Perp EV Terminal

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Mindshare is modeled until live social-data adapters are connected. Some outbound venue links may be referral links. Referral availability never changes ranking methodology.

Perp Venue Rankings

Live adapters needed before these modeled rows are production-grade.

Ranked by estimated all-in cost for the selected market and order assumptions.

Best venueedgeX2.3 bps all-in
Estimated savings$181.8 bps vs 2nd
Venues tracked14
Side
Hold days
7edgeXExternal1 chainLive/API4.5 bps5.3 bps2.7 bps-10.2 bps2.2%+24%Rising2.3 bpsAll-in breakdownFee4.5 bpsSpread5.3 bpsSize impact2.7 bpsFunding-10.2 bps$23
3LighterZero-fee perp orderbookLighter2 chainsLive/API0.0 bps1.0 bps1.0 bps2.1 bps7.6%+12%High4.1 bpsAll-in breakdownSpread1.0 bpsSize impact1.0 bpsFunding2.1 bps$41
—ImperialSolana perp routeSolana1 chainLive/API1.0 bps1.0 bps1.0 bps2.1 bps0.8%+42%Under-radar5.1 bpsAll-in breakdownFee1.0 bpsSpread1.0 bpsSize impact1.0 bpsFunding2.1 bps$51
11NadoExternal1 chainLive/API3.5 bps0.9 bps0.6 bps2.4 bps2.5%+25%Rising7.4 bpsAll-in breakdownFee3.5 bpsSpread0.9 bpsSize impact0.6 bpsFunding2.4 bps$74
9PacificaExternal1 chainLive/API3.5 bps0.9 bps3.1 bps2.4 bps1.9%+31%Rising9.9 bpsAll-in breakdownFee3.5 bpsSpread0.9 bpsSize impact3.1 bpsFunding2.4 bps$99
4GrvtExternal1 chainLive/API2.5 bps0.9 bps0.8 bps9.0 bps3.3%+29%Rising13 bpsAll-in breakdownFee2.5 bpsSpread0.9 bpsSize impact0.8 bpsFunding9.0 bps$132
2AsterExternal1 chainLive/API3.5 bps1.8 bps0.9 bps9.0 bps10%+18%High15 bpsAll-in breakdownFee3.5 bpsSpread1.8 bpsSize impact0.9 bpsFunding9.0 bps$152
1HyperliquidPerp L1Hyperliquid1 chainLive/API4.5 bps0.9 bps0.9 bps9.0 bps19%+4%High16 bpsAll-in breakdownFee4.5 bpsSpread0.9 bpsSize impact0.9 bpsFunding9.0 bpsRoute0.4 bps$157
8ArcusExternal1 chainLive/API3.5 bps0.1 bps6.0 bps9.0 bps2.7%+26%Rising19 bpsAll-in breakdownFee3.5 bpsSpread0.1 bpsSize impact6.0 bpsFunding9.0 bps$186
38BULKExternal1 chainLive/API3.5 bps8.9 bps4.5 bps2.4 bps1.1%+12%Baseline19 bpsAll-in breakdownFee3.5 bpsSpread8.9 bpsSize impact4.5 bpsFunding2.4 bps$193
23dYdXAppchain perpsdYdX2 chainsLive/API5.0 bps9.8 bps4.9 bps5.1 bps1.5%+2%Baseline25 bpsAll-in breakdownFee5.0 bpsSpread9.8 bpsSize impact4.9 bpsFunding5.1 bpsRoute0.5 bps$253
16PhoenixDirect venueSolana1 chainLive/API3.5 bps1.8 bps2.3 bps18 bps1.5%+9%Baseline25 bpsAll-in breakdownFee3.5 bpsSpread1.8 bpsSize impact2.3 bpsFunding18 bps$253
45AevoOptions and perpsEthereum1 chainLive/API5.0 bps10.0 bps22 bps2.1 bps0.4%-6%Baseline40 bpsAll-in breakdownFee5.0 bpsSpread10.0 bpsSize impact22 bpsFunding2.1 bpsRoute0.5 bps$397
22ParadexStarknet perpsStarknet1 chainLive/API3.5 bps215 bps240 bps1.8 bps2.0%+19%Baseline461 bpsAll-in breakdownFee3.5 bpsSpread215 bpsSize impact240 bpsFunding1.8 bpsRoute0.5 bps$4.6K