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 venueedgeX1.2 bps all-in
Estimated savings$303.0 bps vs 2nd
Venues tracked14
Side
Hold days
7edgeXExternal1 chainLive/API4.5 bps4.6 bps2.3 bps-10.2 bps2.2%+24%Rising1.2 bpsAll-in breakdownFee4.5 bpsSpread4.6 bpsSize impact2.3 bpsFunding-10.2 bps$12
3LighterZero-fee perp orderbookLighter2 chainsLive/API0.0 bps1.0 bps1.1 bps2.1 bps7.6%+12%High4.2 bpsAll-in breakdownSpread1.0 bpsSize impact1.1 bpsFunding2.1 bps$42
—ImperialSolana perp routeSolana1 chainLive/API1.0 bps1.0 bps1.1 bps2.1 bps0.8%+42%Under-radar5.2 bpsAll-in breakdownFee1.0 bpsSpread1.0 bpsSize impact1.1 bpsFunding2.1 bps$52
11NadoExternal1 chainLive/API3.5 bps0.9 bps0.9 bps2.4 bps2.5%+25%Rising7.7 bpsAll-in breakdownFee3.5 bpsSpread0.9 bpsSize impact0.9 bpsFunding2.4 bps$77
2AsterExternal1 chainLive/API3.5 bps0.9 bps0.7 bps4.2 bps10%+18%High9.3 bpsAll-in breakdownFee3.5 bpsSpread0.9 bpsSize impact0.7 bpsFunding4.2 bps$93
1HyperliquidPerp L1Hyperliquid1 chainLive/API4.5 bps0.9 bps1.1 bps2.4 bps19%+4%High9.3 bpsAll-in breakdownFee4.5 bpsSpread0.9 bpsSize impact1.1 bpsFunding2.4 bpsRoute0.4 bps$93
9PacificaExternal1 chainLive/API3.5 bps0.9 bps3.8 bps2.4 bps1.9%+31%Rising11 bpsAll-in breakdownFee3.5 bpsSpread0.9 bpsSize impact3.8 bpsFunding2.4 bps$106
4GrvtExternal1 chainLive/API2.5 bps0.9 bps0.8 bps8.3 bps3.3%+29%Rising13 bpsAll-in breakdownFee2.5 bpsSpread0.9 bpsSize impact0.8 bpsFunding8.3 bps$125
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 bps9.1 bps4.6 bps2.4 bps1.1%+12%Baseline20 bpsAll-in breakdownFee3.5 bpsSpread9.1 bpsSize impact4.6 bpsFunding2.4 bps$196
23dYdXAppchain perpsdYdX2 chainsLive/API5.0 bps11 bps7.7 bps1.2 bps1.5%+2%Baseline25 bpsAll-in breakdownFee5.0 bpsSpread11 bpsSize impact7.7 bpsFunding1.2 bpsRoute0.5 bps$254
16PhoenixDirect venueSolana1 chainLive/API3.5 bps1.8 bps2.3 bps20 bps1.5%+9%Baseline27 bpsAll-in breakdownFee3.5 bpsSpread1.8 bpsSize impact2.3 bpsFunding20 bps$274
45AevoOptions and perpsEthereum1 chainLive/API5.0 bps7.6 bps21 bps2.1 bps0.4%-6%Baseline36 bpsAll-in breakdownFee5.0 bpsSpread7.6 bpsSize impact21 bpsFunding2.1 bpsRoute0.5 bps$360
22ParadexStarknet perpsStarknet1 chainLive/API3.5 bps28 bps308 bps1.8 bps2.0%+19%Baseline342 bpsAll-in breakdownFee3.5 bpsSpread28 bpsSize impact308 bpsFunding1.8 bpsRoute0.5 bps$3.4K