Hyperliquid vs dYdX for trading bots (2026)
Pick Hyperliquid if you want agent keys that simply can't withdraw and every account's record public. Pick dYdX for open-source chain software, keys you can scope by action, market and sub-account, and builder codes up to 1%.
| Hyperliquid | dYdX | |
|---|---|---|
| Safety score | Safety 50% | Safety 68% |
| Bot key | API (agent) wallets can trade for your account but can't withdraw or transfer. source | Permissioned keys can be limited by action, market and sub-account, so a trading key can be barred from withdrawals and transfers. Keys can't cap order size or leverage. source |
| Testnet | Public testnet (api.hyperliquid-testnet.xyz). | Public testnet front end, indexer and faucet. |
| Base fees | Base tier: 0.015% maker, 0.045% taker (14-day volume tiers). source | Tier 1: 0.01% maker, 0.05% taker; governance can change fees, so check dydx.trade. source |
| Rate limits | REST: 1,200 weight per minute per IP. | Long-lived orders: 2 per block and 20 per 100 blocks per account; short-term orders and cancels: 4,000 per 5 blocks. Indexer: 100 requests per 10 seconds per IP. |
| Public account data | Any account's fills, positions and PnL can be read from the public info API; vaults are public. | The keyless indexer returns any address's positions, fills, transfers and historical PnL; MegaVault's results are public. |
| Builder codes | Up to 0.1% on perps and 1% on spot; the user approves a max fee from the main wallet. | Builder codes on any order, up to 1% of the fill, with no vote needed. |
| Referrals | Create a code after $10,000 of volume; 10% of referees' fees, less their discount. | Affiliate program open after $10 of volume: up to 15% of referees' taker fees (capped per referral); vetted VIP affiliates more. |
| Restricted | US and Ontario (Canada) restricted by the terms, plus sanctioned places. | US and Canada plus sanctioned places, per the docs' compliance page. |
| AI agent tools | No official MCP server; community ones only. | No official MCP server or agent kit; community only. |
| Code and audits | Our directory lists no public source code or audit report for its core software. | Open-source chain, indexer and clients; audit reports are in the v4-chain repo. |
| Watch out | Market-manipulation losses have landed on the HLP vault twice in the past year. | Pin client package versions: its official npm and PyPI packages were compromised in January 2026. |
FAQ
Is Hyperliquid or dYdX better for a trading bot?
Pick Hyperliquid if you want agent keys that simply can't withdraw and every account's record public. Pick dYdX for open-source chain software, keys you can scope by action, market and sub-account, and builder codes up to 1%.
Which is safer for an AI agent, Hyperliquid or dYdX?
Hyperliquid: API (agent) wallets can trade for your account but can't withdraw or transfer. dYdX: Permissioned keys can be limited by action, market and sub-account, so a trading key can be barred from withdrawals and transfers. Keys can't cap order size or leverage.
Which has lower fees, Hyperliquid or dYdX?
Hyperliquid: Base tier: 0.015% maker, 0.045% taker (14-day volume tiers). dYdX: Tier 1: 0.01% maker, 0.05% taker; governance can change fees, so check dydx.trade.