Which is the cheapest perp DEX in 2026?

Lighter currently has zero retail trading fees and is typically the cheapest for small-to-mid orders; Hyperliquid wins at scale due to deeper liquidity and tighter slippage. Use Perps Arena to confirm for your exact size.

How is total execution cost calculated?

Total cost = maker/taker fee + slippage at your notional + any borrow/funding accrual over your expected holding period + network/bridge fees if applicable.

Do perp DEXs have hidden fees?

Most publish transparent maker/taker fees, but borrow fees (GMX), spread-as-fee (Ostium, gTrade), and oracle premiums can hide cost. Perps Arena normalizes all of these into a single bps figure.

What is slippage on a perp DEX?

The difference between the quoted mid-price and your actual execution price. On order-book DEXs (Hyperliquid, Lighter, Aster, Extended) it depends on book depth; on AMM/oracle DEXs (GMX, gTrade) it depends on pool/oracle parameters.

Are perp DEX fees lower than CEX fees?

Often yes. Hyperliquid’s 0.045% base-tier taker (Hyperliquid Docs) undercuts Binance Futures (0.05% taker per Binance FAQ) and Bybit (“the taker a 0.055% trading fee, and the maker a 0.02% trading fee,” Bybit Help Center). Lighter goes to zero for retail. High-volume CEX traders may still get lower fees on top tiers.

What’s the difference between a perp DEX and a perp DEX aggregator like VOOI Ultra?

A perp DEX is a single venue. An aggregator routes your order to the venue with the best blended price across multiple DEXs in one transaction, with one balance and one position view.

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The Perp DEX Fee & Slippage Comparator

Perps Arena is VOOI Ultra’s live execution-cost comparator for the top decentralized perpetual exchanges. Pick a pair, position size, leverage and direction, and instantly see total entry cost — maker/taker fees, expected slippage and current funding — across Hyperliquid, Lighter, Aster, Extended, trade.xyz, Kinetiq, Ostium, GMX and gTrade. Find the cheapest perp DEX for your trade size before you commit capital. Updated in real time from on-chain order books and oracle feeds.

Direction

Size:

USD

Leverage:

Search:

Categories:

Direction

Size:

USD

Leverage:

Search:

Categories:

Asset

Hyperliquid

trade.xyz

Points

Kinetiq

Lighter

Aster

Points

Extended

Points

Ostiumon

GMXon

gTradeon

Action

Asset

Hyperliquid

trade.xyz

Points

Kinetiq

Lighter

Aster

Points

Extended

Points

Ostiumon

GMXon

gTradeon

Action

BTC

$64,187.3

4.50 bps

—

$64,150.9

0.03 bps

$64,175.8

4.69 bps

$63,980.7

2.53 bps

—

Execute bestSavings – $3.22

ETH

$1,724.6

4.83 bps

—

$1,723.7

0.05 bps

$1,722.6

4.71 bps

$1,727.6

2.84 bps

—

Execute bestSavings – $2.91

SOL

$73.240

4.61 bps

—

$73.200

0.20 bps

$73.170

6.18 bps

$72.918

3.15 bps

—

Execute bestSavings – $4.40

HYPE

$67.648

4.56 bps

—

$67.599

0.66 bps

$67.703

4.44 bps

$67.795

2.70 bps

—

Execute bestSavings – $2.89

—

$0.9471

19.60 bps

—

Execute bestSavings – $0.00

BTW

—

$0.1234

10.78 bps

—

Execute bestSavings – $0.00

ZEC

$452.55

4.74 bps

—

$451.81

1.82 bps

$452.42

4.55 bps

$461.86

3.15 bps

—

Execute bestSavings – $21.76

XRP

$1.1432

4.94 bps

—

$1.1413

1.45 bps

$1.1431

5.77 bps

$1.1440

2.97 bps

—

Execute bestSavings – $2.35

LAB

—

$15.977

6.52 bps

—

Execute bestSavings – $0.00

WLD

$0.5988

5.92 bps

—

$0.5985

3.86 bps

$0.5986

6.63 bps

$0.5986

6.81 bps

—

Execute bestSavings – $0.62

TNSR

$0.05199

-16.41 bps

—

$0.05208

16.60 bps

—

Execute bestSavings – $1.66

ALICE

—

$0.1443

13.55 bps

—

Execute bestSavings – $0.00

BNB

$587.84

5.05 bps

—

$586.89

1.65 bps

$588.32

4.22 bps

$588.56

2.56 bps

—

Execute bestSavings – $2.83

NEAR

$2.2274

5.07 bps

—

$2.2241

1.47 bps

$2.2275

11.53 bps

$2.2172

6.86 bps

—

Execute bestSavings – $4.64

DOGE

$0.08315

4.71 bps

—

$0.08306

1.18 bps

$0.08314

4.52 bps

$0.08321

3.20 bps

—

Execute bestSavings – $1.71

TAO

$234.14

6.05 bps

—

$233.72

2.17 bps

$233.98

6.42 bps

$234.31

4.55 bps

—

Execute bestSavings – $2.53

AXS

$1.1211

8.85 bps

—

$1.1199

4.35 bps

$1.1194

7.90 bps

—

Execute bestSavings – $1.52

SUI

$0.7056

5.46 bps

—

$0.7048

1.90 bps

$0.7057

6.25 bps

$0.7069

3.13 bps

—

Execute bestSavings – $3.00

AVAX

$6.2855

7.81 bps

—

$6.2738

2.11 bps

$6.2856

8.07 bps

$6.2674

3.03 bps

—

Execute bestSavings – $2.89

1000PEPE

$0.002824

6.40 bps

—

$0.002821

6.15 bps

$0.002824

5.54 bps

$0.002825

14.45 bps

—

Execute bestSavings – $1.67

ENA

$0.09126

5.34 bps

—

$0.09114

1.77 bps

$0.09123

7.33 bps

$0.08956

4.24 bps

—

Execute bestSavings – $18.64

ADA

$0.1610

4.76 bps

—

$0.1607

3.85 bps

$0.1610

7.23 bps

$0.1605

5.75 bps

—

Execute bestSavings – $3.25

WTI

—

$78.365

11.09 bps

—

$78.374

11.86 bps

$78.321

5.92 bps

$77.604

4.95 bps

—

Execute bestSavings – $9.82

ASTER

$0.6419

6.02 bps

—

$0.6409

3.64 bps

$0.6422

6.47 bps

$0.6434

4.34 bps

—

Execute bestSavings – $3.92

BEL

—

$0.1419

18.24 bps

—

Execute bestSavings – $0.00

CLO

—

$0.1938

22.22 bps

—

Execute bestSavings – $0.00

UNI

$3.0228

5.92 bps

—

$3.0212

6.52 bps

$3.0222

9.09 bps

$2.9804

4.28 bps

—

Execute bestSavings – $14.02

ALLO

—

$0.4043

9.57 bps

—

Execute bestSavings – $0.00

SAND

$0.05790

7.03 bps

—

$0.05796

9.05 bps

—

Execute bestSavings – $1.00

XLM

$0.2114

5.49 bps

—

$0.2111

6.76 bps

$0.2113

9.48 bps

$0.2121

11.59 bps

—

Execute bestSavings – $5.01

PUMP

$0.001490

7.98 bps

—

$0.001488

13.51 bps

$0.001490

16.22 bps

$0.001487

5.99 bps

—

Execute bestSavings – $2.21

XPL

$0.09574

6.51 bps

—

$0.09559

5.63 bps

$0.09573

19.18 bps

$0.09452

4.75 bps

—

Execute bestSavings – $12.77

—

$0.1801

-22.67 bps

—

Execute bestSavings – $0.00

SLX

—

$0.1951

15.33 bps

—

Execute bestSavings – $0.00

EIGEN

$0.2691

8.34 bps

—

$0.2686

9.06 bps

$0.2688

16.48 bps

$0.2759

39.01 bps

—

Execute bestSavings – $26.41

JTO

$0.7051

7.50 bps

—

$0.7041

8.27 bps

$0.7039

8.64 bps

—

Execute bestSavings – $1.73

AAVE

$73.997

5.98 bps

—

$73.980

2.22 bps

$74.010

6.73 bps

$75.300

5.95 bps

—

Execute bestSavings – $17.53

ONDO

$0.3371

6.25 bps

—

$0.3368

7.25 bps

$0.3371

8.32 bps

$0.3370

5.60 bps

—

Execute bestSavings – $1.08

LINK

$7.9397

6.01 bps

—

$7.9279

3.68 bps

$7.9383

7.79 bps

$7.9221

3.89 bps

—

Execute bestSavings – $2.22

MET

$0.1875

8.47 bps

—

$0.1876

12.39 bps

$0.1876

17.36 bps

—

Execute bestSavings – $0.41

FIL

$0.8040

6.80 bps

—

$0.8033

5.31 bps

$0.8053

22.79 bps

—

Execute bestSavings – $2.51

BEAT

—

$1.7436

8.79 bps

—

Execute bestSavings – $0.00

BRENT

—

$81.873

11.12 bps

—

$81.843

12.26 bps

$81.803

7.06 bps

$81.245

7.08 bps

—

Execute bestSavings – $7.68

VELVET

—

$0.4657

14.01 bps

—

Execute bestSavings – $0.00

RESOLV

$0.01767

17.43 bps

—

$0.01764

10.27 bps

$0.01766

17.98 bps

—

Execute bestSavings – $1.75

TRUMP

$1.8529

6.24 bps

—

$1.8497

3.24 bps

$1.8528

17.64 bps

$1.7994

7.75 bps

—

Execute bestSavings – $28.90

TRX

$0.3266

6.02 bps

—

$0.3263

4.11 bps

$0.3266

16.47 bps

$0.3272

5.69 bps

—

Execute bestSavings – $2.76

ESPORTS

—

$0.03186

19.80 bps

—

Execute bestSavings – $0.00

BCH

$197.90

5.34 bps

—

$197.61

6.65 bps

$197.85

8.70 bps

$197.87

8.19 bps

—

Execute bestSavings – $1.46

SIREN

—

$0.04212

18.14 bps

—

Execute bestSavings – $0.00

ACE

$0.08827

13.96 bps

—

Execute bestSavings – $0.00

AERO

$0.5436

7.67 bps

—

$0.5421

13.55 bps

$0.5435

11.49 bps

$0.5331

6.60 bps

—

Execute bestSavings – $19.26

US100

—

$30,372.4

5.07 bps

—

$30,364.1

1.36 bps

—

$30,439.7

8.13 bps

—

Execute bestSavings – $2.48

JUP

$0.2215

6.88 bps

—

$0.2212

6.90 bps

$0.2224

37.87 bps

$0.2136

9.66 bps

—

Execute bestSavings – $39.70

—

$0.09339

14.85 bps

—

Execute bestSavings – $0.00

SP500

—

$7,490.6

4.70 bps

—

$7,487.0

1.18 bps

—

$7,479.0

5.55 bps

—

Execute bestSavings – $1.55

LTC

$45.044

5.40 bps

—

$44.957

3.46 bps

$45.029

7.45 bps

$44.710

5.67 bps

—

Execute bestSavings – $7.40

BTR

—

$0.02257

19.66 bps

—

Execute bestSavings – $0.00

INJ

$4.9776

7.01 bps

—

$4.9791

8.15 bps

—

Execute bestSavings – $0.28

FET

$0.1865

7.44 bps

—

$0.1864

12.18 bps

—

Execute bestSavings – $0.21

DOT

$0.9644

8.14 bps

—

$0.9637

3.39 bps

$0.9653

19.69 bps

$0.9668

10.87 bps

—

Execute bestSavings – $3.19

HOME

—

$0.02046

4.92 bps

—

Execute bestSavings – $0.00

BULLA

—

$0.005544

16.49 bps

—

Execute bestSavings – $0.00

LIT

$1.5691

5.92 bps

—

$1.5670

2.03 bps

$1.5657

4.45 bps

$1.5726

5.17 bps

—

Execute bestSavings – $4.37

XMR

$320.71

6.43 bps

—

$320.16

5.49 bps

$320.73

10.58 bps

$320.57

5.97 bps

—

Execute bestSavings – $1.79

EVAA

—

$0.7619

23.38 bps

—

Execute bestSavings – $0.00

CHIP

$0.03555

8.78 bps

—

$0.03552

9.64 bps

$0.03554

8.34 bps

$0.03771

5.20 bps

—

Execute bestSavings – $58.11

SPCX

—

$180.66

4.86 bps

—

$180.78

1.42 bps

—

$181.41

5.28 bps

—

Execute bestSavings – $4.14

SKHYNIX

—

$1,915.8

6.23 bps

—

$1,921.8

5.31 bps

—

Execute bestSavings – $3.12

GUA

—

$0.6987

17.90 bps

—

Execute bestSavings – $0.00

BSB

—

$0.3426

8.34 bps

—

Execute bestSavings – $0.00

MMT

—

$0.1538

19.05 bps

—

Execute bestSavings – $0.00

APT

$0.6522

6.70 bps

—

$0.6523

3.19 bps

$0.6526

37.19 bps

$0.6525

5.70 bps

—

Execute bestSavings – $0.59

$0.01140

25.79 bps

—

Execute bestSavings – $0.00

ORDI

$3.3665

6.60 bps

—

$3.3677

12.47 bps

—

Execute bestSavings – $0.37

FARTCOIN

$0.1246

7.70 bps

—

$0.1245

4.61 bps

$0.1247

16.17 bps

$0.1239

8.38 bps

—

Execute bestSavings – $6.08

AGT

—

$0.02489

12.15 bps

—

Execute bestSavings – $0.00

MYX

—

$0.1114

10.58 bps

$0.1116

17.90 bps

—

Execute bestSavings – $2.08

PENGU

$0.006798

6.83 bps

—

$0.006785

4.80 bps

$0.006795

7.07 bps

$0.006763

6.72 bps

—

Execute bestSavings – $5.09

GOLD

—

$4,166.4

4.65 bps

—

$4,165.1

0.22 bps

$4,166.8

4.30 bps

$4,166.7

2.66 bps

—

Execute bestSavings – $0.40

GRAM

—

$1.6893

7.35 bps

—

$1.6777

10.57 bps

—

Execute bestSavings – $6.84

$0.3243

9.42 bps

—

$0.3239

14.03 bps

$0.3238

7.45 bps

$0.3173

5.67 bps

—

Execute bestSavings – $21.49

ARB

$0.08364

6.38 bps

—

$0.08358

4.31 bps

$0.08373

16.09 bps

$0.08312

8.65 bps

—

Execute bestSavings – $7.32

VVV

$14.336

4.54 bps

—

$14.326

2.69 bps

$14.332

6.09 bps

$14.292

5.86 bps

—

Execute bestSavings – $3.11

ICP

$2.2647

5.89 bps

—

$2.2627

6.68 bps

$2.2649

10.53 bps

—

Execute bestSavings – $0.95

ETC

$7.3627

6.22 bps

—

$7.3620

56.72 bps

—

Execute bestSavings – $0.09

BASED

—

$0.09084

11.84 bps

—

Execute bestSavings – $0.00

RENDER

$1.6900

8.31 bps

—

$1.6917

13.00 bps

—

Execute bestSavings – $1.01

DYM

$0.01923

30.24 bps

—

$0.01922

19.37 bps

—

Execute bestSavings – $0.61

SILVER

—

$65.166

4.69 bps

—

$65.177

1.73 bps

$65.195

6.14 bps

$65.178

2.62 bps

—

Execute bestSavings – $0.45

WIF

$0.1621

6.87 bps

—

$0.1620

3.73 bps

$0.1622

13.38 bps

$0.1616

5.73 bps

—

Execute bestSavings – $3.85

MEGA

$0.05642

9.81 bps

—

$0.05636

11.13 bps

$0.05643

16.27 bps

$0.05633

6.18 bps

—

Execute bestSavings – $1.72

PENDLE

$1.4515

7.78 bps

—

$1.4495

5.62 bps

$1.4508

8.56 bps

$1.4552

7.44 bps

—

Execute bestSavings – $3.90

HBAR

$0.07982

5.46 bps

—

$0.07983

4.51 bps

$0.07980

7.15 bps

—

Execute bestSavings – $0.36

SAGA

$0.01520

15.81 bps

—

$0.01523

20.56 bps

—

Execute bestSavings – $1.92

—

$1,145.1

5.94 bps

—

$1,145.6

1.28 bps

—

$1,146.0

8.13 bps

—

Execute bestSavings – $0.73

SKYAI

—

$0.3570

9.24 bps

—

Execute bestSavings – $0.00

VIRTUAL

$0.6030

5.97 bps

—

$0.6026

4.76 bps

$0.6031

7.92 bps

$0.6006

8.13 bps

—

Execute bestSavings – $4.18

TIA

$0.3751

9.37 bps

—

$0.3751

4.92 bps

$0.3754

12.13 bps

$0.3691

5.34 bps

—

Execute bestSavings – $16.67

$0.1025

6.80 bps

—

$0.1025

8.23 bps

$0.1027

13.87 bps

$0.1027

12.38 bps

—

Execute bestSavings – $1.90

EDGE

—

$0.3918

18.24 bps

$0.3915

14.25 bps

$0.3995

11.53 bps

—

Execute bestSavings – $20.07

RIF

—

$0.08458

11.02 bps

—

Execute bestSavings – $0.00

1000SHIB

$0.004684

6.73 bps

—

$0.004681

5.23 bps

$0.004684

7.33 bps

$0.005728

1,676.44 bps

—

Execute bestSavings – $182.85

DASH

$36.384

7.24 bps

—

$36.354

4.39 bps

$36.375

9.63 bps

—

Execute bestSavings – $0.81

BIO

$0.03187

9.33 bps

—

$0.03186

14.15 bps

$0.03186

12.39 bps

—

Execute bestSavings – $0.07

SEI

$0.05488

7.42 bps

—

$0.05486

3.77 bps

$0.05488

28.79 bps

$0.05543

4.43 bps

—

Execute bestSavings – $10.35

PIPPIN

—

$0.01651

13.08 bps

—

Execute bestSavings – $0.00

DRAM

—

$80.790

6.57 bps

—

$80.942

7.09 bps

—

Execute bestSavings – $1.89

$0.2054

10.85 bps

—

$0.2055

16.24 bps

—

Execute bestSavings – $0.43

PAXG

$4,158.1

5.07 bps

—

$4,152.2

1.17 bps

$4,159.1

6.37 bps

—

Execute bestSavings – $1.65

STG

—

$0.2018

10.78 bps

—

Execute bestSavings – $0.00

MAGMA

—

$0.5055

11.24 bps

—

Execute bestSavings – $0.00

GALA

$0.002678

10.23 bps

—

$0.002681

22.82 bps

—

Execute bestSavings – $1.07

ZEREBRO

—

$0.04707

34.42 bps

—

Execute bestSavings – $0.00

WLFI

$0.05807

6.02 bps

—

$0.05799

3.65 bps

$0.05814

4.99 bps

$0.05819

6.07 bps

—

Execute bestSavings – $3.52

CHZ

—

$0.02127

8.40 bps

—

Execute bestSavings – $0.00

OPN

—

$0.07212

23.94 bps

—

Execute bestSavings – $0.00

CRV

$0.2136

6.14 bps

—

$0.2135

9.73 bps

$0.2140

27.54 bps

$0.2143

14.55 bps

—

Execute bestSavings – $3.47

SPX

$0.3704

8.60 bps

—

$0.3700

4.17 bps

$0.3710

18.95 bps

$0.3705

14.39 bps

—

Execute bestSavings – $2.63

BLESS

—

$0.007876

15.16 bps

—

Execute bestSavings – $0.00

EDEN

—

$0.04728

12.44 bps

$0.04727

17.61 bps

—

Execute bestSavings – $0.16

1000BONK

$0.004588

7.90 bps

—

$0.004584

3.39 bps

$0.004585

7.40 bps

$0.004577

9.19 bps

—

Execute bestSavings – $2.38

币安人生

—

$0.7207

106.12 bps

—

Execute bestSavings – $0.00

OPG

—

$0.1560

10.54 bps

—

Execute bestSavings – $0.00

ALGO

$0.09201

3.36 bps

—

$0.09223

20.42 bps

—

Execute bestSavings – $2.38

SAHARA

—

$0.01312

14.19 bps

—

Execute bestSavings – $0.00

LDO

$0.2808

6.64 bps

—

$0.2809

4.57 bps

$0.2811

5.90 bps

$0.2762

15.32 bps

—

Execute bestSavings – $17.23

CLANKER

—

$19.505

17.87 bps

—

Execute bestSavings – $0.00

INTC

—

$137.53

4.76 bps

—

$137.49

0.33 bps

—

$138.67

3.69 bps

—

Execute bestSavings – $8.47

ENJ

—

$0.03428

12.53 bps

—

Execute bestSavings – $0.00

DEXE

—

$14.383

20.43 bps

—

Execute bestSavings – $0.00

ATOM

$1.7745

7.46 bps

—

$1.7757

60.55 bps

—

Execute bestSavings – $0.71

AKE

—

$0.0₃4031

31.76 bps

—

Execute bestSavings – $0.00

ZRO

$0.9063

7.40 bps

—

$0.9067

6.00 bps

$0.9067

25.64 bps

$0.8959

6.54 bps

—

Execute bestSavings – $11.95

APE

$0.1386

7.90 bps

—

$0.1386

14.96 bps

—

Execute bestSavings – $0.05

PORTAL

—

$0.01500

33.58 bps

—

Execute bestSavings – $0.00

ETHFI

$0.3474

7.05 bps

—

$0.3477

12.38 bps

$0.3477

18.36 bps

—

Execute bestSavings – $0.94

BILL

—

$0.05402

11.54 bps

—

Execute bestSavings – $0.00

PLAY

—

$0.03431

12.90 bps

—

Execute bestSavings – $0.00

Overview

How Perps Arena compares perp DEX execution costs

Perps Arena pulls top-of-book quotes, simulates impact for the chosen notional, adds the venue’s posted fee schedule, and overlays current funding.

The cheapest headline fee isn’t always the cheapest total — funding and slippage can dominate at $500k+ size (per neuralarb.com 2026 analysis: “At $500K+ position size, Hyperliquid slippage (≈12 bps) begins to approach the funding spread itself”).

Venues

Fee snapshot by venue (2026)

Hyperliquid
0.045% taker / 0.015% maker (base tier), no gas, hourly funding. At $500M+ 14-day volume, top maker tier earns a −0.003% rebate (Hyperliquid Docs).
Lighter
0% retail trading fees, zk-rollup on Arbitrum, up to 50x leverage.
Aster
0.035% taker / 0.01% maker, up to 1001x leverage, hidden-order support.
Extended
0.025% taker / 0% maker (maker rebates up to 0.013%), Starknet orderbook perp DEX, up to 100x leverage.
trade.xyz
first HIP-3 deployer on Hyperliquid; 24/7 RWA perps (oil, gold, S&P 500).
Kinetiq
HYPE-staking-anchored perp venue on Hyperliquid.
Ostium
0.04% taker / 0.02% maker, RWA-focused (oil, gold, FX) on Arbitrum.
GMX (v2)
0.04% open / 0.06% close (down from 5/7 bps as of @GMX_IO post, 6 Jan 2025), oracle-priced, Arbitrum. (Older 0.1% references describe GMX v1.)
gTrade (Gains Network)
spread-based effective fees, up to 150x on forex, Arbitrum.

Routing

When does each perp DEX win?

Scalping: Lighter (zero fees) or Hyperliquid (deepest BTC book).
High leverage: Aster (1001x) or gTrade (150x forex).
RWA / commodities: Ostium, trade.xyz.
Large size (>$500k): Hyperliquid (slippage edge).
Funding-rate sensitivity: see Funding Radar.

Methodology

How Perps Arena estimates slippage

Simulates a market order against current order-book depth (CLOB venues) or the oracle/pool model (AMM venues), normalized to bps. Surfaces a single all-in cost in the same units across heterogeneous venue models.

FAQ

Frequently asked questions

Explore

Perps Arena

The Perp DEX Fee & Slippage Comparator

How Perps Arena compares perp DEX execution costs

Fee snapshot by venue (2026)

When does each perp DEX win?

How Perps Arena estimates slippage

Frequently asked questions

Which is the cheapest perp DEX in 2026?

How is total execution cost calculated?

Do perp DEXs have hidden fees?

What is slippage on a perp DEX?

Are perp DEX fees lower than CEX fees?

What’s the difference between a perp DEX and a perp DEX aggregator like VOOI Ultra?

Continue exploring VOOI Ultra