Onchain Perpetual Futures Narrow Execution Gap With Centralized Exchanges

A study by Castle Labs analyzing live order books reveals that Hyperliquid's resting liquidity for four out of five major crypto assets is comparable to the median liquidity found on Binance, Bybit, and OKX. The research indicates that trading on Hyperliquid is more cost-effective, though a performance gap persists regarding the pricing of stocks and commodities during periods when underlying markets are closed.