BinanceHyperliquid
Trading fees (base tier)
Spot maker0.1%0.04%
Spot taker0.1%0.07%
Futures maker0.02%0.015%
Futures taker0.05%0.045%
Markets (live)
Coins listed1,189458
Coins with perpetuals744178
Coins with spot pairs812290
24h volume$72.26B$5.97B
Coins only here209 coins trade on both980249
New listings (detected live)
Last 30 days80
Last 90 days80
Perpetuals listed on both
Cheaper on more coinsof 174 shared perps, by mid price131 coins41 coins
Average funding (24h)positive = longs pay shorts+0.001%+0.009%
Typical price gapmedian between the two venues0.051%0.051%
Safety and access
Proof of reservesYes · monthlyYes · real-time
Licenses2Abu Dhabi (ADGM) authorisation to operate (December 2025), Japan: re-entered via acquisition of Sakura Exchange (November 2022)None listed
Restricted regions7 regionsUnited States (served by separate Binance.US), Canada, Netherlands, United Kingdom (new sign-ups closed), European Union (no MiCA licence since July 2026)…8 regionsUnited States, Ontario (Canada), Cuba, Iran, Syria…
HeadquartersNo official headquarters; operates through regional entities (e.g. Abu Dhabi, Japan)No official HQ disclosed (developed by Hyperliquid Labs)
Exchange tokenBNBHYPE
Incidents on record42
Binance or Hyperliquid?
Binance and Hyperliquid are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.
Binance lists 1,189 coins and Hyperliquid 458. 209 coins trade on both, 980 only on Binance and 249 only on Hyperliquid. In the last 30 days Binance added 8 new coins and Hyperliquid 0.
On the 174 perpetual contracts listed on both exchanges, Binance was cheaper on 131 and Hyperliquid on 41, with a typical gap of 0.051%. Gaps like these are what the arbitrage scanner tracks; average 24h funding on the shared coins was +0.001% on Binance and +0.009% on Hyperliquid.
Fees above are base-tier rates before VIP levels and token discounts; Binance offers 2 discount options and Hyperliquid offers 5 discount options. Availability depends on where you live, so check the restricted regions before signing up.