Cheapest perp venue to hold a position, live funding normalized
TradingHyperliquid
Trails1.36 bps
- p99
- 0.57 bps
- rank
- #3
- samples
- 2,880
OKX
Leads0.14 bps
- p99
- -0.16 bps
- rank
- #1
- samples
- 2,880
Hyperliquid vs OKX
Hyperliquid leads on 0 of 2 shared benchmarks, OKX on 2. OKX wins on Cheapest perp venue to hold a position, live funding normalized (0.14 bps vs 1.36 bps), Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0036% vs 0.017%).
Hyperliquid
Onchain perp DEX on the Hyperliquid L1. Fully onchain orderbook with sub-second matching, no off-chain matching engine.
OKX
OKX is a major centralized exchange whose USDT-margined perpetual swaps settle funding on variable periods (typically 8 hours), with rates capped per instrument.
Side by side measurements
Perp DEX funding stability, 24h stddev of ETH funding ranked
TradingHyperliquid
Trails0.017 %
- p99
- 0.012%
- rank
- #12
- samples
- 2,880
OKX
Leads0.0036 %
- p99
- 0.016%
- rank
- #3
- samples
- 2,880
Frequently asked questions
Hyperliquid vs OKX: which one is better?
Hyperliquid and OKX are compared on 2 shared OpenChainBench benchmarks. OKX leads on Cheapest perp venue to hold a position, live funding normalized. See the live table on this page for every metric.
Which is faster on cheapest perp venue to hold a position, live funding normalized, Hyperliquid or OKX?
On the Cheapest perp venue to hold a position, live funding normalized benchmark, OKX leads at 0.14 bps versus Hyperliquid at 1.36 bps. Live measurement is updated continuously by the OpenChainBench harness.
How is the Hyperliquid vs OKX comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
How this pair was selected
A pair is published when all four conditions hold. Both providers run in the same OpenChainBench benchmark for at least seven consecutive days. Each provider has at least 1000 samples in the measurement window. The head to head query has observable third party search demand. Both providers have a public /products/[slug] page on OCB. The full pair ledger is versioned in the public repo so the methodology is externally verifiable.