Perp DEX Fees Compared in 2026

Updated: Spaces Research

Readout

We compared perp DEX fees at 13 venues on 24 September 2026: entry-tier maker and taker rates on the BTC perpetual and the taker cost of a $10,000 round trip. Lighter charges 0% on default retail orders; ApeX Omni and dYdX share the highest taker rate here at 0.050%. Fees are one of six weighted criteria in our scores.

What the numbers say

  1. 010% on default orders: Lighter, with a 300 ms delay on each free order.
  2. 02Lowest flat rate: Extended — 0% maker / 0.025% taker, or $5.00 per $10,000 round trip.
  3. 03Most common rate: 0.015% maker / 0.045% taker at EVEDEX, Hyperliquid and edgeX takers — $9.00 per $10,000.
  4. 04Pool-priced venues charge 0.035% to 0.06% per side plus price impact and borrow fees.

WeightsTrading cost25Liquidity25Custody and settlement20Security record15Market coverage10Access5how we rate

Perp DEX fees by venue, cheapest first

Ordered by the cost of a $10,000 taker round trip at the entry tier, before any volume discount, rather than by the overall score.

#VenueScore /10Maker / takerPerp marketsModelUse it for
1 Lighter 8.50% / 0% 214 Hybrid, ZK-proven zero fees for manual traders
2 Extended 7.80% / 0.025% 325 Hybrid one flat rate for every account
3 Aster 7.70% / 0.040% 578 Own layer 1, operator-run 0% maker on the order book
4= edgeX 7.60.040% / 0.045% 172 Hybrid a taker rate in line with the market
4= Hyperliquid 6.90.015% / 0.045% 324 On-chain order book volume tiers on a layer-1 book
4= EVEDEX 6.50.015% / 0.045% 52 Hybrid fixed rates with cashback on fees paid
7= ApeX Omni 6.90.020% / 0.050% 125 Hybrid discounts by volume or APEX staking
7= dYdX 5.80.010% / 0.050% 78 App-chain, validator-held book tiered fees with governance fee holidays
– Orderly (WOOFi Pro) not scored0.025% / 0.040% on WOOFi Pro 80 Hybrid, not scored a rate set by whichever front-end you arrive through
– gTrade not scored0.035% to open and to close on BTC and ETH 178 Oracle vault 0.035% each way on BTC, then holding costs
– GMX not scored0.04% or 0.06% to open and to close, plus price impact 103 Oracle pool 0.04% or 0.06% each way, with no maker rate
– Jupiter Perps not scored0.06% to open and to close, plus price impact and borrow fees 3 Oracle pool 0.06% each way against the JLP pool
– Ostium not scored0.06% to open BTC, no closing fee 83 Oracle vault 0.06% to open BTC and nothing to close

Entry-tier fees on the BTC perpetual; market counts as each venue's own interface reports them. Equal totals hold the same rank. Availability is decided by each venue's terms, not by this desk. Facts as of 18 September 2026; Scores use one formula for the whole site, fixed on 18 September 2026. Listed but not scored: Orderly (WOOFi Pro), gTrade, GMX, Jupiter Perps, Ostium — Orderly's rate depends on the front-end; the other four charge position fees plus price impact rather than maker and taker fees.

01

1. Lighter — zero fees for manual traders

8.5of 10breakdown

Criterion scores before the weights, each out of ten

Trading cost Liquidity Custody and settlement Security record Market coverage Access

The default Standard account waits 300 ms on a taker order; the paid Premium account charges 0.004% / 0.028% for 140 ms (Lighter fees, checked 18 September 2026).

Reads well

  • 0% on the default account

Reads badly

  • 300 ms taker delay
  • Premium taker rate of 0.028%

Not for: latency-sensitive bots.

Official site: lighter.xyz

02

2. Extended — one flat rate for every account

7.8of 10breakdown

Criterion scores before the weights, each out of ten

Trading cost Liquidity Custody and settlement Security record Market coverage Access

One schedule for every account, with no tiers to climb; RWA markets charge takers 0.010% (Extended fee schedule, checked 18 September 2026). A $10,000 taker round trip costs $5.00.

Reads well

  • No tiers to climb

Reads badly

  • No discount for volume
  • Most markets are request-for-quote

Not for: traders reading the 100x headline as a cap on BTC.

Official site: extended.exchange

03

3. Aster — 0% maker on the order book

7.7of 10breakdown

Criterion scores before the weights, each out of ten

Trading cost Liquidity Custody and settlement Security record Market coverage Access

Maker fees have been 0 at every VIP tier since 2 February 2026 (Aster fees, checked 18 September 2026), though its own docs still show 0.01% / 0.035% on another page.

Reads well

  • 0% maker fee

Reads badly

  • Contradictory fee pages in its docs
  • 0.040% taker at VIP 1

Not for: takers who want the lowest rate.

Official site: asterdex.com

04shared place

4. edgeX — a taker rate in line with the market

7.6of 10breakdown

Criterion scores before the weights, each out of ten

Trading cost Liquidity Custody and settlement Security record Market coverage Access

That rate is what a regular user pays on V2 USDC-margined perps (edgeX fee tiers, checked 18 September 2026); its help centre still shows older V1 rates.

Reads well

  • 0.045% taker fee

Reads badly

  • 0.040% maker fee
  • Outdated fee page in its help centre

Not for: market makers.

Official site: pro.edgex.exchange

04shared place

4. Hyperliquid — volume tiers on a layer-1 book

6.9of 10breakdown

Criterion scores before the weights, each out of ten

Trading cost Liquidity Custody and settlement Security record Market coverage Access

Rates fall with 14-day weighted volume and with HYPE staking (Hyperliquid fees, checked 18 September 2026).

Reads well

  • Discounts for volume and staking

Reads badly

  • 0.045% base taker fee
  • No zero-fee account

Not for: small accounts chasing the lowest fee.

Official site: hyperliquid.xyz

04shared place

4. EVEDEX — fixed rates with cashback on fees paid

6.5of 10breakdown

Criterion scores before the weights, each out of ten

Trading cost Liquidity Custody and settlement Security record Market coverage Access

The rates are fixed, and cashback returns part of the fees already paid, up to 35% of the trader's own fees; at the maximum, effective fees are 0.00975% maker and 0.02925% taker (EVEDEX documentation as of 18 September 2026). Prime adds a fixed 5 percentage points.

Reads well

  • Cashback of up to 35% of own fees

Reads badly

  • No volume tiers
  • $9.00 taker round trip before cashback

Not for: traders who want a 0% default rate.

07shared place

7. ApeX Omni — discounts by volume or APEX staking

6.9of 10breakdown

Criterion scores before the weights, each out of ten

Trading cost Liquidity Custody and settlement Security record Market coverage Access

Rates fall with 14-day volume or with staked APEX (ApeX VIP programme, checked 18 September 2026).

Reads well

  • Staking lowers fees

Reads badly

  • 0.050% entry taker fee
  • Fee page last updated in October 2025

Not for: occasional takers.

Official site: omni.apex.exchange

07shared place

7. dYdX — tiered fees with governance fee holidays

5.8of 10breakdown

Criterion scores before the weights, each out of ten

Trading cost Liquidity Custody and settlement Security record Market coverage Access

Governance sometimes sets 0% fee holidays on single markets, and none was active on 24 September 2026 (dYdX fee tiers, checked 18 September 2026).

Reads well

  • Occasional 0% fee holidays

Reads badly

  • 0.050% entry taker fee
  • 6.95 bps impact on $100,000

Not for: large market orders.

Official site: dydx.xyz

--Hybrid, not scored

Orderly (WOOFi Pro) — a rate set by whichever front-end you arrive through

not scoredthe liquidity criterion needs an order book we could read

One shared off-chain book, priced separately by each builder front-end that plugs into it (Orderly (WOOFi Pro) docs, checked 18 September 2026).

Reads well

  • Its top volume tier on WOOFi Pro pays no maker fee at all

Reads badly

  • There is no single rate to quote: the front-end you arrive through sets it
  • The book is shown only to a logged-in account, so its depth could not be read

Not for: readers comparing one published rate against another.

Official site: orderly.network

--Oracle vault

gTrade — 0.035% each way on BTC, then holding costs

not scoredthe liquidity criterion needs an order book we could read

Oracle prices settled on-chain against shared gToken vaults (Gains fees, checked 18 September 2026).

Reads well

  • The lowest position fee among the pool-priced venues here

Reads badly

  • Holding costs add funding to a per-block borrowing fee charged to the heavier side
  • Its own app's bounty link returned a 404 when we opened it on 18 September 2026

Not for: traders holding the crowded side for weeks.

Official site: gains.trade

--Oracle pool

GMX — 0.04% or 0.06% each way, with no maker rate

not scoredthe liquidity criterion needs an order book we could read

Keepers execute against Chainlink-priced pools on Arbitrum, Avalanche and MegaETH (GMX fees, checked 18 September 2026).

Reads well

  • A flat position fee with no volume tiers to climb

Reads badly

  • Price impact and borrow fees sit on top of the position fee
  • A July 2025 exploit of the older V1 vault left an estimated $2.0 million shortfall

Not for: makers, who have no rate to earn here.

Official site: gmx.io

--Oracle pool

Jupiter Perps — 0.06% each way against the JLP pool

not scoredthe liquidity criterion needs an order book we could read

The JLP pool on Solana is the counterparty to every trade (Jupiter fees, checked 18 September 2026).

Reads well

  • Any token Jupiter Swap supports can be posted as collateral

Reads badly

  • 3 perpetual markets, all of them crypto
  • Borrow fees accrue against pool utilisation for as long as the position stays open

Not for: anyone wanting a market beyond SOL, ETH and wBTC.

Official site: jup.ag/perps

--Oracle vault

Ostium — 0.06% to open BTC and nothing to close

not scoredthe liquidity criterion needs an order book we could read

An in-house consensus oracle prices positions that settle in USDC through the OLP vault on Arbitrum (Ostium fees, checked 18 September 2026).

Reads well

  • No closing fee on BTC

Reads badly

  • Stock pairs follow the underlying session and day trades auto-close at 15:45 ET
  • A market open that fails on slippage still spends the $0.10 oracle fee

Not for: traders who count a closing fee of zero as the whole bill.

Official site: ostium.com

Pool-priced venues

Five venues carry facts and no score, for the reason printed under the table. Each has a card below.

What the headline perp DEX fees leave out

Entry-tier rates are only the start of the bill. Spread and price impact are charged on every taker trade: in the snapshots of 19 September 2026 a $100,000 BTC order moved the price 0.06 bps on Hyperliquid and 6.95 bps on dYdX. Funding comes on top of both.

How the readings were taken

Fee schedules come from each venue's published fee pages and trading terms, checked on 18 September 2026. The round trip is a $10,000 entry and exit at the entry-tier taker rate. Spread and impact come from our BTC order-book snapshots of 19 September 2026, polled every 10 minutes. Scores follow How we rate.

Entry-tier rates ignore volume tiers, staking, referrals and rebates. Funding is not included.

FAQ

How much are dex fees?

Entry-tier taker fees run from 0% on Lighter's default retail orders up to 0.050%, charged by both ApeX Omni and dYdX. The most common rate here is 0.015% maker / 0.045% taker, making a $10,000 market round trip cost $9.00 before spread and impact are counted on top of it.

Which crypto broker has the lowest fees?

Lighter charges 0% on its default retail orders, with a 300 ms delay on every free order. For a flat rate covering every account and order type, Extended charges 0% maker / 0.025% taker, a $5.00 taker round trip on $10,000.

How do you deal with maker/taker fees on Crypto exchanges

Post limit orders where the maker fee is lower, and read the tier rules. Makers pay 0% on Lighter, Extended and Aster at the entry tier, against 0.040% on edgeX. A bot should weigh zero-fee accounts against their 300 ms taker delay.

Which crypto exchange has the lowest fees?

On 24 September 2026 Lighter charges nothing on its default retail orders. Among venues charging every account the same, Extended's 0.025% taker rate is the lowest here. Spread and impact can outweigh both of those differences once the order is large enough.

Which DEX is best for perps?

Fees are one quarter of our score. Weighing custody, security, liquidity, markets and access as well, Lighter leads with 8.5/10, helped by its 0% default fees. On fees alone, nothing else on this sheet charges zero on both sides of a default retail order.

cex futures vs perp dexes, what are the real tradeoffs?

On fees the gap is small: several perp DEXs match or undercut typical exchange rates. Lighter charges 0% on its default account, and EVEDEX charges 0.015% maker / 0.045% taker. The larger differences are depth, custody and identity checks, which our other rankings cover.

Spaces Research — Updated: — write to editorial@spacesdao.org