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, Polymarket, 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

Polymarket

Binance

MEXC

Bybit

Points

Ostium

GMX

gTrade

Action

Asset

Hyperliquid

trade.xyz

Points

Kinetiq

Lighter

Robinhood

Aster

Points

Extended

Points

Ondo

Polymarket

Binance

MEXC

Bybit

Points

Ostium

GMX

gTrade

Action

BTC

$72,941.2

4.62 bps

—

$72,928.7

0.30 bps

$72,959.3

4.45 bps

$72,936.9

4.12 bps

USDT

$72,868.2

2.70 bps

$72,865.1

3.38 bps

$72,921.1

4.19 bps

$72,865.4

5.07 bps

USDC

$72,965.7

8.07 bps

$72,947.7

5.57 bps

—

Execute bestSavings – $1.38

ETH

$2,026.8

4.87 bps

—

$2,026.1

0.17 bps

$2,026.9

3.82 bps

$2,026.9

4.15 bps

USDT

$2,024.8

2.88 bps

$2,025.3

4.44 bps

$2,026.4

4.37 bps

$2,025.1

5.07 bps

USDC

$2,027.7

8.09 bps

$2,026.9

5.57 bps

—

Execute bestSavings – $1.42

SOXL

—

$62.160

5.13 bps

—

$62.150

2.45 bps

$62.162

6.19 bps

$62.235

6.41 bps

—

$62.186

4.98 bps

$62.215

8.08 bps

$62.211

5.80 bps

$62.230

8.80 bps

$62.234

6.30 bps

—

Execute bestSavings – $1.36

ZEC

$975.89

4.68 bps

—

$976.06

0.99 bps

$976.48

5.36 bps

$975.55

5.49 bps

$974.98

4.06 bps

$974.66

7.29 bps

$975.50

5.18 bps

$975.84

5.14 bps

USDT

$976.13

8.50 bps

$975.71

7.20 bps

—

Execute bestSavings – $1.87

NVDA

—

$161.21

4.87 bps

—

$161.25

1.27 bps

$161.30

4.61 bps

—

$161.25

3.97 bps

$161.19

4.74 bps

$161.31

7.66 bps

$161.40

5.53 bps

$161.46

8.79 bps

$161.47

7.88 bps

—

Execute bestSavings – $1.75

SNDK

—

$935.63

5.41 bps

—

$935.85

0.82 bps

$936.31

4.93 bps

—

$935.78

3.22 bps

$935.24

3.63 bps

$936.19

5.80 bps

$937.27

5.27 bps

$937.55

8.27 bps

$937.38

6.77 bps

—

Execute bestSavings – $2.46

GOLD

—

$3,947.4

4.69 bps

—

$3,948.0

0.53 bps

$3,949.5

3.87 bps

$3,957.2

4.07 bps

USD1

$3,948.9

2.77 bps

$3,946.4

3.12 bps

$3,949.4

4.19 bps

$3,954.6

5.14 bps

$3,955.8

8.26 bps

$3,954.4

5.51 bps

—

Execute bestSavings – $2.73

SOL

$82.543

4.69 bps

—

$82.501

0.28 bps

$82.536

4.73 bps

$82.533

4.64 bps

USDT

$82.442

3.24 bps

$82.462

5.02 bps

$82.480

5.77 bps

$82.542

5.65 bps

USDT

$82.566

8.65 bps

$82.546

6.15 bps

—

Execute bestSavings – $1.51

SKHYNIX

—

$933.69

4.97 bps

—

$933.73

1.04 bps

—

$934.84

16.38 bps

$934.66

6.55 bps

$935.70

4.62 bps

$935.98

7.59 bps

$935.40

5.91 bps

—

Execute bestSavings – $2.44

—

$783.69

4.95 bps

—

$783.52

0.75 bps

$783.99

4.84 bps

—

$783.50

2.67 bps

$783.45

4.84 bps

$783.57

5.28 bps

$784.70

5.18 bps

$784.94

8.18 bps

$784.83

6.53 bps

—

Execute bestSavings – $1.89

XRP

$1.0396

5.11 bps

—

$1.0392

0.84 bps

$1.0395

5.45 bps

$1.0395

4.61 bps

$1.0386

3.11 bps

$1.0391

6.96 bps

$1.0392

5.23 bps

$1.0396

5.60 bps

USDT

$1.0399

8.60 bps

$1.0397

6.11 bps

—

Execute bestSavings – $1.32

SOXS

—

$48.194

6.04 bps

$48.209

9.04 bps

$48.206

8.33 bps

—

Execute bestSavings – $0.30

SILVER

—

$51.048

4.66 bps

—

$51.057

0.44 bps

$51.083

5.01 bps

$51.170

4.98 bps

USD1

$51.071

2.64 bps

$51.023

4.44 bps

$51.087

4.75 bps

$51.156

5.98 bps

$51.171

8.98 bps

$51.168

6.48 bps

—

Execute bestSavings – $2.90

SPCX

—

$139.48

4.92 bps

—

$139.42

0.40 bps

$139.55

4.67 bps

—

$139.43

4.00 bps

$139.48

5.14 bps

$139.71

5.52 bps

USDT

$139.75

8.52 bps

$139.71

6.82 bps

—

Execute bestSavings – $2.39

WTI

—

$85.014

3.95 bps

—

$84.981

0.29 bps

—

$85.151

4.20 bps

USDT

$85.058

3.10 bps

$85.009

5.79 bps

$85.062

4.68 bps

$85.147

4.94 bps

$85.203

7.94 bps

$85.165

5.87 bps

—

Execute bestSavings – $2.60

KORU

—

$8.0079

5.39 bps

—

$8.0130

8.16 bps

—

$8.0221

27.56 bps

—

$8.0240

11.24 bps

$8.0264

14.24 bps

$8.0244

11.74 bps

—

Execute bestSavings – $2.31

HYPE

$70.795

4.94 bps

—

$70.899

0.63 bps

$70.893

4.59 bps

$70.872

4.20 bps

$70.796

2.70 bps

$70.809

4.74 bps

$70.821

5.31 bps

$70.870

5.20 bps

$70.892

8.20 bps

$70.854

5.96 bps

—

Execute bestSavings – $1.47

AGT

—

$0.06641

22.70 bps

—

$0.06620

8.56 bps

$0.06618

12.14 bps

—

Execute bestSavings – $3.44

NEAR

$3.4548

4.77 bps

—

$3.4532

1.54 bps

$3.4539

5.65 bps

$3.4574

8.47 bps

$3.4509

3.79 bps

$3.4507

8.80 bps

$3.4550

6.19 bps

$3.4507

6.51 bps

USDC

$3.4558

9.53 bps

$3.4538

9.77 bps

—

Execute bestSavings – $1.94

SNXX

—

$4.0162

7.10 bps

—

$4.0200

8.68 bps

$4.0203

9.54 bps

$4.0222

17.95 bps

—

Execute bestSavings – $1.49

SKHY

—

$136.23

4.93 bps

—

$136.15

0.77 bps

$136.19

5.38 bps

—

$136.29

6.88 bps

$136.29

6.27 bps

$136.45

5.37 bps

$136.49

8.37 bps

$136.47

6.31 bps

—

Execute bestSavings – $2.48

BRENT

—

$90.475

3.47 bps

—

$90.454

-0.13 bps

—

$90.706

3.40 bps

USD1

$90.571

2.45 bps

$90.457

2.97 bps

$90.544

6.52 bps

$90.654

4.29 bps

$90.731

7.29 bps

$90.606

4.49 bps

—

Execute bestSavings – $3.06

1000PEPE

$0.004449

5.72 bps

—

$0.004449

5.74 bps

—

$0.004453

7.29 bps

—

$0.004449

7.47 bps

$0.004450

5.67 bps

USDT

—

$0.004448

6.75 bps

—

Execute bestSavings – $1.18

AMD

—

$568.41

5.12 bps

—

$567.97

1.62 bps

$568.53

4.68 bps

—

$568.44

4.27 bps

$568.24

6.26 bps

$568.86

5.18 bps

$569.04

8.62 bps

$568.76

7.43 bps

—

Execute bestSavings – $1.88

QQQ

—

$684.84

0.26 bps

$685.22

3.61 bps

—

$684.90

3.18 bps

—

$685.86

5.07 bps

$686.08

8.07 bps

$685.52

5.81 bps

—

Execute bestSavings – $1.80

DOGE

$0.06660

4.77 bps

—

$0.06658

2.34 bps

—

$0.06660

4.80 bps

$0.06652

3.71 bps

—

$0.06662

5.90 bps

$0.06661

5.78 bps

USDT

$0.06663

8.78 bps

$0.06660

6.27 bps

—

Execute bestSavings – $1.59

US100

—

$28,146.8

4.73 bps

—

$28,136.1

0.57 bps

—

$28,156.1

2.72 bps

$28,146.7

2.98 bps

$28,152.4

4.95 bps

—

$28,156.8

8.27 bps

—

Execute bestSavings – $0.73

INTC

—

$60.807

5.23 bps

—

$60.816

1.60 bps

$60.832

5.18 bps

—

$60.796

3.39 bps

$60.805

5.71 bps

$60.890

5.82 bps

$60.909

8.82 bps

$60.903

6.53 bps

—

Execute bestSavings – $1.86

INIT

$0.1278

7.78 bps

—

$0.1280

22.85 bps

—

$0.1280

1.97 bps

$0.1280

3.63 bps

$0.1284

1.49 bps

—

Execute bestSavings – $4.13

NBIS

—

$152.57

4.92 bps

—

$152.58

1.70 bps

—

$152.55

6.48 bps

$152.63

5.75 bps

$152.82

7.53 bps

$152.85

8.65 bps

$152.82

8.82 bps

—

Execute bestSavings – $1.95

GOOGL

—

$292.60

4.79 bps

—

$292.56

0.81 bps

$292.69

4.21 bps

—

$292.59

3.76 bps

$292.66

5.43 bps

$293.03

5.17 bps

$293.13

8.17 bps

$292.98

6.34 bps

—

Execute bestSavings – $1.96

JCT

—

$0.003211

5.23 bps

—

$0.003232

9.87 bps

$0.003232

12.11 bps

$0.003227

8.73 bps

—

Execute bestSavings – $6.68

SP500

—

$7,589.1

4.52 bps

—

$7,587.2

0.90 bps

—

$7,590.4

2.72 bps

$7,588.7

2.70 bps

$7,589.2

4.13 bps

—

$7,592.5

7.95 bps

—

Execute bestSavings – $0.69

BNB

$663.94

4.85 bps

—

$663.58

0.75 bps

—

$664.63

4.08 bps

$663.25

2.71 bps

—

$663.86

6.66 bps

$664.50

5.08 bps

USDT

$664.70

8.08 bps

$663.78

5.57 bps

—

Execute bestSavings – $2.18

SPY

—

$756.89

0.17 bps

$757.35

3.77 bps

$758.37

4.53 bps

—

$756.91

3.03 bps

—

$758.40

5.23 bps

$758.63

8.23 bps

$758.21

5.57 bps

—

Execute bestSavings – $2.29

MSTR

—

$114.84

5.43 bps

—

$114.85

0.91 bps

—

$114.82

3.41 bps

$114.90

3.43 bps

$114.89

6.24 bps

$115.00

5.44 bps

$115.03

8.44 bps

$115.03

7.97 bps

—

Execute bestSavings – $1.86

UNI

$6.0859

5.12 bps

—

$6.0831

1.42 bps

$6.0864

5.87 bps

$6.0935

6.59 bps

$6.0806

3.86 bps

—

$6.0893

6.58 bps

$6.0881

5.93 bps

USDT

$6.0899

8.93 bps

$6.0874

6.45 bps

—

Execute bestSavings – $2.12

CRWV

—

$56.650

5.84 bps

—

$56.610

4.46 bps

$56.670

6.24 bps

—

$56.635

6.10 bps

$56.649

4.73 bps

$56.737

7.39 bps

$56.755

9.76 bps

$56.752

11.09 bps

—

Execute bestSavings – $2.56

ARIA

—

$0.1800

11.13 bps

—

$0.1799

7.62 bps

$0.1800

9.60 bps

$0.1800

11.48 bps

—

Execute bestSavings – $0.46

DRAM

—

$43.347

5.81 bps

—

$43.351

0.95 bps

—

$43.351

4.87 bps

$43.375

7.24 bps

$43.422

6.18 bps

$43.435

9.18 bps

$43.414

6.65 bps

—

Execute bestSavings – $2.03

SAMSUNG

—

$155.40

5.80 bps

—

$155.44

1.67 bps

—

$155.46

5.78 bps

$155.40

7.32 bps

$155.51

5.29 bps

$155.55

8.29 bps

$155.51

8.02 bps

—

Execute bestSavings – $1.02

ENA

$0.1410

5.45 bps

—

$0.1410

2.81 bps

$0.1410

6.49 bps

$0.1410

7.25 bps

$0.1408

3.62 bps

$0.1409

7.24 bps

$0.1410

6.11 bps

$0.1410

5.97 bps

USDT

$0.1410

8.70 bps

$0.1410

6.68 bps

—

Execute bestSavings – $1.71

KGEN

—

$0.07513

17.46 bps

—

$0.07504

7.95 bps

$0.07508

10.83 bps

$0.07514

12.29 bps

—

Execute bestSavings – $1.23

MUU

—

$17.439

7.87 bps

$17.444

10.87 bps

$17.450

13.44 bps

—

Execute bestSavings – $0.62

LINK

$9.9904

4.89 bps

—

$9.9881

1.70 bps

$9.9951

6.55 bps

$9.9961

6.85 bps

$9.9816

4.98 bps

—

$9.9951

5.86 bps

$9.9930

5.49 bps

USDT

$9.9960

8.49 bps

$9.9936

6.13 bps

—

Execute bestSavings – $1.45

TSLA

—

$389.17

5.84 bps

—

$388.85

0.88 bps

$389.31

4.14 bps

—

$389.13

3.59 bps

$389.21

4.83 bps

$389.63

5.13 bps

$389.75

8.13 bps

$389.55

6.53 bps

—

Execute bestSavings – $2.31

SUI

$0.8063

5.20 bps

—

$0.8062

2.47 bps

$0.8064

4.74 bps

$0.8065

6.27 bps

$0.8054

3.25 bps

—

$0.8064

6.59 bps

$0.8063

6.77 bps

USDT

$0.8065

8.67 bps

$0.8063

6.22 bps

—

Execute bestSavings – $1.41

ANTHROPIC

—

$1,809.1

1.38 bps

$1,817.5

6.04 bps

—

$1,813.0

6.41 bps

$1,382.8

6.08 bps

$1,383.2

8.82 bps

—

Execute bestSavings – $239.19

XAUT

—

$3,940.2

5.14 bps

$3,941.9

8.15 bps

$3,940.8

5.51 bps

—

Execute bestSavings – $0.43

AVAX

$8.4561

5.56 bps

—

$8.4487

0.92 bps

—

$8.4574

8.14 bps

$8.4451

5.31 bps

—

$8.4550

5.77 bps

$8.4583

5.68 bps

USDT

$8.4608

8.68 bps

$8.4557

6.13 bps

—

Execute bestSavings – $1.86

CRCL

—

$64.664

5.49 bps

—

$64.666

0.63 bps

$64.709

4.61 bps

—

$64.657

5.57 bps

$64.722

4.77 bps

$64.762

5.77 bps

$64.782

8.77 bps

$64.776

7.03 bps

—

Execute bestSavings – $1.93

IDOL

—

$0.02155

12.53 bps

—

$0.02154

13.90 bps

$0.02154

11.82 bps

—

Execute bestSavings – $0.30

ADA

$0.1717

5.77 bps

—

$0.1717

4.30 bps

—

$0.1718

9.93 bps

$0.1716

5.54 bps

—

$0.1718

6.50 bps

$0.1717

7.79 bps

USDT

$0.1718

10.79 bps

$0.1718

8.44 bps

—

Execute bestSavings – $1.45

TQQQ

—

$59.070

5.85 bps

$59.097

9.69 bps

$59.072

7.19 bps

—

Execute bestSavings – $0.47

MRVL

—

$163.95

5.48 bps

—

$164.07

2.88 bps

—

$164.07

5.92 bps

$164.13

5.59 bps

$164.26

6.17 bps

$164.31

8.30 bps

$164.30

9.50 bps

—

Execute bestSavings – $2.17

AAPL

—

$356.29

4.69 bps

—

$356.04

0.47 bps

$356.37

4.10 bps

—

$356.26

2.99 bps

$356.31

4.48 bps

$356.74

5.14 bps

$356.85

8.14 bps

$356.72

5.64 bps

—

Execute bestSavings – $2.27

PUMP

$0.003393

7.52 bps

—

$0.003392

1.59 bps

$0.003394

8.04 bps

$0.003393

8.07 bps

$0.003389

4.11 bps

$0.003390

7.49 bps

$0.003393

8.39 bps

$0.003393

9.29 bps

$0.003393

9.47 bps

$0.003394

8.74 bps

—

Execute bestSavings – $1.33

WLD

$0.3024

5.13 bps

—

$0.3023

1.14 bps

$0.3025

7.71 bps

$0.3026

7.36 bps

$0.3020

4.24 bps

—

$0.3025

8.27 bps

$0.3025

6.55 bps

USDT

$0.3026

9.55 bps

$0.3024

7.15 bps

—

Execute bestSavings – $1.85

XMR

$555.74

13.29 bps

—

$558.59

3.78 bps

$560.04

6.02 bps

$558.90

8.24 bps

$559.78

2.12 bps

—

$559.26

22.24 bps

$559.10

9.43 bps

$559.09

10.32 bps

$560.76

7.60 bps

—

Execute bestSavings – $8.94

TAO

$211.62

6.04 bps

—

$211.56

3.36 bps

—

$211.58

4.83 bps

$211.55

5.21 bps

—

$211.69

7.19 bps

$211.61

5.28 bps

$211.68

8.75 bps

$211.58

7.15 bps

—

Execute bestSavings – $0.67

AAVE

$113.95

5.47 bps

—

$113.93

4.32 bps

$113.97

6.47 bps

$114.04

8.07 bps

$113.84

4.39 bps

—

$114.02

7.64 bps

$114.00

5.52 bps

USDT

$114.04

8.52 bps

$113.99

6.65 bps

—

Execute bestSavings – $1.77

GRAM

$1.2472

7.32 bps

—

$1.2467

4.24 bps

—

$1.2505

12.13 bps

—

$1.2466

8.85 bps

$1.2470

11.85 bps

$1.2466

8.56 bps

—

Execute bestSavings – $3.16

NATGAS

—

$3.6525

12.51 bps

—

$3.6568

15.40 bps

—

$3.6420

15.20 bps

$3.6403

14.36 bps

$3.6546

16.62 bps

—

$3.6415

13.65 bps

$3.6452

22.62 bps

—

Execute bestSavings – $4.51

EWY

—

$144.79

4.91 bps

—

$144.77

1.42 bps

—

$145.00

6.42 bps

—

$144.75

2.91 bps

$144.85

6.83 bps

$144.98

5.48 bps

$145.03

8.48 bps

$144.98

7.08 bps

—

Execute bestSavings – $1.94

AKE

—

$0.002633

21.36 bps

—

$0.002629

11.26 bps

$0.002629

11.99 bps

$0.002627

7.53 bps

—

Execute bestSavings – $2.13

ERA

—

$0.09302

78.90 bps

—

$0.09279

7.22 bps

$0.09275

6.49 bps

$0.09306

10.04 bps

—

Execute bestSavings – $3.26

INJ

$7.5858

4.10 bps

—

$7.5810

7.26 bps

—

$7.5795

5.24 bps

$7.5829

8.44 bps

$7.5774

6.57 bps

—

Execute bestSavings – $1.11

ARB

$0.1481

5.92 bps

—

$0.1480

2.44 bps

—

$0.1482

7.39 bps

—

$0.1481

6.43 bps

$0.1481

5.82 bps

USDT

$0.1482

8.33 bps

$0.1481

6.38 bps

—

Execute bestSavings – $1.10

LITE

—

$624.73

5.98 bps

—

$624.16

5.41 bps

—

$624.59

6.28 bps

$625.15

5.52 bps

$625.83

6.35 bps

$625.95

8.32 bps

$625.84

8.99 bps

—

Execute bestSavings – $2.86

QNT

—

$165.32

3.79 bps

—

$165.36

8.20 bps

—

$165.32

5.99 bps

$165.34

8.19 bps

$165.41

8.67 bps

—

Execute bestSavings – $0.57

META

—

$627.28

5.38 bps

—

$626.81

0.76 bps

$627.60

4.42 bps

—

$627.30

4.37 bps

$627.64

5.77 bps

$628.30

5.42 bps

$628.50

9.43 bps

$628.45

7.17 bps

—

Execute bestSavings – $2.68

LTC

$49.244

6.53 bps

—

$49.224

5.00 bps

—

$49.230

7.85 bps

$49.183

7.40 bps

—

$49.231

6.81 bps

$49.235

6.10 bps

USDT

$49.250

9.10 bps

$49.238

7.06 bps

—

Execute bestSavings – $1.36

XLM

$0.1449

6.87 bps

—

$0.1449

3.23 bps

—

$0.1449

6.54 bps

$0.1448

5.99 bps

—

$0.1449

5.47 bps

$0.1450

8.81 bps

$0.1449

9.08 bps

—

Execute bestSavings – $0.82

LIT

$3.1263

6.02 bps

—

$3.1249

2.16 bps

$3.1271

5.85 bps

$3.1276

6.52 bps

$3.1232

5.16 bps

$3.1235

9.48 bps

$3.1282

8.56 bps

$3.1240

6.03 bps

$3.1245

8.27 bps

$3.1270

7.24 bps

—

Execute bestSavings – $1.59

PAXG

$3,938.9

4.75 bps

—

$3,938.4

1.26 bps

—

$3,938.3

4.14 bps

—

$3,938.3

5.07 bps

$3,939.7

8.58 bps

$3,939.0

5.64 bps

—

Execute bestSavings – $0.37

MSFT

—

$521.12

5.04 bps

—

$521.01

1.00 bps

$521.41

3.79 bps

—

$521.15

4.58 bps

$521.12

5.02 bps

$522.03

5.10 bps

$522.22

8.10 bps

$522.01

6.63 bps

—

Execute bestSavings – $2.31

BTW

—

$1.0303

4.68 bps

—

$1.0326

4.84 bps

$1.0326

5.70 bps

$1.0360

8.58 bps

—

Execute bestSavings – $5.45

ONE

—

$0.001670

13.42 bps

—

$0.001666

0.41 bps

$0.001666

7.80 bps

—

Execute bestSavings – $2.51

TRUMP

$1.1080

7.39 bps

—

$1.1078

4.69 bps

—

$1.1085

8.64 bps

—

$1.1076

9.64 bps

USDC

$1.1089

12.64 bps

$1.1086

10.14 bps

—

Execute bestSavings – $1.20

PEPE

—

$0.0₅4451

8.18 bps

—

Execute bestSavings – $0.00

UNITREE

—

$103.73

5.44 bps

—

$103.89

1.57 bps

—

$103.79

11.16 bps

$103.65

7.08 bps

$104.59

6.27 bps

$104.56

19.92 bps

$104.32

8.31 bps

—

Execute bestSavings – $9.02

ASTER

$0.6581

6.98 bps

—

$0.6581

2.67 bps

—

$0.6587

5.64 bps

$0.6572

3.98 bps

—

$0.6580

5.97 bps

$0.6616

19.48 bps

$0.6581

6.39 bps

—

Execute bestSavings – $6.67

OPENAI

—

$1,378.6

4.98 bps

$1,377.3

7.29 bps

—

$1,339.5

24.36 bps

—

$1,279.0

6.63 bps

$1,279.2

8.50 bps

—

Execute bestSavings – $72.23

AVGO

—

$351.80

5.84 bps

—

$351.72

6.10 bps

$351.74

5.91 bps

$352.27

6.30 bps

$352.35

8.43 bps

$352.17

7.92 bps

—

Execute bestSavings – $1.79

AMZN

—

$267.47

6.11 bps

—

$267.29

0.90 bps

$267.55

4.47 bps

—

$267.44

5.18 bps

$267.38

4.25 bps

$267.89

5.56 bps

$267.97

11.43 bps

$268.04

11.37 bps

—

Execute bestSavings – $2.80

ONDO

$0.3507

5.45 bps

—

$0.3507

4.80 bps

—

$0.3509

8.29 bps

$0.3503

8.06 bps

$0.3505

7.91 bps

$0.3509

6.12 bps

$0.3507

6.71 bps

$0.3508

9.42 bps

$0.3508

7.05 bps

—

Execute bestSavings – $1.71

CBRS

—

$99.525

5.52 bps

—

$99.551

1.63 bps

—

$99.576

8.73 bps

$99.622

8.23 bps

$99.628

6.32 bps

$99.655

9.04 bps

$99.736

9.86 bps

—

Execute bestSavings – $2.11

RKLB

—

$64.337

6.04 bps

—

$64.320

1.59 bps

—

$64.386

6.78 bps

$64.451

7.12 bps

$64.462

8.78 bps

$64.465

9.61 bps

—

Execute bestSavings – $2.25

—

$203.75

5.89 bps

—

$203.77

6.24 bps

—

$204.09

6.77 bps

$204.21

11.44 bps

$204.15

12.52 bps

—

Execute bestSavings – $2.25

COIN

—

$131.31

4.85 bps

—

$131.26

0.57 bps

$131.42

5.06 bps

—

$131.34

4.85 bps

$131.35

6.43 bps

$131.55

6.01 bps

$131.59

8.84 bps

$131.57

9.40 bps

—

Execute bestSavings – $2.47

AAOI

—

$52.901

6.85 bps

—

$52.880

3.10 bps

—

$52.994

7.38 bps

$53.012

9.93 bps

$53.029

12.10 bps

—

Execute bestSavings – $2.81

MVLL

—

$11.536

9.57 bps

$11.539

12.57 bps

$11.546

19.21 bps

—

Execute bestSavings – $0.89

—

$0.02627

17.28 bps

—

$0.02626

9.13 bps

$0.02627

10.03 bps

$0.02627

15.85 bps

—

Execute bestSavings – $0.26

ZHONGJI

—

$83.627

8.06 bps

$83.649

11.11 bps

$83.666

19.79 bps

—

Execute bestSavings – $0.46

ORCL

—

$125.75

4.96 bps

—

$125.86

5.21 bps

$125.84

5.26 bps

—

$125.70

5.65 bps

$125.80

5.65 bps

$125.95

5.79 bps

$126.01

11.97 bps

$126.00

10.31 bps

—

Execute bestSavings – $2.45

FIL

$0.7461

6.46 bps

—

$0.7460

4.48 bps

—

$0.7473

10.82 bps

—

$0.7463

7.04 bps

USDT

$0.7464

8.73 bps

$0.7462

8.24 bps

—

Execute bestSavings – $1.64

MAGMA

—

$0.2714

13.08 bps

—

$0.2714

10.07 bps

$0.2715

12.84 bps

$0.2720

18.41 bps

—

Execute bestSavings – $2.07

OPG

—

$0.1359

23.19 bps

—

$0.1355

13.63 bps

$0.1355

11.82 bps

$0.1355

10.64 bps

—

Execute bestSavings – $2.97

BCH

$228.08

6.15 bps

—

$227.97

3.69 bps

—

$228.15

8.28 bps

—

$228.07

5.52 bps

USDT

$228.16

9.31 bps

$228.06

7.08 bps

—

Execute bestSavings – $0.86

INTW

—

$6.2131

6.61 bps

$6.2150

10.08 bps

$6.2134

28.12 bps

—

Execute bestSavings – $0.30

SQQQ

—

$41.651

6.20 bps

$41.663

9.20 bps

$41.663

7.90 bps

—

Execute bestSavings – $0.30

ZRO

$1.5426

6.31 bps

—

$1.5414

0.96 bps

$1.5426

9.38 bps

$1.5431

10.95 bps

$1.5404

6.53 bps

—

$1.5435

7.69 bps

$1.5415

6.36 bps

$1.5421

8.89 bps

$1.5418

7.21 bps

—

Execute bestSavings – $2.03

ZHIPU

—

$57.695

5.34 bps

—

$57.690

8.71 bps

—

$57.765

8.63 bps

—

$57.706

8.02 bps

$57.716

9.73 bps

$57.782

23.60 bps

—

Execute bestSavings – $1.58

AXTI

—

$44.670

7.80 bps

$44.676

10.17 bps

$44.715

18.08 bps

—

Execute bestSavings – $1.00

CXMT

—

$6.1658

7.45 bps

—

$6.1668

7.20 bps

—

$6.1641

9.59 bps

$6.1616

6.00 bps

$6.1701

7.53 bps

$6.1726

35.50 bps

$6.1764

18.16 bps

—

Execute bestSavings – $2.39

ICP

$2.5844

6.99 bps

—

$2.5854

5.34 bps

—

$2.5830

5.80 bps

—

$2.5833

6.94 bps

$2.5841

9.94 bps

$2.5835

7.56 bps

—

Execute bestSavings – $0.94

ETHFI

$0.6177

8.80 bps

—

$0.6168

2.99 bps

—

$0.6178

15.51 bps

—

$0.6165

5.91 bps

$0.6169

6.78 bps

USDT

$0.6172

10.85 bps

$0.6170

9.78 bps

—

Execute bestSavings – $2.05

HBAR

$0.06523

6.15 bps

—

$0.06517

3.30 bps

—

$0.06523

7.19 bps

—

$0.06521

5.74 bps

USDT

$0.06523

8.74 bps

$0.06522

6.39 bps

—

Execute bestSavings – $1.01

DOT

$0.8341

7.90 bps

—

$0.8336

2.87 bps

—

$0.8343

16.13 bps

—

$0.8341

6.11 bps

$0.8342

8.72 bps

$0.8338

7.02 bps

—

Execute bestSavings – $0.87

TSM

—

$403.92

6.72 bps

—

$404.04

11.31 bps

$404.02

6.58 bps

—

$404.05

6.33 bps

$403.98

6.04 bps

$404.48

5.61 bps

$404.59

8.49 bps

$404.58

8.10 bps

—

Execute bestSavings – $1.65

ANTHROPICSHARE

—

$104.11

5.57 bps

—

$104.11

9.08 bps

—

Execute bestSavings – $0.00

HOOD

—

$82.497

5.60 bps

—

$82.494

0.81 bps

—

$82.491

5.60 bps

$82.452

5.05 bps

$82.605

6.12 bps

$82.636

8.76 bps

$82.655

8.53 bps

—

Execute bestSavings – $2.46

IREN

—

$20.033

6.42 bps

—

$20.186

32.20 bps

$20.047

6.97 bps

—

$20.060

7.66 bps

$20.066

10.65 bps

$20.061

7.99 bps

—

Execute bestSavings – $7.55

—

$0.02382

17.72 bps

—

$0.02381

12.47 bps

$0.02381

12.33 bps

$0.02379

11.66 bps

—

Execute bestSavings – $1.44

VVV

$19.457

7.55 bps

—

$19.441

0.22 bps

$19.450

6.12 bps

$19.466

6.39 bps

—

$19.460

5.95 bps

$19.462

7.31 bps

$19.465

8.01 bps

$19.480

10.87 bps

—

Execute bestSavings – $2.01

PIEVERSE

—

$1.6451

12.60 bps

—

$1.6442

7.32 bps

$1.6443

8.49 bps

$1.6443

9.30 bps

—

Execute bestSavings – $0.56

TIA

$0.4026

10.36 bps

—

$0.4024

4.03 bps

—

$0.4028

13.79 bps

$0.4022

5.12 bps

—

$0.4025

7.97 bps

USDT

$0.4026

9.37 bps

$0.4025

6.87 bps

—

Execute bestSavings – $1.61

XPL

$0.04974

5.93 bps

—

$0.04970

2.99 bps

$0.04972

6.64 bps

$0.04971

8.86 bps

$0.04968

5.07 bps

—

$0.04974

6.07 bps

$0.04970

6.81 bps

$0.04971

9.05 bps

$0.04971

10.08 bps

—

Execute bestSavings – $1.31

COHR

—

$225.84

7.49 bps

$225.91

14.93 bps

$225.93

12.05 bps

—

Execute bestSavings – $0.42

DASH

$41.463

8.49 bps

—

$41.447

4.88 bps

—

$41.487

6.41 bps

—

$41.481

6.17 bps

$41.493

9.17 bps

$41.483

8.14 bps

—

Execute bestSavings – $1.10

FET

$0.1462

6.23 bps

—

$0.1463

19.32 bps

—

$0.1461

8.55 bps

$0.1462

11.55 bps

—

Execute bestSavings – $1.07

WDC

—

$304.58

6.63 bps

—

$304.89

6.12 bps

$304.96

11.94 bps

$305.28

16.48 bps

—

Execute bestSavings – $2.27

MRNA

—

$246.90

6.01 bps

—

$247.14

2.65 bps

—

$246.99

2.65 bps

—

$247.66

9.48 bps

$247.65

9.00 bps

$247.67

14.72 bps

—

Execute bestSavings – $3.09

APT

$0.5492

6.67 bps

—

$0.5493

5.07 bps

—

$0.5497

10.27 bps

—

$0.5496

7.68 bps

$0.5500

14.10 bps

$0.5493

8.30 bps

—

Execute bestSavings – $1.43

—

$0.07485

33.53 bps

—

$0.07473

11.82 bps

$0.07476

14.82 bps

$71.659

24.28 bps

—

Execute bestSavings – $998.96

FARTCOIN

$0.1110

8.34 bps

—

$0.1111

5.17 bps

—

$0.1112

13.13 bps

$0.1110

4.01 bps

—

$0.1110

7.25 bps

$0.1111

9.63 bps

$0.1111

8.58 bps

$0.1111

8.63 bps

—

Execute bestSavings – $2.13

CSOPSKHYNIX2L

—

$2.1151

7.61 bps

$2.1154

8.99 bps

$2.1172

14.94 bps

—

Execute bestSavings – $0.97

BMNR

—

$18.364

12.20 bps

—

$18.443

37.58 bps

$18.379

10.35 bps

—

$18.375

13.46 bps

—

$18.389

7.72 bps

$18.395

10.72 bps

$18.406

10.54 bps

—

Execute bestSavings – $4.27

NIGHT

—

$0.04709

13.48 bps

—

$0.04705

8.18 bps

$0.04705

11.05 bps

$0.04710

16.49 bps

—

Execute bestSavings – $1.13

MINIMAX

—

$21.427

10.97 bps

—

$21.430

7.98 bps

—

$21.418

15.22 bps

—

$21.451

12.15 bps

$21.448

15.44 bps

$21.493

32.44 bps

—

Execute bestSavings – $3.49

PENGU

$0.006136

9.19 bps

—

$0.006133

3.99 bps

—

$0.006142

9.01 bps

—

$0.006135

5.94 bps

USDT

$0.006137

8.94 bps

$0.006134

7.44 bps

—

Execute bestSavings – $1.54

TRX

$0.3162

4.93 bps

—

$0.3160

0.53 bps

$0.3161

5.32 bps

$0.3162

6.28 bps

—

$0.3162

5.06 bps

$0.3162

8.07 bps

$0.3161

7.02 bps

—

Execute bestSavings – $0.77

USELESS

$0.1253

5.82 bps

—

$0.1253

8.28 bps

$0.1252

9.61 bps

$0.1252

10.89 bps

—

$0.1251

6.52 bps

$0.1252

6.41 bps

$0.1252

8.96 bps

$0.1252

11.19 bps

—

Execute bestSavings – $1.51

PLTR

—

$170.22

6.08 bps

—

$170.08

1.56 bps

$170.23

5.81 bps

—

$170.19

6.67 bps

$170.23

4.36 bps

$170.48

5.91 bps

$170.50

8.35 bps

$170.43

7.26 bps

—

Execute bestSavings – $2.46

HUMA

—

$0.008183

15.45 bps

—

$0.008169

8.33 bps

$0.008173

10.46 bps

$0.008187

21.97 bps

—

Execute bestSavings – $2.20

AERO

$0.5267

7.12 bps

—

$0.5271

3.74 bps

—

$0.5271

8.77 bps

—

$0.5270

7.67 bps

$0.5272

10.02 bps

$0.5264

10.70 bps

—

Execute bestSavings – $1.39

$0.09508

6.83 bps

—

$0.09503

2.55 bps

—

$0.09506

7.28 bps

—

$0.09505

5.69 bps

$0.09508

8.44 bps

$0.09504

8.22 bps

—

Execute bestSavings – $0.57

PRL

—

$1.4235

3.63 bps

—

$0.07316

8.37 bps

—

$1.4223

7.29 bps

$0.07309

3.23 bps

$0.07310

4.56 bps

$0.07334

16.21 bps

—

Execute bestSavings – $948.65

PYTH

$0.06372

10.79 bps

—

$0.06368

2.66 bps

—

$0.06370

9.62 bps

—

$0.06369

7.98 bps

$0.06371

10.62 bps

$0.06376

17.55 bps

—

Execute bestSavings – $1.33

PONS

$0.1498

9.53 bps

—

$0.1498

6.31 bps

$0.1498

7.63 bps

$0.1499

8.21 bps

—

$0.1498

6.80 bps

$0.1499

8.46 bps

$0.1500

11.46 bps

$0.1496

11.25 bps

—

Execute bestSavings – $2.25

ARM

—

$198.11

5.79 bps

—

$198.10

2.82 bps

$198.07

6.13 bps

$198.35

8.36 bps

$198.37

8.92 bps

$198.46

10.57 bps

—

Execute bestSavings – $1.96

DELL

—

$361.60

7.04 bps

—

$362.44

12.36 bps

—

$361.39

6.45 bps

$361.85

7.00 bps

$361.92

8.55 bps

$361.85

10.14 bps

—

Execute bestSavings – $2.91

WLFI

$0.04759

7.73 bps

—

$0.04757

6.20 bps

—

$0.04759

6.23 bps

—

$0.04762

6.18 bps

USDT

$0.04763

9.18 bps

$0.04758

6.02 bps

—

Execute bestSavings – $1.24

STRK

$0.03645

7.64 bps

—

$0.03642

4.90 bps

—

$0.03644

6.87 bps

—

$0.03643

8.64 bps

$0.03643

9.50 bps

$0.03642

9.41 bps

—

Execute bestSavings – $1.00

CRV

$0.2369

8.54 bps

—

$0.2369

4.87 bps

—

$0.2370

25.27 bps

$0.2367

3.90 bps

—

$0.2369

7.05 bps

USDT

$0.2369

10.24 bps

$0.2367

11.24 bps

—

Execute bestSavings – $1.54

BABA

—

$97.175

6.62 bps

—

$97.310

10.82 bps

$97.194

5.60 bps

—

$97.155

8.13 bps

$97.229

6.64 bps

$97.325

6.14 bps

$97.348

11.82 bps

$97.424

11.01 bps

—

Execute bestSavings – $2.76

1000SHIB

$0.004309

8.73 bps

—

$0.004307

3.60 bps

—

$0.004311

12.95 bps

—

$0.004308

7.72 bps

$0.004309

6.27 bps

USDT

—

$0.004307

8.35 bps

—

Execute bestSavings – $1.10

JUP

$0.2586

9.32 bps

—

$0.2586

4.20 bps

—

$0.2587

10.08 bps

$0.2583

7.49 bps

—

$0.2587

7.44 bps

$0.2587

6.91 bps

$0.2588

9.91 bps

$0.2588

11.19 bps

—

Execute bestSavings – $1.86

AIN

—

$0.1055

15.73 bps

—

$0.1051

11.26 bps

$0.1052

13.65 bps

—

Execute bestSavings – $3.20

UAI

—

$0.03561

32.29 bps

—

$0.03550

11.64 bps

$0.03550

16.46 bps

$0.03551

33.87 bps

—

Execute bestSavings – $3.19

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.
Polymarket
0.04% taker / 0.0125% maker (base tier), hourly funding, USD-quoted perps on crypto, stocks, indices and commodities.
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