethereum security matters
- → the high fee-rebate referral programme interests you
- → you accept the risks of a young venue
- → you want the deepest perp-DEX liquidity
- → a long list of perp instruments matters
- → you want mature infrastructure
Access and verification
These terms change more often than the numbers above: every fact carries a check date and a source link.
| Criteria | edgeX | Hyperliquid |
|---|---|---|
| Users from Russia | Not confirmed | Barred by terms |
| Verification (KYC) | Not required | Not required |
| RUB top-up via P2P | No | No |
| RUB card top-up | No | No |
The terms bar access from "Blocked Countries" and prohibit VPN circumvention, but they publish no list of those countries — whether Russia is among them cannot be established from the documents.
A non-custodial venue: you connect a wallet, and there is no identity verification step.
Under the Terms of Use, residents and citizens of Russia are Restricted Persons alongside the US, Iran, North Korea, Cuba, Syria and the occupied territories of Ukraine; access is filtered by IP and circumventing it via VPN is prohibited by the terms. Complying with the platform terms is the user's own responsibility.
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.
Best For
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 | edgeX | Hyperliquid | ||
|---|---|---|---|---|
| 7 days | 30 days | 7 days | 30 days | |
| ADA | -10.95% | -8.96% | -2.40% | +2.13% |
| BTC | +10.95% | +10.95% | +10.69% | +8.35% |
| DOGE | -10.95% | -8.30% | +10.38% | +12.08% |
| ETH | +6.35% | +10.33% | +10.51% | +8.48% |
| GRAM | +10.95% | +10.95% | — | — |
| HYPE | — | +8.28% | +6.71% | +9.29% |
| SOL | +10.95% | +10.95% | +7.04% | +8.35% |
| XRP | — | -7.22% | +10.74% | +7.22% |
Staking Rate Comparison
Funding Rate Comparison
Current perpetual futures funding rates for popular coins.
| Coin | edgeX | Hyperliquid |
|---|---|---|
| BTC | — | +0.0013% |
| ETH | — | +0.0013% |
| SOL | — | +0.0004% |
| BNB | — | +0.0013% |
| XRP | — | +0.0013% |
| GRAM | — | +0.0013% |
| ADA | — | +0.0013% |
| DOGE | — | +0.0013% |
| HYPE | — | +0.0013% |
Arbitrage Opportunities
Current price spreads between edgeX and Hyperliquid.