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Perpmate vs Hyperliquid
Which platform is better for trading stock perps? Here's how Perpmate and Hyperliquid stack up on fees, leverage, selection and 24/7 access.
Perpmate
Popular5.0
The fastest way to trade stock perps — any stock, 24/7, low fees.
Low, transparent trading fees
Trade US stock perps 24/7, including weekends
Up to 50x leverage (incl. forex pairs)
No KYC — connect a wallet and trade instantly
Widest selection of stock perps
Newer platform building out its track record
Hyperliquid
4.9
The largest on-chain perpetuals exchange.
Deepest liquidity of any on-chain perp DEX
Fast order book with pro-grade tooling
Growing list of stock perps via HIP-3 builder markets
Charges maker/taker fees
Equity leverage capped lower than crypto
Feature-by-feature comparison
| Feature | Perpmate | Hyperliquid |
|---|---|---|
| Fees | Low maker/taker fees | Low maker/taker fees |
| Max leverage | Up to 50x | Up to 20x (equities) |
| Selection | US stocks, forex, indices, ETFs & more | Wide selection incl. stock perps (via HIP-3) |
| Chain / venue | On-chain | Hyperliquid L1 |
| Best for | Traders who want everything in one place | Deep liquidity and pro tooling |
| US Stock Perps | ||
| Zero Fees | ||
| High Leverage (50x+) | ||
| 24/7 Trading | ||
| No KYC | ||
| Rating | 5.0 | 4.9 |
The verdict
Perpmate edges out Hyperliquid for most stock-perp traders thanks to its feature set and traders who want everything in one place. Choose Hyperliquid if you specifically need deep liquidity and pro tooling.