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.

ULTRA Feature

Perps Arena

The Perp Fee & Slippage Comparator

Perps Arena is VOOI Ultra’s live execution-cost comparator for the top 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, trade.xyz, Kinetiq, Lighter, Robinhood, Aster, Extended, Ondo, Binance, MEXC, Bybit, Ostium, GMX and gTrade. Find the cheapest venue for your trade size before you commit capital. Updated in real time from live order books and oracle feeds.

Direction

Size:

USD

Leverage:

Search:

Categories:

Direction

Size:

USD

Leverage:

Search:

Categories:

Asset

Hyperliquid

trade.xyz

Points

Kinetiq

Lighter

Robinhood

Aster

Points

Extended

Points

Ondo

Binance

MEXC

Bybit

Points

Ostium

GMX

gTrade

Action

Asset

Hyperliquid

trade.xyz

Points

Kinetiq

Lighter

Robinhood

Aster

Points

Extended

Points

Ondo

Binance

MEXC

Bybit

Points

Ostium

GMX

gTrade

Action

BTC

$83,669.2

4.51 bps

—

$83,645.0

2.48 bps

$83,656.2

6.18 bps

$83,679.9

6.02 bps

USDT

$83,650.2

4.51 bps

$83,656.7

5.88 bps

$83,665.5

4.98 bps

USDT

$83,696.9

7.98 bps

$83,668.0

5.49 bps

—

Execute bestSavings – $0.62

ETH

$2,657.6

4.81 bps

—

$2,656.4

3.48 bps

$2,657.1

6.58 bps

$2,657.2

6.08 bps

USDT

$2,656.6

4.73 bps

$2,656.2

6.55 bps

$2,656.6

5.03 bps

USDT

$2,657.4

8.03 bps

$2,656.8

5.47 bps

—

Execute bestSavings – $0.53

SOL

$120.86

5.00 bps

—

$120.80

2.58 bps

$120.80

6.54 bps

$120.89

6.21 bps

USD1

$120.82

4.94 bps

$120.80

5.78 bps

$120.83

5.40 bps

USDT

$120.88

8.40 bps

$120.87

6.03 bps

—

Execute bestSavings – $0.75

ZEC

$1,581.4

5.08 bps

—

$1,580.7

3.39 bps

$1,580.1

7.67 bps

$1,580.0

6.37 bps

$1,579.1

5.67 bps

$1,579.3

8.11 bps

$1,579.3

5.16 bps

USDT

$1,579.8

8.16 bps

$1,579.5

5.66 bps

—

Execute bestSavings – $1.41

XRP

$1.5080

4.96 bps

—

$1.5070

3.77 bps

$1.5075

6.28 bps

$1.5076

6.39 bps

$1.5076

4.96 bps

$1.5072

8.28 bps

$1.5074

5.36 bps

USDT

$1.5076

8.36 bps

$1.5074

5.95 bps

—

Execute bestSavings – $0.68

QNT

—

$262.78

16.42 bps

—

$262.48

5.89 bps

$262.49

8.32 bps

$262.52

8.52 bps

—

Execute bestSavings – $1.13

NEAR

$5.3023

4.91 bps

—

$5.3062

4.52 bps

$5.3026

9.85 bps

$5.3052

9.90 bps

$5.2986

6.99 bps

—

$5.3007

6.07 bps

USDT

$5.3013

9.07 bps

$5.3009

8.40 bps

—

Execute bestSavings – $1.45

SUI

$1.2643

5.50 bps

—

$1.2643

5.96 bps

$1.2639

9.63 bps

$1.2644

10.93 bps

$1.2637

5.66 bps

—

$1.2637

6.51 bps

USDT

$1.2638

8.52 bps

$1.2636

7.53 bps

—

Execute bestSavings – $0.62

HYPE

$90.848

4.58 bps

—

$90.836

3.12 bps

$90.888

6.92 bps

$90.855

6.32 bps

$90.786

4.19 bps

$90.892

6.28 bps

$90.845

4.89 bps

$90.872

7.96 bps

$90.839

5.92 bps

—

Execute bestSavings – $1.16

WLD

$0.5330

6.16 bps

—

$0.5329

4.81 bps

—

$0.5333

10.63 bps

$0.5330

5.75 bps

—

$0.5326

7.44 bps

USDT

$0.5327

9.06 bps

$0.5327

7.82 bps

—

Execute bestSavings – $1.26

DOGE

$0.09555

4.68 bps

—

$0.09553

5.36 bps

—

$0.09548

7.11 bps

$0.09553

6.94 bps

—

$0.09546

5.59 bps

USDT

$0.09549

8.59 bps

$0.09547

6.15 bps

—

Execute bestSavings – $0.95

ENA

$0.2745

5.86 bps

—

$0.2744

4.08 bps

—

$0.2746

10.99 bps

$0.2743

6.51 bps

$0.2744

8.09 bps

$0.2743

5.31 bps

USDT

$0.2744

9.01 bps

$0.2743

7.07 bps

—

Execute bestSavings – $1.35

GOLD

—

$4,217.1

4.67 bps

—

$4,220.8

2.68 bps

$4,222.4

6.25 bps

$4,225.0

6.35 bps

USD1

$4,221.0

4.67 bps

$4,218.1

4.93 bps

—

$4,224.4

8.41 bps

$4,224.3

5.98 bps

—

Execute bestSavings – $1.87

TAO

$312.36

5.59 bps

—

$312.24

3.12 bps

—

$312.49

8.85 bps

$312.23

6.58 bps

—

$312.13

5.29 bps

$312.27

8.45 bps

$312.30

7.90 bps

—

Execute bestSavings – $1.15

UNI

$9.5004

4.68 bps

—

$9.5068

5.36 bps

—

$9.5139

8.34 bps

$9.5001

4.94 bps

—

$9.5019

5.65 bps

USDT

$9.5057

10.23 bps

$9.4993

7.05 bps

—

Execute bestSavings – $1.53

—

$0.02928

15.90 bps

—

$0.02925

11.31 bps

$0.02926

13.72 bps

$0.02929

24.95 bps

—

Execute bestSavings – $1.33

PUMP

$0.005224

6.87 bps

—

$0.005216

4.47 bps

—

$0.005217

11.23 bps

$0.005219

8.76 bps

$0.005217

9.32 bps

$0.005217

7.18 bps

$0.005219

9.08 bps

$0.005212

8.01 bps

—

Execute bestSavings – $2.29

ONDO

$0.5753

5.51 bps

—

$0.5755

4.03 bps

—

$0.5752

6.99 bps

$0.5751

8.98 bps

$0.5750

10.54 bps

$0.5747

6.00 bps

$0.5749

9.00 bps

$0.5746

7.09 bps

—

Execute bestSavings – $1.54

BNB

$774.89

5.05 bps

—

$774.23

2.92 bps

—

$775.66

7.07 bps

$774.41

4.69 bps

—

$775.37

5.06 bps

USDT

$776.72

8.64 bps

$774.64

6.27 bps

—

Execute bestSavings – $3.20

SOON

—

$0.3055

17.59 bps

—

$0.3050

8.05 bps

$0.3051

11.95 bps

$0.3047

11.60 bps

—

Execute bestSavings – $2.73

ARB

$0.2225

7.04 bps

—

$0.2225

5.61 bps

—

$0.2228

8.82 bps

—

$0.2224

5.37 bps

USDT

$0.2225

8.35 bps

$0.2224

7.16 bps

—

Execute bestSavings – $1.71

AVAX

$10.887

5.08 bps

—

$10.882

4.30 bps

—

$10.894

7.88 bps

$10.882

7.27 bps

—

$10.887

6.52 bps

USDT

$10.888

8.53 bps

$10.887

6.77 bps

—

Execute bestSavings – $1.07

LINK

$14.070

4.98 bps

—

$14.070

6.88 bps

—

$14.072

7.90 bps

$14.063

7.41 bps

—

$14.067

5.46 bps

USDT

$14.070

8.45 bps

$14.066

6.62 bps

—

Execute bestSavings – $0.65

XPL

$0.1057

6.39 bps

—

$0.1055

7.42 bps

—

$0.1057

12.75 bps

$0.1058

7.69 bps

—

$0.1057

8.05 bps

$0.1057

8.60 bps

$0.1056

9.27 bps

—

Execute bestSavings – $2.72

ADA

$0.2546

4.82 bps

—

$0.2544

4.98 bps

—

$0.2546

8.09 bps

$0.2547

6.59 bps

—

$0.2546

7.09 bps

USDT

$0.2547

10.09 bps

$0.2546

7.58 bps

—

Execute bestSavings – $0.87

1000PEPE

$0.004299

5.79 bps

—

$0.004307

5.07 bps

—

$0.004302

6.24 bps

—

$0.004300

5.39 bps

USDT

—

$0.004299

6.79 bps

—

Execute bestSavings – $1.80

BCH

$326.24

5.01 bps

—

$326.36

6.87 bps

—

$326.47

11.64 bps

—

$326.01

5.28 bps

USDT

$326.77

9.04 bps

$326.08

8.67 bps

—

Execute bestSavings – $2.32

LTC

$70.595

5.01 bps

—

$70.671

5.52 bps

—

$70.643

8.25 bps

$70.553

10.31 bps

—

$70.556

6.78 bps

USDT

$70.567

8.83 bps

$70.539

6.37 bps

—

Execute bestSavings – $1.86

AAVE

$152.51

4.95 bps

—

$152.62

5.14 bps

—

$152.45

7.46 bps

$152.41

8.23 bps

—

$152.41

5.45 bps

USDT

$152.43

8.45 bps

$152.40

5.95 bps

—

Execute bestSavings – $1.46

SILVER

—

$62.525

5.21 bps

—

$62.530

2.78 bps

$62.585

6.77 bps

$62.580

7.96 bps

$62.589

5.90 bps

$62.478

6.16 bps

—

$62.582

9.09 bps

$62.587

6.76 bps

—

Execute bestSavings – $1.77

PENGU

$0.01021

10.45 bps

—

$0.01020

6.05 bps

—

$0.01022

13.78 bps

—

$0.01020

7.95 bps

USDT

$0.01020

10.62 bps

$0.01019

8.03 bps

—

Execute bestSavings – $2.77

WTI

—

$93.831

4.46 bps

—

$93.804

2.90 bps

—

$93.874

6.26 bps

USD1

$93.847

5.13 bps

$93.801

5.49 bps

—

$93.903

8.33 bps

$93.839

5.77 bps

—

Execute bestSavings – $1.08

FIL

$1.1209

6.24 bps

—

$1.1203

9.59 bps

—

$1.1207

12.53 bps

—

$1.1195

6.40 bps

USDT

$1.1195

8.57 bps

$1.1195

9.36 bps

—

Execute bestSavings – $1.30

DASH

$68.415

10.87 bps

—

$68.374

8.40 bps

—

$68.342

8.32 bps

—

$68.315

8.10 bps

$68.345

11.05 bps

$68.348

8.61 bps

—

Execute bestSavings – $1.46

SKHYNIX

—

$1,307.7

5.52 bps

—

$1,308.2

4.99 bps

—

$1,308.6

8.82 bps

$1,308.8

6.72 bps

—

Execute bestSavings – $0.88

RARE

—

$0.01983

16.23 bps

—

$0.01981

7.65 bps

$0.01981

10.65 bps

$0.01985

12.06 bps

—

Execute bestSavings – $2.32

GRAM

$1.6490

5.75 bps

—

$1.6498

6.15 bps

—

$1.6531

24.61 bps

—

$1.6489

8.30 bps

$1.6494

11.30 bps

$1.6489

8.66 bps

—

Execute bestSavings – $2.54

XAUT

—

$4,222.4

5.14 bps

$4,223.5

8.43 bps

$4,222.4

5.69 bps

—

Execute bestSavings – $0.27

TRUMP

$2.0988

4.86 bps

—

$2.0981

5.17 bps

—

$2.0993

10.89 bps

—

$2.0981

9.90 bps

USDC

$2.0987

10.51 bps

$2.0972

12.76 bps

—

Execute bestSavings – $1.00

SOXL

—

$145.98

5.01 bps

—

$146.04

4.60 bps

$146.05

7.60 bps

$146.01

5.75 bps

—

$146.07

10.39 bps

—

$146.05

7.04 bps

$146.07

5.84 bps

—

Execute bestSavings – $0.63

US100

—

$30,458.5

4.59 bps

—

$30,453.7

3.03 bps

—

$30,452.8

6.98 bps

$30,469.9

5.47 bps

—

$30,469.0

8.04 bps

—

Execute bestSavings – $0.56

—

$0.02742

20.09 bps

—

$0.02742

11.00 bps

$0.02741

16.29 bps

$0.02748

21.46 bps

—

Execute bestSavings – $2.71

BTW

—

$1.2397

12.79 bps

—

$1.2394

9.38 bps

$1.2396

10.79 bps

$1.2382

11.84 bps

—

Execute bestSavings – $1.18

LIT

$4.4703

5.07 bps

—

$4.4674

2.08 bps

$4.4750

8.20 bps

$4.4750

9.80 bps

$4.4684

5.43 bps

—

$4.4685

8.41 bps

$4.4683

7.95 bps

$4.4725

9.19 bps

—

Execute bestSavings – $1.71

SP500

—

$7,719.3

4.47 bps

—

$7,719.2

3.02 bps

—

$7,717.3

5.15 bps

$7,720.6

5.22 bps

—

$7,722.0

7.95 bps

—

Execute bestSavings – $0.61

SPY

—

$769.48

4.75 bps

$769.90

3.32 bps

$770.28

5.74 bps

$770.01

7.17 bps

—

$768.66

5.98 bps

—

$770.06

8.06 bps

$769.98

6.29 bps

—

Execute bestSavings – $2.09

PONS

$0.5625

5.04 bps

—

$0.5627

4.75 bps

$0.5629

10.17 bps

$0.5633

13.93 bps

—

$0.5629

6.87 bps

$0.5630

11.43 bps

$0.5626

10.47 bps

—

Execute bestSavings – $1.34

XLM

$0.2158

5.88 bps

—

$0.2158

11.63 bps

—

$0.2159

8.44 bps

$0.2156

6.49 bps

—

$0.2156

6.73 bps

$0.2156

8.36 bps

$0.2156

11.96 bps

—

Execute bestSavings – $1.49

SEI

$0.08608

8.04 bps

—

$0.08603

7.85 bps

—

$0.08615

10.88 bps

—

$0.08599

5.73 bps

$0.08600

10.96 bps

$0.08590

7.35 bps

—

Execute bestSavings – $2.84

$0.01498

13.64 bps

—

$0.01496

9.87 bps

$0.01496

9.80 bps

$0.01495

11.27 bps

—

Execute bestSavings – $1.90

SAGA

$0.02576

-5.67 bps

—

$0.02579

7.36 bps

—

$0.02575

-10.66 bps

$0.02575

-6.47 bps

$0.02596

-5.44 bps

—

Execute bestSavings – $7.89

SNDK

—

$1,741.3

4.85 bps

—

$1,741.2

3.34 bps

$1,742.3

6.94 bps

—

$1,741.5

6.15 bps

$1,741.3

5.71 bps

—

$1,741.8

8.03 bps

$1,742.1

5.86 bps

—

Execute bestSavings – $0.68

DOT

$1.2581

5.02 bps

—

$1.2580

8.03 bps

—

$1.2588

10.10 bps

—

$1.2580

6.73 bps

$1.2581

8.52 bps

$1.2577

8.31 bps

—

Execute bestSavings – $0.84

GRASS

$0.6690

12.04 bps

—

$0.6703

19.23 bps

—

$0.6691

13.84 bps

—

$0.6688

10.42 bps

$0.6688

11.14 bps

$0.6679

11.47 bps

—

Execute bestSavings – $3.60

MARSCOIN

—

$0.1188

10.28 bps

—

$0.1186

6.86 bps

$0.1186

8.55 bps

$0.1187

15.55 bps

—

Execute bestSavings – $1.39

INJ

$7.7614

6.06 bps

—

$7.7698

9.35 bps

—

$7.7674

6.26 bps

$7.7685

9.01 bps

$7.7608

8.12 bps

—

Execute bestSavings – $1.16

—

$1,070.4

5.03 bps

—

$1,070.5

3.01 bps

$1,071.1

7.69 bps

—

$1,070.3

5.55 bps

$1,070.2

5.92 bps

—

$1,071.2

8.05 bps

$1,071.0

7.13 bps

—

Execute bestSavings – $0.94

ASTER

$0.7210

5.75 bps

—

$0.7212

6.83 bps

—

$0.7209

6.82 bps

$0.7208

7.27 bps

—

$0.7207

6.60 bps

$0.7208

8.82 bps

$0.7206

7.48 bps

—

Execute bestSavings – $0.96

PHA

—

$0.06299

12.80 bps

—

$0.06294

8.40 bps

$0.06297

11.75 bps

$0.06302

15.61 bps

—

Execute bestSavings – $1.23

NIL

$0.09119

8.35 bps

—

$0.09115

17.72 bps

—

$0.09107

8.43 bps

$0.09151

21.56 bps

$0.09129

14.48 bps

—

Execute bestSavings – $4.78

BRENT

—

$98.811

4.82 bps

—

$98.755

3.55 bps

—

$98.759

7.01 bps

$98.739

4.29 bps

$98.735

6.49 bps

—

$98.753

6.14 bps

—

Execute bestSavings – $0.77

DRAM

—

$60.741

5.27 bps

—

$60.755

4.23 bps

—

$60.658

5.40 bps

—

$60.769

8.82 bps

$60.777

6.99 bps

—

Execute bestSavings – $1.97

ZRO

$1.6507

9.77 bps

—

$1.6498

9.53 bps

—

$1.6499

17.03 bps

$1.6500

10.09 bps

—

$1.6471

9.03 bps

$1.6472

11.01 bps

$1.6478

11.30 bps

—

Execute bestSavings – $2.14

PEPE

—

$0.0₅4300

8.36 bps

—

Execute bestSavings – $0.00

VIRTUAL

$0.8278

4.74 bps

—

$0.8283

12.51 bps

—

$0.8287

12.83 bps

—

$0.8274

7.98 bps

$0.8274

10.11 bps

$0.8268

9.12 bps

—

Execute bestSavings – $2.23

USELESS

$0.2690

11.24 bps

—

$0.2689

9.02 bps

—

$0.2690

9.51 bps

—

$0.2689

6.47 bps

$0.2690

9.39 bps

$0.2688

11.85 bps

—

Execute bestSavings – $0.74

RUNE

$0.7269

6.54 bps

—

$0.7262

8.31 bps

$0.7263

8.81 bps

$0.7262

12.60 bps

—

Execute bestSavings – $0.95

LONGXIA

—

$0.07205

15.02 bps

—

$0.07205

7.82 bps

—

$0.07214

27.66 bps

—

Execute bestSavings – $1.20

VVV

$28.384

8.10 bps

—

$28.369

3.88 bps

$28.362

9.50 bps

$28.372

13.35 bps

—

$28.365

8.17 bps

$28.368

9.42 bps

$28.359

9.21 bps

—

Execute bestSavings – $0.90

APT

$0.8573

6.01 bps

—

$0.8579

15.30 bps

—

$0.8582

10.65 bps

—

$0.8579

8.43 bps

$0.8581

9.44 bps

$0.8576

8.47 bps

—

Execute bestSavings – $0.94

PYTH

$0.08447

8.93 bps

—

$0.08462

7.63 bps

—

$0.08450

10.27 bps

—

$0.08446

7.03 bps

$0.08448

9.78 bps

$0.08460

14.86 bps

—

Execute bestSavings – $1.87

RAY

—

$2.1191

12.17 bps

—

$2.1160

7.66 bps

$2.1158

11.19 bps

$2.1144

9.08 bps

—

Execute bestSavings – $2.20

AKE

—

$0.03023

18.65 bps

—

$0.03022

7.94 bps

$0.03022

11.08 bps

$0.03025

11.68 bps

—

Execute bestSavings – $1.13

JTO

$0.5896

8.62 bps

—

$0.5896

9.29 bps

—

$0.5896

12.20 bps

—

$0.5886

7.87 bps

$0.5886

8.98 bps

$0.5887

9.95 bps

—

Execute bestSavings – $1.73

TIA

$0.4967

5.59 bps

—

$0.4967

8.34 bps

—

$0.4967

14.19 bps

$0.4961

9.42 bps

—

$0.4963

7.43 bps

USDT

$0.4964

10.14 bps

$0.4960

8.33 bps

—

Execute bestSavings – $1.33

XMR

$538.80

6.32 bps

—

$539.06

6.04 bps

—

$539.04

9.01 bps

$538.95

6.72 bps

—

$539.21

7.17 bps

$539.35

9.27 bps

$538.95

8.59 bps

—

Execute bestSavings – $1.02

SAMSUNG

—

$199.99

1.61 bps

—

$200.26

0.77 bps

—

$200.59

7.67 bps

—

$200.69

5.38 bps

$200.31

2.37 bps

—

Execute bestSavings – $3.49

HBAR

$0.09671

6.09 bps

—

$0.09650

4.62 bps

—

$0.09669

11.30 bps

—

$0.09654

6.28 bps

USDT

$0.09658

8.64 bps

$0.09653

6.98 bps

—

Execute bestSavings – $2.17

JUP

$0.3599

4.76 bps

—

$0.3598

9.44 bps

—

$0.3597

10.30 bps

$0.3600

10.19 bps

—

$0.3594

7.09 bps

$0.3594

10.91 bps

$0.3592

9.64 bps

—

Execute bestSavings – $2.15

FET

$0.2466

5.03 bps

—

$0.2468

23.76 bps

—

$0.2464

7.16 bps

$0.2466

10.15 bps

—

Execute bestSavings – $1.66

FARTCOIN

$0.1923

4.88 bps

—

$0.1924

5.49 bps

—

$0.1928

16.63 bps

$0.1924

10.30 bps

—

$0.1924

7.72 bps

$0.1923

9.22 bps

$0.1923

9.82 bps

—

Execute bestSavings – $2.66

MON

$0.02799

6.25 bps

—

$0.02796

7.84 bps

—

$0.02796

7.91 bps

—

$0.02794

6.92 bps

$0.02796

11.71 bps

$0.02789

9.37 bps

—

Execute bestSavings – $3.87

—

$0.9312

20.43 bps

—

$0.9305

9.11 bps

$0.9306

11.79 bps

$0.9322

15.29 bps

—

Execute bestSavings – $1.87

ARX

—

$0.2336

16.97 bps

—

$0.2334

10.31 bps

$0.2334

12.61 bps

$0.2335

16.05 bps

—

Execute bestSavings – $0.67

ONE

—

$0.002487

6.71 bps

—

$0.002486

-6.22 bps

$0.002486

-5.55 bps

—

Execute bestSavings – $0.42

LSK

—

$0.3116

16.59 bps

—

$0.3112

7.44 bps

$0.3112

7.74 bps

$0.3123

11.78 bps

—

Execute bestSavings – $3.39

QQQ

—

$740.86

5.38 bps

$740.96

2.81 bps

$741.91

6.16 bps

—

$740.43

5.42 bps

—

$741.62

8.07 bps

$741.34

6.29 bps

—

Execute bestSavings – $2.00

AERO

$0.8221

10.34 bps

—

$0.8220

11.46 bps

—

$0.8220

15.44 bps

—

$0.8216

8.45 bps

$0.8216

8.73 bps

$0.8207

6.36 bps

—

Execute bestSavings – $1.72

ICP

$3.1022

5.79 bps

—

$3.1064

9.45 bps

—

$3.1056

10.11 bps

—

$3.1034

9.41 bps

$3.1035

9.74 bps

$3.1007

9.40 bps

—

Execute bestSavings – $1.85

NIULAI

—

$0.1015

12.38 bps

—

$0.1014

9.87 bps

$0.1014

11.04 bps

$0.1015

15.25 bps

—

Execute bestSavings – $1.04

GRT

—

$0.03434

7.80 bps

$0.03435

9.55 bps

$0.03432

11.75 bps

—

Execute bestSavings – $0.83

MUBARAK

—

$0.05416

29.80 bps

—

$0.05403

7.11 bps

$0.05403

10.68 bps

$0.05407

15.21 bps

—

Execute bestSavings – $2.45

ETC

$9.4680

8.30 bps

—

$9.4538

10.36 bps

—

$9.4508

6.75 bps

$9.4517

8.65 bps

$9.4533

8.09 bps

—

Execute bestSavings – $1.82

$0.1460

6.35 bps

—

$0.1461

7.75 bps

—

$0.1463

16.01 bps

—

$0.1461

7.44 bps

$0.1461

10.17 bps

$0.1460

9.06 bps

—

Execute bestSavings – $2.27

TRX

$0.3339

4.05 bps

—

$0.3341

3.53 bps

—

$0.3341

6.53 bps

—

$0.3341

4.74 bps

$0.3341

7.52 bps

$0.3339

6.66 bps

—

Execute bestSavings – $0.70

ETHFI

$0.7057

6.59 bps

—

$0.7054

10.32 bps

—

$0.7059

13.38 bps

—

$0.7047

9.12 bps

USDT

$0.7047

8.84 bps

$0.7048

8.84 bps

—

Execute bestSavings – $1.73

META

—

$735.45

5.44 bps

—

$735.67

3.46 bps

$735.85

7.35 bps

—

$734.59

6.37 bps

—

$735.72

8.49 bps

$735.53

7.18 bps

—

Execute bestSavings – $1.72

1000BONK

$0.003692

6.08 bps

—

$0.003689

7.50 bps

—

$0.003691

7.48 bps

—

$0.003687

8.37 bps

USDT

$0.003687

9.48 bps

$0.003686

9.56 bps

—

Execute bestSavings – $1.56

$0.06343

5.89 bps

—

$0.06342

30.98 bps

—

$0.06344

22.67 bps

—

$0.06332

9.13 bps

$0.06343

11.14 bps

$0.06341

9.96 bps

—

Execute bestSavings – $1.98

LDO

$0.4831

7.26 bps

—

$0.4843

10.02 bps

—

$0.4844

16.61 bps

—

$0.4834

7.45 bps

$0.4834

11.56 bps

$0.4827

9.08 bps

—

Execute bestSavings – $3.37

JASMY

—

$0.005307

15.03 bps

—

$0.005304

8.85 bps

$0.005307

11.66 bps

$0.005297

10.36 bps

—

Execute bestSavings – $2.01

1000SHIB

$0.005852

7.04 bps

—

$0.005851

5.77 bps

—

$0.005851

10.74 bps

—

$0.005847

5.98 bps

USDT

—

$0.005843

7.35 bps

—

Execute bestSavings – $1.62

ATOM

$1.8663

7.75 bps

—

$1.8661

24.76 bps

—

$1.8659

7.68 bps

$1.8665

10.68 bps

$1.8668

13.02 bps

—

Execute bestSavings – $0.49

MSTR

—

$158.37

5.69 bps

—

$158.34

3.80 bps

—

$158.39

6.56 bps

$158.25

8.70 bps

—

$158.48

8.32 bps

$158.47

7.50 bps

—

Execute bestSavings – $1.42

ARK

—

$0.2288

9.05 bps

$0.2288

10.31 bps

$0.2286

13.71 bps

—

Execute bestSavings – $0.88

RENDER

$2.0304

8.06 bps

—

$2.0282

8.60 bps

—

$2.0267

11.05 bps

$2.0286

10.59 bps

$2.0261

10.57 bps

—

Execute bestSavings – $2.12

CRV

$0.3451

4.77 bps

—

$0.3450

6.97 bps

—

$0.3462

20.60 bps

$0.3450

8.40 bps

—

$0.3448

7.07 bps

USDT

$0.3448

9.58 bps

$0.3445

9.77 bps

—

Execute bestSavings – $4.67

INTC

—

$120.09

5.15 bps

—

$120.20

4.03 bps

$120.24

7.12 bps

—

$120.09

7.48 bps

—

$120.23

8.25 bps

$120.23

8.97 bps

—

Execute bestSavings – $1.25

SKHY

—

$185.49

4.49 bps

—

$185.44

3.17 bps

$185.56

7.70 bps

—

$185.51

6.65 bps

—

$185.62

7.82 bps

$185.62

6.27 bps

—

Execute bestSavings – $0.96

PENDLE

$2.5987

7.53 bps

—

$2.5972

14.19 bps

—

$2.5978

14.03 bps

—

$2.5944

7.55 bps

$2.5953

11.54 bps

$2.5938

11.00 bps

—

Execute bestSavings – $1.90

NVDA

—

$224.58

5.01 bps

—

$224.61

2.65 bps

$224.88

6.65 bps

—

$224.75

8.88 bps

$224.49

5.01 bps

—

$224.82

8.22 bps

$224.73

6.04 bps

—

Execute bestSavings – $1.74

$4.4010

8.57 bps

—

$4.4027

15.22 bps

—

$4.3963

9.05 bps

$4.3976

10.40 bps

$4.3994

12.36 bps

—

Execute bestSavings – $1.46

WIF

$0.2432

4.83 bps

—

$0.2431

6.12 bps

—

$0.2431

10.24 bps

—

$0.2430

10.46 bps

USDT

$0.2429

10.18 bps

$0.2429

10.27 bps

—

Execute bestSavings – $1.01

WLFI

$0.05820

6.44 bps

—

$0.05818

9.50 bps

—

$0.05821

7.80 bps

—

$0.05823

6.84 bps

USDT

$0.05824

9.17 bps

$0.05817

6.21 bps

—

Execute bestSavings – $1.31

ZAMA

—

$0.08362

9.72 bps

—

$0.08356

8.62 bps

$0.08356

8.72 bps

$0.08360

12.68 bps

—

Execute bestSavings – $0.71

MAGIC

—

$0.05426

11.80 bps

$0.05427

13.10 bps

$0.05443

16.95 bps

—

Execute bestSavings – $3.15

POL

$0.1194

6.72 bps

—

$0.1193

13.53 bps

—

$0.1192

10.48 bps

—

$0.1191

8.23 bps

$0.1191

9.35 bps

$0.1191

8.76 bps

—

Execute bestSavings – $2.50

ZEN

$7.6847

9.59 bps

—

$7.6727

11.35 bps

—

$7.6689

7.49 bps

$7.6702

10.33 bps

$7.6683

13.76 bps

—

Execute bestSavings – $2.13

KAS

$0.04698

8.28 bps

—

$0.04701

21.34 bps

—

$0.04694

7.45 bps

$0.04695

10.82 bps

$0.04692

12.53 bps

—

Execute bestSavings – $1.89

CRCL

—

$87.310

5.37 bps

—

$87.345

3.68 bps

$87.403

8.86 bps

—

$87.270

8.00 bps

—

$87.390

8.57 bps

$87.370

7.97 bps

—

Execute bestSavings – $1.53

EIGEN

$0.2711

10.01 bps

—

$0.2710

9.60 bps

—

$0.2710

14.61 bps

—

$0.2707

10.53 bps

$0.2707

9.97 bps

$0.2706

12.17 bps

—

Execute bestSavings – $1.86

TAIKO

—

$0.09696

18.01 bps

—

$0.09691

13.61 bps

$0.09689

13.79 bps

$0.09692

16.78 bps

—

Execute bestSavings – $0.73

KORU

—

$20.797

6.01 bps

—

$20.809

11.78 bps

—

$20.826

9.90 bps

$20.821

7.90 bps

—

Execute bestSavings – $1.35

SKY

$0.08196

6.32 bps

—

$0.08226

20.60 bps

—

$0.08193

10.40 bps

—

$0.08189

9.12 bps

$0.08191

11.35 bps

$0.08186

13.21 bps

—

Execute bestSavings – $4.83

TRIA

—

$0.004315

18.69 bps

—

$0.004318

15.01 bps

$0.004322

25.20 bps

$0.004324

28.16 bps

—

Execute bestSavings – $2.06

AMD

—

$622.84

4.80 bps

—

$623.19

3.74 bps

$623.19

7.98 bps

—

$622.77

5.85 bps

—

$623.55

8.96 bps

$622.54

10.91 bps

—

Execute bestSavings – $1.61

SPCX

—

$149.16

4.90 bps

—

$149.16

3.21 bps

$149.25

6.88 bps

—

$149.09

5.57 bps

—

$149.33

10.41 bps

$149.30

6.91 bps

—

Execute bestSavings – $1.62

INX

—

$0.007251

23.38 bps

—

$0.007246

15.27 bps

$0.007245

15.27 bps

$0.007247

20.23 bps

—

Execute bestSavings – $0.85

CAKE

$2.7969

8.48 bps

—

$2.7949

12.97 bps

—

$2.7916

7.57 bps

$2.7920

9.29 bps

$2.7922

9.81 bps

—

Execute bestSavings – $1.91

XVG

—

$0.003380

13.32 bps

$0.003379

14.39 bps

$0.003392

22.43 bps

—

Execute bestSavings – $3.78

ORCA

—

$1.7484

16.50 bps

—

$1.7473

10.55 bps

$1.7474

10.88 bps

$1.7481

15.52 bps

—

Execute bestSavings – $0.59

ANTHROPIC

—

$2,148.9

14.94 bps

$2,142.9

5.77 bps

—

$2,042.2

9.34 bps

—

Execute bestSavings – $49.67

AZTEC

$0.01753

10.70 bps

—

$0.01758

24.69 bps

—

$0.01756

29.92 bps

—

$0.01753

13.75 bps

$0.01753

10.98 bps

$0.01754

16.52 bps

—

Execute bestSavings – $2.76

CXMT

—

$8.2191

8.85 bps

—

$8.2621

27.71 bps

—

$8.2353

15.09 bps

—

$8.2218

11.93 bps

$8.2400

14.77 bps

—

Execute bestSavings – $5.20

EWY

—

$184.88

4.83 bps

—

$185.11

7.14 bps

—

$185.13

7.35 bps

—

$184.93

6.46 bps

—

$185.13

8.27 bps

$185.09

6.50 bps

—

Execute bestSavings – $1.33

STX

$0.3324

6.08 bps

—

$0.3323

11.86 bps

—

$0.3322

9.01 bps

$0.3322

9.63 bps

$0.3320

10.14 bps

—

Execute bestSavings – $1.13

GALA

$0.002294

13.54 bps

—

$0.002301

49.79 bps

—

$0.002293

8.22 bps

$0.002293

10.31 bps

$0.002291

12.67 bps

—

Execute bestSavings – $4.40

BULLA

—

$0.09340

15.78 bps

—

$0.09323

14.37 bps

$0.09323

13.75 bps

—

Execute bestSavings – $1.76

STRK

$0.04101

10.98 bps

—

$0.04106

9.93 bps

—

$0.04096

13.46 bps

—

$0.04093

7.51 bps

$0.04094

9.35 bps

$0.04093

8.73 bps

—

Execute bestSavings – $3.11

APE

$0.1615

11.68 bps

—

$0.1615

18.52 bps

—

$0.1613

10.57 bps

$0.1614

11.23 bps

$0.1613

12.71 bps

—

Execute bestSavings – $1.60

KMNO

—

$0.04601

11.07 bps

$0.04599

10.96 bps

$0.04604

11.74 bps

—

Execute bestSavings – $1.07

COW

—

$0.1570

29.46 bps

—

$0.1569

12.28 bps

$0.1573

36.24 bps

$0.1572

16.90 bps

—

Execute bestSavings – $2.30

COTI

—

$0.01400

12.36 bps

—

$0.01399

7.83 bps

$0.01399

8.53 bps

$0.01400

21.64 bps

—

Execute bestSavings – $0.84

BEAT

—

$0.09296

17.94 bps

—

$0.09294

10.51 bps

$0.09297

13.51 bps

$0.09301

15.64 bps

—

Execute bestSavings – $0.70

ALGO

$0.1190

5.89 bps

—

$0.1189

6.55 bps

—

$0.1188

8.58 bps

$0.1189

10.85 bps

$0.1187

9.41 bps

—

Execute bestSavings – $2.84

MORPHO

$2.6513

5.76 bps

—

$2.6519

7.57 bps

—

$2.6522

19.10 bps

—

$2.6476

9.16 bps

$2.6479

9.49 bps

$2.6493

10.83 bps

—

Execute bestSavings – $1.75

CASHCAT

$0.1672

9.77 bps

—

$0.1671

10.24 bps

$0.1672

18.29 bps

$0.1670

10.63 bps

—

$0.1673

21.66 bps

—

Execute bestSavings – $1.54

ORDI

$4.7689

9.56 bps

—

$4.7659

11.38 bps

—

$4.7636

8.53 bps

USDT

$4.7649

9.18 bps

$4.7585

10.67 bps

—

Execute bestSavings – $2.17

TSLA

—

$370.41

4.70 bps

—

$370.40

2.74 bps

$370.70

6.79 bps

—

$370.33

6.71 bps

—

$370.72

8.13 bps

$370.73

6.04 bps

—

Execute bestSavings – $1.07

$0.1405

4.98 bps

—

$0.1404

6.89 bps

—

$0.1405

22.76 bps

—

$0.1402

5.84 bps

$0.1402

8.48 bps

$0.1402

9.99 bps

—

Execute bestSavings – $2.04

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.
Robinhood
0% retail trading fees; white-label Lighter deployment on Robinhood Chain, USDG-collateralized, 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.
Ondo
0.025% taker / 0.01% maker on most markets (promotional, half the 0.05% / 0.02% base; a few stocks pay 0.035% / 0.015%), tokenized US stocks and crypto perps, USD-settled.
Binance
0.05% taker / 0.02% maker (VIP 0) on USDⓈ-M perps, extra 10% off with BNB, up to 125x leverage, 8-hour funding. Deepest perp liquidity of any venue.
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 Arbitrage Desk.

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 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