HHyperliquidCode

Hyperliquid vs dYdX

A side-by-side look at Hyperliquid and dYdX: what you pay per trade, who holds your funds, whether you need KYC and how the native tokens differ.

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Activate 4% fee discount Opens the official app.hyperliquid.xyz — no sign-up form, connect your wallet.
FeatureHyperliquiddYdX
Exchange typeDecentralized (DEX)Decentralized (DEX)
Native tokenHYPEDYDX
Perpetuals Maker0.015%0.010%
Perpetuals Taker0.045%0.050%
Self-custody✓✓
No KYC✓✓
Fully on-chain order book✓✓
Referral discount4% (RABAT)—
Perpetual fees (base tier) — Taker
  • Hyperliquid + RABAT0.0432%
  • Hyperliquid0.0450%
  • dYdX0.0500%

Which one should you choose?

Like Hyperliquid, dYdX is decentralized and self-custodial. Hyperliquid offers lower base taker fees, its own high-performance L1 and deep liquidity. With code RABAT you also get 4% off fees.

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