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, Lighter, Aster, Extended, Binance, trade.xyz, Kinetiq, 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

Binance

MEXC

Points

Ostium

GMX

gTrade

Action

Asset

Hyperliquid

trade.xyz

Points

Kinetiq

Lighter

Robinhood

Aster

Points

Extended

Binance

MEXC

Points

Ostium

GMX

gTrade

Action

BTC

$63,562.4

4.70 bps

—

$63,505.1

0.36 bps

$63,507.4

0.76 bps

$63,518.5

4.69 bps

$63,472.7

2.71 bps

$63,546.0

5.24 bps

$63,520.5

2.13 bps

—

Execute bestSavings – $1.41

ETH

$1,890.4

5.34 bps

—

$1,889.4

0.45 bps

$1,889.1

1.64 bps

$1,889.6

4.22 bps

$1,888.1

2.84 bps

$1,890.1

5.96 bps

$1,889.8

2.07 bps

—

Execute bestSavings – $1.21

SKHYNIX

—

$1,208.4

8.13 bps

—

$1,208.9

4.24 bps

—

$1,210.9

3.55 bps

—

Execute bestSavings – $2.05

SOL

$76.378

4.64 bps

—

$76.350

0.58 bps

$76.338

3.26 bps

$76.381

5.38 bps

$76.279

3.11 bps

$76.318

5.66 bps

$76.366

2.72 bps

—

Execute bestSavings – $1.34

GOLD

—

$4,357.5

4.62 bps

—

$4,361.8

0.69 bps

—

$4,364.4

4.07 bps

$4,357.2

2.65 bps

$4,340.1

5.06 bps

$4,363.1

2.03 bps

—

Execute bestSavings – $5.58

SNDK

—

$1,564.0

4.77 bps

—

$1,562.7

1.06 bps

$1,562.8

1.70 bps

—

$1,563.2

6.03 bps

—

$1,563.8

1.71 bps

—

Execute bestSavings – $0.83

HYPE

$57.531

4.71 bps

—

$57.511

0.41 bps

$57.520

1.04 bps

$57.547

4.49 bps

$57.503

2.72 bps

$57.553

5.16 bps

$57.536

2.16 bps

—

Execute bestSavings – $0.87

APR

—

$0.4988

11.64 bps

—

$0.4986

7.71 bps

$0.4984

3.65 bps

—

Execute bestSavings – $0.80

SKHY

—

$168.10

4.37 bps

—

$167.85

1.43 bps

$168.09

2.95 bps

—

$168.24

1.76 bps

—

Execute bestSavings – $2.34

AKE

—

$0.006350

16.87 bps

—

$0.006340

10.01 bps

$0.006349

18.37 bps

—

Execute bestSavings – $1.52

XRP

$1.0094

5.12 bps

—

$1.0088

0.89 bps

$1.0088

3.33 bps

$1.0093

4.62 bps

$1.0080

3.03 bps

$1.0086

5.57 bps

$1.0090

2.57 bps

—

Execute bestSavings – $1.40

SOXL

—

$146.42

6.34 bps

—

$146.47

2.09 bps

$146.48

2.43 bps

$146.52

5.98 bps

—

$146.45

2.34 bps

—

Execute bestSavings – $0.68

SPCX

—

$141.99

4.76 bps

—

$141.99

1.80 bps

$141.96

1.45 bps

—

$142.08

2.16 bps

—

Execute bestSavings – $0.81

ZEC

$490.05

5.39 bps

—

$490.09

1.73 bps

$489.62

3.70 bps

$490.03

4.23 bps

$489.61

3.96 bps

$489.46

6.14 bps

$489.87

2.29 bps

—

Execute bestSavings – $1.28

SILVER

—

$64.558

4.64 bps

—

$64.574

0.30 bps

—

$64.636

4.77 bps

$64.529

2.62 bps

—

$64.623

2.77 bps

—

Execute bestSavings – $1.65

—

$962.75

4.61 bps

—

$963.40

1.21 bps

$962.68

2.17 bps

—

$962.52

4.52 bps

—

$963.28

2.05 bps

—

Execute bestSavings – $0.91

SP500

—

$7,803.8

4.59 bps

—

$7,800.7

0.94 bps

—

$7,800.0

3.95 bps

—

$7,801.8

1.95 bps

—

Execute bestSavings – $0.49

US100

—

$30,128.0

4.82 bps

—

$30,101.1

0.37 bps

—

$30,103.6

4.37 bps

—

$30,119.7

2.07 bps

—

Execute bestSavings – $0.89

XAUT

—

$4,340.1

5.06 bps

$4,339.2

3.15 bps

—

Execute bestSavings – $0.21

DOGE

$0.07024

4.78 bps

—

$0.07026

4.25 bps

—

$0.07023

5.51 bps

$0.07017

3.34 bps

$0.07018

5.84 bps

$0.07022

2.75 bps

—

Execute bestSavings – $1.17

WTI

—

$80.381

4.88 bps

—

$80.322

0.10 bps

—

$80.432

4.62 bps

$80.321

2.60 bps

—

$80.426

3.24 bps

—

Execute bestSavings – $1.38

BNB

$611.21

4.81 bps

—

$611.01

0.78 bps

—

$611.59

4.63 bps

$610.34

2.63 bps

$611.23

5.08 bps

$612.62

2.82 bps

—

Execute bestSavings – $3.73

TUT

—

$0.03502

6.98 bps

—

$0.03500

8.73 bps

$0.03499

7.51 bps

—

Execute bestSavings – $0.79

CYS

—

$1.1216

11.27 bps

—

$1.1211

7.74 bps

$1.1253

11.40 bps

—

Execute bestSavings – $3.74

SUI

$0.6895

4.96 bps

—

$0.6889

1.00 bps

$0.6888

4.03 bps

$0.6893

4.85 bps

$0.6885

3.36 bps

$0.6887

6.21 bps

$0.6891

2.84 bps

—

Execute bestSavings – $1.36

BRENT

—

$85.080

5.18 bps

—

$85.030

0.19 bps

—

$85.178

4.43 bps

$85.098

5.60 bps

—

Execute bestSavings – $1.73

COTI

—

$0.01098

-3.61 bps

$0.01098

-8.07 bps

—

Execute bestSavings – $0.46

DRAM

—

$57.849

5.30 bps

—

$57.880

3.80 bps

—

$57.875

3.39 bps

—

Execute bestSavings – $0.54

LINK

$8.8501

5.48 bps

—

$8.8491

3.54 bps

—

$8.8567

10.46 bps

$8.8382

4.74 bps

$8.8425

7.36 bps

$8.8489

2.69 bps

—

Execute bestSavings – $2.08

WLD

$0.3423

5.25 bps

—

$0.3422

5.48 bps

—

$0.3425

8.47 bps

$0.3420

5.55 bps

$0.3422

9.44 bps

$0.3422

3.42 bps

—

Execute bestSavings – $1.31

BEAT

—

$0.9041

24.23 bps

—

$0.9024

10.67 bps

$0.9021

7.67 bps

—

Execute bestSavings – $2.21

BANK

—

$0.03712

16.52 bps

—

$0.03709

6.93 bps

$0.03707

3.47 bps

—

Execute bestSavings – $1.30

BTW

—

$0.2705

24.89 bps

—

$0.2706

12.54 bps

$0.2705

7.69 bps

—

Execute bestSavings – $0.34

1000PEPE

$0.002684

6.45 bps

—

$0.002682

3.85 bps

—

$0.002683

3.68 bps

—

$0.002682

7.63 bps

—

Execute bestSavings – $0.82

PUMP

$0.002892

6.35 bps

—

$0.002884

3.99 bps

—

$0.002889

11.86 bps

$0.002886

4.36 bps

$0.002888

6.61 bps

—

Execute bestSavings – $2.57

TAO

$203.65

6.14 bps

—

$203.39

1.91 bps

—

$203.58

4.37 bps

$203.29

3.42 bps

$203.39

5.61 bps

$203.34

2.88 bps

—

Execute bestSavings – $1.77

—

$0.2638

15.20 bps

—

$0.2636

8.91 bps

$0.2636

16.16 bps

—

Execute bestSavings – $0.54

SAMSUNG

—

$194.44

7.71 bps

—

$194.56

7.67 bps

—

$194.46

3.43 bps

—

Execute bestSavings – $0.57

AVAX

$6.4436

4.80 bps

—

$6.4407

2.84 bps

—

$6.4436

6.43 bps

$6.4367

4.18 bps

$6.4381

7.18 bps

$6.4413

2.85 bps

—

Execute bestSavings – $1.07

ADA

$0.1823

4.83 bps

—

$0.1821

0.69 bps

—

$0.1823

6.87 bps

$0.1820

4.88 bps

$0.1821

10.62 bps

$0.1822

4.78 bps

—

Execute bestSavings – $1.84

AVAAI

—

$0.01434

23.26 bps

—

$0.01433

12.37 bps

$0.01432

7.17 bps

—

Execute bestSavings – $1.32

PEPE

—

$0.0₅2682

1.88 bps

—

Execute bestSavings – $0.00

PAXG

$4,357.0

4.95 bps

—

$4,353.5

0.07 bps

—

$4,355.8

4.14 bps

—

$4,355.9

5.11 bps

$4,360.0

4.16 bps

—

Execute bestSavings – $1.49

KAITO

$0.4376

7.83 bps

—

$0.4371

1.04 bps

—

$0.4372

8.34 bps

$0.4373

12.67 bps

$0.4365

10.28 bps

$0.4371

1.66 bps

—

Execute bestSavings – $2.58

ACU

—

$0.1098

15.70 bps

—

$0.1097

12.81 bps

$0.1097

5.97 bps

—

Execute bestSavings – $0.81

NBIS

—

$258.13

4.76 bps

—

$258.25

3.53 bps

—

$258.50

6.06 bps

—

Execute bestSavings – $1.45

NEAR

$1.6370

5.85 bps

—

$1.6355

4.65 bps

$1.6362

5.32 bps

$1.6368

7.79 bps

$1.6335

3.89 bps

$1.6348

8.19 bps

$1.6363

5.18 bps

—

Execute bestSavings – $2.09

PROM

—

$2.6031

9.89 bps

—

$2.6021

10.09 bps

$2.6015

3.87 bps

—

Execute bestSavings – $0.60

HOME

—

$0.009870

19.93 bps

—

$0.009842

-4.69 bps

$0.009837

-8.43 bps

—

Execute bestSavings – $3.31

—

$0.02594

15.93 bps

—

$0.02596

18.97 bps

$0.02593

10.14 bps

—

Execute bestSavings – $1.11

EDEN

—

$0.07147

18.81 bps

—

$0.07163

22.92 bps

—

$0.07143

8.05 bps

$0.07141

3.30 bps

—

Execute bestSavings – $3.14

UNI

$3.4905

4.89 bps

—

$3.4920

2.01 bps

—

$3.4904

6.99 bps

$3.4867

2.77 bps

$3.4856

8.98 bps

$3.4877

3.38 bps

—

Execute bestSavings – $1.86

VELVET

—

$0.7136

9.86 bps

—

$0.7131

10.69 bps

$0.7128

5.66 bps

—

Execute bestSavings – $1.05

LIT

$2.2706

6.01 bps

—

$2.2713

2.63 bps

$2.2735

16.36 bps

$2.2716

5.18 bps

$2.2681

6.13 bps

$2.2687

8.34 bps

$2.2675

2.46 bps

—

Execute bestSavings – $2.67

ENA

$0.08570

5.38 bps

—

$0.08560

0.67 bps

—

$0.08574

12.33 bps

$0.08558

3.03 bps

$0.08560

7.18 bps

$0.08566

2.59 bps

—

Execute bestSavings – $1.92

GRVT

—

$0.3299

7.16 bps

—

$0.3298

6.64 bps

$0.3297

2.37 bps

—

Execute bestSavings – $0.47

AAVE

$88.676

5.39 bps

—

$88.628

4.50 bps

—

$88.712

8.66 bps

$88.543

3.76 bps

$88.577

8.73 bps

$88.637

2.54 bps

—

Execute bestSavings – $1.90

BCH

$206.28

5.35 bps

—

$206.22

2.34 bps

—

$206.25

4.06 bps

—

$206.09

8.11 bps

$206.74

2.63 bps

—

Execute bestSavings – $3.15

AVNT

$0.1083

14.22 bps

—

$0.1082

1.91 bps

—

$0.1083

12.57 bps

—

$0.1082

7.42 bps

$0.1083

6.01 bps

—

Execute bestSavings – $0.99

META

—

$592.64

5.61 bps

—

$592.99

0.88 bps

$592.82

2.99 bps

—

$593.22

2.17 bps

—

Execute bestSavings – $0.98

XMR

$397.79

6.24 bps

—

$397.67

3.47 bps

—

$397.85

8.23 bps

$397.18

4.02 bps

$397.84

8.35 bps

$397.64

2.92 bps

—

Execute bestSavings – $1.67

ONDO

$0.3350

5.52 bps

—

$0.3347

5.17 bps

—

$0.3351

10.61 bps

$0.3347

7.11 bps

$0.3349

6.62 bps

$0.3348

3.62 bps

—

Execute bestSavings – $1.34

GOOGL

—

$346.58

5.00 bps

—

$346.74

0.91 bps

$346.69

1.77 bps

—

$346.93

2.14 bps

—

Execute bestSavings – $1.01

PLTR

—

$177.83

5.71 bps

—

$177.74

5.20 bps

$177.74

2.26 bps

—

$177.85

2.52 bps

—

Execute bestSavings – $0.65

NVDA

—

$225.83

4.78 bps

—

$225.75

1.34 bps

$225.79

2.48 bps

—

$225.68

4.09 bps

—

$225.92

2.22 bps

—

Execute bestSavings – $1.05

CRV

$0.2540

5.15 bps

—

$0.2538

2.49 bps

—

$0.2541

23.85 bps

$0.2537

6.97 bps

$0.2538

9.33 bps

$0.2538

5.23 bps

—

Execute bestSavings – $1.29

INTC

—

$105.56

5.64 bps

—

$105.48

0.85 bps

$105.53

1.94 bps

—

$105.57

2.47 bps

—

Execute bestSavings – $0.82

EWY

—

$180.62

5.39 bps

—

$180.54

1.70 bps

—

$180.89

11.51 bps

—

$180.67

2.54 bps

—

Execute bestSavings – $1.92

TRX

$0.3345

5.03 bps

—

$0.3343

2.51 bps

—

$0.3344

4.27 bps

—

$0.3344

5.27 bps

$0.3343

2.26 bps

—

Execute bestSavings – $0.63

BLESS

—

$0.01013

13.80 bps

—

$0.01013

11.72 bps

$0.01012

6.55 bps

—

Execute bestSavings – $0.66

ETHFI

$0.4400

6.36 bps

—

$0.4404

7.06 bps

—

$0.4396

9.61 bps

—

$0.4383

15.29 bps

$0.4394

6.03 bps

—

Execute bestSavings – $4.69

XLM

$0.1597

5.79 bps

—

$0.1597

1.97 bps

—

$0.1597

6.32 bps

$0.1596

5.14 bps

$0.1597

5.74 bps

$0.1597

2.58 bps

—

Execute bestSavings – $0.95

CBRS

—

$231.45

5.63 bps

—

$231.44

5.46 bps

—

$231.89

2.86 bps

—

Execute bestSavings – $1.92

BICO

—

$0.02731

18.81 bps

—

$0.02730

5.88 bps

$0.02729

2.89 bps

—

Execute bestSavings – $0.85

FIL

$0.6767

5.36 bps

—

$0.6768

3.22 bps

—

$0.6772

11.52 bps

—

$0.6763

7.11 bps

—

Execute bestSavings – $1.40

TST

—

$0.01397

22.05 bps

—

$0.01396

15.77 bps

$0.01395

12.46 bps

—

Execute bestSavings – $1.63

SKYAI

—

$0.07738

9.39 bps

—

$0.07738

9.04 bps

$0.07734

4.22 bps

—

Execute bestSavings – $0.53

TSLA

—

$340.97

4.96 bps

—

$340.86

0.48 bps

$340.80

0.48 bps

—

$341.21

2.15 bps

—

Execute bestSavings – $1.19

DOT

$0.7757

7.27 bps

—

$0.7752

2.03 bps

—

$0.7763

23.47 bps

—

$0.7757

6.60 bps

$0.7754

3.29 bps

—

Execute bestSavings – $1.33

VIRTUAL

$0.5781

5.62 bps

—

$0.5776

3.15 bps

—

$0.5776

7.24 bps

—

$0.5775

7.18 bps

$0.5773

3.39 bps

—

Execute bestSavings – $1.47

QQQ

—

$732.43

4.88 bps

$733.24

1.57 bps

$733.50

2.49 bps

—

$733.66

5.64 bps

—

Execute bestSavings – $1.68

CAP

—

$0.05641

15.65 bps

—

$0.05648

11.29 bps

—

$0.05645

7.36 bps

$0.05643

2.13 bps

—

Execute bestSavings – $1.19

FARTCOIN

$0.1376

8.30 bps

—

$0.1376

4.92 bps

—

$0.1378

15.02 bps

$0.1375

3.86 bps

$0.1376

8.76 bps

$0.1377

2.49 bps

—

Execute bestSavings – $2.47

1000BONK

$0.002297

6.71 bps

—

$0.002295

5.82 bps

—

$0.002297

10.53 bps

—

$0.002294

8.96 bps

$0.002300

4.08 bps

—

Execute bestSavings – $2.59

MSFT

—

$495.59

5.22 bps

—

$495.72

3.34 bps

$495.64

2.66 bps

—

$495.93

2.20 bps

—

Execute bestSavings – $0.69

DOS

—

$0.2807

10.52 bps

—

$0.2806

7.22 bps

$0.2805

1.34 bps

—

Execute bestSavings – $0.56

ARB

$0.07562

5.88 bps

—

$0.07561

9.39 bps

—

$0.07567

8.05 bps

—

$0.07557

9.47 bps

$0.07560

3.86 bps

—

Execute bestSavings – $1.26

MMT

—

$0.1652

12.29 bps

—

$0.1651

5.83 bps

$0.1650

2.84 bps

—

Execute bestSavings – $0.94

TRUMP

$1.3911

5.62 bps

—

$1.3905

3.16 bps

—

$1.3915

10.72 bps

—

$1.3906

11.86 bps

—

Execute bestSavings – $0.69

ATOM

$1.5063

5.05 bps

—

$1.5066

17.27 bps

—

$1.5077

8.16 bps

$1.5073

5.16 bps

—

Execute bestSavings – $0.93

LTC

$44.852

4.74 bps

—

$44.806

2.85 bps

—

$44.838

5.24 bps

$44.781

5.83 bps

$44.793

6.36 bps

$44.819

4.30 bps

—

Execute bestSavings – $1.57

CXMT

—

$7.9100

5.69 bps

—

$7.9093

4.84 bps

—

$7.9076

2.61 bps

—

Execute bestSavings – $0.31

PENGU

$0.006260

5.88 bps

—

$0.006254

3.21 bps

—

$0.006258

7.32 bps

—

$0.006251

8.99 bps

$0.006256

2.92 bps

—

Execute bestSavings – $1.48

—

$0.4468

9.19 bps

—

$0.4463

6.99 bps

$0.4461

3.02 bps

—

Execute bestSavings – $1.51

HOLO

—

$0.07106

31.87 bps

—

$0.07080

10.73 bps

$0.07076

4.89 bps

—

Execute bestSavings – $4.16

ONE

—

$0.0₃7012

11.35 bps

$0.0₃7010

8.34 bps

—

Execute bestSavings – $0.30

PUMPFUN

—

$0.002887

3.62 bps

—

Execute bestSavings – $0.00

CRWV

—

$107.05

6.43 bps

—

$107.11

5.27 bps

$107.11

5.18 bps

—

$107.19

7.60 bps

—

Execute bestSavings – $1.33

1000SHIB

$0.004463

7.66 bps

—

$0.004459

3.74 bps

—

$0.004464

10.64 bps

—

$0.004456

11.06 bps

—

Execute bestSavings – $1.78

MYX

—

$0.07890

12.81 bps

—

$0.07889

18.45 bps

—

$0.07894

13.29 bps

$0.07887

7.19 bps

—

Execute bestSavings – $0.93

INJ

$4.6307

6.28 bps

—

$4.6309

8.35 bps

—

$4.6297

6.87 bps

$4.6291

3.37 bps

—

Execute bestSavings – $0.39

BLUAI

—

$0.01340

16.07 bps

—

$0.01341

17.92 bps

$0.01342

17.86 bps

—

Execute bestSavings – $1.32

JTO

$0.5523

6.43 bps

—

$0.5520

2.38 bps

—

$0.5520

8.01 bps

—

$0.5519

6.26 bps

$0.5518

3.03 bps

—

Execute bestSavings – $1.03

CRCL

—

$74.919

4.83 bps

—

$74.929

1.31 bps

$74.924

2.98 bps

—

$74.975

2.67 bps

—

Execute bestSavings – $0.74

AAPL

—

$305.27

5.36 bps

—

$305.36

1.28 bps

$305.29

3.15 bps

—

$305.51

6.50 bps

—

Execute bestSavings – $0.77

BMT

—

$0.01564

16.43 bps

—

$0.01563

13.26 bps

$0.01562

9.95 bps

—

Execute bestSavings – $1.53

COPPER

—

$6.6839

5.39 bps

—

$6.6925

2.81 bps

—

$6.6937

4.78 bps

$6.6866

4.60 bps

—

$6.6933

2.75 bps

—

Execute bestSavings – $1.46

FILECOIN

—

$0.6767

2.74 bps

—

Execute bestSavings – $0.00

BOME

$0.0₃7333

11.45 bps

—

$0.0₃7318

11.39 bps

—

$0.0₃7305

11.77 bps

$0.0₃7312

4.48 bps

—

Execute bestSavings – $3.77

ASTER

$0.6028

5.48 bps

—

$0.6023

2.44 bps

—

$0.6035

5.04 bps

$0.6019

4.71 bps

$0.6027

5.96 bps

$0.6025

2.96 bps

—

Execute bestSavings – $2.69

GWEI

—

$0.02623

23.57 bps

—

$0.02617

9.89 bps

$0.02616

5.84 bps

—

Execute bestSavings – $2.52

$0.08769

6.25 bps

—

$0.08768

8.15 bps

—

$0.08783

21.24 bps

—

$0.08774

10.83 bps

$0.08771

7.83 bps

—

Execute bestSavings – $1.77

MRVL

—

$224.61

5.23 bps

—

$224.68

2.36 bps

—

$224.85

2.22 bps

—

Execute bestSavings – $1.08

GPS

—

$0.01086

78.59 bps

—

$0.01078

9.99 bps

$0.01078

5.35 bps

—

Execute bestSavings – $7.49

DELL

—

$496.28

6.60 bps

—

$496.15

3.29 bps

—

$496.28

3.51 bps

—

Execute bestSavings – $0.26

TRUST

—

$0.05159

17.72 bps

—

$0.05156

14.59 bps

$0.05152

7.54 bps

—

Execute bestSavings – $1.36

VVV

$12.264

7.17 bps

—

$12.255

3.95 bps

$12.259

8.28 bps

$12.263

4.68 bps

—

$12.262

5.53 bps

$12.259

2.91 bps

—

Execute bestSavings – $0.74

HBAR

$0.06553

5.03 bps

—

$0.06546

2.49 bps

—

$0.06552

6.10 bps

—

$0.06548

10.95 bps

$0.06549

2.79 bps

—

Execute bestSavings – $0.99

ALLO

—

$0.2678

10.18 bps

—

$0.2678

8.11 bps

$0.2677

4.01 bps

—

Execute bestSavings – $0.60

FET

$0.1348

6.25 bps

—

$0.1350

18.96 bps

—

$0.1348

8.83 bps

$0.1348

5.84 bps

—

Execute bestSavings – $1.68

ACE

$0.1199

9.83 bps

—

$0.1206

8.43 bps

—

$0.1207

8.68 bps

$0.1206

3.79 bps

—

Execute bestSavings – $5.85

XPL

$0.07533

5.31 bps

—

$0.07529

4.11 bps

—

$0.07532

10.77 bps

$0.07519

4.33 bps

$0.07527

6.11 bps

$0.07524

2.79 bps

—

Execute bestSavings – $1.83

DEXE

—

$2.0137

8.31 bps

—

$2.0139

6.71 bps

$2.0132

3.71 bps

—

Execute bestSavings – $0.30

LAB

—

$0.1077

9.22 bps

—

$0.1077

10.16 bps

$0.1077

7.16 bps

—

Execute bestSavings – $0.30

TIA

$0.3100

5.60 bps

—

$0.3098

2.57 bps

—

$0.3102

8.55 bps

$0.3099

5.86 bps

$0.3098

10.46 bps

$0.3100

3.60 bps

—

Execute bestSavings – $1.26

ICP

$2.1843

5.71 bps

—

$2.1818

5.37 bps

—

$2.1829

8.71 bps

—

$2.1821

7.32 bps

$2.1814

4.32 bps

—

Execute bestSavings – $1.31

STORJ

—

$0.04731

20.81 bps

—

$0.04726

10.07 bps

$0.04722

5.79 bps

—

Execute bestSavings – $1.80

NIL

$0.04155

7.01 bps

—

$0.04155

13.76 bps

—

$0.04154

9.77 bps

$0.04151

5.54 bps

—

Execute bestSavings – $0.92

SEI

$0.04108

5.79 bps

—

$0.04106

3.64 bps

—

$0.04109

30.97 bps

—

$0.04109

6.19 bps

$0.04107

3.19 bps

—

Execute bestSavings – $0.66

—

$0.1551

26.74 bps

—

$0.1549

15.58 bps

$0.1548

9.66 bps

—

Execute bestSavings – $2.13

ESPORTS

—

$0.01711

17.22 bps

—

$0.01710

13.41 bps

$0.01709

8.13 bps

—

Execute bestSavings – $1.31

ETC

$6.2401

7.12 bps

—

$6.2426

16.16 bps

—

$6.2422

5.91 bps

$6.2403

2.91 bps

—

Execute bestSavings – $0.39

GIGGLE

—

$33.324

10.13 bps

—

$33.257

6.63 bps

$33.248

3.77 bps

—

Execute bestSavings – $2.29

MSTR

—

$97.382

5.72 bps

—

$97.350

1.07 bps

—

$97.305

3.57 bps

—

$97.439

2.51 bps

—

Execute bestSavings – $1.38

ESP

—

$0.07440

7.25 bps

—

$0.07440

6.36 bps

$0.07437

3.09 bps

—

Execute bestSavings – $0.42

WIF

$0.1373

8.17 bps

—

$0.1372

4.49 bps

—

$0.1373

15.06 bps

—

$0.1371

15.99 bps

$0.1372

5.77 bps

—

Execute bestSavings – $1.37

—

$0.4023

15.96 bps

—

$0.4022

12.19 bps

$0.4020

8.18 bps

—

Execute bestSavings – $0.74

LITE

—

$889.89

5.74 bps

—

$890.07

3.49 bps

—

$890.49

2.22 bps

—

Execute bestSavings – $0.68

LDO

$0.2974

4.58 bps

—

$0.2975

4.49 bps

—

$0.2977

10.85 bps

—

$0.2976

6.81 bps

$0.2975

3.81 bps

—

Execute bestSavings – $0.98

ROBO

—

$0.01443

5.85 bps

—

$0.01446

21.44 bps

—

$0.01444

12.85 bps

$0.01445

26.10 bps

—

Execute bestSavings – $2.20

EPIC

—

$0.3689

12.31 bps

$0.3686

5.72 bps

—

Execute bestSavings – $0.76

APT

$0.5602

6.65 bps

—

$0.5605

4.31 bps

—

$0.5609

15.79 bps

—

$0.5608

5.96 bps

$0.5608

2.96 bps

—

Execute bestSavings – $1.20

MUBARAK

—

$0.01563

20.15 bps

—

$0.01562

15.08 bps

$0.01561

9.58 bps

—

Execute bestSavings – $1.48

AMD

—

$485.67

5.46 bps

—

$485.79

2.38 bps

$485.71

0.66 bps

—

$486.01

2.10 bps

—

Execute bestSavings – $0.69

NOT

$0.0₃3821

17.73 bps

—

$0.0₃3815

13.31 bps

—

$0.0₃3813

10.83 bps

$0.0₃3811

4.88 bps

—

Execute bestSavings – $2.61

—

$0.02971

17.12 bps

—

$0.02970

8.84 bps

$0.02968

3.55 bps

—

Execute bestSavings – $1.02

MOVE

$0.006303

5.61 bps

—

$0.006289

15.77 bps

—

$0.006289

8.05 bps

$0.006286

3.93 bps

—

Execute bestSavings – $2.69

KIOXIA

—

$360.61

14.50 bps

—

$360.11

11.77 bps

—

Execute bestSavings – $1.37

HEI

—

$0.1199

12.41 bps

—

$0.1199

9.33 bps

$0.1199

6.16 bps

—

Execute bestSavings – $0.41

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.
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