Decentralized perps vs full-service CEX
OKX has more products including DeFi wallet features. Hyperliquid is pure perps with no KYC. OKX suits traders wanting everything in one place.
| Metric | Hyperliquid | OKX |
|---|---|---|
| Trading Pairs | 150+ | 600+ |
| Maker Fee | 0.02% | 0.02% |
| Taker Fee | 0.05% | 0.05% |
| Max Leverage | 50x | 125x |
| KYC Required | No | Yes |
| Self-Custody | Yes | No |
| DeFi Wallet | N/A | Built-in |
Hyperliquid charges 0.02% maker and 0.05% taker fees. With referral code AWD, you get 4% off, reducing fees to 0.0192% maker and 0.048% taker. Compare this to OKX's fees shown in the comparison table above to see which is better for your trading style.
Yes, OKX is a centralized exchange that requires KYC verification for most features. Hyperliquid is a DEX with no KYC requirements - just connect your wallet and start trading.
Hyperliquid is self-custody - you control your private keys and funds at all times. OKX is custodial, meaning they hold your assets. Both have security trade-offs: self-custody requires you to secure your own wallet, while custodial exchanges can be hacked or freeze accounts.
Hyperliquid consistently handles over $5 billion in daily volume with tight spreads on major pairs. OKX typically has higher overall volume due to being a larger centralized exchange. For perpetual futures specifically, Hyperliquid's orderbook depth is competitive with major CEXs.
Yes, switching is straightforward. Withdraw USDC from OKX to Arbitrum, then bridge to Hyperliquid. Use referral code AWD to get 4% off fees. The interface is similar to centralized exchanges, so the learning curve is minimal.
Use referral code AWD when you sign up. The discount applies to all trades and never expires.
Open Hyperliquid with Code AWD