Cheapest exchange to trade BNB perpetual futures

Name: Measured BNB perpetual futures trading cost by venue
Creator: PerpFinder
License: https://perpfinder.com/terms

35 BNB perp venues ranked by the measured cost of one market buy. Lighter was cheapest at $10,000. Bitunix was cheapest at $1,000,000. 16 books could not fill $1,000,000.

35 venues ranked in the latest cost sweepStored sweep, every 6 hoursas of September 23, 2026, 18:55 UTCSource: Cost methodology

Where a BNB perp order costs least

At 18:55 UTC on September 23, 2026, Lighter had the lowest measured cost for a $10,000 BNB market buy: 1.59 bps ($1.59). MEXC was second at 3.30 bps ($3.30), and Extended was third at 3.40 bps ($3.40). The Lighter base-tier taker fee was 0 bps, so all 1.59 bps of its cost came from half-spread and price impact. The first centralized exchange (CEX) was MEXC at rank 2. The first decentralized exchange (DEX) was Lighter at rank 1. For a $1,000,000 BNB order, Bitunix took rank 1 at 8.65 bps ($864.78). The books of 16 venues could not fill that order within 2% of the best price. The median of the 35 ranked venues was 6.45 bps, 4.1 times the rank-1 cost. In the last 7 days of methodology v8, before the change to v9 (28 sweeps), Lighter had rank 1 in every sweep, and one venue stayed in the top five each time.

BNB cost by venue at $10,000

Measured taker cost of a $10,000 BNB perpetual market buy by venue, ranked by total cost, at 18:55 UTC.
#	Venue	Type	Taker fee (bps)	Spread + impact (bps)	Total (bps)	Total on $10,000	Depth read
1	Lighter	DEX	0.00	1.59	1.59	$1.59	$5.0M · high
2	MEXC	CEX	2.00	1.30	3.30	$3.30	$18.8M · high
3	Extended	DEX	2.50	0.90	3.40	$3.40	$711K · high
4	RISEx	DEX	3.00	0.46	3.46	$3.46	$250K · high
5	NADO	DEX	3.50	0.23	3.73	$3.73	$515K · high
6	GRVT	DEX	4.50	0.13	4.63	$4.63	$1.3M · high
7	Gains	DEX, oracle	5.00	0.04	5.04	$5.04	—
8	Binance	CEX	5.00	0.07	5.07	$5.07	$8.2M · high
9	Paradex	DEX	0.00	5.07	5.07	$5.07	$77K · high
10	Pacifica	DEX	4.00	1.43	5.43	$5.43	$64K · high
11	Aster	DEX	4.00	1.49	5.49	$5.49	$1.3M · high
12	OKX	CEX	5.00	0.65	5.65	$5.65	$3.1M · high
13	Bitunix	CEX	6.00	0.07	6.07	$6.07	$9.7M · high
14	Bybit	CEX	5.50	0.65	6.15	$6.15	$3.3M · high
15	Hyperliquid	DEX	4.50	1.89	6.39	$6.39	$737K · high
16	Phemex	CEX	6.00	0.39	6.39	$6.39	$3.2M · high
17	GMX	DEX, oracle	6.00	0.40	6.40	$6.40	—
18	edgeX	DEX	4.50	1.95	6.45	$6.45	$2.8M · high
19	Bitget	CEX	6.00	0.92	6.92	$6.92	$2.0M · high
20	Deribit	CEX	3.50	3.45	6.95	$6.95	$157K · high
21	Gate.io	CEX	5.00	1.95	6.95	$6.95	$11.2M · high
22	BloFin	CEX	6.00	1.37	7.37	$7.37	$2.7M · high
23	Coinbase	CEX	4.00	4.10	8.10	$8.10	$627K · high
24	Ostium	DEX, oracle	6.00	2.42	8.42	$8.42	—
25	WhiteBIT	CEX	5.50	3.97	9.47	$9.47	$6.7M · high
26	Kraken	CEX	5.00	4.62	9.62	$9.62	$4.3M · high
27	HTX	CEX	6.00	4.17	10.17	$10.17	$2.8M · high
28	StandX	DEX	4.00	6.37	10.37	$10.37	$774K · high
29	KuCoin	CEX	6.00	4.43	10.43	$10.43	$3.8M · high
30	Apex Omni	DEX	5.00	5.48	10.48	$10.48	$167K · high
31	Avantis	DEX, oracle	4.50	6.56	11.06	$11.06	—
32	Aevo	DEX	8.00	6.18	14.18	$14.18	$2.8M · high
33	SunX	DEX	4.00	20.13	24.13	$24.13	$133K · high
34	Hibachi	DEX	4.50	20.44	24.94	$24.94	$162K · high
35	dYdX	DEX	5.00	21.23	26.23	$26.23	$614K · high

Measured but not ranked (7): Hotstuff, Reya, because the book could not fill the order within 2% of the best price; BingX, Toobit, WEEX, XT.COM, because the displayed depth did not pass the plausibility check; MYX, because the pool quote is documented or estimated, not measured.

35 ranked venues40 of 42 integrated venues returned a bookSources: PerpFinder cost engine, venue order books

How BNB cost grows with order size

From $10,000 to $1,000,000, the median BNB venue added 13.33 bps. Bitunix added the least (6.07 to 8.65 bps) and KuCoin the most (10.43 to 50.52 bps). 14 of the 35 venues ranked at $10,000 had no rank at $1,000,000.

Total taker cost of a BNB perpetual market buy at each stored order size, per venue, sorted by the $1,000,000 cost.
Venue	$10,000 (bps)	$100,000 (bps)	$1,000,000 (bps)	Impact at $1,000,000 (bps)	Rank at $1,000,000
Bitunix	6.07	6.38	8.65	2.58	1
Gains	5.04	5.45	9.69	4.69	2
edgeX	6.45	6.45	9.86	3.41	3
Phemex	6.39	6.39	10.50	4.11	5
BloFin	7.37	8.17	12.09	4.73	6
Bitget	6.92	9.63	12.12	5.21	7
Lighter	1.59	4.39	13.35	11.76	8
Binance	5.07	6.69	13.57	8.51	9
MEXC	3.30	6.32	16.91	13.61	10
OKX	5.65	7.67	18.73	13.08	11
GRVT	4.63	7.22	19.30	14.67	12
Bybit	6.15	7.89	19.48	13.33	13
Aevo	14.18	16.58	20.53	6.34	14
Gate.io	6.95	9.90	23.34	16.39	15
Kraken	9.62	10.18	24.45	14.83	16
Hyperliquid	6.39	7.67	26.91	20.52	17
Aster	5.49	8.10	28.29	22.86	18
WhiteBIT	9.47	13.40	29.79	20.32	19
HTX	10.17	11.82	40.14	29.98	20
Avantis	11.06	13.98	44.47	39.97	21
KuCoin	10.43	17.23	50.52	40.09	22
Extended	3.40	5.71	—	—	—
RISEx	3.46	7.48	—	—	—
NADO	3.73	9.85	—	—	—
Paradex	5.07	—	—	—	—
Pacifica	5.43	—	—	—	—
GMX	6.40	7.57	—	—	—
Deribit	6.95	12.57	—	—	—
Coinbase	8.10	12.32	—	—	—
Ostium	8.42	—	—	—	—
StandX	10.37	13.27	—	—	—
Apex Omni	10.48	33.05	—	—	—
SunX	24.13	39.07	—	—	—
Hibachi	24.94	51.37	—	—	—
dYdX	26.23	26.23	—	—	—

35 venues ranked at $10,000A dash means the venue had no rank at that size: the book could not fill it or its depth was not confirmed.Sources: Stored sweep September 23, 2026, 18:55 UTC

BNB cost profile and venue coverage

On a $10,000 BNB order, the median fee was 5.00 bps and the median half-spread plus impact was 1.89 bps. The book cost more than the fee on 9 of 35 venues. At $1,000,000, the book cost more than the fee on 19 of 22 venues, with a median book cost of 13.86 bps.

Crypto.com ranks on the other assets but not on BNB. The cheapest BNB order was number 5 of 7 assets. BTC was the lowest at 0.31 bps and DOGE the highest at 2.54 bps. Lighter had rank 1 on 5 of the 7 assets.

BNB top five over time

Number of stored sweeps in which each venue ranked in the top 5 for a $10,000 BNB market buy, methodology v8.
Venue	Top 5, 7 days	Rank 1, 7 days	Median total, 7 days (bps)
Lighter	28 of 28	28	1.11
Extended	27 of 28	0	3.62
NADO	27 of 28	0	3.73
MEXC	26 of 28	0	3.36
RISEx	19 of 28	0	4.31
Aster	4 of 28	0	4.98
GMX	4 of 28	0	6.43
Pacifica	3 of 28	0	5.51
GRVT	2 of 28	0	4.60

9 venues in the top five at least onceThese counts use methodology v8, the version before v9. They cover the sweeps up to September 23, 2026, 12:00 UTC. The methodology v9 7- and 30-day counts start on September 30, 2026 and October 23, 2026.Sources: Stored 6-hour sweeps, methodology v8

Data and related rankings

40 of 42 integrated venues returned a BNB book in this sweep. These costs come from the stored sweep measured at 18:55 UTC on September 23, 2026. The live cost comparison reads the order books when you open it, so its costs can differ from this page. Download the BNB series as CSV, or read the cost methodology. Compare BTC, ETH, SOL, XRP, DOGE and HYPE, or open the all-asset ranking.