⚠︎ Risk warning: leveraged derivatives on unregulated platforms — you can lose everything you deposit. Not investment advice.
Perp DEX Fees, Compared
Base-tier perp trading costs across every perp DEX we cover or compare — 20 venues in one table. Each row's figures are restated from our per-venue fee pages — click the source link for the full schedule and the date it was verified against official documentation. One structural honesty note up front: these venues don't all charge the same way, and forcing GMX's pool-based model into a maker/taker column would produce a false comparison — so we don't. Funding is a separate, market-driven cost on every venue; see the funding guide and the live funding table.
| Venue | Fee model | Maker (base) | Taker (base) | Verified discount paths | What the flat rate hides | |
|---|---|---|---|---|---|---|
| Hyperliquid verified 2026-09-16 | Order-book maker/taker; volume tiers; no gas per trade. | 0.015% | 0.045% | HYPE staking cuts fees 5%–40% by amount staked; referral link adds a 4% discount on the first $25M volume. | — | Open account at Hyperliquid (opens in a new tab) |
| Aster verified 2026-09-29 | Order-book maker/taker; 0% maker on every perp category, taker by category: Crypto General (USDT- or USD1-quoted) 0.04%, Group B 0.1%, RWA 0.0125%; Shield Mode and 1001x use their own fee rules. | 0% | 0.04% (crypto) / 0.1% (Group B) / 0.0125% (RWA) | 5% off when fees are paid in ASTER; spot VIP grid 4.0→2.3 bps taker by 14-day volume and ASTER held; market-maker rebates to −0.5 bps; referral rebate up to 10% (referrer-configured split, not guaranteed). | 0% maker means maker-heavy flow pays nothing — and generates no referral commission. | Open account at Aster (opens in a new tab) |
| dYdX verified 2026-09-21 | Order-book maker/taker; 30-day-volume tiers set by governance. | 0.01% | 0.05% | Tiers drop taker to 0.025% and turn maker into a rebate (−0.011%) at top volume; referred accounts start at fee tier 3; staked (bonded) DYDX cuts net positive fees up to 50% on a governance-voted grid; docs state a 50% trading rebate paid directly per trade since DYDX rewards were zeroed. | Schedule is governance-set — thresholds and rates can change by vote. | Open account at dYdX (opens in a new tab) |
| GMX verified 2026-09-18 | Pool-based: position fee on open/close (imbalance-dependent) + borrowing fee while open + net price impact settled on close, capped per market. | n/a (no maker/taker split) | 0.04%–0.06% position fee, by pool imbalance | Referral code gives a 5% (tier 1) or 10% (tiers 2–3) discount on open/close position fees only; TradFi markets run reduced on-hours position fees (e.g. 0.01% / 0.02% on gold, oil, QQQ, SPY). | Borrowing accrues while the position is open — a holding cost the flat rates above don’t capture. | Open account at GMX (opens in a new tab) |
| Lighter verified 2026-09-16 | Order-book; zero-fee Standard accounts, paid Premium tier for lower latency, Plus tier for higher rate limits. | 0% (Standard) / 0.0040% (Premium) | 0% (Standard) / 0.0280% (Premium) | LIT staking reduces Premium rates on a published grid. | Standard’s trade-off is latency (300ms taker) and API rate limits rather than fees, except TWAP orders, which carry a 1 bp fee on Standard per the API docs; LIT is live (staking discounts the Premium grid) and the points program remains a separate, conversion-undocumented track. | Open account at Lighter (opens in a new tab) |
| ApeX Omni verified 2026-09-24 | Order-book maker/taker; seven VIP levels set daily by 14-day volume or APEX/esAPEX staked. | 0.020% → 0% (by tier) | 0.050% → 0.025% (by tier) | Levels 2–7 take taker from 0.045% to 0.025% and maker from 0.015% to 0% (zero maker from $500m of 14-day volume); referral discounts do not stack with VIP levels. | Cross margin only, on a settlement layer (zkLink Nova) L2BEAT rates CRITICAL; the docs cap hourly funding at ±0.05% but the symbols API shows wider per-contract fundingMaxRate values on some long-tail markets. | Open account at ApeX Omni (opens in a new tab) |
| edgeX verified 2026-09-28 | Order-book with daily 30-day volume tiers. | Not published | Not published | Not published. | The schedule being app-only means you cannot compare edgeX on price before signing up. We do not estimate it. | Open account at edgeX (opens in a new tab) |
| Extended verified 2026-09-10 | Order-book maker/taker with documented maker rebates. | 0% | 0.025% | Maker rebates of 0.002%–0.013% for makers with ≥0.5% of 30-day maker volume; referred users get 10% off commissions on their first $50M. | — | Open account at Extended (opens in a new tab) |
| GRVT verified 2026-09-21 | Order-book maker/taker, nine tiers by 30-day volume; makers rebated from Level 1. | −0.0001% | 0.045% | Tiers fall to −0.003% maker / 0.024% taker at $1 billion of 30-day volume; locking 2,500, 10,000 or 50,000 GRVT tokens in the Membership Program grants Level 2, 3 or 4. | Multi-Asset Margin adds hourly interest on auto-borrowed USDT and a 0.1%–0.25% repayment fee on converted USDC; funding settles every 4 or 8 hours on most markets. | Open account at GRVT (opens in a new tab) |
| Variational Omni verified 2026-09-22 | Request-for-quote against one in-house dealer (OLP); no maker/taker fee, the cost is the quoted spread. | 0% | 0% | None; there is no fee to discount. Referrers receive 5% of the spread their referrals pay, in USDC. | Zero fee is not zero cost: every fill pays OLP's spread (about a basis point on BTC and ETH on the stats API, many times that on long-tail names), 0.1 USDC per deposit or withdrawal, and a 0.5% liquidation penalty. Private beta behind an access code. | Open account at Variational Omni (opens in a new tab) |
| Nado verified 2026-09-30 | Order-book maker/taker (off-chain sequencer, on-chain clearinghouse on Ink); seven VIP tiers on 30-day spot + perp volume. | 0.01% → −0.008% (by tier) | 0.035% → 0.015% (by tier) | VIP tiers on 30-day volume reach 1.5 bps taker and a −0.8 bp maker rebate at $1B; referral codes with a kickback return part of fees. | Flat sequencer fees apply (1 USDT0 per withdrawal, 1 USDT0 per liquidation); the fees page's worked example still calls the top tier "$5B+", superseded by the Season 2 schedule. | Open account at Nado (opens in a new tab) |
| SoDEX verified 2026-09-24 | Order-book maker/taker on SoSoValue's ValueChain; seven tiers on 14-day weighted volume (perps + 2× spot). | 0.012% → 0% (by tier) | 0.040% → 0.022% (by tier) | Staking SOSO takes 5% to 40% off; makers above 0.50% / 1.50% / 3.00% of 14-day maker volume earn −0.001% / −0.002% / −0.003% instead of the tier maker fee. | Deposits are held by institutional custodians and mirrored 1:1 on ValueChain; a separate docs page still quotes testnet rates (0.05% / 0.02%), superseded by the tier schedule dated 13 March. | Open account at SoDEX (opens in a new tab) |
| Veranta verified 2026-09-29 | Vault-backed (avUSDC counterparty) at oracle price plus spread; maker/taker set by open-interest skew, charged on open and close. | 0.001% (crypto) · 0% RWAs | 0.045% (crypto) · 0% RWAs | AVNT staking with 30-day volume takes 5% to 30% off fixed-fee trades (2.5% to 25% off Upside profit share); referral discounts stack. Upside Perps charge no commission, keeping 5% to 25% of winning trades. | Maker/taker means joining or skewing the lighter side of open interest, not order type; a size-scaled spread and a net rate (funding + borrow) apply on top. The docs' summary table swaps the maker and taker labels. | Open account at Veranta (opens in a new tab) |
| Vest Markets verified 2026-09-30 | Session-based fee per market plus zkRisk risk premia and funding; off-chain matching, state on Base. | 0% stocks in US hours · 0.01% crypto | 0% stocks in US hours · 0.01% crypto | No volume tiers or token discount documented. | zkRisk charges premia by each trade's marginal risk on top of the listed fee; non-crypto markets pause at weekends since 31 July 2026. | Open account at Vest Markets (opens in a new tab) |
| Derive verified 2026-10-05 | Order-book maker/taker on perps with a per-order taker base fee; options-first venue, ZK-proven settlement on Ethereum L1. | 0.01% | 0.03% + $0.01 per order | Lower tiers for more volume or staked DRV, shown in the app rather than the docs; RFQ multi-leg trades get up to 100% off cheaper legs. | Options fees differ ($0.5 + min(0.03% notional, 12.5% premium) taker); the docs give the liquidation fee as both 10% and 2%, and funding caps differ between pages and the API. | Open account at Derive (opens in a new tab) |
| Ondo Perps verified 2026-10-05 | Order-book maker/taker matched in an Intel SGX enclave; custodial omnibus hot wallet with off-chain balances. | 0.01% (promo; base 0.02%) | 0.025% (promo; base 0.05%) | 14-day rolling volume tiers and individual fee arrangements are mentioned but the tier table is not published; referral rebates reduce the net fee. | Funds sit in an omnibus hot wallet and balances are tracked off-chain; the promotion has no published end date; builders may add up to 10 bps. | Open account at Ondo Perps (opens in a new tab) |
| Jupiter Perps verified 2026-09-21 | Pool-based: flat open and close fees plus a borrow fee while the position is open. | n/a (no maker/taker split) | 0.06% open + 0.06% close, plus borrow | None documented on the compared schedule. | Borrow accrues while the position is open — a holding cost the two flat 0.06% legs do not capture. | Open account at Jupiter Perps (opens in a new tab) |
| Ostium verified 2026-09-28 | Per-event: opening fee, oracle fee, rollover while open; closing is 0 bps except an early-close fee on profitable closes within 15 seconds. | n/a (no maker/taker split) | Open + oracle + rollover (+ early-close) | None documented on the compared schedule. | Rollover accrues while the position is open, so cost scales with holding time as well as size. | Open account at Ostium (opens in a new tab) |
| Pacifica verified 2026-09-11 | Order-book maker/taker; volume tiers. | 0.015% → 0% (by tier) | 0.040% → 0.028% (by tier) | Eight 30-day-volume tiers take taker to 0.028% and maker to 0% (VIP 1 from $100M); a verified tier from another exchange can be carried over for 30 days; no token discount. | — | Open account at Pacifica (opens in a new tab) |
| Paradex verified 2026-09-10 | Zero-fee Retail orders (web app or interactive-token API); Pro orders (standard API) pay a flat maker fee and a 14-day-volume taker ladder. | 0% (retail) / 0.003% (Pro) | 0% (retail) / 0.045% → 0.035% (Pro, by 14-day volume) | Pro taker: pay fees in DIME for a flat 40% off; stake DIME for a further tiered discount up to 30%; floor 0.0175%. | The headline zero covers Retail-classified orders only; an account that exceeds Retail rate limits switches to Pro behaviour and the ladder applies. | Open account at Paradex (opens in a new tab) |
Referral links: Hyperliquid, Aster, dYdX, GMX, Lighter. Following one may earn us a commission at no extra cost to you. The other 15 venues are plain links we earn nothing from — they are listed on the same terms as the rest. Neither affects the figures above or the order of this table. How we work.
Reading this honestly
Base-tier rates answer one narrow question: what a small taker order costs on day one. They don't decide which venue is cheapest for you — that depends on your maker/taker mix (Aster, Lighter, Extended and Paradex charge makers nothing at their base tier), your volume (dYdX, ApeX and Pacifica all improve with it, and dYdX eventually pays makers), how long you hold (GMX, Jupiter and Ostium all bill for time held, and funding accrues everywhere), and which discounts you activate. The page linked in each row carries the detail; the earning comparison covers the other side of the ledger — what each venue offers, not what it charges.
Two rows say “not published”, and that is the honest answer rather than a gap we filled. edgeX publishes no fee schedule at all — its rates are visible only inside the app. Paradex publishes a zero-fee retail tier but not its Pro schedule, so the zero describes retail accounts only. We would rather show you a venue you cannot price than quote a number we cannot source.
Every figure is restated from a page on this site that verified it against the venue's official documentation, with that page's date shown in each row. 19 venues source from their own fees page; the other 1, which have no fees page yet, source from their head-to-head comparison. Fee schedules change and these dates are the age of the check, not of the rate — if a linked page and this table ever disagree, the linked page is newer, and tell us. Some linked pages contain disclosed referral links; see our methodology.