dYdX vs Hyperliquid
Same trade, two venues, full execution cost — fee, spread and slippage measured on live BTC order books, not copied from fee pages. Numbers refresh every minute.
Hyperliquid is cheaper right now for a $100K BTC futures trade — $45.35 less per trade (4.40 bps vs 8.93 bps).
| At $100K · futures | dYdX | Hyperliquid |
|---|---|---|
| Rank of all venues | #43 | #15 |
| All-in cost | 8.93 bps | 4.40 bps |
| On a $100K trade | $89.34 | $43.98 |
| Fee (after discounts) | 5.00 bps | 4.32 bps |
| Spread | 0.24 bps | 0.08 bps |
| Slippage | 3.70 bps | 0.00 bps |
Who wins at your size?
Fees are flat; depth is not. The cheaper venue can flip as order size grows.
| Size | dYdX | Hyperliquid | Cheaper |
|---|---|---|---|
| $10K | $5.24 | $4.40 | Hyperliquid |
| $100K | $89.34 | $43.98 | Hyperliquid |
| $1M | $1.5K | $619.29 | Hyperliquid |
| $10M | $86.5K | $6.4K | Hyperliquid |
Trade on Hyperliquid — cheaper right now
Our link cuts the fee 4%, applied automatically.
Trade on Hyperliquid−4% fees