Decentralized perpetuals · real-time prices

Trade for less

We compare decentralized exchanges on their live order book and with your numbers, not the headline fee.

Turn the dials to your trading. We tell you where you execute cheapest.

Decentralized perpetuals · real-time prices

Trade for less

We compare decentralized exchanges on their live order book and with your numbers, not the headline fee.

28decentralized exchanges
19with an airdrop running
How do you want to start?
I'm starting

I'm new or a beginner

Where do I open an account, and how much is at stake?

  • In dollars: what you gain or lose if the price moves.
  • Your liquidation price, before you open anything.
  • The cheapest platform for you, and how to open the account.
  • Delta neutral to farm airdrops without betting on the price.
Start here →
I already trade

I'm a seasoned trader

Where do I trade cheapest for my size and tier?

  • Your fee tier plus the slippage of your size.
  • All of them on one screen, ranked by what they cost you.
  • Delta-neutral pairs with 7-day funding, net.
  • Cost per million for farming, and how deep each book is.
Go to the comparator →

What a fee table doesn't give you

Your order, against the real book.We fill it level by level with your size: the slippage is yours.

Real time.Books read when you arrive; official fees, cited and dated.

Nobody pays to rank first.The order comes only from the cost; through our link you don't pay more.

How many of your orders are limit orders?

At market it fills instantly and pays more. Limit: you wait for your price and pay less.

nonehalfall
if you don't touch it, all at market
Connecting to the platforms…

Just starting with perpetuals? We explain it with numbers →

Your best execution is waiting for your orderTurn the dials and press Compare: the platforms are ranked by what each one costs you.

Your best execution

Where to go long and where to go short

All analysed

PlatformAll-inPer monthVs today
Snapshot of 3 Nov at 07:26 UTC. Taker fee of the entry tier, quoted from its documentation; cost of opening and closing $500 of BTC on its order book; funding converted to every 8 hours. When you open the comparison, each figure is replaced by the live reading.
PlatformFee (taker)Open and close $500Funding per 8 hAirdrop
Lighter0 % checked 3 Nov$0.010.0100 %yes, see entry
Katana Perps0.02 % checked 3 Nov$0.210.0100 %yes, see entry
Extended0.025 % checked 3 Nov$0.260.0104 %yes, see entry
Ondo Perps0.025 % checked 3 Nov$0.300.0100 %yes, see entry
RISEx0.03 % checked 3 Nov$0.300.0214 %yes, see entry
Nado0.035 % checked 3 Nov$0.360.0100 %yes, see entry
N10.035 % checked 3 Nov$0.360.0096 %yes, see entry
Perpl0.0345 % checked 3 Nov$0.400.0447 %yes, see entry
Pacifica0.04 % checked 3 Nov$0.410.0100 %yes, see entry
Aster0.04 % checked 3 Nov$0.440.0100 %no
Arcus—$0.450.0100 %yes, see entry
Grvt0.045 % checked 3 Nov$0.450.0100 %no
TxFlow0.045 % checked 3 Nov$0.450.0100 %yes, see entry
edgeX0.045 % checked 3 Nov$0.46-0.0116 %no
Hyperliquid0.045 % checked 3 Nov$0.480.0100 %no
Hibachi0.045 % checked 3 Nov$0.490.0080 %yes, see entry
Backpack0.05 % checked 3 Nov$0.500.0100 %yes, see entry
ApeX0.05 % checked 3 Nov$0.540.0100 %no
dYdX0.05 % checked 3 Nov$0.580.0156 %no
Aftermath0.045 % checked 3 Nov$0.650.0394 %yes, see entry
Dreamcash0.07 % checked 3 Nov$0.730.0100 %yes, see entry
Liquid0.095 % checked 3 Nov$0.980.0100 %yes, see entry
Paradex0 % checked 3 Nov$1.680.0100 %no
StandX0.04 % checked 3 Nov$10.520.0100 %no
Fomo——0.0100 %yes, see entry
Ostium———yes, see entry
Variational0 % checked 3 Nov—0.0100 %yes, see entry
your tier feeslippage at your sizeFunding for your days (when you pay it)

Alerts · free

Follow a platform and we'll alert you

  • When its fee or its tiers change.
  • When an offer starts, when it is about to end and when it ends.
  • When it stops being the cheapest for your trading, when its funding spikes or there is a security notice.
  • On Friday, a summary.

We alert you to changes in conditions, which are few and written down, not to the book, which moves every second. We don't store your trading: only your email and which platforms you follow.