⚠︎ Risk warning: leveraged derivatives on unregulated platforms — you can lose everything you deposit. Not investment advice.
Hyperliquid vs edgeX (2026): What's Verifiable, Compared
Hyperliquid and edgeX are both perpetual futures venues built around on-chain execution, but they publish very different amounts of verifiable detail. This comparison sticks to what each project states in its own documentation — no fee figures borrowed from third-party trackers, and no custody or architecture claims we couldn't confirm ourselves. Where a venue doesn't document a number, we say so instead of filling the gap.
Verification note: both venues' facts verified against their official docs on 2026-09-28; edgeX's access rule against the Terms of Use its app links to. Exact edgeX tier rates are not published in its docs and are deliberately not quoted below.
Verdict
On price, only one of them can be checked. Both are self-custodial order books with a live token, and both document their structure well. The difference is the fee schedule: Hyperliquid publishes every rate, while edgeX's exact rates sit behind an in-app VIP page. edgeX has real documented strengths — stock and forex perps, sub-accounts that share one fee tier, three listed audits — but you cannot compare its cost with confidence before signing in.
At a glance
| Hyperliquid | edgeX | |
|---|---|---|
| Custody | Self-custody · no KYC | Self-custody (per docs) · KYC not stated |
| Settlement | Own L1 | V2 Arbitrum stack, anchored to Ethereum (V1 frozen) |
| Fee structure | 0.045% / 0.015% + tiers | Daily 30d tiers; rates unpublished |
| Gas | On own L1 | Cover stated for V1 only (frozen) |
| Sub-accounts | Share the master tier | Aggregate to one tier |
| Token | HYPE · live | EDGE · live |
| Fee transparency | Public schedule WINNER | App-only rates |
↳ edgeX rates are not published in its docs and are not quoted here. Verified · 2026-09-28
Fees: the transparency gap is the story
Hyperliquid's full fee schedule is public: a 0.045% taker / 0.015% maker base, volume-based tiers on top, a HYPE staking discount that scales from 5% to 40%, and a 4% referral discount. Every number is in the docs, so we quote it directly.
edgeX's documentation describes the same kind of mechanism — a tier system keyed to rolling 30-day volume, recalculated daily — but it doesn't publish the actual rate at each tier. That number lives only inside the app's VIP page, not in the public docs we reviewed. edgeX's public metadata API does carry a "default" taker rate of 0.045% and maker rate of 0.04% on every contract, but the docs never say what "default" covers, so this page does not treat it as the schedule — the edgeX fees page sets out exactly what is and is not published. Check edgeX's live fee page for current figures. Third-party sites do quote edgeX rate tables — we've deliberately chosen not to repeat them here.
Where edgeX wins
- Fee tiers are based on rolling 30-day volume and recalculate daily, so active traders see their tier update quickly rather than waiting for a monthly reset.
- Sub-account volume aggregates with the main account, so trading from multiple sub-accounts still counts toward one shared fee tier.
- It lists stock and forex perpetuals beside crypto — Apple, Nvidia, Tesla, the euro and the yen among them on its public market API.
- Its docs list three audits: Rigsec and SlowMist for the platform, PeckShield for the StarkEx contracts.
Where Hyperliquid wins
- Its entire fee schedule is published and doc-verifiable: 0.045%/0.015% base rates, volume tiers, HYPE staking discounts from 5% to 40%, and a 4% referral discount — nothing locked behind an app-only page.
- You can price a trade before you deposit, which is the one comparison edgeX's docs do not let you make.
Which to pick
If you need to know what a trade costs before you fund an account, Hyperliquid is the one you can check. edgeX has genuine, documented strengths — self-custody with an operator-independent withdrawal path, stock and forex perps — but its exact pricing sits behind an in-app page rather than public docs. Note that edgeX's current Terms of Use bar the United States and Ontario, Canada; an older version still in its docs bars all of Canada. See our full Hyperliquid overview or the broader perp DEX rankings if you're weighing more than these two.
Related comparisons
Venue reviews: Hyperliquid review · edgeX review
FAQ
What are edgeX's fees?
The fee structure is verified: tiers based on rolling 30-day volume, recalculated daily at 00:00 UTC. The exact rate at each tier is not published in the documentation we reviewed — check edgeX's live VIP page inside the app for current numbers.
Does edgeX charge gas?
The docs say "edgeX V1 will cover the gas costs on behalf of users" for trade settlement, but V1's contract has been frozen since 2026-08-14 per L2BEAT, after trading moved to V2 (checked 2026-10-07). For V2 the docs say only that bulk settlement spares users "high mainnet gas costs for every trade execution" — not that edgeX pays the gas — and deposits carry the chain's own gas.
Is edgeX decentralized?
Per its docs, edgeX V1 settled every trade on Ethereum through StarkEx — that contract has been frozen since 2026-08-14 per L2BEAT (checked 2026-10-07) — and V2 runs a rollup that has "temporarily adopted the Arbitrum technology stack" with matching off-chain. Both generations are documented as self-custodial, with withdrawals designed to work even if the operator is down; that path is documented, not tested by this site. See the edgeX review for the audits and the upgradeability risk L2BEAT records.
For the risks common to both venues — smart-contract risk, bridge risk, and the general risks of trading perpetuals — see our risk disclosure.
the Hyperliquid link is an affiliate link — we may earn a commission at no extra cost to you; no commercial relationship with edgeX · methodology