Cheapest exchange to trade ETH perpetual futures
On ETH perps, Lighter cost the least at $10,000 (0.59 bps), and the first centralized exchange, MEXC, had rank 3.
- Lighter, $10K ETH
- 0.59 bps
- Rank 2, Paradex
- 0.88 bps
- Venues ranked
- 39
- Rank 1 at $1M, Lighter
- 1.52 bps
ETH perp cost in bps at $10,000, $100,000 and $1,000,000
| # | Venue | $10,000 | Fee | Spread + impact | $100,000 | $1,000,000 | Type | Depth read | Top 5, 7 days | Rank 1, 7 days |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lighter | 0.59 | 0.00 | 0.59 | 0.54 | 1.52 | DEX | $18.7M | 28 | 28 |
| 2 | Paradex | 0.88 | 0.00 | 0.88 | 1.04 | — | DEX | $385K | 27 | 0 |
| 3 | MEXC | 2.02 | 2.00 | 0.02 | 2.02 | 2.06 | CEX | $308.1M | 28 | 0 |
| 4 | Extended | 2.70 | 2.50 | 0.20 | 2.70 | 5.55 | DEX | $7.1M | 28 | 0 |
| 5 | RISEx | 3.20 | 3.00 | 0.20 | 4.81 | 31.78 | DEX | $1.1M | 16 | 0 |
| 6 | Deribit | 3.60 | 3.50 | 0.10 | 5.82 | 10.32 | CEX | $9.8M | 1 | 0 |
| 7 | NADO | 3.70 | 3.50 | 0.20 | 3.81 | 5.56 | DEX | $10.4M | 5 | 0 |
| 8 | GMX | 4.00 | 4.00 | 0.00 | 4.00 | 4.00 | DEX, oracle | — | 0 | 0 |
| 9 | Gains | 4.02 | 3.50 | 0.52 | 4.18 | 5.78 | DEX, oracle | — | 0 | 0 |
| 10 | Aster | 4.08 | 4.00 | 0.08 | 4.31 | 4.81 | DEX | $52.8M | 0 | 0 |
| 11 | Pacifica | 4.24 | 4.00 | 0.24 | 4.86 | — | DEX | $247K | 0 | 0 |
| 12 | GRVT | 4.52 | 4.50 | 0.02 | 5.93 | 19.22 | DEX | $4.9M | 0 | 0 |
| 13 | Hyperliquid | 4.70 | 4.50 | 0.20 | 4.70 | 4.77 | DEX | $52.6M | 0 | 0 |
| 14 | Ondo | 4.76 | 2.50 | 2.26 | 6.96 | 22.79 | DEX | $1.2M | 7 | 0 |
| 15 | SunX | 4.80 | 4.00 | 0.80 | 5.86 | 7.82 | DEX | $6.8M | 0 | 0 |
| 16 | Binance | 5.02 | 5.00 | 0.02 | 5.02 | 6.08 | CEX | $57.1M | 0 | 0 |
| 16 | Gate.io | 5.02 | 5.00 | 0.02 | 6.12 | 9.91 | CEX | $7.6M | 0 | 0 |
| 16 | OKX | 5.02 | 5.00 | 0.02 | 5.92 | 6.95 | CEX | $81.8M | 0 | 0 |
| 19 | edgeX | 5.15 | 4.50 | 0.65 | 5.17 | 5.35 | DEX | $59.4M | 0 | 0 |
| 20 | Apex Omni | 5.33 | 5.00 | 0.33 | 6.17 | 18.72 | DEX | $7.4M | 0 | 0 |
| 21 | Hibachi | 5.43 | 4.50 | 0.93 | 17.30 | — | DEX | $479K | 0 | 0 |
| 22 | Avantis | 5.50 | 4.50 | 1.00 | 5.81 | 6.52 | DEX, oracle | — | 0 | 0 |
| 23 | Bybit | 5.52 | 5.50 | 0.02 | 6.56 | 7.95 | CEX | $67.0M | 0 | 0 |
| 24 | Crypto.com | 6.00 | 4.00 | 2.00 | 7.85 | 20.23 | CEX | $1.6M | 0 | 0 |
| 25 | Bitget | 6.02 | 6.00 | 0.02 | 6.14 | 7.50 | CEX | $22.6M | 0 | 0 |
| 25 | Bitunix | 6.02 | 6.00 | 0.02 | 6.03 | 6.36 | CEX | $33.8M | 0 | 0 |
| 25 | BloFin | 6.02 | 6.00 | 0.02 | 6.16 | 6.35 | CEX | $21.4M | 0 | 0 |
| 25 | HTX | 6.02 | 6.00 | 0.02 | 6.20 | 8.14 | CEX | $17.7M | 0 | 0 |
| 25 | Phemex | 6.02 | 6.00 | 0.02 | 7.03 | 10.97 | CEX | $47.8M | 0 | 0 |
| 25 | Toobit | 6.02 | 6.00 | 0.02 | 6.02 | 6.02 | CEX | $54.2M | 0 | 0 |
| 25 | XT.COM | 6.02 | 6.00 | 0.02 | 6.02 | 6.02 | CEX | $20.5M | 0 | 0 |
| 32 | Kraken | 6.02 | 5.00 | 1.02 | 6.94 | 8.72 | CEX | $21.4M | 0 | 0 |
| 33 | KuCoin | 6.10 | 6.00 | 0.10 | 8.28 | 9.81 | CEX | $33.8M | 0 | 0 |
| 34 | GMTrade | 6.18 | 6.00 | 0.18 | 6.48 | — | DEX, oracle | — | 0 | 0 |
| 35 | Ostium | 7.60 | 6.00 | 1.60 | — | — | DEX, oracle | — | 0 | 0 |
| 36 | WhiteBIT | 7.99 | 5.50 | 2.49 | 10.82 | 23.37 | CEX | $7.9M | 0 | 0 |
| 37 | StandX | 8.29 | 4.00 | 4.29 | 15.87 | 22.53 | DEX | $5.4M | 0 | 0 |
| 38 | Bluefin | 10.03 | 3.50 | 6.53 | 13.56 | — | DEX | $110K | 0 | 0 |
| 39 | Aevo | 30.04 | 8.00 | 22.04 | 35.46 | 55.47 | DEX | $1.3M | 0 | 0 |
Not ranked at $10,000: BingX, dYdX (depth not confirmed); Jupiter, MYX (quote not measured).
Eight of the ten cheapest ETH venues were decentralized exchanges (DEX).
Lighter is a DEX with a 0 bps base taker fee, and its ETH book cost 0.59 bps.
ETH ranking facts
- DEX ranks at $10,000
- 22 of 39
- DEX ranks at $1,000,000
- 16 of 33
- DEX venues in the ten cheapest
- 8 of 10
- Rank 1 at $100,000
- Lighter, 0.54 bps
- Median ETH and BTC cost, $10,000
- 5.33 bps and 5.02 bps
- Median cost added, ETH and BTC, up to $1,000,000
- 2.12 bps and 0.98 bps
Stored sweep of October 16, 2026 at 06:55 UTC, cost methodology v9. Values in basis points (bps).
ETH analysis by section6 sections from the same sweep
Paradex came next on a 0.00 bps fee, with 0.88 bps of book cost.
DEX share of the ETH ranking
DEX venues held 22 of the 39 ETH ranks at $10,000 and 21 of 38 at $100,000. At $1,000,000, the DEX count fell to 16 of 33.
Paradex, Pacifica, Hibachi, GMTrade, Ostium and Bluefin had an ETH rank at $10,000 but none at $1,000,000. All of them are DEXs.
Among the centralized exchanges (CEX), MEXC was the cheapest ETH venue, at rank 3.
On a $100,000 ETH order, the first venue with oracle pricing was GMX, at rank 6 with 4.00 bps.
The first three ETH venues
Lighter (no fee, 0.59 bps of book cost) had rank 1 at $1,000,000. Paradex (no fee, 0.88 bps of book cost) had no rank at $1,000,000. MEXC (2.00 bps fee, 0.02 bps of book cost) had rank 2 at $1,000,000.
Not all three stayed in the ETH top five at $1,000,000.
How stable the ETH leaders were
Over the last 7 days (28 sweeps), Lighter was the ETH leader 28 times. Three venues stayed in the top five in every sweep: Extended, Lighter and MEXC. The other top-five places went to Paradex (27), RISEx (16), Ondo (7), NADO (5) and Deribit (1).
ETH next to BTC
At $10,000, the median ETH venue cost 5.33 bps, against 5.02 bps on BTC. At $1,000,000, the two medians were 7.50 bps for ETH and 6.08 bps for BTC.
ETH cost rose more with size: the median venue added 2.12 bps, and BTC added 0.98 bps. Lighter had rank 1 on both assets at $10,000.
ETH at $100,000
At $100,000, Lighter led with 0.54 bps, and Paradex was second with 1.04 bps.
The median ETH venue cost 6.02 bps at that size. Ostium could not fill it. 7 of the 38 ranked venues had more spread and impact than fee.
Where ETH spread and impact start to count
Five ETH venues had more spread and impact than fee at $10,000. At $1,000,000, that count was 11 of 33. The median spread plus impact went from 0.20 bps to 2.28 bps.
At $10,000, 10 ETH venues shared their total with at least one other venue. The largest group was Bitget, Bitunix, BloFin, HTX and three more, at 6.02 bps each.
The five cheapest ETH venues at $1,000,000 were Lighter, MEXC, GMX, Hyperliquid and Aster. Four of them are DEXs.
Lighter stayed first at $1,000,000 with 1.52 bps, and MEXC was second with 2.06 bps.
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 ETH perpetual futures." Stored sweep of October 16, 2026 at 06:55 UTC, cost methodology v9. https://perpfinder.com/cheapest-perp-exchange/eth ETH 7-day cost series (CSV): https://perpfinder.com/api/data/cost-history?market=perp&asset=ETH&size=10000&days=7&format=csv
Download: ETH 7-day cost series (CSV)
More ETH data
Download the 7-day ETH cost series (CSV). Funding is not part of this cost. The ETH asset page lists ETH funding rates by venue. The live cost comparison reads the books when you open it.