Cheapest exchange to trade HYPE perpetual futures
The lowest $10,000 HYPE perp cost was 0.93 bps, on Lighter, and Hyperliquid had rank 16 on its own token.
- Lighter, $10K HYPE
- 0.93 bps
- Rank 2, Paradex
- 1.29 bps
- Venues ranked
- 37
- Rank 1 at $1M, Toobit
- 7.44 bps
HYPE cost in bps per venue and order size
| # | Venue | $10,000 | Fee | Spread + impact | $100,000 | $1,000,000 | Type | Depth read | Top 5, 7 days | Rank 1, 7 days |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lighter | 0.93 | 0.00 | 0.93 | 1.66 | 7.82 | DEX | $9.3M | 27 | 24 |
| 2 | Paradex | 1.29 | 0.00 | 1.29 | 20.32 | — | DEX | $153K | 28 | 4 |
| 3 | MEXC | 2.06 | 2.00 | 0.06 | 4.08 | 52.77 | CEX | $13.9M | 28 | 0 |
| 4 | Extended | 2.58 | 2.50 | 0.08 | 3.81 | 23.02 | DEX | $2.5M | 25 | 0 |
| 5 | RISEx | 3.68 | 3.00 | 0.68 | 6.44 | — | DEX | $586K | 8 | 0 |
| 6 | NADO | 3.87 | 3.50 | 0.37 | 5.13 | 21.67 | DEX | $1.1M | 23 | 0 |
| 7 | Aster | 4.31 | 4.00 | 0.31 | 5.34 | 25.42 | DEX | $1.9M | 0 | 0 |
| 8 | Pacifica | 4.61 | 4.00 | 0.61 | — | — | DEX | $46K | 0 | 0 |
| 9 | Gains | 5.05 | 5.00 | 0.05 | 5.45 | 10.76 | DEX, oracle | — | 0 | 0 |
| 10 | GRVT | 5.27 | 4.50 | 0.77 | 5.94 | — | DEX | $640K | 0 | 0 |
| 11 | Binance | 5.37 | 5.00 | 0.37 | 7.24 | 16.44 | CEX | $9.9M | 0 | 0 |
| 12 | BingX | 5.43 | 5.00 | 0.43 | 7.67 | 11.65 | CEX | $15.7M | 0 | 0 |
| 13 | Deribit | 5.47 | 3.50 | 1.97 | 9.94 | 26.57 | CEX | $1.1M | 0 | 0 |
| 14 | edgeX | 5.67 | 4.50 | 1.17 | 5.60 | — | DEX | $514K | 0 | 0 |
| 15 | OKX | 5.68 | 5.00 | 0.68 | 9.02 | 24.54 | CEX | $3.2M | 0 | 0 |
| 16 | Hyperliquid | 5.79 | 4.50 | 1.29 | 8.53 | 15.90 | DEX | $1.4M | 0 | 0 |
| 17 | Toobit | 6.06 | 6.00 | 0.06 | 6.06 | 7.44 | CEX | $49.7M | 0 | 0 |
| 18 | Bitunix | 6.32 | 6.00 | 0.32 | 7.85 | 13.39 | CEX | $11.3M | 0 | 0 |
| 19 | Bybit | 6.36 | 5.50 | 0.86 | 9.42 | 20.35 | CEX | $5.3M | 0 | 0 |
| 20 | BloFin | 6.49 | 6.00 | 0.49 | 7.89 | 15.05 | CEX | $2.0M | 0 | 0 |
| 21 | Avantis | 6.83 | 4.50 | 2.33 | 8.16 | 23.96 | DEX, oracle | — | 0 | 0 |
| 22 | GMX | 7.72 | 6.00 | 1.72 | 8.97 | 18.18 | DEX, oracle | — | 1 | 0 |
| 23 | Gate.io | 7.81 | 5.00 | 2.81 | 15.53 | 44.09 | CEX | $5.8M | 0 | 0 |
| 24 | Apex Omni | 9.04 | 5.00 | 4.04 | 12.73 | — | DEX | $541K | 0 | 0 |
| 25 | Ostium | 9.16 | 6.00 | 3.16 | — | — | DEX, oracle | — | 0 | 0 |
| 26 | Bitget | 9.32 | 6.00 | 3.32 | 11.30 | — | CEX | $533K | 0 | 0 |
| 27 | Kraken | 9.79 | 5.00 | 4.79 | 17.12 | 46.08 | CEX | $3.2M | 0 | 0 |
| 28 | KuCoin | 10.24 | 6.00 | 4.24 | 14.88 | — | CEX | $539K | 0 | 0 |
| 29 | HTX | 10.48 | 6.00 | 4.48 | 13.81 | 39.23 | CEX | $2.0M | 0 | 0 |
| 30 | StandX | 11.13 | 4.00 | 7.13 | 14.05 | — | DEX | $713K | 0 | 0 |
| 31 | Bluefin | 12.23 | 3.50 | 8.73 | — | — | DEX | $26K | 0 | 0 |
| 32 | Hibachi | 14.49 | 4.50 | 9.99 | 17.27 | — | DEX | $301K | 0 | 0 |
| 33 | SunX | 17.70 | 4.00 | 13.70 | — | — | DEX | $68K | 0 | 0 |
| 34 | Phemex | 27.99 | 6.00 | 21.99 | 69.14 | — | CEX | $171K | 0 | 0 |
| 35 | dYdX | 30.47 | 5.00 | 25.47 | 42.75 | 130.64 | DEX | $3.0M | 0 | 0 |
| 36 | WhiteBIT | 30.80 | 5.50 | 25.30 | 37.49 | 58.55 | CEX | $2.9M | 0 | 0 |
| 37 | Aevo | 44.49 | 8.00 | 36.49 | 44.49 | 77.17 | DEX | $1.3M | 0 | 0 |
Not ranked at $10,000: XT.COM (depth not confirmed).
Rank 1 on HYPE went to Lighter at $10,000, Lighter at $100,000 and Toobit at $1,000,000.
Hyperliquid, whose network token is HYPE, moved up from rank 16 at $10,000 to rank 7 at $1,000,000.
Hyperliquid and HYPE facts
- Hyperliquid rank on HYPE
- rank 16 at $10,000, rank 16 at $100,000 and rank 7 at $1,000,000
- Hyperliquid base taker fee
- 4.50 bps
- HYPE venues ranked at $1,000,000
- 23, against 37 at $10,000
- HYPE books that cannot fill $1,000,000
- 14
- Median DEX and CEX cost, $10,000
- 5.79 bps and 6.43 bps
- Median cost added up to $1,000,000
- 17.81 bps (Hyperliquid 10.11 bps)
Stored sweep of October 16, 2026 at 06:56 UTC, cost methodology v9. Values in basis points (bps).
HYPE analysis by section6 sections from the same sweep
14 HYPE books could not fill $1,000,000, more than on any other stored asset.
Hyperliquid on its own token
HYPE is the token of the Hyperliquid network. The Hyperliquid fee page gives a fee discount to accounts that stake HYPE, and this ranking uses the base tier.
On HYPE, Hyperliquid had rank 16 at $10,000, rank 16 at $100,000 and rank 7 at $1,000,000. On BTC, it had rank 16 at $10,000, rank 13 at $100,000 and rank 7 at $1,000,000.
From $10,000 to $1,000,000, the Hyperliquid HYPE cost rose by 10.11 bps. The median HYPE venue rose more, by 17.81 bps.
Fee and book cost of the Hyperliquid HYPE market
The Hyperliquid base taker fee in this sweep was 4.50 bps. Its HYPE spread and impact was 1.29 bps at $10,000, 4.03 bps at $100,000 and 11.40 bps at $1,000,000.
At $1,000,000, the Toobit book added 1.44 bps to a 6.00 bps fee, and Toobit kept the lower total. The $100,000 order went to Lighter at 1.66 bps.
How far HYPE books reach
23 venues had a HYPE rank at $1,000,000, against 37 at $10,000. 14 venues from the $10,000 ranking had no rank at $1,000,000: Paradex, RISEx, Pacifica, GRVT, edgeX, Apex Omni and eight more. 11 of them are DEXs.
For $1,000,000, the cheapest HYPE venues were Toobit, Lighter, Gains, BingX and Bitunix. Their totals ran from 7.44 bps to 13.39 bps.
A fill counts only within 2% of the best price. A $1,000,000 HYPE order did not fill inside that band on Apex Omni, Bitget, Bluefin, edgeX, GRVT and nine more.
Which venues held the HYPE top five
Of 28 HYPE sweeps in the last 7 days, 24 gave rank 1 to Lighter and 4 gave rank 1 to Paradex. MEXC and Paradex were the only HYPE venues in the top five in every sweep. By sweep count, the HYPE top five went most often to MEXC (28), Paradex (28), Lighter (27) and Extended (25).
HYPE on DEX and CEX venues
The median HYPE cost at $10,000 was 5.79 bps on 21 DEX venues and 6.43 bps on 16 CEX venues. At $1,000,000, it was 22.35 bps on DEX venues and 24.54 bps on CEX venues.
On a $10,000 HYPE order, Lighter was the order-book DEX with the best rank, 1.
The first CEX at $1,000,000 was Toobit, at rank 1 with 7.44 bps.
HYPE against the other stored assets
At $10,000, the median HYPE venue cost 6.36 bps. Four of the other six stored assets had a lower median. At $1,000,000, HYPE was number 7 of 7 by median cost, and HYPE had the highest median.
The median HYPE step from $10,000 to $1,000,000 was 17.81 bps, against 0.98 bps on BTC.
Terms used on this page
- Total trading cost (all-in cost)
- Total trading cost (all-in cost) is the selected-side cost of one order at a given size: the fee plus half of the spread plus the price impact, in bps and USD.
- Bid-ask spread
- The spread is the gap between the best bid and the best ask, in basis points (bps) of the mid price. A market order pays half of the spread.
- Slippage (price impact)
- Slippage (price impact) is the extra cost of an order that fills through more than one price level, measured beyond the best quote. A larger order has more price impact.
Cite this data
Use the page address and the date of the data. Attribute the data as "Data: PerpFinder" with a link to the page.
PerpFinder. "Cheapest exchange to trade HYPE perpetual futures." Stored sweep of October 16, 2026 at 06:56 UTC, cost methodology v9. https://perpfinder.com/cheapest-perp-exchange/hype HYPE 7-day cost series (CSV): https://perpfinder.com/api/data/cost-history?market=perp&asset=HYPE&size=10000&days=7&format=csv
Download: HYPE 7-day cost series (CSV)
More HYPE data
Download the 7-day HYPE cost series (CSV). The HYPE asset page shows HYPE funding rates and open interest. The live cost comparison reads the books when you open it.