{ "data": { "a": { "slug": "deribit", "name": "Deribit", "vendor": "Deribit FZE", "vendorUrl": "https://www.deribit.com", "kind": "http-api", "category": "crypto-exchanges", "summary": "Deribit is a crypto options, futures and perpetuals exchange owned by Coinbase, with a JSON-RPC API over WebSocket and HTTP, a FIX API and a test environment at test.deribit.com.", "url": "https://www.anchorterminal.com/tools/deribit", "markdownUrl": "https://www.anchorterminal.com/tools/deribit.md", "slimMarkdownUrl": "https://www.anchorterminal.com/tools/deribit.min.md", "jsonUrl": "https://www.anchorterminal.com/api/v1/tools/deribit.json", "dns": "deribit.grade.anchorterminal.com", "license": "Proprietary hosted exchange. The API is documented under the Deribit docs with an OpenAPI 3.0 file; no official client library is published", "transports": [], "packages": [], "auth": "api-key", "authNotes": "API keys are made in the account settings or with `private/create_api_key`, each with scopes `account`, `trade`, `wallet`, `block_trade` and `block_rfq` at `read`, `read_write` or `none`, plus `ip:ADDR` and `expires` limits. Tokens come from `public/auth` by `client_credentials` (key and secret), `client_signature` (HMAC-SHA256 over timestamp, nonce and data, so the secret never travels) or `refresh_token`. Self-generated Ed25519 or RSA keys let Deribit hold only the public half. The HTTP example passes `client_secret` in the query string (https://docs.deribit.com/articles/authentication, https://docs.deribit.com/articles/access-scope, checked 2026-11-03).", "pricing": "usage", "pricingNotes": "The API has no charge of its own; trades pay maker and taker fees per instrument. The fee schedule is on support.deribit.com, which answered our reader with 403, so the lowest-tier rates are unchecked. Deribit's own posts of 14 October and 2 November 2026 give VIP4 to VIP7 taker fees of 1.75 to 1.40 bps on perpetuals and futures from 19 October 2026, and 0 bps maker fees on USDC-settled linear daily options from 5 November 2026 (https://insights.deribit.com/exchange-updates/new-fee-tier-on-perpetuals-and-futures/, checked 2026-11-03).", "priceSummary": "0.02% fee", "where": "local", "x402": { "level": "no", "evidence": "No x402, MPP or L402 in the API docs, the OpenAPI file or the articles index (checked 2026-11-03). Accounts are funded by crypto deposit after a browser signup.", "endpoints": [] }, "toolCount": 0, "popularity": { "githubStars": null, "npmWeekly": null, "pypiWeekly": null, "asOf": "2026-11-03" }, "docsUrl": "https://docs.deribit.com/", "llmsTxt": "https://docs.deribit.com/llms.txt", "openapi": "https://docs.deribit.com/specifications/deribit_openapi.json", "capabilities": [ "exchange.derivatives", "exchange.market-data", "exchange.spot-trading", "exchange.balances", "exchange.transfers", "market.crypto" ], "tags": [ "official", "hosted", "closed-source", "openapi", "llms-txt", "api-key", "sandbox", "usage-priced", "no-status-page", "bug-bounty", "rest" ], "lastRelease": "2026-10-13", "graded": true, "anchor": { "graded": true, "score": 59, "grade": "C", "agentReady": false, "rank": 650, "ranked": true, "rankOf": 1349, "categoryRank": 9, "methodology": "0.7", "run": "2026-10-01", "scores": { "ergonomics": 74, "maintenance": 65, "payments": 25, "reliability": 45, "schema": 88, "security": 62, "transparency": 46 }, "pending": [ "performance", "tasks" ], "assessment": { "confidence": "low", "date": "2026-11-03" }, "negative": 0, "verdict": "Deribit's JSON-RPC API has scoped keys with IP and expiry limits, asymmetric signing, an OpenAPI file, numeric rate limits and a 64-entry changelog. There is no official MCP server or client library, the fee schedule, terms and privacy policy sit on a support site that refused our reader, and the status page did not resolve.", "bestFor": "An agent trading crypto options, dated futures and perpetuals for an institutional or retail Deribit account, and anyone migrated from Coinbase International Exchange.", "strengths": [ "Keys carry `account`, `trade`, `wallet`, `block_trade` and `block_rfq` scopes at read, read_write or none, with `ip:ADDR` and `expires` limits, and Ed25519 or RSA keys keep the private half off Deribit", "OpenAPI 3.0 and AsyncAPI files, llms.txt indexes and Markdown twins for every reference page", "Credit-based rate limits with numbers, per sub-account, and an errors page of about 159 codes with retry guidance (10028 back off, 10040 retry, 13009 refresh)", "A separate test environment at test.deribit.com with the same API and its own accounts and keys", "A dated JSON-RPC changelog since 2020 and an upcoming docs branch that previews the next release" ], "weaknesses": [ "No official MCP server, and the GitHub organisation has no public repositories, so no official SDK in any language", "The fee schedule, terms of service, privacy policy and restricted-jurisdictions list are on support.deribit.com, which answered 403, so the lowest-tier maker and taker fees are unchecked", "status.deribit.com did not resolve for our reader and Coinbase's status page has no Deribit component we could find, so the incident record is unchecked", "The HTTP authentication example sends `client_secret` in the query string", "Breaking changes such as the 15 September 2026 change to `user.changes` carry no notice period in the changelog" ], "agentNotes": [ "Create the key with `trade:read_write` and `wallet:none`, an `ip:` limit and an `expires` value; keep `account:read` unless the task edits subaccounts", "Authenticate with `client_signature` or an Ed25519 key over WebSocket rather than `client_credentials` over HTTP, which puts the secret in the URL", "Watch the `limits` field of `private/get_account_summary` and back off on error 10028; a session that runs out of credits is closed and must reconnect", "Send a `nonce` with orders so a retry after a timeout does not place a second order, and treat `order_not_found` on cancel as a possible fill", "Develop against https://test.deribit.com/api/v2 first; production and test need separate accounts and keys" ], "metrics": { "kind": "remote", "measured": false }, "reviewCount": 0, "avgRating": 0, "history": [ { "basis": "public evidence", "confidence": "low", "grade": "C", "methodology": "0.7", "pending": [ "performance", "tasks" ], "run": "2026-10-01", "runLabel": "October 2026 research run", "score": 59 } ], "editorialScores": { "ergonomics": 74, "maintenance": 65, "payments": 25, "reliability": 45, "schema": 88, "security": 62, "transparency": 22 }, "provenanceScore": 69, "checked": { "categories": { "ergonomics": "2026-11-03", "maintenance": "2026-11-03", "payments": "2026-11-03", "reliability": "2026-11-03", "schema": "2026-11-03", "security": "2026-11-03", "transparency": "2026-11-03" }, "last": "2026-11-03", "oldest": "2026-11-03", "stale": false, "staleAfterDays": 90 } }, "connect": { "http": "curl 'https://test.deribit.com/api/v2/public/get_order_book?instrument_name=BTC-PERPETUAL\u0026depth=5'" }, "letme": { "capability": "https://letme.dev/exchange.derivatives", "tool": "https://letme.dev/deribit" }, "area": "payments", "unitPrices": [ { "item": "Perpetual and futures taker fee, VIP4 tier", "unit": "pct", "usd": 0.0175, "note": "1.75 bps from 19 October 2026 per Deribit's post of 14 October 2026. Base-tier fees unchecked" } ], "provenance": { "legalEntity": "Deribit FZE", "domain": "deribit.com", "domainRegistered": "2014-01-15", "endpointOnVendorDomain": true, "terms": "https://support.deribit.com/hc/en-us/articles/25944532191645-Deribit-Exchange-Membership-Terms-Deribit-FZE", "privacy": "", "statusPage": "", "changelog": "https://docs.deribit.com/changelogs/jsonrpc", "securityTxt": "unknown", "checked": "2026-11-03", "notes": [ "Deribit FZE is on VARA's public register, licence VL/23/12/002, active, issued 1 November 2024. Deribit's own post of 29 November 2024 says institutional and qualified investors contract with Deribit FZE and retail clients with DRB Panama, a broker member.", "The terms URL comes from a search result title (Deribit Exchange Membership Terms, Deribit FZE, version 26 January 2026); support.deribit.com answered 403 to our reader, so the terms, the privacy policy and the fee and restricted-jurisdictions articles were not read.", "RDAP gives deribit.com a registration date of 15 January 2014, registrar MarkMonitor.", "status.deribit.com did not resolve on 3 November 2026 and Coinbase's status page showed no Deribit component or incident, so no status page is recorded.", "https://www.deribit.com/.well-known/security.txt answered an HTML page with only the site title, so security.txt is unknown. Deribit's bug bounty runs on HackerOne per the support article title and HackerOne's customer story; insights.deribit.com/bug-bounty answered 403.", "docs.deribit.com/robots.txt allows everything but /cdn-cgi/ and /_next/, with Content-Signal ai-input=yes. support.deribit.com's robots.txt allows article pages; the 403 is the site's answer, not a robots rule." ], "score": 69 }, "pageJsonUrl": "https://www.anchorterminal.com/tools/deribit.json", "live": { "slug": "deribit", "securityTxt": { "url": "https://deribit.com/.well-known/security.txt", "state": "none", "checkedAt": "2026-11-04T15:54:13.971728133Z" }, "updatedAt": "2026-11-04T15:54:13.971728133Z" } }, "answer": "Deribit scores 59 (C) on agent readiness against Hyperliquid's 50 (D), and leads in 5 of 7 scored categories. Hyperliquid leads on payments \u0026 pricing.", "b": { "slug": "hyperliquid", "name": "Hyperliquid", "vendor": "Hyperliquid Labs", "vendorUrl": "https://hyperliquid.xyz", "kind": "http-api", "category": "crypto-exchanges", "summary": "Hyperliquid is a perpetuals and spot exchange whose order book runs on its own chain. Agents trade through the REST info and exchange endpoints and WebSocket at api.hyperliquid.xyz, signing with a wallet key or an approved API wallet.", "url": "https://www.anchorterminal.com/tools/hyperliquid", "markdownUrl": "https://www.anchorterminal.com/tools/hyperliquid.md", "slimMarkdownUrl": "https://www.anchorterminal.com/tools/hyperliquid.min.md", "jsonUrl": "https://www.anchorterminal.com/api/v1/tools/hyperliquid.json", "dns": "hyperliquid.grade.anchorterminal.com", "repo": "https://github.com/hyperliquid-dex/hyperliquid-python-sdk", "license": "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", "transports": [], "packages": [ { "registry": "pypi", "name": "hyperliquid-python-sdk" } ], "auth": "mixed", "authNotes": "No API keys. Every exchange action is a signed message from an EVM wallet; info requests need no signature. A master account approves API wallets (agent wallets) with `approveAgent`, optionally named and with an expiry, which can only sign on its behalf and cannot query data. L1 actions (orders, cancels, margin settings) and user-signed actions (USDC and spot sends, withdrawals, approvals) use two different EIP-712 schemes, and the docs recommend an SDK for signing. Nonces are per signer, must sit within two days behind and one day ahead of block time, and sub-accounts signed by one API wallet share its nonce set (https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/nonces-and-api-wallets.md, checked 2026-11-03).", "pricing": "usage", "pricingNotes": "The API has no charge. Base-tier fees are 0.045% taker and 0.015% maker on perpetuals and 0.070% taker and 0.040% maker on spot, assessed on rolling 14-day volume, falling to 0.024% taker and 0% maker above $7 billion, with maker rebates to -0.003% for large maker share and staking discounts of 5% to 40%. Withdrawals to the bridge cost $1; an activation gas fee applies to a first order. `reserveRequestWeight` buys extra rate limit at 0.0005 USDC a request (https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees.md, checked 2026-11-03).", "priceSummary": "0.04% fee", "where": "local", "x402": { "level": "no", "evidence": "No x402, MPP or L402 in the API docs (checked 2026-11-03). Accounts are funded by depositing USDC on Arbitrum or other bridged chains; several third-party MCP servers in the registry sell Hyperliquid data by x402, none of them Hyperliquid's.", "endpoints": [] }, "toolCount": 0, "popularity": { "githubStars": 1873, "npmWeekly": null, "pypiWeekly": 167497, "asOf": "2026-11-03" }, "docsUrl": "https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api", "llmsTxt": "https://hyperliquid.gitbook.io/hyperliquid-docs/llms.txt", "capabilities": [ "exchange.derivatives", "exchange.spot-trading", "exchange.market-data", "exchange.balances", "exchange.transfers", "exchange.staking", "market.crypto", "wallet.onchain" ], "tags": [ "official", "hosted", "closed-source", "llms-txt", "python", "rust", "sandbox", "usage-priced", "no-key", "no-status-page", "bug-bounty", "rest" ], "lastRelease": "2026-06-04", "graded": true, "anchor": { "graded": true, "score": 50, "grade": "D", "agentReady": false, "rank": 1018, "ranked": true, "rankOf": 1349, "categoryRank": 19, "methodology": "0.7", "run": "2026-10-01", "scores": { "ergonomics": 70, "maintenance": 39, "payments": 55, "reliability": 40, "schema": 42, "security": 64, "transparency": 26 }, "pending": [ "performance", "tasks" ], "assessment": { "confidence": "medium", "date": "2026-11-03" }, "negative": 0, "verdict": "Hyperliquid's API needs no signup or key, an approved API wallet can trade but not withdraw, fees and rate limits are published with numbers, and a testnet mirrors mainnet. There is no official MCP server, OpenAPI file, status page, changelog or readable terms, and signing uses two schemes the docs say to leave to an SDK.", "bestFor": "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.", "strengths": [ "API wallets approved by the master account can only sign trading actions; withdrawals and external transfers need the user's own key", "Numeric rate limits per IP and per address, with weights per request type and a paid `reserveRequestWeight` top-up", "Fees published per tier from 0.045% taker and 0.015% maker on perpetuals, with maker rebates and staking discounts", "A testnet at api.hyperliquid-testnet.xyz with the same API and a faucet of 1,000 mock USDC for addresses that have deposited on mainnet", "Client order IDs (`cloid`), `expiresAfter`, `noop` and a `scheduleCancel` dead man's switch for safe retries" ], "weaknesses": [ "No official MCP server; the 23 registry entries are all third parties, several selling data by x402", "No OpenAPI file, no changelog, no API versioning and no status page found", "The terms of use and privacy policy at app.hyperliquid.xyz draw by script and hyperliquid.xyz/terms answered 403, so the restricted jurisdictions are unchecked", "Order errors are message strings without codes, and the docs give no 429 or Retry-After guidance beyond one request every 10 seconds when limited", "The official Python SDK is marked Alpha, last released 4 June 2026, with 112 open issues" ], "agentNotes": [ "Generate a fresh API wallet, approve it with `approveAgent` with a name and expiry, sign with it, and query with the master address, never the agent address", "Use the Python SDK's `sign_l1_action` and `sign_user_signed_action`; mixing the two, field order in msgpack or an uppercase address gives \"User or API Wallet ... does not exist\"", "Set a `cloid` on every order and read the per-order `statuses` array; one batch-level error rejects the whole batch", "Budget address limits by volume (one action per 1 USDC traded after 10,000); batch orders to lower IP weight, and use WebSocket for data", "Arm `scheduleCancel` before unattended trading so open orders are cancelled if the agent stops" ], "metrics": { "kind": "remote", "measured": false }, "reviewCount": 0, "avgRating": 0, "history": [ { "basis": "public evidence", "confidence": "medium", "grade": "D", "methodology": "0.7", "pending": [ "performance", "tasks" ], "run": "2026-10-01", "runLabel": "October 2026 research run", "score": 50 } ], "editorialScores": { "ergonomics": 70, "maintenance": 39, "payments": 55, "reliability": 40, "schema": 42, "security": 64, "transparency": 20 }, "provenanceScore": 32, "checked": { "categories": { "ergonomics": "2026-11-03", "maintenance": "2026-11-03", "payments": "2026-11-03", "reliability": "2026-11-03", "schema": "2026-11-03", "security": "2026-11-03", "transparency": "2026-11-03" }, "last": "2026-11-03", "oldest": "2026-11-03", "stale": false, "staleAfterDays": 90 } }, "connect": { "install": "pip install hyperliquid-python-sdk", "http": "curl -X POST https://api.hyperliquid.xyz/info -H 'Content-Type: application/json' -d '{\"type\":\"l2Book\",\"coin\":\"BTC\"}'" }, "letme": { "capability": "https://letme.dev/exchange.derivatives", "tool": "https://letme.dev/hyperliquid" }, "area": "payments", "unitPrices": [ { "item": "Perpetuals taker fee, tier 0", "unit": "pct", "usd": 0.045, "note": "0.045% of notional; maker 0.015%" }, { "item": "Spot taker fee, tier 0", "unit": "pct", "usd": 0.07, "note": "0.070% of notional; maker 0.040%" }, { "item": "Bridge withdrawal", "unit": "tx", "usd": 1, "note": "$1 per withdrawal to the bridge contract" } ], "provenance": { "legalEntity": "", "domain": "hyperliquid.xyz", "domainRegistered": "2022-10-15", "endpointOnVendorDomain": true, "terms": "https://app.hyperliquid.xyz/terms", "privacy": "", "statusPage": "", "changelog": "", "securityTxt": "unknown", "checked": "2026-11-03", "notes": [ "No legal entity found on a readable page. The docs name Hyperliquid Labs (self-funded) and the Hyper Foundation (bug bounty); app.hyperliquid.xyz/terms and hyperfoundation.org draw by script and hyperliquid.xyz/terms answered 403.", "RDAP gives hyperliquid.xyz a registration date of 15 October 2022, registrar Squarespace Domains.", "No status page found; status.hyperliquid.xyz did not resolve and the docs link none. No changelog; the docs have no dated release notes.", "https://hyperliquid.xyz/.well-known/security.txt answered 403, so security.txt is unknown. The docs' bug bounty page gives bugbounty@hyperfoundation.org.", "hyperliquid.gitbook.io/robots.txt allows everything with Content-Signal ai-input=yes; hyperliquid.xyz/robots.txt allows everything." ], "score": 32 }, "pageJsonUrl": "https://www.anchorterminal.com/tools/hyperliquid.json", "live": { "slug": "hyperliquid", "securityTxt": { "url": "https://hyperliquid.xyz/.well-known/security.txt", "state": "unknown", "checkedAt": "2026-11-04T15:54:05.956872316Z" }, "updatedAt": "2026-11-04T15:54:05.956872316Z" } }, "edges": [ { "by": 46, "category": "schema", "leads": "deribit", "name": "Schema \u0026 documentation", "reasons": { "a": "OpenAPI 3.0.0 for the whole JSON-RPC surface (Deribit API 2.1.1, about 1.4 million characters) plus AsyncAPI files for the WebSocket side (25). llms.txt with production and upcoming indexes, and a Markdown twin of every page (10). Each operation has a description such as \"Places a buy order for an instrument.\" with parameter notes, and the articles say when to use WebSocket subscriptions over polling, but the reference seldom says when not to use a method (13 of 20). Parameters are typed with enums (order `type` has eight values, `time_in_force` four) and required flags, with `amount` or `contracts` as a documented either-or (13 of 15). Every reference page carries an example request and response, and the errors page lists about 159 codes with retry guidance, though most operations document only a 200 response and the smaller error tables disagree with the full one on two codes (12 of 15). A versioned path (/api/v2), a production and an upcoming docs branch, and a dated changelog of 64 entries since 21 January 2020 (15). Total 88.", "b": "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." }, "scores": { "a": 88, "b": 42 } }, { "by": 30, "category": "payments", "leads": "hyperliquid", "name": "Payments \u0026 pricing", "reasons": { "a": "No machine payment protocol (0). The fee schedule is on support.deribit.com, which answered 403; Deribit's own posts give VIP4 to VIP7 taker fees and the 0 bps linear options maker fee, so partial prices are public but the lowest tier is unchecked (5 of 20). Public market data needs no key and the test environment is free, with no card anywhere (20). A person signs up in a browser with identity checks before any key exists (0). Total 25.", "b": "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." }, "scores": { "a": 25, "b": 55 } }, { "by": 26, "category": "maintenance", "leads": "deribit", "name": "Maintenance \u0026 community", "reasons": { "a": "Read as a closed service. The JSON-RPC changelog's latest production entry is 13 October 2026 and an entry dated 5 November 2026 describes the next release; Deribit's posts of 14 October and 2 November 2026 change fees (30). Entries of 18 August, 15 September and 13 October 2026, three in 90 days (20). A public changelog and a support site; whether support answers wasn't tested and the support site refused our reader (10 of 15). No official SDK and no MCP registry entry (0). The OpenAPI and AsyncAPI files are maintained with the docs (5 of 10). Total 65.", "b": "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." }, "scores": { "a": 65, "b": 39 } }, { "by": 20, "category": "transparency", "leads": "deribit", "name": "Transparency \u0026 trust", "reasons": { "a": "The editorial half. A closed service whose terms (Deribit FZE membership terms and DRB Panama Inc. terms) sit on a support site that answered 403, with the entity confirmed on VARA's register (12 of 30). The privacy policy was not read, and nothing in the docs states retention (0 of 30). The changelog marks deprecations and the upcoming docs branch previews the next release, but removals such as `public/get_index` on 25 November 2025 carry no notice period (10 of 20). No subprocessor or data-location statement found (0 of 20). Total 22.", "b": "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." }, "scores": { "a": 46, "b": 26 } }, { "by": 5, "category": "reliability", "leads": "deribit", "name": "Reliability", "reasons": { "a": "Read with the hosted lines on the JSON-RPC API. status.deribit.com did not resolve for our reader on 3 November 2026 and Coinbase's status page showed no Deribit component, so no status page is scored, with the unchecked line below (0). No readable history (5). Rate limits are documented with numbers, 50,000 credits per sub-account refilled at 10,000 a second, and matching-engine tiers of 5 to 30 requests a second by 7-day volume (15). Error 10028 ends the session and the errors page says to back off exponentially; 10040 means retry; the 6 May 2026 release added a `nonce` for idempotent orders (15). No SLA found (0). The API is generally available; only Starbase is limited to selected clients (10). 0 + 5 + 15 + 15 + 0 + 10 = 45.", "b": "Read with the hosted lines on the REST API at api.hyperliquid.xyz, the surface an agent calls; the chain behind it is noted under details. No status page found in the docs, on hyperliquid.xyz or at status.hyperliquid.xyz, which did not resolve (0). No readable history (5). Rate limits documented with numbers per IP, per address and per WebSocket connection (15). When limited, an address gets one request every 10 seconds; no 429 shape or Retry-After is documented, but `cloid`, per-signer nonces, `expiresAfter` and `noop` make retries safe (10 of 15). No SLA (0). Mainnet is generally available (10). 0 + 5 + 15 + 10 + 0 + 10 = 40." }, "scores": { "a": 45, "b": 40 } } ], "facts": [ { "a": "HTTP API", "b": "HTTP API", "name": "Kind" }, { "a": "Deribit FZE", "b": "Hyperliquid Labs", "name": "Vendor" }, { "a": "no (local only)", "b": "no (local only)", "name": "Hosted endpoint" }, { "a": "", "b": "", "name": "Transports" }, { "a": "API key", "b": "OAuth or key", "name": "Auth" }, { "a": "Pay per use", "b": "Pay per use", "name": "Pricing" }, { "a": "no", "b": "no", "name": "x402" }, { "a": "Proprietary hosted exchange. The API is documented under the Deribit docs with an OpenAPI 3.0 file; no official client library is published", "b": "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", "name": "Licence" }, { "a": "0", "b": "0", "name": "Tools exposed" }, { "a": "no", "b": "no", "name": "Read-only variant documented" }, { "a": "yes", "b": "yes", "name": "llms.txt" }, { "a": "2026-10-13", "b": "2026-06-04", "name": "Last release" }, { "a": "2026-08-13", "b": "couldn't be read", "name": "Terms last updated" }, { "a": "no document linked", "b": "no document linked", "name": "Privacy policy last updated" }, { "a": "not found in the text", "b": "couldn't be read", "name": "Customer content may train models" }, { "a": "yes", "b": "couldn't be read", "name": "Terms restrict automated access" }, { "a": "not found in the text", "b": "couldn't be read", "name": "Terms restrict benchmarking" }, { "a": "not found in the text", "b": "couldn't be read", "name": "Terms or service can change without notice" }, { "a": "not found in the text", "b": "couldn't be read", "name": "Arbitration or class-action waiver" }, { "a": "none", "b": "1.9k stars, 167k PyPI/wk", "name": "Popularity" } ], "faq": [ { "answer": "Deribit scores 59 (C) on agent readiness against Hyperliquid's 50 (D), and leads in 5 of 7 scored categories. Hyperliquid leads on payments \u0026 pricing.", "question": "Which is better for AI agents, Deribit or Hyperliquid?" }, { "answer": "Deribit needs an API key. Hyperliquid takes an API key or an OAuth sign-in.", "question": "Do Deribit and Hyperliquid need an API key?" }, { "answer": "No hosted endpoint is listed for Deribit. No hosted endpoint is listed for Hyperliquid.", "question": "Can an agent call Deribit and Hyperliquid without installing anything?" } ], "goodFor": [ { "aheadOn": [ "Reliability, 45 against 40", "Schema \u0026 documentation, 88 against 42", "Maintenance \u0026 community, 65 against 39", "Transparency \u0026 trust, 46 against 26" ], "also": null, "goodFor": "An agent trading crypto options, dated futures and perpetuals for an institutional or retail Deribit account, and anyone migrated from Coinbase International Exchange.", "slug": "deribit", "watchFor": "No official MCP server, and the GitHub organisation has no public repositories, so no official SDK in any language" }, { "aheadOn": [ "Payments \u0026 pricing, 55 against 25" ], "also": null, "goodFor": "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.", "slug": "hyperliquid", "watchFor": "No official MCP server; the 23 registry entries are all third parties, several selling data by x402" } ], "history": null, "job": { "capability": "exchange.derivatives", "name": "Exchange derivatives" }, "others": [ { "json": "https://www.anchorterminal.com/compare/bitfinex-vs-deribit.json", "title": "Bitfinex API vs Deribit", "url": "https://www.anchorterminal.com/compare/bitfinex-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/bitfinex-vs-hyperliquid.json", "title": "Bitfinex API vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/bitfinex-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/bitget-vs-deribit.json", "title": "Bitget vs Deribit", "url": "https://www.anchorterminal.com/compare/bitget-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/bitget-vs-hyperliquid.json", "title": "Bitget vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/bitget-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/bithumb-vs-deribit.json", "title": "Bithumb Open API vs Deribit", "url": "https://www.anchorterminal.com/compare/bithumb-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/bithumb-vs-hyperliquid.json", "title": "Bithumb Open API vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/bithumb-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/bitstamp-vs-deribit.json", "title": "Bitstamp API vs Deribit", "url": "https://www.anchorterminal.com/compare/bitstamp-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/bitstamp-vs-hyperliquid.json", "title": "Bitstamp API vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/bitstamp-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/bybit-vs-deribit.json", "title": "Bybit vs Deribit", "url": "https://www.anchorterminal.com/compare/bybit-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/bybit-vs-hyperliquid.json", "title": "Bybit vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/bybit-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/crypto-com-exchange-vs-deribit.json", "title": "Crypto.com Exchange API vs Deribit", "url": "https://www.anchorterminal.com/compare/crypto-com-exchange-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/crypto-com-exchange-vs-hyperliquid.json", "title": "Crypto.com Exchange API vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/crypto-com-exchange-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-upbit.json", "title": "Deribit vs Upbit Open API", "url": "https://www.anchorterminal.com/compare/deribit-vs-upbit" }, { "json": "https://www.anchorterminal.com/compare/gate-io-vs-hyperliquid.json", "title": "Gate vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/gate-io-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/gemini-exchange-vs-hyperliquid.json", "title": "Gemini Exchange API vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/gemini-exchange-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/htx-vs-hyperliquid.json", "title": "HTX trading API vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/htx-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/hyperliquid-vs-upbit.json", "title": "Hyperliquid vs Upbit Open API", "url": "https://www.anchorterminal.com/compare/hyperliquid-vs-upbit" }, { "json": "https://www.anchorterminal.com/compare/binance-vs-deribit.json", "title": "Binance API vs Deribit", "url": "https://www.anchorterminal.com/compare/binance-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/binance-vs-hyperliquid.json", "title": "Binance API vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/binance-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/coinbase-advanced-trade-vs-deribit.json", "title": "Coinbase Advanced Trade API vs Deribit", "url": "https://www.anchorterminal.com/compare/coinbase-advanced-trade-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/coinbase-advanced-trade-vs-hyperliquid.json", "title": "Coinbase Advanced Trade API vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/coinbase-advanced-trade-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/coinbase-mcp-vs-deribit.json", "title": "Coinbase MCP server (Coinbase for Agents) vs Deribit", "url": "https://www.anchorterminal.com/compare/coinbase-mcp-vs-deribit" }, { "json": "https://www.anchorterminal.com/compare/coinbase-mcp-vs-hyperliquid.json", "title": "Coinbase MCP server (Coinbase for Agents) vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/coinbase-mcp-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-uniswap.json", "title": "Deribit vs Uniswap Trading API", "url": "https://www.anchorterminal.com/compare/deribit-vs-uniswap" }, { "json": "https://www.anchorterminal.com/compare/hyperliquid-vs-uniswap.json", "title": "Hyperliquid vs Uniswap Trading API", "url": "https://www.anchorterminal.com/compare/hyperliquid-vs-uniswap" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-dydx.json", "title": "Deribit vs dYdX", "url": "https://www.anchorterminal.com/compare/deribit-vs-dydx" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-gate-io.json", "title": "Deribit vs Gate", "url": "https://www.anchorterminal.com/compare/deribit-vs-gate-io" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-gemini-exchange.json", "title": "Deribit vs Gemini Exchange API", "url": "https://www.anchorterminal.com/compare/deribit-vs-gemini-exchange" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-htx.json", "title": "Deribit vs HTX trading API", "url": "https://www.anchorterminal.com/compare/deribit-vs-htx" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-kraken.json", "title": "Deribit vs Kraken API", "url": "https://www.anchorterminal.com/compare/deribit-vs-kraken" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-kucoin.json", "title": "Deribit vs KuCoin", "url": "https://www.anchorterminal.com/compare/deribit-vs-kucoin" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-mexc.json", "title": "Deribit vs MEXC API", "url": "https://www.anchorterminal.com/compare/deribit-vs-mexc" }, { "json": "https://www.anchorterminal.com/compare/deribit-vs-okx.json", "title": "Deribit vs OKX API", "url": "https://www.anchorterminal.com/compare/deribit-vs-okx" }, { "json": "https://www.anchorterminal.com/compare/dydx-vs-hyperliquid.json", "title": "dYdX vs Hyperliquid", "url": "https://www.anchorterminal.com/compare/dydx-vs-hyperliquid" }, { "json": "https://www.anchorterminal.com/compare/hyperliquid-vs-kraken.json", "title": "Hyperliquid vs Kraken API", "url": "https://www.anchorterminal.com/compare/hyperliquid-vs-kraken" }, { "json": "https://www.anchorterminal.com/compare/hyperliquid-vs-kucoin.json", "title": "Hyperliquid vs KuCoin", "url": "https://www.anchorterminal.com/compare/hyperliquid-vs-kucoin" }, { "json": "https://www.anchorterminal.com/compare/hyperliquid-vs-mexc.json", "title": "Hyperliquid vs MEXC API", "url": "https://www.anchorterminal.com/compare/hyperliquid-vs-mexc" }, { "json": "https://www.anchorterminal.com/compare/hyperliquid-vs-okx.json", "title": "Hyperliquid vs OKX API", "url": "https://www.anchorterminal.com/compare/hyperliquid-vs-okx" } ], "panel": null, "scores": [ { "by": 5, "deribit": 45, "edge": "deribit", "hyperliquid": 40, "key": "reliability", "name": "Reliability", "weight": 16 }, { "key": "performance", "name": "Performance", "pending": true, "weight": 10 }, { "by": 46, "deribit": 88, "edge": "deribit", "hyperliquid": 42, "key": "schema", "name": "Schema \u0026 documentation", "weight": 13 }, { "by": 4, "deribit": 74, "edge": "deribit", "hyperliquid": 70, "key": "ergonomics", "name": "Agent ergonomics", "weight": 13 }, { "by": 2, "deribit": 62, "edge": "hyperliquid", "hyperliquid": 64, "key": "security", "name": "Security \u0026 auth", "weight": 14 }, { "by": 30, "deribit": 25, "edge": "hyperliquid", "hyperliquid": 55, "key": "payments", "name": "Payments \u0026 pricing", "weight": 10 }, { "key": "tasks", "name": "Task success", "pending": true, "weight": 10 }, { "by": 26, "deribit": 65, "edge": "deribit", "hyperliquid": 39, "key": "maintenance", "name": "Maintenance \u0026 community", "weight": 7 }, { "by": 20, "deribit": 46, "edge": "deribit", "hyperliquid": 26, "key": "transparency", "name": "Transparency \u0026 trust", "weight": 7 } ], "summary": "Deribit scores 59 (C) on agent readiness against Hyperliquid's 50 (D), and leads in 5 of 7 scored categories. Hyperliquid leads on payments \u0026 pricing. Both do exchange derivatives.", "tasks": null, "tutorials": [], "verdicts": { "deribit": "Deribit's JSON-RPC API has scoped keys with IP and expiry limits, asymmetric signing, an OpenAPI file, numeric rate limits and a 64-entry changelog. There is no official MCP server or client library, the fee schedule, terms and privacy policy sit on a support site that refused our reader, and the status page did not resolve.", "hyperliquid": "Hyperliquid's API needs no signup or key, an approved API wallet can trade but not withdraw, fees and rate limits are published with numbers, and a testnet mirrors mainnet. There is no official MCP server, OpenAPI file, status page, changelog or readable terms, and signing uses two schemes the docs say to leave to an SDK." } }, "kind": "anchor.page", "links": { "api": "https://www.anchorterminal.com/api/v1/index.json", "html": "https://www.anchorterminal.com/compare/deribit-vs-hyperliquid", "json": "https://www.anchorterminal.com/compare/deribit-vs-hyperliquid.json", "llms": "https://www.anchorterminal.com/llms.txt", "markdown": "https://www.anchorterminal.com/compare/deribit-vs-hyperliquid.md", "mcp": "https://www.anchorterminal.com/mcp", "slim": "https://www.anchorterminal.com/compare/deribit-vs-hyperliquid.min.md" }, "markdown": "Deribit scores 59 (C) on agent readiness against Hyperliquid's 50 (D), and leads in 5 of 7 scored categories. Hyperliquid leads on payments \u0026 pricing. Both do exchange derivatives.\n\n- Deribit: grade C, 59/100, rank #650 of 1349. Markdown https://www.anchorterminal.com/tools/deribit.md · JSON https://www.anchorterminal.com/api/v1/tools/deribit.json\n- Hyperliquid: grade D, 50/100, rank #1018 of 1349. Markdown https://www.anchorterminal.com/tools/hyperliquid.md · JSON https://www.anchorterminal.com/api/v1/tools/hyperliquid.json\n- Best crypto exchange APIs and MCP servers for AI agents: https://www.anchorterminal.com/best/crypto-exchanges/index.md\n- All 210 exchanges comparisons: https://www.anchorterminal.com/compare/crypto-exchanges/index.md\n\n## Which one, for what\n\n### Deribit (C)\n\nGood for: An agent trading crypto options, dated futures and perpetuals for an institutional or retail Deribit account, and anyone migrated from Coinbase International Exchange.\n\nAhead on:\n- Reliability, 45 against 40\n- Schema \u0026 documentation, 88 against 42\n- Maintenance \u0026 community, 65 against 39\n- Transparency \u0026 trust, 46 against 26\n\nWatch for: No official MCP server, and the GitHub organisation has no public repositories, so no official SDK in any language\n\n### Hyperliquid (D)\n\nGood 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.\n\nAhead on:\n- Payments \u0026 pricing, 55 against 25\n\nWatch for: No official MCP server; the 23 registry entries are all third parties, several selling data by x402\n\n\n## Why the edge\n\n### Schema \u0026 documentation: Deribit +46\n\n- Deribit (88): OpenAPI 3.0.0 for the whole JSON-RPC surface (Deribit API 2.1.1, about 1.4 million characters) plus AsyncAPI files for the WebSocket side (25). llms.txt with production and upcoming indexes, and a Markdown twin of every page (10). Each operation has a description such as \"Places a buy order for an instrument.\" with parameter notes, and the articles say when to use WebSocket subscriptions over polling, but the reference seldom says when not to use a method (13 of 20). Parameters are typed with enums (order `type` has eight values, `time_in_force` four) and required flags, with `amount` or `contracts` as a documented either-or (13 of 15). Every reference page carries an example request and response, and the errors page lists about 159 codes with retry guidance, though most operations document only a 200 response and the smaller error tables disagree with the full one on two codes (12 of 15). A versioned path (/api/v2), a production and an upcoming docs branch, and a dated changelog of 64 entries since 21 January 2020 (15). Total 88.\n- 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.\n\n### Payments \u0026 pricing: Hyperliquid +30\n\n- Deribit (25): No machine payment protocol (0). The fee schedule is on support.deribit.com, which answered 403; Deribit's own posts give VIP4 to VIP7 taker fees and the 0 bps linear options maker fee, so partial prices are public but the lowest tier is unchecked (5 of 20). Public market data needs no key and the test environment is free, with no card anywhere (20). A person signs up in a browser with identity checks before any key exists (0). Total 25.\n- 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.\n\n### Maintenance \u0026 community: Deribit +26\n\n- Deribit (65): Read as a closed service. The JSON-RPC changelog's latest production entry is 13 October 2026 and an entry dated 5 November 2026 describes the next release; Deribit's posts of 14 October and 2 November 2026 change fees (30). Entries of 18 August, 15 September and 13 October 2026, three in 90 days (20). A public changelog and a support site; whether support answers wasn't tested and the support site refused our reader (10 of 15). No official SDK and no MCP registry entry (0). The OpenAPI and AsyncAPI files are maintained with the docs (5 of 10). Total 65.\n- 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.\n\n### Transparency \u0026 trust: Deribit +20\n\n- Deribit (46): The editorial half. A closed service whose terms (Deribit FZE membership terms and DRB Panama Inc. terms) sit on a support site that answered 403, with the entity confirmed on VARA's register (12 of 30). The privacy policy was not read, and nothing in the docs states retention (0 of 30). The changelog marks deprecations and the upcoming docs branch previews the next release, but removals such as `public/get_index` on 25 November 2025 carry no notice period (10 of 20). No subprocessor or data-location statement found (0 of 20). Total 22.\n- 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.\n\n### Reliability: Deribit +5\n\n- Deribit (45): Read with the hosted lines on the JSON-RPC API. status.deribit.com did not resolve for our reader on 3 November 2026 and Coinbase's status page showed no Deribit component, so no status page is scored, with the unchecked line below (0). No readable history (5). Rate limits are documented with numbers, 50,000 credits per sub-account refilled at 10,000 a second, and matching-engine tiers of 5 to 30 requests a second by 7-day volume (15). Error 10028 ends the session and the errors page says to back off exponentially; 10040 means retry; the 6 May 2026 release added a `nonce` for idempotent orders (15). No SLA found (0). The API is generally available; only Starbase is limited to selected clients (10). 0 + 5 + 15 + 15 + 0 + 10 = 45.\n- Hyperliquid (40): Read with the hosted lines on the REST API at api.hyperliquid.xyz, the surface an agent calls; the chain behind it is noted under details. No status page found in the docs, on hyperliquid.xyz or at status.hyperliquid.xyz, which did not resolve (0). No readable history (5). Rate limits documented with numbers per IP, per address and per WebSocket connection (15). When limited, an address gets one request every 10 seconds; no 429 shape or Retry-After is documented, but `cloid`, per-signer nonces, `expiresAfter` and `noop` make retries safe (10 of 15). No SLA (0). Mainnet is generally available (10). 0 + 5 + 15 + 10 + 0 + 10 = 40.\n\n## Score by category\n\n| Category | Weight | Deribit | Hyperliquid | Edge |\n| --- | --- | --- | --- | --- |\n| Reliability | 16% (20 this run) | 45 | 40 | Deribit +5 |\n| Performance | 10%, pending | pending | pending | not scored in this run |\n| Schema \u0026 documentation | 13% (16.2 this run) | 88 | 42 | Deribit +46 |\n| Agent ergonomics | 13% (16.2 this run) | 74 | 70 | Deribit +4 |\n| Security \u0026 auth | 14% (17.5 this run) | 62 | 64 | Hyperliquid +2 |\n| Payments \u0026 pricing | 10% (12.5 this run) | 25 | 55 | Hyperliquid +30 |\n| Task success | 10%, pending | pending | pending | not scored in this run |\n| Maintenance \u0026 community | 7% (8.8 this run) | 65 | 39 | Deribit +26 |\n| Transparency \u0026 trust | 7% (8.8 this run) | 46 | 26 | Deribit +20 |\n| Negative events | ≤15 | 0 | 0 | |\n| **Total** | | **59 · C** | **50 · D** | |\n\n## Facts side by side\n\n| Fact | Deribit | Hyperliquid |\n| --- | --- | --- |\n| Kind | HTTP API | HTTP API |\n| Vendor | Deribit FZE | Hyperliquid Labs |\n| Hosted endpoint | no (local only) | no (local only) |\n| Transports | | |\n| Auth | API key | OAuth or key |\n| Pricing | Pay per use | Pay per use |\n| x402 | no | no |\n| Licence | Proprietary hosted exchange. The API is documented under the Deribit docs with an OpenAPI 3.0 file; no official client library is published | 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 |\n| Tools exposed | 0 | 0 |\n| Read-only variant documented | no | no |\n| llms.txt | yes | yes |\n| Last release | 2026-10-13 | 2026-06-04 |\n| Terms last updated | 2026-08-13 | couldn't be read |\n| Privacy policy last updated | no document linked | no document linked |\n| Customer content may train models | not found in the text | couldn't be read |\n| Terms restrict automated access | yes | couldn't be read |\n| Terms restrict benchmarking | not found in the text | couldn't be read |\n| Terms or service can change without notice | not found in the text | couldn't be read |\n| Arbitration or class-action waiver | not found in the text | couldn't be read |\n| Popularity | none | 1.9k stars, 167k PyPI/wk |\n\n## Verdicts\n\n**Deribit.** Deribit's JSON-RPC API has scoped keys with IP and expiry limits, asymmetric signing, an OpenAPI file, numeric rate limits and a 64-entry changelog. There is no official MCP server or client library, the fee schedule, terms and privacy policy sit on a support site that refused our reader, and the status page did not resolve.\n\n**Hyperliquid.** Hyperliquid's API needs no signup or key, an approved API wallet can trade but not withdraw, fees and rate limits are published with numbers, and a testnet mirrors mainnet. There is no official MCP server, OpenAPI file, status page, changelog or readable terms, and signing uses two schemes the docs say to leave to an SDK.\n\n## Before you call either\n\n### Deribit\n\n1. Create the key with `trade:read_write` and `wallet:none`, an `ip:` limit and an `expires` value; keep `account:read` unless the task edits subaccounts\n2. Authenticate with `client_signature` or an Ed25519 key over WebSocket rather than `client_credentials` over HTTP, which puts the secret in the URL\n3. Watch the `limits` field of `private/get_account_summary` and back off on error 10028; a session that runs out of credits is closed and must reconnect\n4. Send a `nonce` with orders so a retry after a timeout does not place a second order, and treat `order_not_found` on cancel as a possible fill\n5. Develop against https://test.deribit.com/api/v2 first; production and test need separate accounts and keys\n\n### Hyperliquid\n\n1. Generate a fresh API wallet, approve it with `approveAgent` with a name and expiry, sign with it, and query with the master address, never the agent address\n2. Use the Python SDK's `sign_l1_action` and `sign_user_signed_action`; mixing the two, field order in msgpack or an uppercase address gives \"User or API Wallet ... does not exist\"\n3. Set a `cloid` on every order and read the per-order `statuses` array; one batch-level error rejects the whole batch\n4. Budget address limits by volume (one action per 1 USDC traded after 10,000); batch orders to lower IP weight, and use WebSocket for data\n5. Arm `scheduleCancel` before unattended trading so open orders are cancelled if the agent stops\n\n## Questions\n\n### Which is better for AI agents, Deribit or Hyperliquid?\n\nDeribit scores 59 (C) on agent readiness against Hyperliquid's 50 (D), and leads in 5 of 7 scored categories. Hyperliquid leads on payments \u0026 pricing.\n\n### Do Deribit and Hyperliquid need an API key?\n\nDeribit needs an API key. Hyperliquid takes an API key or an OAuth sign-in.\n\n### Can an agent call Deribit and Hyperliquid without installing anything?\n\nNo hosted endpoint is listed for Deribit. No hosted endpoint is listed for Hyperliquid.\n\n\n## For agents\n\n- This comparison as JSON: https://www.anchorterminal.com/compare/deribit-vs-hyperliquid.json, and with the fewest tokens: https://www.anchorterminal.com/compare/deribit-vs-hyperliquid.min.md\n- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {\"a\": \"deribit\", \"b\": \"hyperliquid\"}`. From a terminal: `anchor compare deribit hyperliquid`\n- Each listing in full: https://www.anchorterminal.com/api/v1/tools/deribit.json and https://www.anchorterminal.com/api/v1/tools/hyperliquid.json\n\n## Other comparisons with Deribit or Hyperliquid\n\n- [Bitfinex API vs Deribit](https://www.anchorterminal.com/compare/bitfinex-vs-deribit.md)\n- [Bitfinex API vs Hyperliquid](https://www.anchorterminal.com/compare/bitfinex-vs-hyperliquid.md)\n- [Bitget vs Deribit](https://www.anchorterminal.com/compare/bitget-vs-deribit.md)\n- [Bitget vs Hyperliquid](https://www.anchorterminal.com/compare/bitget-vs-hyperliquid.md)\n- [Bithumb Open API vs Deribit](https://www.anchorterminal.com/compare/bithumb-vs-deribit.md)\n- [Bithumb Open API vs Hyperliquid](https://www.anchorterminal.com/compare/bithumb-vs-hyperliquid.md)\n- [Bitstamp API vs Deribit](https://www.anchorterminal.com/compare/bitstamp-vs-deribit.md)\n- [Bitstamp API vs Hyperliquid](https://www.anchorterminal.com/compare/bitstamp-vs-hyperliquid.md)\n- [Bybit vs Deribit](https://www.anchorterminal.com/compare/bybit-vs-deribit.md)\n- [Bybit vs Hyperliquid](https://www.anchorterminal.com/compare/bybit-vs-hyperliquid.md)\n- [Crypto.com Exchange API vs Deribit](https://www.anchorterminal.com/compare/crypto-com-exchange-vs-deribit.md)\n- [Crypto.com Exchange API vs Hyperliquid](https://www.anchorterminal.com/compare/crypto-com-exchange-vs-hyperliquid.md)\n- [Deribit vs Upbit Open API](https://www.anchorterminal.com/compare/deribit-vs-upbit.md)\n- [Gate vs Hyperliquid](https://www.anchorterminal.com/compare/gate-io-vs-hyperliquid.md)\n- [Gemini Exchange API vs Hyperliquid](https://www.anchorterminal.com/compare/gemini-exchange-vs-hyperliquid.md)\n- [HTX trading API vs Hyperliquid](https://www.anchorterminal.com/compare/htx-vs-hyperliquid.md)\n- [Hyperliquid vs Upbit Open API](https://www.anchorterminal.com/compare/hyperliquid-vs-upbit.md)\n- [Binance API vs Deribit](https://www.anchorterminal.com/compare/binance-vs-deribit.md)\n- [Binance API vs Hyperliquid](https://www.anchorterminal.com/compare/binance-vs-hyperliquid.md)\n- [Coinbase Advanced Trade API vs Deribit](https://www.anchorterminal.com/compare/coinbase-advanced-trade-vs-deribit.md)\n- [Coinbase Advanced Trade API vs Hyperliquid](https://www.anchorterminal.com/compare/coinbase-advanced-trade-vs-hyperliquid.md)\n- [Coinbase MCP server (Coinbase for Agents) vs Deribit](https://www.anchorterminal.com/compare/coinbase-mcp-vs-deribit.md)\n- [Coinbase MCP server (Coinbase for Agents) vs Hyperliquid](https://www.anchorterminal.com/compare/coinbase-mcp-vs-hyperliquid.md)\n- [Deribit vs Uniswap Trading API](https://www.anchorterminal.com/compare/deribit-vs-uniswap.md)\n- [Hyperliquid vs Uniswap Trading API](https://www.anchorterminal.com/compare/hyperliquid-vs-uniswap.md)\n- [Deribit vs dYdX](https://www.anchorterminal.com/compare/deribit-vs-dydx.md)\n- [Deribit vs Gate](https://www.anchorterminal.com/compare/deribit-vs-gate-io.md)\n- [Deribit vs Gemini Exchange API](https://www.anchorterminal.com/compare/deribit-vs-gemini-exchange.md)\n- [Deribit vs HTX trading API](https://www.anchorterminal.com/compare/deribit-vs-htx.md)\n- [Deribit vs Kraken API](https://www.anchorterminal.com/compare/deribit-vs-kraken.md)\n- [Deribit vs KuCoin](https://www.anchorterminal.com/compare/deribit-vs-kucoin.md)\n- [Deribit vs MEXC API](https://www.anchorterminal.com/compare/deribit-vs-mexc.md)\n- [Deribit vs OKX API](https://www.anchorterminal.com/compare/deribit-vs-okx.md)\n- [dYdX vs Hyperliquid](https://www.anchorterminal.com/compare/dydx-vs-hyperliquid.md)\n- [Hyperliquid vs Kraken API](https://www.anchorterminal.com/compare/hyperliquid-vs-kraken.md)\n- [Hyperliquid vs KuCoin](https://www.anchorterminal.com/compare/hyperliquid-vs-kucoin.md)\n- [Hyperliquid vs MEXC API](https://www.anchorterminal.com/compare/hyperliquid-vs-mexc.md)\n- [Hyperliquid vs OKX API](https://www.anchorterminal.com/compare/hyperliquid-vs-okx.md)\n", "meta": { "attribution": "Anchor Terminal (https://www.anchorterminal.com)", "attributionRequired": true, "credit": "CC BY 4.0, credit Anchor Terminal and link the page or API address you took it from (https://www.anchorterminal.com/terms/#data)", "docs": "https://www.anchorterminal.com/docs/", "generatedAt": "2026-11-04", "license": "CC-BY-4.0", "method": "https://www.anchorterminal.com/benchmark/", "methodology": "0.7", "openapi": "https://www.anchorterminal.com/openapi.json", "preview": false, "run": "2026-10-01", "runLabel": "October 2026 research run", "terms": "https://www.anchorterminal.com/terms/#data" }, "page": { "breadcrumbs": [ { "name": "Home", "url": "https://www.anchorterminal.com/" }, { "name": "Compare", "url": "https://www.anchorterminal.com/compare/" }, { "name": "Deribit vs Hyperliquid", "url": "" } ], "description": "Deribit scores 59 (C) to Hyperliquid's 50 (D) for exchange derivatives. Prices, MCP, x402, uptime and agent notes side by side.", "facts": [ "Deribit C 59", "Hyperliquid D 50", "scores" ], "h1": "Deribit vs Hyperliquid", "image": "https://www.anchorterminal.com/assets/og/default.png", "path": "/compare/deribit-vs-hyperliquid", "published": "2026-10-01", "section": "tools", "title": "Deribit vs Hyperliquid for AI agents in 2026: scores and prices", "toc": null, "updated": "2026-11-03", "url": "https://www.anchorterminal.com/compare/deribit-vs-hyperliquid" }, "tokens": { "markdown": 4500, "slim": 2330 }, "version": 1 }