Cheapest exchange to trade SOL perpetual futures

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

39 Solana perp venues ranked by the measured cost of one market buy. Lighter was cheapest at $10,000. MEXC was cheapest at $1,000,000. 9 books could not fill $1,000,000.

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

Where a SOL perp order costs least

At 18:55 UTC on September 23, 2026, Lighter had the lowest measured cost for a $10,000 SOL market buy: 0.61 bps ($0.61). Paradex was second at 1.53 bps ($1.53), and MEXC was third at 2.44 bps ($2.44). For a $1,000,000 SOL order, MEXC took rank 1 at 4.89 bps ($489.39). The books of nine venues could not fill that order within 2% of the best price. The median of the 39 ranked venues was 5.90 bps, 9.6 times the rank-1 cost. The Lighter base-tier taker fee was 0 bps, so all 0.61 bps of its cost came from half-spread and price impact. The first centralized exchange (CEX) was MEXC at rank 3. The first decentralized exchange (DEX) was Lighter at rank 1. In the last 7 days of methodology v8, before the change to v9 (28 sweeps), Lighter had rank 1 in every sweep, and two venues stayed in the top five each time.

SOL cost by venue at $10,000

Measured taker cost of a $10,000 SOL 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	0.61	0.61	$0.61	$16.8M · high
2	Paradex	DEX	0.00	1.53	1.53	$1.53	$152K · high
3	MEXC	CEX	2.00	0.44	2.44	$2.44	$111.5M · high
4	Extended	DEX	2.50	0.44	2.94	$2.94	$2.3M · high
5	Reya	DEX, oracle	3.00	0.20	3.20	$3.20	—
6	RISEx	DEX	3.00	0.70	3.70	$3.70	$405K · high
7	GMX	DEX, oracle	4.00	0.00	4.00	$4.00	—
8	Coinbase	CEX	4.00	0.09	4.09	$4.09	$3.9M · high
9	NADO	DEX	3.50	0.83	4.33	$4.33	$5.3M · high
10	GMTrade	DEX, oracle	4.00	0.40	4.40	$4.40	—
11	Pacifica	DEX	4.00	0.87	4.87	$4.87	$187K · high
12	Aster	DEX	4.00	0.87	4.87	$4.87	$4.6M · high
13	Deribit	CEX	3.50	1.57	5.07	$5.07	$1.3M · high
14	Gains	DEX, oracle	5.00	0.08	5.08	$5.08	—
15	Hyperliquid	DEX	4.50	0.87	5.37	$5.37	$43.3M · high
16	Binance	CEX	5.00	0.44	5.44	$5.44	$35.9M · high
17	OKX	CEX	5.00	0.77	5.77	$5.77	$12.9M · high
18	GRVT	DEX	4.50	1.31	5.81	$5.81	$2.0M · high
19	BingX	CEX	5.00	0.83	5.83	$5.83	$57.4M · high
20	Hibachi	DEX	4.50	1.40	5.90	$5.90	$283K · high
21	Bybit	CEX	5.50	0.87	6.37	$6.37	$24.8M · high
22	Bitunix	CEX	6.00	0.44	6.44	$6.44	$12.5M · high
23	edgeX	DEX	4.50	2.18	6.68	$6.68	$19.5M · high
24	HTX	CEX	6.00	0.69	6.69	$6.69	$11.2M · high
25	Gate.io	CEX	5.00	1.75	6.75	$6.75	$23.0M · high
26	BloFin	CEX	6.00	0.87	6.87	$6.87	$31.5M · high
27	Bitget	CEX	6.00	0.93	6.93	$6.93	$1.1M · high
28	Apex Omni	DEX	5.00	2.18	7.18	$7.18	$1.0M · high
29	Crypto.com	CEX	4.00	3.49	7.49	$7.49	$922K · high
30	Avantis	DEX, oracle	4.50	3.00	7.50	$7.50	—
31	Kraken	CEX	5.00	2.62	7.62	$7.62	$14.2M · high
32	Phemex	CEX	6.00	2.18	8.18	$8.18	$10.6M · high
33	Ostium	DEX, oracle	6.00	2.81	8.81	$8.81	—
34	KuCoin	CEX	6.00	2.88	8.88	$8.88	$11.7M · high
35	Bluefin	DEX	3.50	5.94	9.44	$9.44	$110K · high
36	WhiteBIT	CEX	5.50	4.52	10.02	$10.02	$15.7M · high
37	Aevo	DEX	8.00	6.51	14.51	$14.51	$1.5M · high
38	SunX	DEX	4.00	19.53	23.53	$23.53	$703K · high
39	dYdX	DEX	5.00	24.41	29.41	$29.41	$7.3M · high

Measured but not ranked (6): Hotstuff, because the book could not fill the order within 2% of the best price; Toobit, WEEX, XT.COM, because the displayed depth did not pass the plausibility check; Jupiter, MYX, because the pool quote is documented or estimated, not measured.

39 ranked venues44 of 46 integrated venues returned a bookSources: PerpFinder cost engine, venue order books

How SOL cost grows with order size

From $10,000 to $1,000,000, the median SOL venue added 5.17 bps. The dYdX cost did not change (29.41 bps at both sizes). Apex Omni added the most (7.18 to 70.83 bps). 8 of the 39 venues ranked at $10,000 had no rank at $1,000,000.

Total taker cost of a SOL 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
MEXC	2.44	2.44	4.89	2.46	1
Lighter	0.61	1.43	5.63	5.01	2
edgeX	6.68	6.68	6.77	0.09	3
Extended	2.94	3.07	6.82	3.88	4
Bitunix	6.44	6.44	7.01	0.57	5
BingX	5.83	5.94	8.39	2.56	6
Hyperliquid	5.37	5.65	8.41	3.47	7
Aster	4.87	4.87	8.55	3.68	8
Bybit	6.37	7.23	8.58	2.64	9
NADO	4.33	5.32	8.82	4.88	10
OKX	5.77	6.75	8.83	3.39	11
Binance	5.44	5.94	9.20	3.77	12
BloFin	6.87	7.19	9.31	2.87	13
GRVT	5.81	6.14	10.98	5.61	14
Coinbase	4.09	6.97	12.22	7.91	15
Bitget	6.93	8.42	12.71	6.62	16
Gains	5.08	5.75	12.87	7.87	17
Kraken	7.62	9.44	12.90	4.85	18
GMX	4.00	4.00	13.00	7.00	19
KuCoin	8.88	9.89	13.51	5.02	20
GMTrade	4.40	4.87	13.52	7.52	21
Deribit	5.07	5.94	13.95	8.75	22
HTX	6.69	10.02	14.73	8.32	23
dYdX	29.41	29.41	16.62	5.95	24
Avantis	7.50	9.17	16.88	12.38	25
Phemex	8.18	8.79	17.44	8.82	26
Gate.io	6.75	7.70	17.57	12.13	27
WhiteBIT	10.02	12.73	19.71	10.57	28
Reya	3.20	4.45	31.41	28.41	29
Aevo	14.51	25.41	38.98	25.61	30
Apex Omni	7.18	9.45	70.83	64.95	31
Paradex	1.53	6.71	—	—	—
RISEx	3.70	6.37	—	—	—
Pacifica	4.87	7.48	—	—	—
Hibachi	5.90	16.13	—	—	—
Crypto.com	7.49	11.36	—	—	—
Ostium	8.81	8.81	—	—	—
Bluefin	9.44	11.17	—	—	—
SunX	23.53	32.62	—	—	—

39 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

SOL cost profile and venue coverage

On a $10,000 SOL order, the median fee was 4.50 bps and the median half-spread plus impact was 0.87 bps. The book cost more than the fee on 5 of 39 venues. At $1,000,000, the book cost more than the fee on 23 of 31 venues, with a median book cost of 7.00 bps.

The cheapest SOL order was number 3 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.

SOL top five over time

Number of stored sweeps in which each venue ranked in the top 5 for a $10,000 SOL market buy, methodology v8.
Venue	Top 5, 7 days	Rank 1, 7 days	Median total, 7 days (bps)
Lighter	28 of 28	28	0.83
MEXC	28 of 28	0	2.45
Extended	26 of 28	0	2.95
Reya	23 of 28	0	3.46
RISEx	22 of 28	0	3.65
NADO	11 of 28	0	3.95
GMTrade	1 of 28	0	4.39
GMX	1 of 28	0	9.89

8 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

44 of 46 integrated venues returned a SOL 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 SOL series as CSV, or read the cost methodology. Compare BTC, ETH, XRP, BNB, DOGE and HYPE, or open the all-asset ranking.