# Gate vs Hyperliquid

> Gate scores 56.4 (C) to Hyperliquid's 50 (D) for exchange market data. Prices, MCP, x402, uptime and agent notes side by side.

- Canonical: https://www.anchorterminal.com/compare/gate-io-vs-hyperliquid
- Markdown: https://www.anchorterminal.com/compare/gate-io-vs-hyperliquid.md (~4,050 tokens)
- Site index for agents: https://www.anchorterminal.com/llms.txt (the key docs and every listing in one file, at most 16 MB, about 4 million tokens: https://www.anchorterminal.com/llms-full.txt)
- API: https://www.anchorterminal.com/api/v1/index.json
- MCP: https://www.anchorterminal.com/mcp (the whole catalogue as tools, no key)
- DNS: dig +short TXT <slug>.grade.anchorterminal.com (the grade as a DNS TXT record, for a sandbox with no HTTP where names still resolve; also top., best.<category>. and <a>.vs.<b>. under the zone, and the same under grade.letme.dev)
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)
- Updated: 2026-11-03

Gate scores 56.4 (C) on agent readiness against Hyperliquid's 50 (D), and leads in 4 of 7 scored categories. Hyperliquid leads on payments & pricing. Both do exchange market data.

- Gate: grade C, 56.4/100, rank #786 of 1349. Markdown https://www.anchorterminal.com/tools/gate-io.md · JSON https://www.anchorterminal.com/api/v1/tools/gate-io.json
- 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
- Best crypto exchange APIs and MCP servers for AI agents: https://www.anchorterminal.com/best/crypto-exchanges/index.md
- All 210 exchanges comparisons: https://www.anchorterminal.com/compare/crypto-exchanges/index.md

## Which one, for what

### Gate (C)

Good for: An agent trading spot, futures and earn products in a person's Gate account outside the 35 restricted locations, with a keyless MCP for research and an OAuth MCP or scoped key for trading.

Ahead on:
- Schema & documentation, 70 against 42
- Maintenance & community, 77 against 39
- Transparency & trust, 49 against 26

Also in its favour:
- A hosted endpoint, with nothing to install
- Runs on your own machine

Watch for: No status page, incident history or SLA; the terms give no uptime guarantee and cap liability at three months of fees

### Hyperliquid (D)

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

Watch for: No official MCP server; the 23 registry entries are all third parties, several selling data by x402


## Why the edge

### Maintenance & community: Gate +38

- Gate (77): Read as a hosted service with open-source MCP packages. The API changelog's latest entry is 2 November 2026 and gate-skills was pushed 3 November (30). 40 dated changelog entries since 5 August 2026 (20). developer@gate.com, a help centre and issue trackers on gate-mcp and gate-skills, replies not checked (12 of 25). In the official MCP registry under io.github.gateio-dev, a GitHub namespace rather than gate.com, and official SDKs current (10 of 15). The local package has a publish workflow and no test workflow in CI, and its last tag is 16 April 2026 (5 of 10). 77.
- 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.

### Schema & documentation: Gate +28

- Gate (70): No public OpenAPI file was found, though the SDKs are generated and the MCP tools carry typed parameters per the tool reference; the hosted tools' JSON Schema could not be read without a session (12 of 25). The whole REST and WebSocket documentation is downloadable as Markdown and the agent guide is a plain page (10). The tool reference gives one line and the main parameters per tool, the API reference a description per endpoint, no when-not-to-use guidance (12 of 20). Required flags, enums for side, type and time_in_force (11 of 15). Examples per endpoint and a labelled error body with a fixed label list the docs tell you to branch on instead of messages (13 of 15). A versioned changelog, v4.106.177 on 2 November 2026 (12 of 15, since entries are terse). 70.
- 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.

### Transparency & trust: Gate +23

- Gate (49): The editorial half. A closed hosted service with a clear user agreement that names no company; the MCP packages are MIT (12 of 30). The privacy policy names a DPO address and categories of recipients, with no retention numbers and no named subprocessors (12 of 30). The changelog records breaking changes such as the amend endpoint path move of 16 October 2026 with no notice period or policy (8 of 20). Transfers outside the user's jurisdiction are disclosed with no locations or provider names (5 of 20). 37.
- 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.

### Payments & pricing: Hyperliquid +20

- Gate (35): No machine payment protocol (0). The fee page's table loads after login; help centre and learn articles give the VIP 0 spot rates (15 of 20). Market data over REST and the public MCP needs no account and no card (20). A person registers, verifies identity and mints the key or approves the grant in a browser (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.

## Score by category

| Category | Weight | Gate | Hyperliquid | Edge |
| --- | --- | --- | --- | --- |
| Reliability | 16% (20 this run) | 42 | 40 | Gate +2 |
| Performance | 10%, pending | pending | pending | not scored in this run |
| Schema & documentation | 13% (16.2 this run) | 70 | 42 | Gate +28 |
| Agent ergonomics | 13% (16.2 this run) | 66 | 70 | Hyperliquid +4 |
| Security & auth | 14% (17.5 this run) | 60 | 64 | Hyperliquid +4 |
| Payments & pricing | 10% (12.5 this run) | 35 | 55 | Hyperliquid +20 |
| Task success | 10%, pending | pending | pending | not scored in this run |
| Maintenance & community | 7% (8.8 this run) | 77 | 39 | Gate +38 |
| Transparency & trust | 7% (8.8 this run) | 49 | 26 | Gate +23 |
| Negative events | ≤15 | 0 | 0 | |
| **Total** | | **56.4 · C** | **50 · D** | |

## Facts side by side

| Fact | Gate | Hyperliquid |
| --- | --- | --- |
| Kind | HTTP API | HTTP API |
| Vendor | Gate | Hyperliquid Labs |
| Hosted endpoint | `https://api.gatemcp.ai/mcp` | no (local only) |
| Transports | Streamable HTTP, stdio |  |
| Auth | OAuth or key | OAuth or key |
| Pricing | Pay per use | Pay per use |
| x402 | no | no |
| Licence | none | 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 | 58 | 0 |
| Read-only variant documented | yes | no |
| llms.txt | no | yes |
| MCP registry | `io.github.gateio-dev/gate-mcp` | not listed |
| Last release | 2026-11-02 | 2026-06-04 |
| Terms last updated | 2026-07-22 | couldn't be read |
| Privacy policy last updated | no date given | no document linked |
| Customer content may train models | not found in the text | couldn't be read |
| Terms restrict automated access | yes | couldn't be read |
| Terms restrict benchmarking | not found in the text | couldn't be read |
| Terms or service can change without notice | yes | couldn't be read |
| Arbitration or class-action waiver | yes | couldn't be read |
| Popularity | 44 stars | 1.9k stars, 167k PyPI/wk |

## Verdicts

**Gate.** Gate runs official hosted MCP servers with keyless market data and OAuth-scoped trading, a local stdio server with a read-only switch, per-endpoint rate limits with headers and a futures testnet. There is no status page, SLA or OpenAPI file, the fee table needs a login, the MCP host is a separate domain, and the terms name no company.

**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.

## Before you call either

### Gate

1. Start on https://api.gatemcp.ai/mcp for prices and order books with no credential; switch to /mcp/exchange only when the person has approved the OAuth grant with the narrowest scopes
2. For a key-based route, create a key on a dedicated sub-account with read-only on every group but the one the task needs, withdrawal disabled and an IP allow-list; changes take up to 5 minutes
3. Put a unique `text` value starting with t- on every spot order and reuse it on the retry; read the order back before placing again
4. Read X-Gate-RateLimit-Requests-Remain and stop at zero; spot order placement is capped at 10 a second and withdrawals at 1 per 3 seconds
5. Rehearse futures logic on api-testnet.gateapi.io with TestNet keys; there is no spot testnet

### Hyperliquid

1. 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
2. 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"
3. Set a `cloid` on every order and read the per-order `statuses` array; one batch-level error rejects the whole batch
4. 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
5. Arm `scheduleCancel` before unattended trading so open orders are cancelled if the agent stops

## Questions

### Which is better for AI agents, Gate or Hyperliquid?

Gate scores 56.4 (C) on agent readiness against Hyperliquid's 50 (D), and leads in 4 of 7 scored categories. Hyperliquid leads on payments & pricing.

### Do Gate and Hyperliquid need an API key?

Both take an API key or an OAuth sign-in.

### Can an agent call Gate and Hyperliquid without installing anything?

Gate has a hosted endpoint at https://api.gatemcp.ai/mcp. No hosted endpoint is listed for Hyperliquid.


## For agents

- This comparison as JSON: https://www.anchorterminal.com/compare/gate-io-vs-hyperliquid.json, and with the fewest tokens: https://www.anchorterminal.com/compare/gate-io-vs-hyperliquid.min.md
- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {"a": "gate-io", "b": "hyperliquid"}`. From a terminal: `anchor compare gate-io hyperliquid`
- Each listing in full: https://www.anchorterminal.com/api/v1/tools/gate-io.json and https://www.anchorterminal.com/api/v1/tools/hyperliquid.json

## Other comparisons with Gate or Hyperliquid

- [Bitfinex API vs Gate](https://www.anchorterminal.com/compare/bitfinex-vs-gate-io.md)
- [Bitfinex API vs Hyperliquid](https://www.anchorterminal.com/compare/bitfinex-vs-hyperliquid.md)
- [Bitget vs Gate](https://www.anchorterminal.com/compare/bitget-vs-gate-io.md)
- [Bitget vs Hyperliquid](https://www.anchorterminal.com/compare/bitget-vs-hyperliquid.md)
- [Bithumb Open API vs Gate](https://www.anchorterminal.com/compare/bithumb-vs-gate-io.md)
- [Bithumb Open API vs Hyperliquid](https://www.anchorterminal.com/compare/bithumb-vs-hyperliquid.md)
- [Bitstamp API vs Gate](https://www.anchorterminal.com/compare/bitstamp-vs-gate-io.md)
- [Bitstamp API vs Hyperliquid](https://www.anchorterminal.com/compare/bitstamp-vs-hyperliquid.md)
- [Bybit vs Gate](https://www.anchorterminal.com/compare/bybit-vs-gate-io.md)
- [Bybit vs Hyperliquid](https://www.anchorterminal.com/compare/bybit-vs-hyperliquid.md)
- [Crypto.com Exchange API vs Gate](https://www.anchorterminal.com/compare/crypto-com-exchange-vs-gate-io.md)
- [Crypto.com Exchange API vs Hyperliquid](https://www.anchorterminal.com/compare/crypto-com-exchange-vs-hyperliquid.md)
- [Gate vs Gemini Exchange API](https://www.anchorterminal.com/compare/gate-io-vs-gemini-exchange.md)
- [Gate vs HTX trading API](https://www.anchorterminal.com/compare/gate-io-vs-htx.md)
- [Gate vs Kraken API](https://www.anchorterminal.com/compare/gate-io-vs-kraken.md)
- [Gate vs KuCoin](https://www.anchorterminal.com/compare/gate-io-vs-kucoin.md)
- [Gate vs MEXC API](https://www.anchorterminal.com/compare/gate-io-vs-mexc.md)
- [Gate vs OKX API](https://www.anchorterminal.com/compare/gate-io-vs-okx.md)
- [Gate vs Uniswap Trading API](https://www.anchorterminal.com/compare/gate-io-vs-uniswap.md)
- [Gate vs Upbit Open API](https://www.anchorterminal.com/compare/gate-io-vs-upbit.md)
- [Gemini Exchange API vs Hyperliquid](https://www.anchorterminal.com/compare/gemini-exchange-vs-hyperliquid.md)
- [HTX trading API vs Hyperliquid](https://www.anchorterminal.com/compare/htx-vs-hyperliquid.md)
- [Hyperliquid vs Upbit Open API](https://www.anchorterminal.com/compare/hyperliquid-vs-upbit.md)
- [Binance API vs Gate](https://www.anchorterminal.com/compare/binance-vs-gate-io.md)
- [Binance API vs Hyperliquid](https://www.anchorterminal.com/compare/binance-vs-hyperliquid.md)
- [Coinbase Advanced Trade API vs Gate](https://www.anchorterminal.com/compare/coinbase-advanced-trade-vs-gate-io.md)
- [Coinbase Advanced Trade API vs Hyperliquid](https://www.anchorterminal.com/compare/coinbase-advanced-trade-vs-hyperliquid.md)
- [Coinbase MCP server (Coinbase for Agents) vs Gate](https://www.anchorterminal.com/compare/coinbase-mcp-vs-gate-io.md)
- [Coinbase MCP server (Coinbase for Agents) vs Hyperliquid](https://www.anchorterminal.com/compare/coinbase-mcp-vs-hyperliquid.md)
- [Hyperliquid vs Uniswap Trading API](https://www.anchorterminal.com/compare/hyperliquid-vs-uniswap.md)
- [Deribit vs Gate](https://www.anchorterminal.com/compare/deribit-vs-gate-io.md)
- [Deribit vs Hyperliquid](https://www.anchorterminal.com/compare/deribit-vs-hyperliquid.md)
- [dYdX vs Gate](https://www.anchorterminal.com/compare/dydx-vs-gate-io.md)
- [dYdX vs Hyperliquid](https://www.anchorterminal.com/compare/dydx-vs-hyperliquid.md)
- [Hyperliquid vs Kraken API](https://www.anchorterminal.com/compare/hyperliquid-vs-kraken.md)
- [Hyperliquid vs KuCoin](https://www.anchorterminal.com/compare/hyperliquid-vs-kucoin.md)
- [Hyperliquid vs MEXC API](https://www.anchorterminal.com/compare/hyperliquid-vs-mexc.md)
- [Hyperliquid vs OKX API](https://www.anchorterminal.com/compare/hyperliquid-vs-okx.md)

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Query this catalogue directly over MCP: https://www.anchorterminal.com/mcp (Streamable HTTP, no key). How: https://www.anchorterminal.com/agents/#mcp