Cheapest exchange to trade BNB perpetual futures
Lighter led the $10,000 BNB perp ranking at 1.94 bps, but Toobit took rank 1 at $1,000,000.
- Lighter, $10K BNB
- 1.94 bps
- Rank 2, Extended
- 3.43 bps
- Venues ranked
- 34
- Rank 1 at $1M, Toobit
- 7.51 bps
BNB cost for three order sizes, in bps
| # | Venue | $10,000 | Fee | Spread + impact | $100,000 | $1,000,000 | Type | Depth read | Top 5, 7 days | Top 5, 30 days | Rank 1, 7 days | Rank 1, 30 days |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lighter | 1.94 | 0.00 | 1.94 | 5.13 | 15.86 | DEX | $5.0M | 28 | 120 | 28 | 120 |
| 2 | Extended | 3.43 | 2.50 | 0.93 | 4.54 | — | DEX | $668K | 28 | 115 | 0 | 0 |
| 3 | RISEx | 3.64 | 3.00 | 0.64 | 6.55 | — | DEX | $288K | 25 | 109 | 0 | 0 |
| 4 | NADO | 3.86 | 3.50 | 0.36 | 4.47 | — | DEX | $703K | 27 | 112 | 0 | 0 |
| 5 | Paradex | 4.80 | 0.00 | 4.80 | — | — | DEX | $77K | 3 | 11 | 0 | 0 |
| 6 | GRVT | 4.99 | 4.50 | 0.49 | 6.49 | 18.27 | DEX | $1.6M | 4 | 8 | 0 | 0 |
| 7 | Gains | 5.05 | 5.00 | 0.05 | 5.49 | 10.15 | DEX, oracle | — | 0 | 0 | 0 | 0 |
| 8 | Aster | 5.12 | 4.00 | 1.12 | 5.73 | 14.07 | DEX | $2.1M | 1 | 4 | 0 | 0 |
| 9 | BingX | 5.43 | 5.00 | 0.43 | 5.71 | 8.24 | CEX | $21.8M | 0 | 0 | 0 | 0 |
| 10 | Binance | 5.64 | 5.00 | 0.64 | 6.52 | 10.22 | CEX | $11.6M | 0 | 0 | 0 | 0 |
| 11 | OKX | 5.72 | 5.00 | 0.72 | 7.53 | 15.12 | CEX | $2.6M | 0 | 0 | 0 | 0 |
| 12 | Hyperliquid | 6.00 | 4.50 | 1.50 | 7.32 | 16.72 | DEX | $1.6M | 0 | 0 | 0 | 0 |
| 13 | Bitunix | 6.07 | 6.00 | 0.07 | 6.38 | 8.50 | CEX | $9.9M | 0 | 0 | 0 | 0 |
| 13 | Toobit | 6.07 | 6.00 | 0.07 | 6.07 | 7.51 | CEX | $55.5M | 0 | 0 | 0 | 0 |
| 15 | Gate.io | 6.07 | 5.00 | 1.07 | 8.56 | 21.97 | CEX | $11.5M | 0 | 0 | 0 | 0 |
| 16 | Bybit | 6.33 | 5.50 | 0.83 | 8.09 | 17.54 | CEX | $4.4M | 0 | 0 | 0 | 0 |
| 17 | Phemex | 6.50 | 6.00 | 0.50 | 6.50 | 9.45 | CEX | $3.8M | 0 | 0 | 0 | 0 |
| 18 | Pacifica | 6.58 | 4.00 | 2.58 | — | — | DEX | $79K | 0 | 1 | 0 | 0 |
| 19 | GMX | 6.59 | 6.00 | 0.59 | 7.76 | — | DEX, oracle | — | 1 | 12 | 0 | 0 |
| 20 | BloFin | 6.64 | 6.00 | 0.64 | 7.48 | 11.05 | CEX | $3.0M | 0 | 0 | 0 | 0 |
| 21 | edgeX | 6.65 | 4.50 | 2.15 | 6.65 | 10.36 | DEX | $2.9M | 0 | 0 | 0 | 0 |
| 22 | Bitget | 7.43 | 6.00 | 1.43 | 8.51 | 13.92 | CEX | $2.7M | 0 | 0 | 0 | 0 |
| 23 | Deribit | 7.58 | 3.50 | 4.08 | 9.48 | — | CEX | $407K | 0 | 0 | 0 | 0 |
| 24 | Avantis | 8.48 | 4.50 | 3.98 | 11.35 | 28.15 | DEX, oracle | — | 0 | 0 | 0 | 0 |
| 25 | Ostium | 8.59 | 6.00 | 2.59 | — | — | DEX, oracle | — | 0 | 0 | 0 | 0 |
| 26 | KuCoin | 9.15 | 6.00 | 3.15 | 11.82 | 47.19 | CEX | $3.6M | 0 | 0 | 0 | 0 |
| 27 | Hibachi | 9.59 | 4.50 | 5.09 | 33.40 | — | DEX | $205K | 0 | 0 | 0 | 0 |
| 28 | HTX | 9.79 | 6.00 | 3.79 | 12.50 | 43.67 | CEX | $2.7M | 0 | 0 | 0 | 0 |
| 29 | Kraken | 10.11 | 5.00 | 5.11 | 11.10 | 17.12 | CEX | $5.1M | 0 | 0 | 0 | 0 |
| 30 | Apex Omni | 10.86 | 5.00 | 5.86 | 32.68 | — | DEX | $182K | 0 | 0 | 0 | 0 |
| 31 | WhiteBIT | 13.30 | 5.50 | 7.80 | 17.34 | 35.43 | CEX | $3.1M | 0 | 0 | 0 | 0 |
| 32 | dYdX | 15.11 | 5.00 | 10.11 | — | — | DEX | $33K | 0 | 0 | 0 | 0 |
| 33 | MEXC | 17.72 | 2.00 | 15.72 | 21.34 | 29.00 | CEX | $18.8M | 23 | 108 | 0 | 0 |
| 34 | SunX | 24.13 | 4.00 | 20.13 | 31.10 | — | DEX | $192K | 0 | 0 | 0 | 0 |
Not ranked at $10,000: XT.COM (depth not confirmed); MYX (quote not measured).
BNB facts by order size
- Rank 1 at $100,000
- NADO, 4.47 bps
- Rank 1 at $1,000,000
- Toobit, 7.51 bps
- Largest rank drop up to $1,000,000
- Lighter, rank 1 to 12
- BNB books that cannot fill $1,000,000
- 12
- Median fee and book cost, $10,000
- 5.00 bps and 1.47 bps
- Oracle venues still ranked at $1,000,000
- 2 of 4
Stored sweep of November 8, 2026 at 12:55 UTC, cost methodology v9. Values in basis points (bps).
BNB analysis by section7 sections from the same sweep
Kraken rose from rank 29 to rank 14.
How far BNB books reach
4 BNB books had too little depth for $100,000 inside a 2% price move. At $1,000,000, 12 books could not fill the order, and 22 venues had a rank.
DEXs with an order book held 14 ranks at $10,000 and 5 at $1,000,000. The venues that lost their rank were Extended, RISEx, NADO, Paradex, Pacifica, GMX and six more.
BNB at $100,000
NADO (4.47 bps) and Extended (4.54 bps) were 0.07 bps apart for a $100,000 BNB order. The first oracle venue, Gains, had rank 4.
The first CEX at that size was BingX, at rank 5.
The $1,000,000 BNB order
Toobit took the $1,000,000 BNB order with a 6.00 bps fee and 1.51 bps of book cost.
Lighter, first at $10,000, had 15.86 bps of book cost at that size and rank 12.
The fee difference between the two venues was 6.00 bps, and the book difference was 14.35 bps.
The median ranked BNB venue cost 15.49 bps for that order.
Oracle pricing on large BNB orders
A price oracle sets the fill price on four BNB venues, so their cost does not come from an order book.
At $1,000,000, Gains (rank 5) and Avantis (rank 18) kept a rank. GMX and Ostium had no rank at that size.
The first oracle venue cost 10.15 bps at $1,000,000, and the first DEX with an order book cost 10.36 bps.
BNB leaders in the stored sweeps
The 7-day BNB record covers 28 sweeps. Lighter had rank 1 in 28 of them. The top-five counts per venue were Extended (28), Lighter (28), NADO (27), RISEx (25), MEXC (23), GRVT (4), Paradex (3) and two more.
Centralized exchanges on BNB
16 centralized exchanges (CEX) had a BNB rank at $10,000, and 15 kept one at $1,000,000. The first CEX was BingX at rank 9 for $10,000, BingX at rank 5 for $100,000 and Toobit at rank 1 for $1,000,000.
At $1,000,000, the CEX median was 15.12 bps and the decentralized exchange (DEX) median was 15.86 bps.
BNB fees against book cost
At $10,000, the median BNB fee was 5.00 bps and the median spread plus impact was 1.47 bps. 23 of the 34 ranked BNB venues charge the median fee or less. At $1,000,000, spread plus impact was 11.08 bps on the median venue, 2.2 times the median fee.
A fee discount thus changes the BNB order most on small orders. The fee calculator applies your own fee tier.
Terms used on this page
- Total trading cost (all-in cost)
- Total trading cost (all-in cost) is the selected-side cost of one order at a given size: the fee plus half of the spread plus the price impact, in bps and USD.
- Bid-ask spread
- The spread is the gap between the best bid and the best ask, in basis points (bps) of the mid price. A market order pays half of the spread.
- Slippage (price impact)
- Slippage (price impact) is the extra cost of an order that fills through more than one price level, measured beyond the best quote. A larger order has more price impact.
Cite this data
Use the page address and the date of the data. Attribute the data as "Data: PerpFinder" with a link to the page.
PerpFinder. "Cheapest exchange to trade BNB perpetual futures." Stored sweep of November 8, 2026 at 12:55 UTC, cost methodology v9. https://perpfinder.com/cheapest-perp-exchange/bnb BNB 7-day cost series (CSV): https://perpfinder.com/api/data/cost-history?market=perp&asset=BNB&size=10000&days=7&format=csv
Download: BNB 7-day cost series (CSV)
More BNB data
Download the 7-day BNB cost series (CSV). BNB funding rates are on the BNB asset page. The live cost comparison reads the books when you open it.