Loading...
Loading...
Decentralized perpetual futures — trade with leverage, no KYC
Hyperliquid L1
OI $4.2B
Up to 50× leverage
Details →
dYdX Chain (Cosmos)
OI $820M
Up to 20× leverage
Details →
Arbitrum, Avalanche
OI $390M
Up to 100× leverage
Details →
Arbitrum, Polygon
OI $180M
Up to 150× leverage
Details →
Base, Optimism
OI $320M
Up to 25× leverage
Details →
Solana
OI $280M
Up to 20× leverage
Details →
Arbitrum, Blast, Mantle
OI $210M
Up to 20× leverage
Details →
StarkEx (L2)
OI $95M
Up to 30× leverage
Details →
Optimism, Base
OI $85M
Up to 50× leverage
Details →
BSC, Arbitrum
OI $65M
Up to 30× leverage
Details →
| Protocol | Maker Fee | Taker Fee | Funding | Max Lev | KYC |
|---|---|---|---|---|---|
| Hyperliquid | -0.02% | 0.05% | Market | 50× | No |
| dYdX | -0.02% | 0.05% | Market | 20× | Geo-restricted |
| GMX v2 | 0.05% | 0.07% | Market | 100× | No |
| Gains | 0.06% | 0.06% | Rollover | 150× | No |
| Synthetix | -0.02% | 0.06% | Market | 25× | No |
| Drift | -0.01% | 0.05% | Market | 20× | No |
Funding rate differentials between Hyperliquid and Binance Perpetuals create recurring arbitrage opportunities. When Hyperliquid BTC funding is +0.04%/8h and Binance funding is +0.01%/8h, traders can go short on Hyperliquid and long on Binance, earning the 0.03% spread every 8 hours (approx 3.3% monthly) with near-zero directional risk.
⚠ Funding rate arbitrage requires margin on both platforms, collateral transfer costs, and active monitoring. Rates can flip rapidly, and liquidation risk exists on both legs simultaneously.