edgeX vs Hyperliquid — Which Is Better? Fees, Staking & Winner
Updated:
Not a single criterion has data on both sides for edgeX and Hyperliquid — the venues are built too differently. Below is what is known about each one separately.
Scorecard
| Criteria | edgeX | Hyperliquid | Winner |
|---|---|---|---|
| Funding Coverage (coins) | edgeX81 | Hyperliquid177 | 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: edgeX on the left, Hyperliquid on the right.
| Coin | Staking APR | Withdrawal, cheapest network | Funding per 8h |
|---|---|---|---|
| BTC staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / +0.0001% |
| ETH staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / +0.0010% |
| USDT staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h — / — |
| USDC staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h — / — |
| SOL staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / -0.0007% |
| BNB staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / -0.0001% |
| XRP staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / +0.0001% |
| GRAM staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / +0.0013% |
| ADA staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / -0.0066% |
| DOGE staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0050% / +0.0001% |
| HYPE staking | Staking APR — / — | Withdrawal, cheapest network — / — | Funding per 8h +0.0040% / +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
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 |
|---|---|---|
| Verification (KYC) | edgeXNot required | HyperliquidNot required |
A non-custodial venue: you connect a wallet, and there is no identity verification step.
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.
Staking Rate Comparison
| Coin | edgeX APR | Hyperliquid APR |
|---|---|---|
| BTC staking | — | — |
| ETH staking | — | — |
| USDT staking | — | — |
| USDC staking | — | — |
| SOL staking | — | — |
| BNB staking | — | — |
| XRP staking | — | — |
| GRAM staking | — | — |
| ADA staking | — | — |
| DOGE staking | — | — |
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 | edgeX | Hyperliquid |
|---|---|---|
| BTC |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
0.0010%
+0.0001% per 1 h
1.09% annualized
|
| ETH |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
0.0076%
+0.0010% per 1 h
8.33% annualized
|
| SOL |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
-0.0055%
-0.0007% per 1 h
-6.03% annualized
|
| BNB |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
-0.0004%
-0.0001% per 1 h
-0.48% annualized
|
| XRP |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
0.0005%
+0.0001% per 1 h
0.58% annualized
|
| GRAM |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
0.0100%
+0.0013% per 1 h
10.95% annualized
|
| ADA |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
-0.0524%
-0.0066% per 1 h
extreme, not an annual yield
|
| DOGE |
0.0100%
+0.0050% per 4 h
10.95% annualized
|
0.0007%
+0.0001% per 1 h
0.80% annualized
|
| HYPE |
0.0080%
+0.0040% per 4 h
8.79% 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 | edgeX | Hyperliquid | ||
|---|---|---|---|---|
| 7 days | 30 days | 7 days | 30 days | |
| ADA | +10.95% | +10.95% | -6.47% | +1.94% |
| BTC | +9.09% | +5.73% | +8.44% | +8.62% |
| DOGE | +10.95% | +10.95% | +10.41% | +13.29% |
| ETH | -7.79% | +4.92% | +5.38% | +9.05% |
| HYPE | +4.86% | +4.25% | +8.55% | +9.50% |
| SOL | +9.11% | +6.90% | +3.51% | +7.77% |
| XRP | +10.95% | +9.10% | +3.17% | +10.88% |
Arbitrage Opportunities
Current price spreads between edgeX and Hyperliquid.
FAQ
Is KYC required?
Are they available from Russia?
How do the architectures differ?
Where is funding better?
What to choose
Not a single criterion has data on both sides for edgeX and Hyperliquid — the venues are built too differently. Below is what is known about each one separately.
Neither fits? Pick an exchange by task →