Perpetual and spot order-book exchange running on its own Layer 1 blockchain (HyperCore and HyperEVM).
New users: Referral code gives a 4% fee discount on the first $25M of volume
Claim on Hyperliquid ↗
Self-custodial exchange for stock tokens and perpetual futures on Robinhood Chain, built by the team behind dYdX in partnership with Robinhood. Trades 24/7.
New users: Perps access via invite code or waitlist, plus Arcus Points (Season 1)
Claim on Arcus ↗
HyperliquidArcus
Trading fees (base tier)
Spot maker0.04%0%
Spot taker0.07%0%
Futures maker0.015%0%
Futures taker0.045%—
Markets (live)
Coins listed45860
Coins with perpetuals17860
Coins with spot pairs2900
24h volume$5.97B$644.5M
Coins only here38 coins trade on both42022
New listings (detected live)
Last 30 days00
Last 90 days00
Safety and access
Proof of reservesYes · real-timeYes · real-time
LicensesNone listedNone listed
Restricted regions8 regionsUnited States, Ontario (Canada), Cuba, Iran, Syria…3 regionsUnited States, United Kingdom, Canada
HeadquartersNo official HQ disclosed (developed by Hyperliquid Labs)—
Exchange tokenHYPE[object Object]
Incidents on record22
Hyperliquid or Arcus?
Hyperliquid and Arcus 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.
Hyperliquid lists 458 coins and Arcus 60. 38 coins trade on both, 420 only on Hyperliquid and 22 only on Arcus. In the last 30 days Hyperliquid added 0 new coins and Arcus 0.
Fees above are base-tier rates before VIP levels and token discounts; Hyperliquid offers 5 discount options and Arcus offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.