Independent reviews and how-tos for perpetual DEXs: Hyperliquid, dYdX, GMX, Aster, Lighter, and more. New and updated pages.https://perpdexguide.com/en-ushttps://perpdexguide.com/aster/https://perpdexguide.com/aster/Aster is an order-book perp DEX on its own L1, Aster Chain, with privacy on by default, USDT- and USD1-margined perp contracts, spot markets, wallet or email login, fees, points, and risks explained.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-derive/https://perpdexguide.com/compare/aster-vs-derive/Aster's order book on its own L1 with 0% maker and 0.04% taker on crypto, against Derive, an options-first exchange settling zero-knowledge-proven batches on Ethereum L1 with 15 perps from 0.03% plus $0.01 taker: fees, custody, leverage, markets and tokens compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-gmx/https://perpdexguide.com/compare/aster-vs-gmx/Aster's order book on its own L1 against GMX's pool-counterparty model on Arbitrum, Avalanche and MegaETH: why the fee columns are not the same axis, funding per second vs per interval, $ASTER vs GMX, and Aster's points vs GMX's esGMX/GT trading rewards.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-nado/https://perpdexguide.com/compare/aster-vs-nado/Aster's order book on its own L1 with 0% maker and 0.04% taker on crypto, against Nado's order book on Ink with one unified margin account across spot, perps and money markets, from 0.035% taker and 0.01% maker: fees, custody, leverage, markets and tokens compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-veranta/https://perpdexguide.com/compare/aster-vs-veranta/Aster's order book on its own L1 with 0% maker and 0.04% taker on crypto, against Veranta's vault-backed perps on Base, where trades fill at the oracle price plus a spread and forex, metals and indices pay no commission in growth mode: fees, custody, leverage, markets and tokens compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-vest/https://perpdexguide.com/compare/aster-vs-vest/Aster's order book on its own L1 with 0% maker and 0.04% taker on crypto, against Vest Markets' zkRisk-priced venue on Base with no fee on US stocks in market hours and 0.01% to open or close crypto: fees, custody, leverage, markets and tokens compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-aster/https://perpdexguide.com/compare/hyperliquid-vs-aster/Hyperliquid vs Aster compared: perp trading fees, custody, KYC, and US access, checked against each venue's official docs on 2026-09-29.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-binance-futures/https://perpdexguide.com/compare/hyperliquid-vs-binance-futures/Hyperliquid vs Binance Futures compared: custody, KYC, base perp fees, funding, fiat on-ramps, and market breadth — verified 2026-07-16.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-derive/https://perpdexguide.com/compare/hyperliquid-vs-derive/Hyperliquid's on-chain perp order book on its own L1 against Derive, an options-first exchange whose v3 matches off-chain and settles in ZK-proven batches on Ethereum: fees, products, leverage, margin, liquidation, tokens and access compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-ondo-perps/https://perpdexguide.com/compare/hyperliquid-vs-ondo-perps/Hyperliquid's on-chain order book on its own L1 against Ondo Perps, a stock-perp venue that matches in an Intel SGX enclave and holds deposits in an omnibus hot wallet with off-chain balances: fees, custody, markets, leverage, collateral and access compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-ostium/https://perpdexguide.com/compare/hyperliquid-vs-ostium/Hyperliquid's order-book crypto perps vs Ostium's RWA-first perps on stocks, forex and commodities — fees and custody compared against each venue's docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-derive/https://perpdexguide.com/compare/lighter-vs-derive/Lighter's zk-rollup order book on Ethereum with 0% on both sides for Standard accounts, against Derive, an options-first exchange settling zero-knowledge-proven batches on Ethereum L1 with 15 perps from 0.03% plus $0.01 taker: fees, custody, leverage, markets and tokens compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-nado/https://perpdexguide.com/compare/lighter-vs-nado/Lighter's zk-rollup order book on Ethereum with 0% on both sides for Standard accounts, against Nado's order book on Ink with one unified margin account across spot, perps and money markets, from 0.035% taker and 0.01% maker: fees, custody, leverage, markets and tokens compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-veranta/https://perpdexguide.com/compare/lighter-vs-veranta/Lighter's zk-rollup order book on Ethereum with 0% on both sides for Standard accounts, against Veranta's vault-backed perps on Base, where trades fill at the oracle price plus a spread and forex, metals and indices pay no commission in growth mode: fees, custody, leverage, markets and tokens compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-vest/https://perpdexguide.com/compare/lighter-vs-vest/Lighter's zk-rollup order book on Ethereum with 0% on both sides for Standard accounts, against Vest Markets' zkRisk-priced venue on Base with no fee on US stocks in market hours and 0.01% to open or close crypto: fees, custody, leverage, markets and tokens compared on their docs.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/data-definitions/https://perpdexguide.com/data-definitions/Where each number on PerpDEX Guide comes from: the live endpoints, the weekly snapshots, the hand-verified data files, how often each refreshes, and the checks that watch them.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/derive/https://perpdexguide.com/derive/Derive is an options-first exchange run by Lyra Technologies Corp whose v3 matches off-chain and settles in zero-knowledge-proven batches on Ethereum L1: 15 perps on its public API at up to about 15x, perp fees of 0.03% plus $0.01 taker and 0.01% maker, European options to 400 days, four separately margined risk universes, liquidation by auction backed by a per-universe Security Module, and Terms that exclude US persons, Australian tax residents and Ontario.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/derive/fees/https://perpdexguide.com/derive/fees/Derive’s costs from its own docs: perp taker $0.01 plus 0.03% and maker 0.01%, option taker $0.5 plus the lesser of 0.03% or 12.5% of premium, no spot fees, up to 100% off the cheaper legs of RFQ trades, a box-spread yield fee, a liquidation fee the docs give as 2% or 10%, hourly funding with per-market caps, and interest on borrowed USDC.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/derive/how-to-start/https://perpdexguide.com/derive/how-to-start/Step-by-step start on Derive from its own docs: the restricted-person check, connecting a wallet, depositing on Ethereum, choosing a risk universe and standard or portfolio margin, placing perp and option orders, and withdrawals that pay out once their batch is verified on L1.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/eu/https://perpdexguide.com/eu/Dated availability pages for the five hub venues: what each venue’s own Terms say about EU and EEA users, the entity behind the interface, and which ESMA registers were checked — facts only, no legal advice.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/https://perpdexguide.com/hyperliquid/Independent review of Hyperliquid: how its on-chain perp order book works, current fee tiers, staking discounts, and the risks of trading there.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/deposit-withdraw/https://perpdexguide.com/hyperliquid/deposit-withdraw/Deposit and withdrawal mechanics for Hyperliquid: accepted chains for USDC, other verified assets, what a withdrawal costs, and the step-by-step flow.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/fees/https://perpdexguide.com/hyperliquid/fees/Every Hyperliquid fee from the official schedule, read 2026-09-16: 0.045% taker / 0.015% maker on perps and 0.070% / 0.040% on spot at tier 0, all seven volume tiers, the six HYPE staking discounts, the 4% referral discount and how they multiply, maker rebates, HIP-3 and outcome-market rules, the $1 withdrawal fee, the 1 USDC account activation charge, and worked examples.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/how-to-start/https://perpdexguide.com/hyperliquid/how-to-start/A verified walkthrough for connecting, depositing USDC, placing a first trade, and withdrawing on Hyperliquid, plus fees and KYC facts.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/is-it-safe/https://perpdexguide.com/hyperliquid/is-it-safe/A structured risk assessment of Hyperliquid: the legacy-bridge audit, native USDC, custody model, the March 2025 JELLY incident, and what remains unregulated.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/kyc/https://perpdexguide.com/hyperliquid/kyc/Hyperliquid requires no identity verification to trade — access is via wallet or email login. What that does and doesn't mean, explained factually.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/nado/https://perpdexguide.com/nado/Nado is a central-limit order book DEX on the Ink L2 from a team the docs tie to Kraken: spot, perps and money markets share one unified cross-margin account settled in USDT0, 82 perps on its public API including 26 US stocks, three FX pairs, silver and oil, fees from 3.5 bps taker and 1 bp maker down to 1.5 bps and a −0.8 bp rebate, hourly funding capped at ±2% a day, an NLP vault that front-runs liquidations, and a points Season 2 with no token named.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/ondo-perps/https://perpdexguide.com/ondo-perps/Ondo Perps trades stock, index, commodity and crypto perps around the clock, but it is not a smart-contract DEX: balances are tracked off-chain, deposits are swept into an omnibus hot wallet, and the trust model is Intel SGX attestation. 65 enabled perps on its API, 0.025% taker and 0.01% maker on a promotion, tokenized stocks as collateral, cross margin only, and Terms that restrict the US, Canada, Panama and a long sanctions list.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/ondo-perps/fees/https://perpdexguide.com/ondo-perps/fees/Ondo Perps’ costs from its own docs: a limited-time 50% discount to 0.01% maker and 0.025% taker (base 0.02% and 0.05%), 14-day volume tiers, spot fees taken from the asset received, a 1.5% liquidation fee to the insurance fund, builder fees up to 10 bps, hourly peer-to-peer funding with a 0.03% daily interest term capped at ±1% an hour, and a 2.5% closed-market fee on weekend Auto-Exchange.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/ondo-perps/how-to-start/https://perpdexguide.com/ondo-perps/how-to-start/Step-by-step start on Ondo Perps from its own docs: the restricted-person check, wallet or email sign-in, funding USDC on Ethereum or Arbitrum or Ondo tokenized stocks on Ethereum to a funding address, haircuts and USDC Debt, cross margin and leverage, orders and TWAP, and withdrawals.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/veranta/https://perpdexguide.com/veranta/Veranta, formerly Avantis, is a vault-backed perp exchange on Base: trades fill at the oracle price plus a spread against the avUSDC vault, USDC is the only collateral, every position is isolated, crypto pays 0.045% taker and 0.001% maker by open-interest skew, forex, metals, indices and equities trade commission-free in "growth mode", leverage reaches 500x on FX majors, and Upside Perps charge only a share of winning trades.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/vest/https://perpdexguide.com/vest/Vest Markets is a perp venue on Base built around zkRisk, a pricing engine that charges risk premia instead of fixed fees: no fee on stocks in US market hours or on FX on weekdays, 0.01% on crypto, 88 tradable perps on its public API (74 stocks, 9 FX, 5 crypto), cross margin only, a mark price set by the last trade, a single validator, and three pricing incidents in 2026 including a full platform rollback.Mon, 05 Oct 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-nado/https://perpdexguide.com/compare/hyperliquid-vs-nado/Hyperliquid's on-chain order book on its own L1 against Nado's off-chain sequencer and on-chain clearinghouse on Ink, with spot, perps and money markets in one unified margin account: fees, markets, margin, loss socialization, tokens and access compared on their docs.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-vest/https://perpdexguide.com/compare/hyperliquid-vs-vest/Hyperliquid's on-chain order book on its own L1 against Vest Markets, a zkRisk-priced venue on Base with free US stock trading in market hours: fees, markets, margin, mark price, incident history, tokens and access compared on their docs.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/dydx/https://perpdexguide.com/dydx/An independent dYdX review covering onboarding, fee tiers, hourly funding, and the officially restricted jurisdictions, including the US, UK, and Canada.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/gmx/https://perpdexguide.com/gmx/GMX runs perp trading on Arbitrum, Avalanche and MegaETH without an order book — GM and GLV pools are the counterparty. Fees, LP economics, and risks explained.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/what-is-a-perp-dex/https://perpdexguide.com/guides/what-is-a-perp-dex/What a perpetual DEX is, how it differs from a centralized exchange, what self-custody actually means, and how order-book and pool-based perp DEXs work.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/nado/fees/https://perpdexguide.com/nado/fees/Nado’s costs from its own docs: seven VIP tiers on 30-day volume from 3.5 bps taker and 1 bp maker to 1.5 bps and a −0.8 bp rebate, a lower FX schedule from 0.70 bps, a minimum taker fee on small orders, flat sequencer fees such as 1 USDT0 per withdrawal, fast withdrawals at 1 USDT0 plus the greater of 5 USDT0 or 10 bps, hourly funding capped at ±2% a day, and a 20% protocol cut of money-market interest.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/nado/how-to-start/https://perpdexguide.com/nado/how-to-start/Step-by-step start on Nado from its own docs: the restricted-territory check, email, Google, X or wallet login, funding by card through Fun.xyz or by crypto from eleven chains into USDT0 on Ink, unified versus isolated margin and subaccounts, order and trigger types, and standard or fast withdrawals.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/vest/fees/https://perpdexguide.com/vest/fees/Vest Markets’ costs from its own docs: no fee on stocks from 4 AM to 8 PM EST on weekdays, 0.05% overnight and 0.10% at weekends; no fee on FX on weekdays and 0.25% at weekends; no fee on ES and NQ; 0.01% to open or close crypto; continuous funding with a 5% APY interest term; zero liquidation penalties; and Vest Capital evaluation fees of $60 to $275.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/vest/how-to-start/https://perpdexguide.com/vest/how-to-start/Step-by-step start on Vest Markets from its own docs: the prohibited-jurisdiction check, sign-up by email, Google or wallet through Privy, USDC deposits by Coinbase onramp or transfer (Base only for email accounts), cross margin and leverage, orders, the 24/5 schedule for non-crypto markets, and withdrawals from $1.Wed, 30 Sep 2026 12:00:00 GMThttps://perpdexguide.com/airdrops/https://perpdexguide.com/airdrops/Every covered perp DEX's points programme in one table — status, season, weekly pool, token, and what the venue's own docs say points become. Each row dated to the docs it was read from.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/delistings/https://perpdexguide.com/aster/delistings/What happens when Aster delists a perp, from its docs: at least 24 hours' notice on X, Telegram and Discord, a reduce-only window in the last 10 minutes, a final mark price averaged over 3,600 one-second index samples, and automatic settlement of open positions with trading fees charged.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/fees/https://perpdexguide.com/aster/fees/Aster's fee schedule read from its docs on 2026-09-16: 0% maker on every perp category, 0.04% taker on crypto pairs (USDT- or USD1-quoted), 0.1% on Group B and 0.0125% on RWA pairs, the spot VIP grid (4.0 to 2.3 bps taker), the 5% ASTER discount, market-maker rebates, AFEE, the Shield Mode and 1001x fee rules, and the published funding formula.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/grid-trading/https://perpdexguide.com/aster/grid-trading/How Aster's futures grid bot works, from its docs: neutral, long and short grids; the lifecycle from trigger to stop; auto parameters from Bollinger Bands and ATR; the ten-grid limit; why a grid fails to start in hedge mode; and the four things that end a running grid, including liquidation.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/how-to-start/https://perpdexguide.com/aster/how-to-start/Step-by-step mechanics for connecting, depositing, placing a first order, and withdrawing on Aster — verified against Aster's official docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/margin-modes/https://perpdexguide.com/aster/margin-modes/Aster Perps margin and position modes from its docs: cross (default) vs isolated, one-way vs hedge mode, single-asset vs multi-asset collateral with each chain's collateral value ratios, automatic exchange of negative balances, and the 4% annual interest charged beyond a −1,000 USD threshold since 9 April 2026.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/opening-cost/https://perpdexguide.com/aster/opening-cost/Why an Aster order can need more margin than notional ÷ leverage, from its docs: open loss charged when your order price is worse than the mark price, market buys priced at the best ask + 0.05%, and the docs' BTC examples where a 20x long needs about 1.2% more than the matching short.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/order-types/https://perpdexguide.com/aster/order-types/Every Aster Perps order type from its docs: market with an optional slippage cap, limit, stop-limit, stop-market, trailing stop, post-only, BBO, GTC/IOC/FOK; TP/SL on mark or last price; TWAP from 1 minute to 7 days; scaled orders up to 110 slices; post-only chase orders that re-price every second.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/pre-markets/https://perpdexguide.com/aster/pre-markets/How Aster's pre-market contracts work, from its docs: pre-launch token contracts with a 10-second trade-average mark capped at ±1% a second and delivery at Aster's discretion, and pre-IPO perps on OpenAI, Anthropic, Polymarket, Moonshot and Oura with reference share counts, 5x to 20x leverage and settlement terms Aster can change.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/shield-mode/https://perpdexguide.com/aster/shield-mode/How Aster's Shield Mode works, from its docs: no order book, so mark price equals last price; isolated positions only, with no adding margin; liquidation rates of 75% to 65% by leverage; dynamic slippage from outside exchanges' depth and open-interest imbalance; hourly OI-balancing funding; and closed hours for gold, silver, FX and stocks.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/stock-perps/https://perpdexguide.com/aster/stock-perps/How Aster's stock perpetuals work, from its docs: US, Hong Kong and Korean listings at up to 50x, the standard and EWMA-smoothed mark price, session tables with the 5% off-hours price cap, and the special negative funding that pays dividends from shorts to longs on the ex-date.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/sub-accounts/https://perpdexguide.com/aster/sub-accounts/How Aster sub-accounts work, from its docs: 10 to 50 per master account by VIP level, a private key shown once and never stored, free instant internal transfers but no direct withdrawals, 10 API keys with withdrawal permission permanently off, freezing without forced closes, and shared VIP tiers.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/trading-interface/https://perpdexguide.com/aster/trading-interface/A guided tour of the Aster trading screen with real account screenshots — order types, margin modes, USDT vs USD1 perps, and the 1001x mode.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/vaults/https://perpdexguide.com/aster/vaults/How Aster Vaults work, from its docs: managers stake 100 ASTER that burns if lifetime PnL is not positive, set a 0–100% profit share on realized profit and a lock-up that every new deposit resets, choose auto-close redemption and a permanent privacy mode, and trade perps only.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/best-perp-dex/https://perpdexguide.com/best-perp-dex/Hyperliquid, Aster, dYdX, GMX, and Lighter compared on architecture, fees, and KYC — rates verified against each venue's official docs on 2026-07-16.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-apex/https://perpdexguide.com/compare/aster-vs-apex/Aster's order book on its own L1 with 0% maker, a live token and airdrop-linked points against ApeX Omni's off-chain book on zkLink Nova with a seven-level fee ladder from 0.020% maker and 0.050% taker, 100x on BTC and ETH, stock and commodity perps, and a settlement layer L2BEAT rates CRITICAL: fees, custody, leverage and tokens compared on their docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-dydx/https://perpdexguide.com/compare/aster-vs-dydx/Aster's 0% maker book on its own L1 against dYdX's governance-set tiers that pay top makers a rebate: fees, funding cadence, shared markets, $ASTER vs DYDX, and Stage 6 points vs no programme.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-extended/https://perpdexguide.com/compare/aster-vs-extended/Aster's order book on its own L1 with a live $ASTER token against Extended's Starknet venue with dozens of TradFi perps, multi-asset collateral and no token: fees, leverage, markets and points terms.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-grvt/https://perpdexguide.com/compare/aster-vs-grvt/Aster's 0% maker book on its own L1 with no KYC and Stage 6 points against GRVT's off-chain book with validium settlement, identity verification, a −0.0001% maker rebate, a completed airdrop and membership tiers: fees, custody, funding, tokens and access compared on their docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-pacifica/https://perpdexguide.com/compare/aster-vs-pacifica/Aster's Stage 6 points with a documented airdrop link against Pacifica's fixed weekly pool with no token: fees (0% maker vs Solana volume tiers), funding, leverage, shared markets and what each venue's docs actually promise.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-paradex/https://perpdexguide.com/compare/aster-vs-paradex/Aster's 0% maker book with airdrop-linked Stage 6 points against Paradex's zero-fee retail accounts, hidden positions and options: fees, tokens ($ASTER vs DIME), and two live points programmes.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-sodex/https://perpdexguide.com/compare/aster-vs-sodex/Aster's order book on its own L1 with 0% maker, a live token and airdrop-linked points against SoDEX's order book on SoSoValue's ValueChain from 0.040% taker and 0.012% maker, with a published leverage cap per market, a SOSO staking discount, its own points season and deposits held by institutional custodians: fees, custody, leverage and tokens compared on their docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-variational/https://perpdexguide.com/compare/aster-vs-variational/Aster's order book on its own L1 with 0% maker, a live token and airdrop-linked points against Variational Omni's request-for-quote dealer with no trading fee, 552 markets including stocks and pre-IPO names, no insurance fund, no token and a private beta: fees, custody, funding, tokens and access compared on their docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-apex/https://perpdexguide.com/compare/hyperliquid-vs-apex/Hyperliquid's fully on-chain order book vs ApeX Omni on zkLink Nova — fees, leverage, TradFi perps, and a documented custody-upgrade risk.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-dydx/https://perpdexguide.com/compare/hyperliquid-vs-dydx/Hyperliquid vs dYdX compared: architecture, custody, KYC, fees, maker rebates, funding, and US access — verified against each venue’s official docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-gmx/https://perpdexguide.com/compare/hyperliquid-vs-gmx/Hyperliquid's on-chain order book vs GMX's pool-based counterparty model: architecture, custody, and fee-shape differences, compared side by side.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-lighter/https://perpdexguide.com/compare/hyperliquid-vs-lighter/Hyperliquid vs Lighter compared: Lighter's zero-fee standard accounts against Hyperliquid's broader product surface, with both venues' tokens, audits and access rules checked against their own docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-pacifica/https://perpdexguide.com/compare/hyperliquid-vs-pacifica/Hyperliquid's fully on-chain order book vs Pacifica's Solana hybrid CLOB — fees, funding, custody, and the audit-transparency gap compared.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-sodex/https://perpdexguide.com/compare/hyperliquid-vs-sodex/Hyperliquid's on-chain order book on its own L1 against SoDEX's order book on SoSoValue's ValueChain, where deposits sit with institutional custodians and are mirrored on-chain: fees, custody, leverage, markets, tokens and access compared on their docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-variational/https://perpdexguide.com/compare/hyperliquid-vs-variational/Hyperliquid's public on-chain order book against Variational Omni's request-for-quote model where one in-house dealer is every trade's counterparty: fees versus spread, custody, liquidation and bad debt, markets, tokens and access compared on their docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-veranta/https://perpdexguide.com/compare/hyperliquid-vs-veranta/Hyperliquid's on-chain order book on its own L1 against Veranta's vault-backed perps on Base, where trades fill at the oracle price plus a spread and forex, metals and indices pay no commission in growth mode: fees, pricing, leverage, margin, tokens and access compared on their docs.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-aster/https://perpdexguide.com/compare/lighter-vs-aster/Lighter's zero-fee Standard accounts against Aster's 0% maker book on its own L1: fees, funding cadence, shared markets, LIT vs $ASTER, and what each venue's docs say about points.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-variational/https://perpdexguide.com/compare/lighter-vs-variational/Two venues that charge no trading fee for opposite reasons: Lighter's zk-rollup order book on Ethereum with Standard accounts at 0% both sides and a live token, against Variational Omni's request-for-quote dealer that keeps the spread, lists 552 markets including stocks and pre-IPO names, runs no insurance fund, has no token and sits behind an access code.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/perp-dex-kyc/https://perpdexguide.com/guides/perp-dex-kyc/Which perp DEXs require identity verification, read from each venue's own Terms of Use on 2026-09-29: GRVT requires it, three reserve the right to ask, nine state no requirement — and why no KYC step never means access from a restricted country.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/perp-dex-liquidations-compared/https://perpdexguide.com/guides/perp-dex-liquidations-compared/How 14 perp DEXs liquidate and trigger stop-losses, from each venue’s own docs on 2026-09-29: which price is checked, partial or full closes, the fee, who absorbs losses beyond your collateral, and what your stop order triggers on.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/perp-dex-prop-firms/https://perpdexguide.com/guides/perp-dex-prop-firms/Which prop firms tie their funded accounts to a perp DEX, read from their own rules and terms: Iceberg, HyperPNL, DojiFunded and Foxify alongside the Hyperliquid firms — simulated or real capital, fees, drawdown, split, KYC and operator.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/liquidations-adl/https://perpdexguide.com/hyperliquid/liquidations-adl/The three stages of a Hyperliquid liquidation as the docs describe them: market liquidation into the book (partial for positions over 100k USDC, 20% at a time with a 30-second cooldown, no clearance fee), backstop liquidation by the HLP liquidator vault below two-thirds of maintenance margin (maintenance margin not returned), and auto-deleveraging by a published ranking formula — plus the exact liquidation-price formula.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/prop-firms/https://perpdexguide.com/hyperliquid/prop-firms/What a "funded account on Hyperliquid" actually is, read from the published rulebooks and terms of Propr, Hypernova and Hyperstack (Vanta): every one is a simulated account, the fee is the product, and payouts are performance rewards — with each programme\Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/tp-sl-not-executed/https://perpdexguide.com/hyperliquid/tp-sl-not-executed/The support docs’ own answers for stop and take-profit surprises on Hyperliquid: a TP that triggered in profit but filled at a loss (mark price triggers, book price fills, 10% market slippage), worked long and short examples with trigger and limit prices, how stop-market and stop-limit entries differ, why a chase order vanished, why an order said "Action already expired", and why margin did not free up after closing.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/jupiter/https://perpdexguide.com/jupiter/Jupiter Perps is the perpetuals product inside Jupiter on Solana: three markets (SOL, ETH, wBTC), 1.1x to 250x leverage, oracle pricing with no order book, a 0.06% fee in and out plus a price-impact fee and an hourly borrow fee, and the JLP pool as counterparty earning 75% of fees. Facts from Jupiter’s docs and Terms, read 2026-09-21.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/https://perpdexguide.com/lighter/Lighter is a zk-rollup perp DEX with zero fees for Standard accounts, a live LIT token with staking, and a weekly points program — what the docs actually say.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/liquidations/https://perpdexguide.com/lighter/liquidations/How Lighter liquidates, from its docs: three margin levels, the five-stage waterfall, why partial liquidations fill at a "zero price" that never lowers account health, how the LLP takes over accounts below close-out margin, its strategy buckets, and when auto-deleveraging starts.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/mark-price/https://perpdexguide.com/lighter/mark-price/How Lighter sets the mark price that drives liquidations and stops — the median of its impact price, index plus an 8-minute premium EMA, and other exchanges' marks — and how hourly funding is built from minute-sampled premiums, clamped and paid peer to peer with no exchange fee.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/multi-asset-margin/https://perpdexguide.com/lighter/multi-asset-margin/Lighter's multi-asset margin and unified trading accounts, from its docs: ETH and XAUT as perp collateral at 70% loan-to-value, the LTV/LT/LF parameters, the TAV and TALT health checks, how spot collateral is sold in a liquidation, and the user and global supply caps.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/order-types/https://perpdexguide.com/lighter/order-types/Every Lighter order type from its docs: market, limit with post-only and reduce-only, good-til-time and immediate-or-cancel, stop-loss and take-profit on the mark price, 30-second TWAP slices, advanced TWAP, chase and atomic basket orders — plus order margin, the 5% fat-finger check, price-time matching and self-trade prevention.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/perp-rfq/https://perpdexguide.com/lighter/perp-rfq/How Lighter's perpRFQ works, from its docs: whitelisted addresses request a quote for a size, market makers see the size but not the side and have 10 seconds to respond, you get 2 minutes to execute through the order book, and Standard accounts pay a 1 bps fee.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/pnl/https://perpdexguide.com/lighter/pnl/How Lighter computes unrealized PnL, realized PnL and total account value, from its docs: mark price against average entry, funding booked straight into realized PnL, average entry unchanged on partial closes and re-weighted when you add, and isolated allocated margin counted as collateral.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/prelaunch-markets/https://perpdexguide.com/lighter/prelaunch-markets/How Lighter's two most experimental market types work, from its docs: prelaunch token perps and pre-IPO equity perps are isolated-only; prelaunch liquidations are fee-free and go straight to auto-deleveraging below close-out margin; pre-IPO prices have no caps, funding at 1/100 of the multiplier, and conversion after the IPO.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/public-pools/https://perpdexguide.com/lighter/public-pools/How Lighter's Public Pools work, from its docs: whitelisted operators trade pooled USDC through a sub-account, take a fee from profits when depositors withdraw, must keep a minimum share of the pool, cannot use isolated margin, and impose no lockup on withdrawals.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/rwa-markets/https://perpdexguide.com/lighter/rwa-markets/How Lighter's real-world-asset perps work, from its docs: 74 markets across equities, indexes, commodities, FX, pre-IPO and a 10-year US government bond; oracle-first pricing with an internal order-book fallback when feeds go stale; the price-cap removal of 2026-07-10; and the five-day futures roll for oil, gas, copper and wheat.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/perp-dex-safety/https://perpdexguide.com/perp-dex-safety/What makes a perp DEX risky — custody, oracle, and upgrade risk — plus a sourced, dated incident tracker and how to vet any venue yourself.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/veranta/fees/https://perpdexguide.com/veranta/fees/Veranta’s costs from its own docs: crypto at 0.045% taker and 0.001% maker on open and close, where maker means joining the lighter side of open interest; zero commission on forex, commodities, indices and equities in growth mode; a net rate of funding plus borrow while you hold; Upside Perps that keep 5% to 25% of winning trades; AVNT staking discounts to 30%; and where every fee goes.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/veranta/how-to-start/https://perpdexguide.com/veranta/how-to-start/Step-by-step start on Veranta from its own docs: the US-person and sanctions check, login by email, SMS, Google, X or an EVM wallet, USDC on Base as the only collateral, gasless one-click trading, sizing an isolated position in USDC or in the asset, market, limit and TWAP orders, and what happens to a position when its market closes.Tue, 29 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/aster-vs-edgex/https://perpdexguide.com/compare/aster-vs-edgex/Aster publishes its 0% maker grid and an airdrop-linked points programme; edgeX shows its fees only inside the app and documents no points. What can be compared, and what cannot.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-bybit/https://perpdexguide.com/compare/hyperliquid-vs-bybit/Hyperliquid vs Bybit for perpetual futures: self-custody and no KYC versus a custodial exchange with fiat on-ramps.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-edgex/https://perpdexguide.com/compare/hyperliquid-vs-edgex/A fact-checked comparison of Hyperliquid and edgeX on custody, fees, and gas — quoting only numbers each venue publishes in its own official docs.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-extended/https://perpdexguide.com/compare/hyperliquid-vs-extended/Hyperliquid's crypto-native order book vs Extended's crypto-plus-TradFi perps (equities, FX, metals) — fees, leverage, and custody compared.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-paradex/https://perpdexguide.com/compare/hyperliquid-vs-paradex/Hyperliquid's transparent on-chain order book vs Paradex's privacy-by-design perps, options, and spot venue — fees, privacy, and fit compared.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-dydx/https://perpdexguide.com/compare/lighter-vs-dydx/Lighter's zero-fee Standard accounts against dYdX's governance-set tiers that pay top makers a rebate: fees, hourly funding on both, shared markets, LIT vs DYDX, and points status.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-edgex/https://perpdexguide.com/compare/lighter-vs-edgex/Lighter publishes a zero-fee grid; edgeX shows its fee schedule only inside the app. What can and cannot be compared: fees, custody, shared markets, LIT vs EDGE, and points status.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-extended/https://perpdexguide.com/compare/lighter-vs-extended/Lighter's zero-fee Ethereum rollup against Extended's Starknet venue with dozens of TradFi perps and multi-asset collateral: fees, leverage, markets, LIT vs no token, and points terms.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-paradex/https://perpdexguide.com/compare/lighter-vs-paradex/Lighter and Paradex both advertise zero fees with different fine print: a Standard tier vs retail-only accounts, a public book vs hidden positions, LIT vs DIME, and two live points programmes.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/dydx/referral/https://perpdexguide.com/dydx/referral/How the dYdX referral program works: referred accounts start at fee tier 3 (up to $550 in fee savings), how to activate it, and how the program pays both sides.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/edgex/https://perpdexguide.com/edgex/edgeX is a self-custodial order-book perp DEX settling to Ethereum, with USDC collateral, stock and forex perps, a live EDGE token, and a fee schedule its docs do not publish — what the documentation actually says.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/edgex/fees/https://perpdexguide.com/edgex/fees/edgeX’s fee model from its own documentation: a 30-day-volume tier system updated daily, sub-account tier sharing, gas covered on V1, hourly funding with a ±0.05% dampener — and the rate table the docs leave to the app.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/edgex/how-to-start/https://perpdexguide.com/edgex/how-to-start/Step-by-step start on edgeX from its own docs: wallet or email (MPC) login, the 10 USDC minimum deposit on the live V2 app, cross margin and sub-accounts, a first order, and withdrawal chains, fees and delays.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/referral/https://perpdexguide.com/lighter/referral/How Lighter’s referral programme works as documented since 28 July 2026: one week of Premium fees rebated for the referee (capped at $10M volume), a 10 to 30% kickback for the referrer, weekly payouts, and why it changes little on a zero-fee Standard account.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/paradex/https://perpdexguide.com/paradex/Paradex is a Starknet appchain perp DEX where positions are hidden by design, retail orders trade free, Pro orders pay a published tiered rate, and DIME cuts fees — plus the socialised-loss and trade-bust rules its own docs disclose.Mon, 28 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-sodex/https://perpdexguide.com/compare/lighter-vs-sodex/Lighter's zk-rollup order book on Ethereum with 0% on both sides for Standard accounts, against SoDEX's order book on SoSoValue's ValueChain from 0.040% taker and 0.012% maker, with a published leverage cap per market and deposits held by institutional custodians: fees, custody, leverage, markets and tokens compared on their docs.Fri, 25 Sep 2026 12:00:00 GMThttps://perpdexguide.com/sodex/https://perpdexguide.com/sodex/SoDEX is SoSoValue’s order-book exchange on its own ValueChain L1: 91 tradable USDC-margined perps including stocks, indexes, gold and silver at up to 40x, fees from 0.040% taker and 0.012% maker by 14-day volume with a SOSO staking discount and maker rebates, hourly funding capped at 4%, SoPoints feeding a future SOSO airdrop — and deposits held by institutional custodians and mirrored on-chain, not settled in a user-controlled contract.Fri, 25 Sep 2026 12:00:00 GMThttps://perpdexguide.com/apex/https://perpdexguide.com/apex/ApeX Omni is an order-book perp DEX settling on zkLink Nova: 88 USDT crypto perps at up to 100x plus 39 TradFi perps on stocks, indexes and commodities at 50x, fee tiers from 0.020% maker / 0.050% taker to 0% / 0.025% set daily by 14-day volume or APEX staking, hourly funding capped at 0.05%, cross margin only, a live APEX token, and a settlement layer L2BEAT rates CRITICAL because its contracts can be upgraded by a single key with no delay.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/apex/fees/https://perpdexguide.com/apex/fees/ApeX Omni’s costs from its own docs: seven VIP levels from 0.020% maker / 0.050% taker to 0% / 0.025%, set daily by 14-day volume or APEX and esAPEX staked, no cancellation or gas fees, hourly funding capped at ±0.05%, the same schedule on TradFi perps, 1% taker / 0.5% maker on the Polymarket-backed prediction market, no fee on Event, a 0.1% cross-collateral auto-repay fee, 2 USDT fast withdrawals on Arbitrum and BNB Chain (gas-based on Ethereum), and delisting settlement at half the maker-plus-taker rate.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/apex/how-to-start/https://perpdexguide.com/apex/how-to-start/Step-by-step start on ApeX Omni from its own docs: the restricted-persons check, an account by wallet signature or email code, deposits on Ethereum, BNB Chain, Base, Mantle or Arbitrum One plus card and TRON routes, the transfer from the Funding Account to a trading account, leverage and order types, the margin ratio and ADL indicator, and normal versus fast withdrawals.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-apex/https://perpdexguide.com/compare/lighter-vs-apex/Lighter's zk-rollup order book on Ethereum with 0% on both sides for Standard accounts, against ApeX Omni's off-chain book on zkLink Nova with a seven-level fee ladder from 0.050% taker, a published 100x cap on BTC and ETH, and a settlement layer L2BEAT rates CRITICAL: fees, custody, leverage, markets and tokens compared on their docs.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/extended/https://perpdexguide.com/extended/Extended is a Starknet-settled perp DEX from an ex-Revolut team: 100+ markets spanning crypto, equities, FX, commodities and indices, a flat 0.025% taker and 0% maker fee, multi-asset collateral with haircuts, a yield vault whose shares double as margin, and a restricted list that names the US and UK.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/grvt/https://perpdexguide.com/grvt/GRVT is a hybrid perpetuals exchange: an off-chain order book run by Albatross Group Overseas S.A. of Panama, settlement on its own ZKsync-stack validium, self-custody through a SecureKey that signs every fund movement, 194 USDT-margined perps spanning crypto, single stocks, ETFs, commodities and pre-IPO names, a nine-tier fee ladder that pays makers from tier 1, a live GRVT token, mandatory identity verification, and a restricted list naming the US, Singapore, Hong Kong and Canada.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/pacifica/https://perpdexguide.com/pacifica/Pacifica is a Solana perp DEX with off-chain matching and on-chain custody: 0.040% → 0.028% taker and 0.015% → 0% maker by 30-day volume, unified spot-and-perp margin with implicit USDC borrowing, 3x–50x leverage across crypto, equities, FX and commodities, a weekly points pool with no token, and a Terms restricted list that names the US, UK and Canada.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/sodex/fees/https://perpdexguide.com/sodex/fees/SoDEX’s costs from its own docs: seven perp tiers from 0.040% taker / 0.012% maker to 0.022% / 0% on 14-day weighted volume where spot counts double, a SOSO staking discount of 5% to 40%, maker rebates to −0.003% for high maker share, spot tiers from 0.065% / 0.035%, hourly funding capped at 4%, no fee on order-book liquidation, and flat withdrawal fees per asset such as 1 USDC.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/sodex/how-to-start/https://perpdexguide.com/sodex/how-to-start/Step-by-step start on SoDEX from its own docs: the excluded-jurisdiction check, login by email code or wallet signature, deposits from each asset’s native chain through the Mirror Protocol with per-asset minimums and KYT screening, moving funds from the Spot account to futures, leverage and cross or isolated margin, order types, and withdrawals with flat fees and KYA screening.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/fee-comparison/https://perpdexguide.com/tools/fee-comparison/Maker and taker fees for every perp DEX we cover, side by side: fee models, verified discount paths, and what a flat headline rate hides.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/variational/https://perpdexguide.com/variational/Variational Omni is a request-for-quote perp venue on Arbitrum with no order book: a single in-house dealer, the Omni Liquidity Provider, quotes every trade and takes the other side in a bilateral settlement pool, there are no maker or taker fees because the venue earns the spread, 552 USDC-margined markets reach stocks, ETFs, commodities, FX and pre-IPO names, and the app is a private beta behind an access code run by MCMC Research Corporation, S.A. of Panama.Thu, 24 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-grvt/https://perpdexguide.com/compare/lighter-vs-grvt/Lighter's zero-fee Ethereum rollup with no stated KYC against GRVT's off-chain order book with validium settlement, identity verification, a maker rebate from the first tier and USDT perps on stocks, ETFs, commodities and pre-IPO names: fees, custody, funding, leverage, tokens and access compared on their docs.Tue, 22 Sep 2026 12:00:00 GMThttps://perpdexguide.com/variational/fees/https://perpdexguide.com/variational/fees/Variational Omni’s costs from its own docs: no maker or taker fee because the in-house dealer earns the spread, a flat 0.1 USDC fee per deposit or withdrawal, a funding formula with a 0.00125% per hour interest term and a 2% per hour cap on windows matched to Bybit or Binance, 0% interest on TradFi perps, fixed 0.005% per 8 hours on pre-IPO perps, SOFR-based daily funding on swaps, and a 0.5% liquidation penalty.Tue, 22 Sep 2026 12:00:00 GMThttps://perpdexguide.com/variational/how-to-start/https://perpdexguide.com/variational/how-to-start/Step-by-step start on Variational Omni from its own docs: the restricted-persons check, the private-beta access code, an EVM wallet with USDC on Arbitrum, gasless deposits at 0.1 USDC, the request-for-quote order flow with indicative and firm quotes, leverage and margin modes, and withdrawals back to the connected wallet.Tue, 22 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-grvt/https://perpdexguide.com/compare/hyperliquid-vs-grvt/Hyperliquid's on-chain order book with no KYC against GRVT's off-chain book with validium settlement, identity checks, 194 USDT perps including stocks and pre-IPO names — fees, custody, leverage, markets and risk compared.Mon, 21 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/hyperliquid-vs-jupiter/https://perpdexguide.com/compare/hyperliquid-vs-jupiter/Hyperliquid's on-chain order book vs Jupiter Perps' pool model where JLP is your counterparty — fees, leverage, markets, and risk compared.Mon, 21 Sep 2026 12:00:00 GMThttps://perpdexguide.com/dydx/fees/https://perpdexguide.com/dydx/fees/dYdX perp fees read from the docs and the chain on 2026-09-21: 0.01% maker / 0.05% taker at tier 1, seven volume tiers down to 0.025% taker and a −0.011% maker rebate, the governance-voted staking discount grid, the 50% trading rebate that replaced DYDX rewards, hourly funding with its 8-hour caps, and how affiliates, order routers and builder codes share fees.Mon, 21 Sep 2026 12:00:00 GMThttps://perpdexguide.com/grvt/fees/https://perpdexguide.com/grvt/fees/GRVT’s fee schedule from its own help centre: nine perp tiers from −0.0001% maker and 0.045% taker at Level 1 to −0.003% and 0.024% at $1 billion of 30-day volume, a separate spot ladder, membership tiers that move you up the ladder, Multi-Asset Margin repayment fees of 0.1% to 0.25%, funding every 1, 4 or 8 hours, and deposit and withdrawal charges by network.Mon, 21 Sep 2026 12:00:00 GMThttps://perpdexguide.com/grvt/how-to-start/https://perpdexguide.com/grvt/how-to-start/Step-by-step start on GRVT from its own help centre: the banned-jurisdiction and identity checks, email plus SecureKey sign-up, USDT deposits over the Ethereum native bridge or the Rhino multichain bridge with their minimums, funding versus trading accounts, per-instrument leverage and margin tiers, a first order, and withdrawal fees and timings by network.Mon, 21 Sep 2026 12:00:00 GMThttps://perpdexguide.com/jupiter/fees/https://perpdexguide.com/jupiter/fees/Every Jupiter Perps fee from its docs, read 2026-09-21: the 0.06% base fee on open and close, the linear-plus-additive price impact fee capped per asset, the hourly borrow fee driven by JLP utilisation, swap fees of 10 or 2 bps, SOL rent and network fees, and the liquidation penalty that takes all remaining collateral.Mon, 21 Sep 2026 12:00:00 GMThttps://perpdexguide.com/jupiter/how-to-start/https://perpdexguide.com/jupiter/how-to-start/Step-by-step start on Jupiter Perps from its own docs: the Terms' prohibited-localities check, a Solana wallet with about 0.03 SOL, any SPL token as collateral (swapped to SOL, wETH, wBTC or USDC), the $10 collateral minimum and 1.1x to 250x leverage, the two-transaction request model, the liquidation price that drifts as borrow fees accrue, and closing.Mon, 21 Sep 2026 12:00:00 GMThttps://perpdexguide.com/gmx/fees/https://perpdexguide.com/gmx/fees/GMX has no maker/taker fee. Read from its docs on 2026-09-18: the 0.04% / 0.06% position fee and the TradFi on-hours rates, borrow-fee models (kink, linear, power), net price impact charged only on close with per-market caps and rebates, adaptive funding with the Arbitrum keeper bounds, swap fees, the network fee refund, and the referral discount.Fri, 18 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/fees/https://perpdexguide.com/lighter/fees/Lighter's fee model read from its docs on 2026-09-16: 0% maker and taker on Standard accounts (perps and spot), the Premium tier at 0.0040% / 0.0280% with 140 ms taker latency and the eight-step LIT staking grid, LIT Fee Credits, the 0.5 bps Plus tier, the referral trial week, and the now-published funding formula.Wed, 16 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/trading-interface/https://perpdexguide.com/lighter/trading-interface/A guided tour of Lighter's trading screen with real account screenshots — deposit-creates-account, Standard vs Premium, order types, and Public Pools.Wed, 16 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/api-trading/https://perpdexguide.com/hyperliquid/api-trading/What the docs say about trading Hyperliquid programmatically: official Python SDK and community Rust/TypeScript/CCXT clients, API (agent) wallets and their nonce rules, the 1,200-weight-per-minute IP limit and the address limit of one request per 1 USDC traded, open-order caps, websocket limits and heartbeats, the 1 USDC activation fee, priority fees, and the "no DMM program" statement.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/builder-codes/https://perpdexguide.com/hyperliquid/builder-codes/What a builder code is when you trade Hyperliquid through another app, from the docs: a per-order fee the app receives, capped at 0.1% on perps and 1% on spot, only after you sign an approval with your main wallet, revocable at any time, at most 10 approvals per user, processed on-chain — plus what it does not apply to.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/connect-wallet/https://perpdexguide.com/hyperliquid/connect-wallet/One page for every way into Hyperliquid, from the docs: EVM wallets (Rabby, MetaMask, WalletConnect, Coinbase Wallet), email login with a 6-digit code, the mobile QR link to a desktop wallet, exporting the email wallet’s private key, the "Enable Trading" signature, and the docs’ fixes for connection loops, Coinbase mobile, Trezor, Ledger and missing email codes.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/delisting/https://perpdexguide.com/hyperliquid/delisting/How a Hyperliquid perp is born, converted and retired, from the docs: validator-voted delisting with settlement at the 1-hour time-weighted spot oracle price, cancelled orders and forced settlement, hyperps (pre-launch perps priced off an 8-hour EMA of their own mark price) and when they convert, mark-price caps, and index perpetuals such as NFTI-USD that track a formula published by validators.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/deposit-not-showing/https://perpdexguide.com/hyperliquid/deposit-not-showing/Why a Hyperliquid deposit is missing, from the docs’ per-network support pages: USDC rules for email vs wallet accounts (below 5 USDC not credited, below 1 USDC lost), the Unit-managed rails with their minimums and arrival times (0.0003 BTC ~30 min, 0.007 ETH ~5 min, 0.12 SOL ~1 min, 1.5 AVAX, 25 VIRTUAL, 450 MON, 60 XPL), the revert feature, fiat via Swapped, and the perps-balance case.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/hip-tokens-hyperliquidity/https://perpdexguide.com/hyperliquid/hip-tokens-hyperliquidity/How spot tokens are born on Hyperliquid, from the docs: the HIP-1 capped-supply standard and its 31-hour Dutch auction for deployment gas (floor 500 HYPE), deployer fee share that can only go down, daily spot dusting at 00:00 UTC, and HIP-2 Hyperliquidity — an operator-less on-chain strategy that guarantees a 0.3% spread every 3 seconds on USDC pairs — plus the "no DMM program" statement.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/hyperevm/https://perpdexguide.com/hyperliquid/hyperevm/What the HyperEVM is per the docs (one chain, two parts, same HyperBFT consensus), how to add it to a wallet (chain ID 999), how to move assets between HyperCore spot and the EVM, why gas is HYPE on both sides, the HYPE-only transfer address, bridges from other chains, and the three support cases: accidental transfers, invisible assets, gas errors.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/margin-modes/https://perpdexguide.com/hyperliquid/margin-modes/Cross vs isolated vs portfolio margin on Hyperliquid, from the docs: the margin formula, the 10% transfer floor, maintenance at half of initial, the mainnet margin tiers that step BTC from 40x to 20x above $150M, the four account abstraction modes, and portfolio margin’s caps, LTVs, borrow rate and 0.95 liquidation ratio.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/mark-price-oracle/https://perpdexguide.com/hyperliquid/mark-price-oracle/How Hyperliquid prices a perp, from the docs: the oracle price (a stake-weighted median of validator-reported spot medians across eight venues, every 3 seconds) that drives funding, and the mark price (a median of three inputs including a 150-second EMA) that drives margining, liquidations, TP/SL triggers and unrealised PnL — and why a TP can trigger at one price and fill at another.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/mobile/https://perpdexguide.com/hyperliquid/mobile/What the docs say about trading Hyperliquid from a phone: the interfaces they list (the web app, plus Based, Dexari, MetaMask and Phantom apps), the QR flow that links a phone to a desktop wallet, email login, the Coinbase Wallet mobile note, builder fees on third-party apps, and what the docs do not say — including the absence of a Hyperliquid-branded native app on the onboarding list.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/order-types/https://perpdexguide.com/hyperliquid/order-types/Every Hyperliquid order type as the docs define it: market, limit, chase, stop and take orders, scale, TWAP (30-second minimum intervals, 3% suborder slippage, 5 minutes to 7 days), reduce-only and time-in-force flags, the two kinds of TP/SL and the OCO rule that catches people, self-trade prevention, and the "Action already expired" error.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/pnl-accounting/https://perpdexguide.com/hyperliquid/pnl-accounting/How Hyperliquid computes the numbers on your position row, from the docs: entry price as a size-weighted average that only updates on opening trades, unrealised PnL as side × (mark − entry) × size, closed PnL that includes the fee, the spot rules (buys open, sells close, transfers at mark, genesis at a 10,000 USDC market cap), and the docs’ own caveat that these are frontend conveniences over margin-and-trade accounting.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/spot-trading/https://perpdexguide.com/hyperliquid/spot-trading/Spot on Hyperliquid from the docs: the separate spot fee schedule (0.070% taker / 0.040% maker at the base tier, spot volume counting double toward tiers), how USDC is minted natively, what a permissionless quote asset must stake, what aligned stablecoins get (20% lower taker fees, 50% larger rebates), lot-size leftovers, and how spot and perps balances relate under each account mode.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/staking/https://perpdexguide.com/hyperliquid/staking/HYPE staking on Hyperliquid from the docs: the staking account, the 1-day delegation lockup and 7-day unstaking queue (5 pending withdrawals max), the reward formula (about 2.37% a year at 400M staked), daily compounding, validator rules, jailing versus slashing, the six fee-discount tiers from 5% to 40%, and the permanent staking–trading account link.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/sub-accounts/https://perpdexguide.com/hyperliquid/sub-accounts/How Hyperliquid sub-accounts work per the docs: 10 after $100,000 of volume, one more per additional $100M up to 50, shared fee tier but no referral discount, separate margining even under portfolio margin, and the API-wallet allowance of 3 plus 2 per sub-account.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/unified-account/https://perpdexguide.com/hyperliquid/unified-account/The practical differences between Hyperliquid’s three account modes, from the docs and support FAQ: what a unified account pools, why closed-position margin does not free up, how to enable portfolio margin (and the two different account-value ceilings the docs give), auto-borrowing, auto-repayment, yield on idle USDC, the 95% PMR warning, and why builders and high-volume bots use standard mode.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/validators/https://perpdexguide.com/hyperliquid/validators/Who runs Hyperliquid, from the docs: a permissionless node set with an active validator set of the top twenty-seven by stake, HyperBFT quorum of more than two-thirds of stake, 10k HYPE self-delegation locked a year, commission rules, jailing versus slashing (no automatic slashing), what validators vote on (oracle prices every 3 seconds, delistings, index values, quote-asset slashing), and the Foundation delegation programme.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/withdrawal-delays/https://perpdexguide.com/hyperliquid/withdrawal-delays/What to do when a Hyperliquid withdrawal is late or missing, from the docs: the Send-vs-Withdraw check, what Pending, Completed and Failed mean, the Unit team for BTC/ETH/SOL rails, withdrawals that keep re-depositing (Telegram bots), the 1 USDC needed to withdraw, and the two Phantom-wallet cases.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/https://perpdexguide.com/tools/Free live dashboards for Hyperliquid's perp markets — funding rates, open interest, and 24h volume, fetched straight from the public API in your browser.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/volume/https://perpdexguide.com/tools/volume/Live 24-hour volume, open interest and turnover for Hyperliquid, Aster, Lighter and dYdX, fetched from each venue's public API in your browser and normalised as volume divided by open interest — with every venue's definition stated — plus Hyperliquid's per-market volume table.Tue, 15 Sep 2026 12:00:00 GMThttps://perpdexguide.com/pacifica/fees/https://perpdexguide.com/pacifica/fees/Pacifica’s fee schedule from its own docs: eight tiers by 30-day volume from 0.015% maker / 0.040% taker down to 0% maker / 0.028% taker, VIP tier transfer from other exchanges, hourly funding capped at ±4%, money-market interest on implicit USDC borrowing, the liquidation deduction, and the $1 withdrawal fee.Fri, 11 Sep 2026 12:00:00 GMThttps://perpdexguide.com/pacifica/how-to-start/https://perpdexguide.com/pacifica/how-to-start/Step-by-step start on Pacifica from its own docs: the Terms eligibility check, a Solana wallet, USDC on Solana only with a $10 minimum and closed-beta caps, cross vs isolated per pair, leverage by market, a first order, and withdrawals with a $1 fee.Fri, 11 Sep 2026 12:00:00 GMThttps://perpdexguide.com/extended/fees/https://perpdexguide.com/extended/fees/Extended’s fee schedule from its own docs: a flat 0.025% taker and 0% maker on perps and spot, maker rebates of 0.002%–0.013% by 30-day maker share, a 10% referral discount, hourly funding with per-group caps, money-market interest on borrowed USDC, and the 1% liquidation fee.Thu, 10 Sep 2026 12:00:00 GMThttps://perpdexguide.com/extended/how-to-start/https://perpdexguide.com/extended/how-to-start/Step-by-step start on Extended from its own docs: eligibility check, EVM or Starknet wallet with two signatures, deposits in USDC, USDT, wBTC or ETH from six chains, sub-accounts as isolated margin, leverage brackets, a first order, and withdrawal limits and timings.Thu, 10 Sep 2026 12:00:00 GMThttps://perpdexguide.com/paradex/fees/https://perpdexguide.com/paradex/fees/Paradex’s fee schedule from its own docs: 0% retail on perps, spot and options; Pro 0.003% maker and 0.045%–0.035% taker by 14-day volume with a 0.0175% floor; 40% off for paying in DIME, up to 30% more for staking; options caps, funding caps, delisting and socialised-loss charges.Thu, 10 Sep 2026 12:00:00 GMThttps://perpdexguide.com/paradex/how-to-start/https://perpdexguide.com/paradex/how-to-start/Step-by-step start on Paradex from its own docs: EVM, Starknet or email login, USDC via the native bridge or 30+ chains, retail vs Pro order classification, margin modes, a first order, and withdrawal timings.Thu, 10 Sep 2026 12:00:00 GMThttps://perpdexguide.com/aster/points/https://perpdexguide.com/aster/points/Aster's Stage 6 points are officially committed to an $ASTER airdrop. The verified formula, epoch rules, categories, and what terms remain unpublished.Wed, 09 Sep 2026 12:00:00 GMThttps://perpdexguide.com/compare/lighter-vs-pacifica/https://perpdexguide.com/compare/lighter-vs-pacifica/Lighter's zero-fee Ethereum rollup against Pacifica's Solana book with volume-tiered fees: fees, funding, leverage, shared markets, LIT vs no token, and two weekly points programmes compared on their docs.Wed, 09 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/equity-perps/https://perpdexguide.com/hyperliquid/equity-perps/Stock and commodity exposure on Hyperliquid runs through HIP-3 builder-deployed markets, not the core exchange. How the mechanism works, and its risks.Wed, 09 Sep 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/points/https://perpdexguide.com/hyperliquid/points/Hyperliquid's points program ended in November 2024 — what the seasons were, how points became the HYPE airdrop, and why 2026 farming guides are speculation.Wed, 09 Sep 2026 12:00:00 GMThttps://perpdexguide.com/lighter/points/https://perpdexguide.com/lighter/points/What Lighter's Season 2 points program actually states in its own docs, separated from the unverified airdrop speculation surrounding it.Wed, 09 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/earning-optimizer/https://perpdexguide.com/tools/earning-optimizer/Enter an amount and an exposure class — see the matching strategies with their deterministic quantities at current live rates, and every covered perp DEX ranked by fee cost. Verified data only, no profit projections.Wed, 09 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/funding-rates/https://perpdexguide.com/tools/funding-rates/Live funding across Hyperliquid, dYdX, Aster and Lighter for every shared perp market, normalised to an hourly equivalent, plus every Hyperliquid market's hourly rate and APR and the same coin on Binance and Bybit.Wed, 09 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/ai-agent-trading-explained/https://perpdexguide.com/guides/ai-agent-trading-explained/Which perp DEXs let an AI assistant read markets and trade through an MCP server, what those servers do, and the permissions question to settle first.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/earning-on-perp-dexs/https://perpdexguide.com/guides/earning-on-perp-dexs/The real ways people earn on perpetual DEXs — trading, funding arbitrage, liquidity vaults, points farming, staking — and the specific risk attached to each.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/funding-rates-explained/https://perpdexguide.com/guides/funding-rates-explained/How funding rates tether perpetual futures to spot price, why they affect your PnL regardless of direction, and how Hyperliquid settles funding hourly.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/is-perp-trading-legal-eu/https://perpdexguide.com/guides/is-perp-trading-legal-eu/How MiCA and MiFID II frame decentralized perpetual futures trading in the EU, and what that structurally means for retail users and taxes.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/guides/perpetuals-explained/https://perpdexguide.com/guides/perpetuals-explained/A plain-English guide to perpetual futures: leverage, margin, liquidation, and funding — the mechanics behind every perp trade, on any venue.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/earning-comparison/https://perpdexguide.com/tools/earning-comparison/Compares what each covered perp DEX offers per earning strategy — funding, vaults, points, staking, and referral benefits — from verified facts only.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/execution-cost/https://perpdexguide.com/tools/execution-cost/What an order actually costs to fill on Hyperliquid, dYdX, Aster and Lighter — live slippage from resting order-book depth plus the base-tier taker fee, at $10k, $100k and $1M.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/feature-comparison/https://perpdexguide.com/tools/feature-comparison/Side-by-side platform-feature comparison across Hyperliquid, Aster, dYdX, GMX, and Lighter — trading model, spot & swaps, markets beyond crypto perps, access, and collateral.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/open-interest/https://perpdexguide.com/tools/open-interest/Live open interest for all Hyperliquid perp markets in USD notional, computed from the public API's contract counts and mark prices in your browser.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/tools/strategy-explorer/https://perpdexguide.com/tools/strategy-explorer/Interactive explorer: pick an earning strategy and see its risk profile, verified venue offerings, and live current rates — facts and labeled snapshots only, no profit projections.Tue, 08 Sep 2026 12:00:00 GMThttps://perpdexguide.com/authors/stephan-kulik/https://perpdexguide.com/authors/stephan-kulik/Stephan Kulik is the editor of PerpDEX Guide. How he researches, verifies, and tests the perpetual DEXs the site covers.Mon, 03 Aug 2026 12:00:00 GMThttps://perpdexguide.com/lighter/how-to-start/https://perpdexguide.com/lighter/how-to-start/Step-by-step start on Lighter — the deposit-creates-account flow, USDC collateral, zero-fee Standard accounts, first trade, and withdrawals.Mon, 03 Aug 2026 12:00:00 GMThttps://perpdexguide.com/dydx/trading-interface/https://perpdexguide.com/dydx/trading-interface/A guided tour of the dYdX trading screen with real account screenshots — margin modes, target leverage, the Advanced menu, MegaVault, and Spot.Fri, 31 Jul 2026 12:00:00 GMThttps://perpdexguide.com/gmx/how-to-start/https://perpdexguide.com/gmx/how-to-start/Step-by-step mechanics for trading perps on GMX — wallet setup, the no-deposit model, trading modes, first position, and closing out.Fri, 31 Jul 2026 12:00:00 GMThttps://perpdexguide.com/gmx/trading-interface/https://perpdexguide.com/gmx/trading-interface/A guided tour of the GMX trading screen with real account screenshots — the pool model, collateral choice, net rate, and keeper execution.Fri, 31 Jul 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/outcome-markets/https://perpdexguide.com/hyperliquid/outcome-markets/How Hyperliquid outcome markets work: fully collateralized Yes/No contracts — no leverage, no liquidations, mark-price settlement.Fri, 31 Jul 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/trading-interface/https://perpdexguide.com/hyperliquid/trading-interface/A guided tour of the Hyperliquid trading screen with real account screenshots — margin modes, Pro order types, TP/SL, and every panel.Fri, 31 Jul 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/vaults/https://perpdexguide.com/hyperliquid/vaults/How Hyperliquid's HLP and user vaults work: deposits, lockups, leader profit share, and the risks of allocating to a vault's strategy or PnL.Thu, 30 Jul 2026 12:00:00 GMThttps://perpdexguide.com/aster/referral/https://perpdexguide.com/aster/referral/How Aster's referral program actually works: the referrer's commission, the optional fee-rebate split, eligibility rules, and how to activate it.Thu, 23 Jul 2026 12:00:00 GMThttps://perpdexguide.com/dydx/how-to-start/https://perpdexguide.com/dydx/how-to-start/A step-by-step walkthrough of connecting a wallet, depositing USDC, and placing a first trade on dYdX, verified against dYdX's official help center.Thu, 23 Jul 2026 12:00:00 GMThttps://perpdexguide.com/gmx/referral/https://perpdexguide.com/gmx/referral/GMX's referral program explained: the 5% open/close fee discount, tier thresholds, on-chain code mechanics, and the borrow/funding fees it doesn't cover.Thu, 23 Jul 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/leverage-liquidation/https://perpdexguide.com/hyperliquid/leverage-liquidation/How Hyperliquid's margin modes, leverage, and liquidation formula work: initial margin, maintenance margin, and withdrawal constraints explained.Thu, 23 Jul 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/referral/https://perpdexguide.com/hyperliquid/referral/How the Hyperliquid referral program works: an automatic 4% fee discount, how to activate it, and how the referral split works on both sides.Thu, 23 Jul 2026 12:00:00 GMThttps://perpdexguide.com/hyperliquid/hype-token/https://perpdexguide.com/hyperliquid/hype-token/HYPE is Hyperliquid's native token, used for validator staking and trading fee discounts. Here's how its verified mechanics work — no price talk.Thu, 16 Jul 2026 12:00:00 GMT