# Binance API vs Hyperliquid (slim)

> Binance scores 63.2 (B) to Hyperliquid's 50 (D) for exchange spot trading. Prices, MCP, x402, uptime and agent notes side by side.

- Full: https://www.anchorterminal.com/compare/binance-vs-hyperliquid.md (~4,900 tokens) · this version ~2,630 tokens · JSON https://www.anchorterminal.com/compare/binance-vs-hyperliquid.json · canonical https://www.anchorterminal.com/compare/binance-vs-hyperliquid
- Index: https://www.anchorterminal.com/llms.txt · API: https://www.anchorterminal.com/api/v1/index.json · MCP: https://www.anchorterminal.com/mcp · Updated: 2026-11-03
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)

Binance API scores 63.2 (B) on agent readiness against Hyperliquid's 50 (D), and leads in 6 of 7 scored categories. Hyperliquid leads on payments & pricing. Both do exchange spot trading.

- Binance API: B 63.2, rank #448 of 1349 · https://www.anchorterminal.com/tools/binance.min.md
- Hyperliquid: D 50, rank #1018 of 1349 · https://www.anchorterminal.com/tools/hyperliquid.min.md
- Binance API, good for An agent trading a funded Binance account outside the prohibited countries, with the deepest set of markets in this group and a free testnet. Ahead on Reliability, 45 against 40; Schema & documentation, 86 against 42; Agent ergonomics, 76 against 70; Security & auth, 72 against 64; Maintenance & community, 81 against 39; Transparency & trust, 43 against 26. Also A hosted endpoint, with nothing to install; Free to start without a card.
- Hyperliquid, good for An agent trading perpetuals or spot on chain from its own wallet with no account, or acting for a master account through an approved API wallet. Ahead on Payments & pricing, 55 against 35.

| Category | Binance API | Hyperliquid |
| --- | --- | --- |
| Reliability (16%) | 45 | 40 |
| Performance (10%) | pending | pending |
| Schema & documentation (13%) | 86 | 42 |
| Agent ergonomics (13%) | 76 | 70 |
| Security & auth (14%) | 72 | 64 |
| Payments & pricing (10%) | 35 | 55 |
| Task success (10%) | pending | pending |
| Maintenance & community (7%) | 81 | 39 |
| Transparency & trust (7%) | 43 | 26 |

| Fact (where they differ) | Binance API | Hyperliquid |
| --- | --- | --- |
| Vendor | Binance | Hyperliquid Labs |
| Hosted endpoint | `https://agent.binance.com/mcp/agentic` | no (local only) |
| Transports | Streamable HTTP |  |
| Licence | Proprietary hosted service under Binance's Terms of Use, which load by script and weren't read. The API docs, connectors, CLI and Skills Hub are open on GitHub under MIT | The exchange runs on the Hyperliquid chain (HyperCore), whose node is distributed as a binary under an Apache-2.0 repository; the Python and Rust SDKs are MIT. The API servers and front end are closed |
| Tools exposed | none | 0 |
| Last release | 2026-10-30 | 2026-06-04 |
| Privacy policy last updated | couldn't be read | no document linked |
| Popularity | 4.9k stars | 1.9k stars, 167k PyPI/wk |

Why the edge:
- Schema & documentation, Binance API +44: Binance API 86 (The docs are Markdown in a public repository with a Postman collection and a Swagger spec, but the spec was last pushed in October 2024 (20 of 25). llms.txt and llms-full.txt on developers.binance.com (10). Each endpoint states its weight, parameters and notes on behaviour, with less on when not to use one (15 of 20). Enums for order types, time in force and symbol filters, required columns in the parameter tables (12 of 15). Request and response examples throughout and an error code list with messages (14 of 15). A dated changelog since 2018 with retirements announced months ahead, such as the 2 September 2026 field removal notified on 2 December 2025 (15). 20 + 10 + 15 + 12 + 14 + 15 = 86.); Hyperliquid 42 (No OpenAPI or other machine-readable contract; request and response shapes are tables and JSON examples in the docs (0 of 25). llms.txt and a Markdown twin of every page by appending .md (10). Each info type and exchange action has a short description of what it does, and the signing page lists common mistakes, but little says when to use one call over another (12 of 20). Fields are one-letter keys (`a`, `b`, `p`, `s`, `r`, `t`, `c`) with numbers as strings, enums such as `tif` Alo, Ioc or Gtc, and required fields marked in tables (9 of 15). An example for every call and a list of order and cancel error strings, with no HTTP error table (11 of 15). No API version, no changelog and no dated release notes; deprecated actions such as `userDexAbstraction` are marked in place (0 of 15). Total 42.)
- Maintenance & community, Binance API +42: Binance API 81 (Read as a closed service. The spot changelog's newest entry is 30 October 2026, the MCP docs are dated 30 October and binance-cli v2.2.0 shipped on 20 October (30). Changelog entries on 2 September, 18 September, 27 October and 30 October (20). A public changelog, connectors pushed in October and a Skills Hub merging pull requests weekly; issue replies not read (10 of 15). Official connectors in nine languages current as of October 2026; the MCP server is not in the official registry (15). Connector CI not read; the CLI publishes release installers (6 of 10). 30 + 20 + 10 + 15 + 6 = 81.); Hyperliquid 39 (Read as a closed hosted service with open SDKs. The API has no dated changelog, so the last dated change is the Python SDK's 0.24.0 on 4 June 2026, 152 days before this check; the node repository was pushed on 10 August 2026 and the docs describe newer actions (HIP-4 outcome markets, borrow and lend) without dates. Judgement call (10 of 30). No three dated releases in 90 days (0). Support through Discord and the docs' FAQ, 112 open issues on the SDK whose replies couldn't be read (8 of 25). Official Python and Rust SDKs, the Rust one last pushed 21 October 2025; no MCP registry entry (15). CI on Python 3.9 and 3.13 with Poetry, Dependabot badge, a lock file (6 of 10). Total 39.)
- Payments & pricing, Hyperliquid +20: Binance API 35 (No machine payment protocol (0). A 0.1 per cent standard spot fee is stated in the fee FAQ; the maker and taker table and futures fees load by script and weren't read (15 of 20). Public market data needs no key and the testnet is free with a GitHub login (20). A person signs up, passes Verified Plus verification, deposits and mints a key (0). 0 + 15 + 20 + 0 = 35.); Hyperliquid 55 (No machine payment protocol (0). Fees published per tier without login (20). No card anywhere; public info endpoints are free and the testnet faucet gives 1,000 mock USDC, though only to an address that has deposited on mainnet (15 of 20). No signup; an agent with a funded EVM wallet deposits USDC on a bridged chain and trades, subject to the unread terms (20). Total 55.)
- Transparency & trust, Binance API +17: Binance API 43 (The editorial half. A closed service whose Terms of Use couldn't be read; the docs, connectors, CLI and skills are MIT on GitHub (10 of 30). The privacy notice couldn't be read, so no retention or subprocessor statement was checked; the prohibited-countries list is public and dated (5 of 30). The changelog gives retirement dates for SBE schemas and FIX fields months ahead (16 of 20). No subprocessor or data-location statement read (0 of 20). 10 + 5 + 16 + 0 = 31.); Hyperliquid 26 (The editorial half. The SDKs are MIT and the node repository Apache-2.0 with a Dockerfile around a binary; the API servers and front end are closed and the terms were unreadable (12 of 30). No privacy policy read and nothing in the docs on data handling (0 of 30). Deprecated actions are marked in the docs without dates or a policy (8 of 20). No subprocessors or data locations (0 of 20). Total 20.)
- Security & auth, Binance API +8: Binance API 72 (API keys with HMAC, RSA or Ed25519 signatures, permissions for reading, trading, futures and withdrawals, an IP restriction, revocation in API Management, and OAuth with four scopes on the MCP server; no key expiry found (28 of 30). Read-only keys, sub-accounts, withdrawals only with an IP restriction, and the MCP server's isolated Agentic sub-account with no withdrawal scope and confirmation before writes (18 of 20). The API returns no untrusted content (10). Keys are listed in API Management and used weight is returned per call, but no per-call log for the operator was found (6 of 15). security.txt with a contact and no expiry, a Bugcrowd programme named in the proof-of-solvency repository, no certification read (10 of 20). 28 + 18 + 10 + 6 + 10 = 72.); Hyperliquid 64 (No shared secrets. Actions are signed by the wallet key or by an API wallet the master approves with a name and optional expiry; API wallets can only sign, withdrawals and external sends are user-signed, and approving a new wallet deregisters the old. No IP allow-list or address allow-list (24 of 30). An API wallet is a trading-only credential and info needs no key, but nothing limits order size or marks an action as needing approval (10 of 20). The API returns no untrusted content (10). Fills, historical orders, `userRole` and nonces are queryable per account; no per-wallet action log (8 of 15). A bug bounty run by the Hyper Foundation with rewards up to under 1 million USDC, a Zellic audit of the bridge contract, a SECURITY.md on the SDK; no security.txt (403), no SOC 2 (12 of 20). Total 64.)
- Agent ergonomics, Binance API +6: Binance API 76 (limit on depth, trades and klines, a symbols filter on exchangeInfo and tickers, and SBE encoding, though fields cannot be selected (16 of 25). fromId, startTime, endTime and limit on history endpoints (16 of 20). Error codes with messages an agent can branch on, such as the rate limit and timestamp errors (17 of 20). newClientOrderId on orders, a cancel-replace endpoint and the 5xx unknown-status rule, but no idempotency key on other writes (12 of 20). Connectors in nine languages, a CLI with testnet and demo profiles, and a timestamped HMAC or Ed25519 signature on every private call (15). 16 + 16 + 17 + 12 + 15 = 76.); Hyperliquid 70 (An API, read for response sizing. Time-range calls return at most 500 blocks of data, fills and historical orders cap at 2,000 items, candles at 5,000, l2Book at 20 levels a side (18 of 25). Cursor-by-timestamp pagination on fills and funding, filtering by coin or dex, no field selection (14 of 20). Order errors are documented strings per order, one batch-level error rejects a batch, and `orderStatus` answers `unknownOid`; no codes and no rate-limit error shape (12 of 20). `cloid`, per-signer nonces within a time window, `expiresAfter`, `noop` to burn a nonce and `scheduleCancel` as a dead man's switch (18 of 20). Few required fields, but signing needs msgpack field order, two EIP-712 schemes and lowercase addresses, and the official SDKs are Python (Alpha) and Rust only (8 of 15). Total 70.)