Can I trade perps with Rabby?

Yes. Rabby ships in-app perps powered by Hyperliquid with a 0.02% builder fee, slightly below Based's 0.025% on crypto perps. Based still charges the lowest builder fee on equity perps at 0.002%, and wraps the markets in a trading-first app with a portfolio, a card and research built in.

Is Rabby safer than Based?

They solve different problems. Rabby's transaction simulation protects you when signing arbitrary DeFi transactions across EVM chains. Based is a self-custody trading app for Hyperliquid markets; your keys and collateral stay under your control either way.

Can I trade stocks with Rabby?

Rabby carries a selection of equity perps through its Hyperliquid integration, but stocks are not its focus. Through Based you trade perpetual futures on Hyperliquid tracking stocks like MU, SK Hynix and Samsung, 24/7, from a self-custodial wallet. These are derivatives, not shares, with liquidation risk and funding fees.

Which chains does each wallet cover?

Rabby covers 100+ EVM chains and nothing outside the EVM world. Based is built around Hyperliquid for trading and supports coin swaps on Solana, BSC and Robinhood Chain.

Comparison

Based vs Rabby

Rabby is the DeFi-native EVM wallet by DeBank, known for simulating every transaction before you sign it.Based is a self-custody wallet for trading Hyperliquid's 24/7 markets. Different tools built on different assumptions. Here is how they actually compare, without trash talk.

Side by side

Feature	Based	Rabby
What it is	A self-custody wallet for trading on Hyperliquid, a decentralised platform. Not a broker.	An open-source self-custody wallet for Ethereum and EVM chains, built by the team behind the DeBank portfolio tracker.
Chain focus	Purpose-built around Hyperliquid trading, with coin swaps on Solana, BSC and Robinhood Chain.	EVM only, across 100+ networks with automatic chain switching.
Custody	Self-custodial. Assets stay in a wallet you control; Based never holds them.	Self-custodial and fully open source, with hardware wallet support.
Standout strength	A consumer trading experience: markets, portfolio, card, cash products and research unified in one app.	Pre-signature transaction simulation that shows exactly what a transaction will do, plus risk scanning and approval management.
Perp trading	Perpetual futures on Hyperliquid tracking US and Asian stocks, plus crypto perps. Derivatives with liquidation risk and funding fees, not share ownership.	In-app perps powered by Hyperliquid, added in late 2025, sitting next to its DeFi tooling.
Stock perps	Yes. Stock perps on Hyperliquid covering names like MU, SK Hynix, Samsung, SpaceX, CXMT and Unitree, alongside commodities, indices and FX.	A selection of equity perps alongside the crypto markets, but stocks are not the focus.
Around trading	Based Cash, a Visa card for spending crypto balances, plus rewards on USD balances, Based AI research, and coin swaps on Solana, BSC and Robinhood Chain.	Built-in swap aggregation and multi-chain portfolio tracking from DeBank.
Fees	Builder fee 0.025% on crypto perps, the second-lowest among major Hyperliquid wallets. Equity perps run in growth mode at a 0.002% builder fee, the lowest of any Hyperliquid wallet, from 0.011% taker all-in. Staking discounts on top.	Perp trades pay the Hyperliquid trading fee plus a 0.02% Rabby builder fee on each fill, the one major wallet rate below Based's 0.025% on crypto perps. Swaps through its built-in aggregator carry a service fee.

Who Based suits

Based suits people who want to trade, full stop. It is a consumer app on iOS, Android and web with the full Hyperliquid range: stock perps on names like MU, SK Hynix, Samsung, SpaceX, CXMT and Unitree, crypto perps, plus the card and cash products around the trading.

Who Rabby suits

Rabby suits DeFi power users who sign complex transactions every day and want to see exactly what each one does before it happens. Its simulation and approval tooling are best in class for EVM DeFi, and its perps tab charges the lowest builder fee among major wallets on crypto markets, though Based still undercuts it on equity perps. It remains a DeFi wallet first, not a trading app.

Want the mechanics behind the differences? How trading without a broker works and market hours vs 24/7 trading cover them in plain terms. Or jump straight to a market: NVDA, TSLA or the full markets list.

Frequently asked questions

Can I trade perps with Rabby?: Yes. Rabby ships in-app perps powered by Hyperliquid with a 0.02% builder fee, slightly below Based's 0.025% on crypto perps. Based still charges the lowest builder fee on equity perps at 0.002%, and wraps the markets in a trading-first app with a portfolio, a card and research built in.
Is Rabby safer than Based?: They solve different problems. Rabby's transaction simulation protects you when signing arbitrary DeFi transactions across EVM chains. Based is a self-custody trading app for Hyperliquid markets; your keys and collateral stay under your control either way.
Can I trade stocks with Rabby?: Rabby carries a selection of equity perps through its Hyperliquid integration, but stocks are not its focus. Through Based you trade perpetual futures on Hyperliquid tracking stocks like MU, SK Hynix and Samsung, 24/7, from a self-custodial wallet. These are derivatives, not shares, with liquidation risk and funding fees.
Which chains does each wallet cover?: Rabby covers 100+ EVM chains and nothing outside the EVM world. Based is built around Hyperliquid for trading and supports coin swaps on Solana, BSC and Robinhood Chain.

Start in three steps

Step 1
Log in
Log in with your email or Google account. Based supports social logins for convenience, provided by Privy, a Stripe company. Wallets are self-custodial: only you have access to your funds. Neither Based nor Privy can access your wallet or account.
Step 2
Fund it
Deposit USDC. You do not need a bank account to do it.
Step 3
Trade 24/7
Stock and crypto perps. Nights, weekends, holidays.

Open Based How self-custody works

Based is a self-custody wallet, not a broker. Markets are perpetual futures on Hyperliquid: derivatives with liquidation risk and funding fees, not the underlying stocks or coins.