Launching a Hyperliquid DEX: your options compared

The options at a glance

Every row below is checked against what the provider states about itself. Where a provider does not publish something, the table says so rather than guessing.

Build it yourself on builder codes

Hyperliquid's builder codes let any frontend charge a per-order fee, up to 0.1% on perps and 1% on spot, once a trader signs a revocable approval for a maximum rate. You write the trading UI, wire it to Hyperliquid's API or SDK, and route orders with your builder code attached. You keep full control of the product and pay nothing to a platform, but you own everything: the frontend, the wallet flow, hosting, uptime and every future feature. This is the right call if you already have frontend engineers and want full control, and the wrong call if you want to launch this week.

Floatout

Floatout is a hosted, no-code white-label builder. Creating a DEX is free: name it, connect a wallet, sign one ownership message, and it is live on your own subdomain. It starts on a free Starter tier where builder fees go to Floatout and are not claimable by you. Activating your own earnings is a one-time payment (from $2,500) with an ongoing platform share that falls as you move up plans (15%, down to 10% on higher tiers). Every DEX ships with both perps and HIP-4 outcome (prediction) markets, its own subdomain and full theming. Traders keep their funds in their own Hyperliquid accounts. Each activated DEX gets its own fee contract with no withdraw or sweep function. You claim fees with a merkle proof against roots Floatout publishes, so correct allocation depends on that publisher. See how the contract works and current numbers on pricing.

Gizmolab Perps Studio

Perps Studio is a hosted white-label perpetual futures frontend with provider integrations to Hyperliquid or Aster. Its own page describes three steps to go live: customize branding, choose a provider and markets, then launch and monitor from an admin portal. It states a custom domain with SSL, DNS and hosting fully managed, and configurable trading fees, "collected automatically, paid out to you." Gizmolab does not publish pricing publicly, only an illustrative fee calculator example, and does not state where trader funds are held. Ask directly before assuming it matches Floatout's non-custodial design.

Gizmolab also lists a separate Predictions Studio product that aggregates markets from Kalshi, Polymarket and other venues. Its page does not mention Hyperliquid's HIP-4 outcome markets. If you want perps and prediction markets from the same Hyperliquid order book under one brand, check that with Gizmolab directly.

Custom development agencies and "Hyperliquid clone" scripts

A third category: pay an agency or buy a script to build you a Hyperliquid-style frontend. This can mean a real frontend that routes orders to Hyperliquid's own book, the same thing you'd build yourself, just outsourced. It can also mean a fork or a separate venue with its own liquidity, which may look like Hyperliquid but settles somewhere else entirely, with liquidity that's thin or synthetic.

Before paying for one, ask exactly where orders settle and how to verify it independently, for example by checking that fills show up on Hyperliquid's own explorer. "Hyperliquid clone" is a description of the UI, not a guarantee about the order book behind it.

How to choose

Building it yourself only makes sense if you already have frontend engineers and want to own every future feature. A hosted builder like Floatout or Perps Studio makes sense if you want to launch fast under your own brand without hiring for it. An agency or script only makes sense once you've confirmed it routes to real Hyperliquid liquidity and you're comfortable with what it costs to build and then maintain.

If custody and cost are the deciding factors, get exact numbers before committing to a provider that doesn't publish them.

Questions to ask any provider

• Where does the trading balance sit, in the trader's own account or somewhere the provider controls?
• Who can move collected builder fees, and is that path on-chain and verifiable?
• Are earned fees actually claimable by you, or only reported in a dashboard?
• What happens to your brand, your traders and any accrued fees if the provider shuts down?

Related reading

See how to launch a perp DEX for what building one from scratch involves, Hyperliquid builder codes for how the fee itself works, the builder fee calculator for retained-earnings math, and the fully branded route in the white-label crypto exchange guide.

Disclosure: Floatout publishes and hosts this comparison. Details about other providers come from their own public pages as of 26 September 2026 and may have changed since.