Bybit vs Hyperliquid head to head
| Metric | Bybit | Hyperliquid |
|---|---|---|
| Open interest | $6.66B | $17.11B |
| Share of all exchanges tracked | 7.9% | 20.2% |
| Perp volume, 24h | $9.19B | $4.69B |
| Perpetual markets | 773 | 327 |
| OI on the 174 shared coins | $5.90B | $12.92B |
| Avg funding on shared coins / 8h | 0.0099% | 0.0086% |
| Higher funding on | 8 coins | 29 coins |
| OI-weighted funding, all perps / 8h | 0.0095% | 0.0057% |
| Liquidations, 24h | $12.91M | — |
Liquidations are compared only when both exchanges publish a liquidation feed this site reads.
Funding and open interest on shared coins
top 20 of 174 by combined OI| # | Coin | Bybit funding | Hyperliquid funding | Spread / 8h | Bybit OI | Hyperliquid OI |
|---|---|---|---|---|---|---|
| 1 | BTC | 0.0100% | 0.0082% | 0.0018% | $2.34B | $3.10B |
| 2 | ETH | 0.0100% | 0.0100% | 0.0000% | $1.07B | $2.96B |
| 3 | HYPE | 0.0100% | 0.0100% | 0.0000% | $147.94M | $1.89B |
| 4 | SOL | 0.0100% | 0.0100% | 0.0000% | $430.63M | $688.19M |
| 5 | ZEC | 0.0100% | 0.0100% | 0.0000% | $135.50M | $834.29M |
| 6 | NEAR | 0.0100% | 0.0469% | -0.0369% | $126.14M | $420.86M |
| 7 | XRP | 0.0100% | 0.0100% | 0.0000% | $171.66M | $321.78M |
| 8 | ENA | 0.0100% | 0.0100% | 0.0000% | $64.04M | $168.00M |
| 9 | LIT | 0.0100% | 0.0100% | 0.0000% | $17.49M | $210.67M |
| 10 | DOGE | 0.0100% | 0.0195% | -0.0095% | $72.67M | $124.80M |
| 11 | UNI | 0.0100% | 0.0100% | 0.0000% | $50.82M | $112.51M |
| 12 | SUI | 0.0100% | 0.0100% | 0.0000% | $53.04M | $102.20M |
| 13 | WLD | 0.0100% | 0.0394% | -0.0294% | $52.29M | $96.55M |
| 14 | ONDO | 0.0100% | 0.0272% | -0.0172% | $54.45M | $90.04M |
| 15 | LINK | 0.0100% | 0.0100% | 0.0000% | $43.90M | $100.21M |
| 16 | XPL | 0.0100% | 0.0100% | 0.0000% | $27.36M | $105.09M |
| 17 | TAO | 0.0100% | 0.0100% | 0.0000% | $31.33M | $100.19M |
| 18 | AAVE | 0.0100% | 0.0100% | 0.0000% | $31.13M | $84.05M |
| 19 | BNB | 0.0100% | 0.0100% | 0.0000% | $62.55M | $50.27M |
| 20 | LTC | 0.0100% | 0.0100% | 0.0000% | $47.05M | $56.05M |
Coverage. Bybit: Every liquidation (allLiquidation stream); OI and funding polled every 30s. Hyperliquid: No liquidations: Hyperliquid has no public all-market liquidation stream.
How it's counted. Open interest is the USD value of open perpetual positions (one side) at the mark price, summed over the markets this site tracks; stablecoin pairs are left out. Shared coins are coins with a perpetual on both exchanges (Hyperliquid HIP-3 markets excluded); where an exchange lists several perps for a coin, the one with the most open interest is used. Funding is the 8-hour equivalent; the spread is Bybit minus Hyperliquid.