Crypto perps compared: fees, leverage and funding
Perpetual futures are crypto contracts with no expiry date, held open by a funding payment between buyers and sellers. Here is what each venue charges and allows, in its own words. Leverage multiplies losses as well as gains.
- Venues read
- 11of 13 in the ledger measured
- Median taker fee
- 0.05%entry tier, 8 venues judged
- Lowest taker fee
- 0.02%MEXC measured
- Highest stated leverage
- 500xon the venue's biggest markets measured
The median entry-tier taker fee on crypto perpetual futures was 0.05% of the trade's value across 8 venues on 16 October 2026 (judged), according to TradingLookup's Crypto Perps Ledger (Oct 2026).
Fees, leverage and access, venue by venue
Every venue, in its own words
MEXC
- Type of venue
- centralised exchange
On MEXC, perpetual Futures trading fees are
· mexc.com, read - Maker fee
- 0.00%
On MEXC, perpetual Futures trading fees are: 0.00% for Makers and 0.02% for Takers.
· mexc.com, read - Taker fee
- 0.02%
On MEXC, perpetual Futures trading fees are: 0.00% for Makers and 0.02% for Takers.
· mexc.com, read - Maximum leverage
- 500x
MEXC futures support leverage from 1× to 500×
· mexc.com, read - Funding paid
- Not stated on the pages we read
- Margin in
- Not stated on the pages we read
- Perpetual markets
- Not stated on the pages we read
- US access
- Not stated on the pages we read
- UK access
- Not stated on the pages we read
- Restricted countries
- Not stated on the pages we read
- ID check (KYC)
- Not stated on the pages we read
- Company
- Not stated on the pages we read
- Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
Deribit
- Type of venue
- centralised exchange
Quick links to both the exchange and to our KB articles.
· support.deribit.com, read - Maker fee
- 0.015% (1.5 bps)
The table below shows perpetuals and futures fees in basis points (maker/taker).
…Standard
…1.5 / 3.5
· support.deribit.com, read - Taker fee
- 0.035% (3.5 bps)
The table below shows perpetuals and futures fees in basis points (maker/taker).
…Standard
…1.5 / 3.5
· support.deribit.com, read - Maximum leverage
- Not stated on the pages we read
- Funding paid
- Not stated on the pages we read
- Margin in
- Not stated on the pages we read
- Perpetual markets
- Not stated on the pages we read
- US access
- no (stated: United States on restricted list)
are not allowed if you are located, incorporated or otherwise established in, or a resident of, any of the jurisdictions in the overview below
…Virgin Islands (U.S.)
· support.deribit.com, read - UK access
- professional clients only (stated: United Kingdom, retail clients not allowed)
United Kingdom (Retail Clients not allowed)
· support.deribit.com, read - Restricted countries
- Restricted: incl. US, Canada, Japan, Russia, Belarus, Iran, North Korea, Cuba; UK retail; UAE and Panama retail spot only (full list on page)
Central African Republic
…Iraq Japan Democratic People's Republic of Korea
…United Kingdom (Retail Clients not allowed)
…United Arab Emirates (Retail Investors may only trade spot products)
· support.deribit.com, read - ID check (KYC)
- Not stated on the pages we read
- Company
- Not stated on the pages we read
- Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
Hyperliquid
- Type of venue
- decentralised exchange (on-chain)
Hyperliquid, a decentralized, permissionless, and community-driven blockchain
· app.hyperliquid.xyz, read - Maker fee
- 0.015%
Perps fee tiers
…Maker 0 0.045% 0.015% 0.0270% 0.0090%
· hyperliquid.gitbook.io, read - Taker fee
- 0.045%
Perps fee tiers
…Maker 0 0.045% 0.015% 0.0270% 0.0090%
· hyperliquid.gitbook.io, read - Maximum leverage
- 40x (BTC); lower for other assets
BTC Notional Position Value (USDC) Max Leverage 0-150M 40 >150M 20
· hyperliquid.gitbook.io, read - Funding paid
- every hour
The funding rate on Hyperliquid is paid every hour.
· hyperliquid.gitbook.io, read - Margin in
- USDC
USDC margining, USDT denominated linear contracts
· hyperliquid.gitbook.io, read - Perpetual markets
- Not stated on the pages we read
- US access
- no (stated: US persons are Restricted Persons for the interface)
Restricted Persons include: (a) persons or entities who reside in, are located in, are incorporated in, or have a registered office in the United States of America or Ontario, Canada
· app.hyperliquid.xyz, read - UK access
- Not stated on the pages we read
- Restricted countries
- Restricted: US, Ontario (Canada), sanctioned jurisdictions and their citizens (interface terms)
the United States of America or Ontario, Canada
…jurisdictions subject to applicable economic and trade sanctions or export control laws
· app.hyperliquid.xyz, read - ID check (KYC)
- Not stated on the pages we read
- Company
- Hyperliquid Corp. (interface provider; does not operate the chain)
The Interface is made available by Hyperliquid Corp.
…The Company does not own, control, or operate Hyperliquid
· app.hyperliquid.xyz, read - Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
Binance
- Type of venue
- centralised exchange
USDS-M Perpetual Futures
· binance.com, read - Maker fee
- 0.02%
For example, a Regular User's maker fee is 0.02% and a Regular User’s taker fee is 0.05%
…BTCUSDT USDS-M Perpetual Futures
· binance.com, read - Taker fee
- 0.05%
For example, a Regular User's maker fee is 0.02% and a Regular User’s taker fee is 0.05%
…BTCUSDT USDS-M Perpetual Futures
· binance.com, read - Maximum leverage
- Not stated on the pages we read
- Funding paid
- every 8 hours by default (some symbols 1 hour)
The default funding interval is every 8 hours at 00:00 (UTC), 08:00 (UTC), and 16:00 (UTC).
· binance.com, read - Margin in
- Not stated on the pages we read
- Perpetual markets
- Not stated on the pages we read
- US access
- Not stated on the pages we read
- UK access
- Not stated on the pages we read
- Restricted countries
- Not stated on the pages we read
- ID check (KYC)
- Not stated on the pages we read
- Company
- Not stated on the pages we read
- Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
BingX
- Type of venue
- centralised exchange
USDⓢ-M Perp FuturesAdvanced trading settled in USDⓢ
· bingx.com, read - Maker fee
- 0.02%
BingX Perpetual Futures Fee: 0.02%
· bingx.com, read - Taker fee
- 0.05%
BingX Perpetual Futures Fee: 0.05%
· bingx.com, read - Maximum leverage
- Not stated on the pages we read
- Funding paid
- Not stated on the pages we read
- Margin in
- Not stated on the pages we read
- Perpetual markets
- Not stated on the pages we read
- US access
- Not stated on the pages we read
- UK access
- Not stated on the pages we read
- Restricted countries
- Not stated on the pages we read
- ID check (KYC)
- Not stated on the pages we read
- Company
- Not stated on the pages we read
- Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
dYdX
- Type of venue
- decentralised exchange (on-chain)
The Services use open-source software ("dYdX Software") developed by dYdX Trading Inc.
· dydx.trade, read - Maker fee
- 0.01% (1.0 bps)
Tier 30d Trailing Volume Taker (bps) Maker (bps) 1 < $1M 5.0 1.0
· docs.dydx.xyz, read - Taker fee
- 0.05% (5.0 bps)
Tier 30d Trailing Volume Taker (bps) Maker (bps) 1 < $1M 5.0 1.0
· docs.dydx.xyz, read - Maximum leverage
- Not stated on the pages we read
- Funding paid
- every hour
funding fees, which are paid or received every hour
· docs.dydx.xyz, read - Margin in
- USDC
incorporates the quote asset (USDC) balance of the account
· docs.dydx.xyz, read - Perpetual markets
- Not stated on the pages we read
- US access
- no (stated: US persons are Blocked Persons for dYdX perpetuals)
NOT AVAILABLE TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE OR PRINCIPAL PLACE OF BUSINESS IN THE UNITED STATES OF AMERICA, THE UNITED KINGDOM OR CANADA
· dydx.trade, read - UK access
- no (stated: UK persons are Blocked Persons for dYdX perpetuals)
IN THE UNITED STATES OF AMERICA, THE UNITED KINGDOM OR CANADA (COLLECTIVELY, "BLOCKED PERSONS")
· dydx.trade, read - Restricted countries
- Restricted for perps: US, UK, Canada, plus sanctioned jurisdictions (full terms on page)
THE UNITED STATES OF AMERICA, THE UNITED KINGDOM OR CANADA (COLLECTIVELY, "BLOCKED PERSONS")
· dydx.trade, read - ID check (KYC)
- Not stated on the pages we read
- Company
- dYdX Operations Services Limited (front-end operator)
entered into by and between you (as defined below) and dYdX Operations Services Limited
· dydx.trade, read - Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
Kraken
- Type of venue
- centralised exchange
Kraken Derivatives (non-US) allows clients to trade perpetual futures
· support.kraken.com, read - Maker fee
- 0.02%
Futures Maker (%)Futures Taker (%)
…Tier 1< $5M$0+N/A0.02%0.05%
· kraken.com, read - Taker fee
- 0.05%
Futures Maker (%)Futures Taker (%)
…Tier 1< $5M$0+N/A0.02%0.05%
· kraken.com, read - Maximum leverage
- Not stated on the pages we read
- Funding paid
- Not stated on the pages we read
- Margin in
- Not stated on the pages we read
- Perpetual markets
- Not stated on the pages we read
- US access
- separate US product only (stated: US clients use Kraken Derivatives US, futures on US exchanges such as CME and Bitnomial)
Kraken Derivatives US is only available to clients in the United States.
…futures and spot margin products offered on U.S. exchanges such as the CME and Bitnomial
· support.kraken.com, read - UK access
- professional clients only (stated)
is only available to clients who meet the criteria for categorisation as a Professional Client under Chapter 3 of the Conduct of Business Sourcebook
· support.kraken.com, read - Restricted countries
- Restricted: incl. Australia (wholesale only), Canada, New Zealand, UK (professional only), Russia, Belarus, Iran, North Korea, Cuba (full list on page)
Kraken Derivatives is not available to clients in the regions listed below:
…New Zealand
…United Kingdom**
· support.kraken.com, read - ID check (KYC)
- yes (stated: full verification required)
Personal clients: Full verification of your account
· support.kraken.com, read - Company
- Crypto Facilities Limited arranges UK access (FRN 757895); US: NinjaTrader Clearing LLC d/b/a Kraken Derivatives US
access to derivatives trading is arranged by Crypto Facilities Limited (FRN: 757895)
…provided by NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US
· support.kraken.com, read - Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- US arm: CFTC-registered FCM and NFA member (NFA ID 0309379)
registered with the Commodity Futures Trading Commission ("CFTC") as a futures commission merchant ("FCM") and is a National Futures Association ("NFA") Member (NFA ID: 0309379)
· support.kraken.com, read - Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
KuCoin
- Type of venue
- centralised exchange
USDⓈ-Margined Futures
· kucoin.com, read - Maker fee
- 0.02%
VIP 0: The standard entry-level fee of 0.02% (Maker) – 0.06% (Taker).
· kucoin.com, read - Taker fee
- 0.06%
VIP 0: The standard entry-level fee of 0.02% (Maker) – 0.06% (Taker).
· kucoin.com, read - Maximum leverage
- Not stated on the pages we read
- Funding paid
- Not stated on the pages we read
- Margin in
- Not stated on the pages we read
- Perpetual markets
- Not stated on the pages we read
- US access
- no (stated: US is a Restricted Location)
“Restricted Locations” shall include the United States
· kucoin.com, read - UK access
- UK not on restricted list
“Restricted Locations” shall include the United States (including its territories such as Puerto Rico, Guam, the Northern Mariana Islands, American Samoa, etc), Singapore, the mainland of China and Hong Kong, Malaysia, Kazakhstan, Uzbekistan, Ontario, and British Columbia of Canada, France, Netherlands
· kucoin.com, read - Restricted countries
- Restricted: incl. US, Singapore, mainland China, Hong Kong, Malaysia, Kazakhstan, Uzbekistan, Ontario, British Columbia, France, Netherlands, occupied Ukraine regions (full list on page)
Singapore, the mainland of China and Hong Kong, Malaysia, Kazakhstan, Uzbekistan, Ontario, and British Columbia of Canada, France, Netherlands
· kucoin.com, read - ID check (KYC)
- Not stated on the pages we read
- Company
- Not stated on the pages we read
- Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
Bitget
- Type of venue
- centralised exchange
Futures fee rates
· bitget.com, read - Maker fee
- Not stated on the pages we read
- Taker fee
- Not stated on the pages we read
- Maximum leverage
- Not stated on the pages we read
- Funding paid
- Not stated on the pages we read
- Margin in
- Not stated on the pages we read
- Perpetual markets
- Not stated on the pages we read
- US access
- Not stated on the pages we read
- UK access
- Not stated on the pages we read
- Restricted countries
- Not stated on the pages we read
- ID check (KYC)
- Not stated on the pages we read
- Company
- Not stated on the pages we read
- Where it is based
- Not stated on the pages we read
- Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
Coinbase
- Type of venue
- centralised exchange (Coinbase global perpetuals via Coinbase Advanced, non-US; broker Coinbase Bermuda)
Available via Coinbase Advanced for retail traders in eligible non-US jurisdictions.
· coinbase.com, read - Maker fee
- Not stated on the pages we read
- Taker fee
- Not stated on the pages we read
- Maximum leverage
- 50x
Trade with up to 50x leverage
· coinbase.com, read - Funding paid
- Not stated on the pages we read
- Margin in
- USDC, BTC, ETH or other accepted collateral
Transfer USDC, BTC, ETH, or other accepted collateral to your Global Derivatives portfolio.
· help.coinbase.com, read - Perpetual markets
- Not stated on the pages we read
- US access
- no for global perps (stated: only outside the US; US has a separate experience)
Global Derivatives trading is currently only available to eligible customers in select regions outside the United States.
· help.coinbase.com, read - UK access
- Not stated on the pages we read
- Restricted countries
- Not stated on the pages we read
- ID check (KYC)
- Not stated on the pages we read
- Company
- Coinbase Bermuda Limited (CBBM); UK arranger CB Payments Ltd
derivatives products and related brokerage and custody services are offered by Coinbase Bermuda Limited (CBBM)
…For customers in the UK, your derivatives arranger services are provided by CB Payments Ltd (CBPL)
· help.coinbase.com, read - Where it is based
- Bermuda
its registered office is Park Place, 55 Par La Ville Road, Hamilton HM11, Bermuda
· help.coinbase.com, read - Regulatory status, as the firm states it
- Bermuda Monetary Authority Class F digital asset business licence (CBBM)
CBBM is regulated by the Bermuda Monetary Authority (BMA) and holds a Class F digital asset business licence
· help.coinbase.com, read - Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
OKX
- Type of venue
- centralised exchange
Futures, Options, Index Tracker and Margin Lending offered by Aux Cayes FinTech Co. Ltd., a Seychelles registered company.
· okx.com, read - Maker fee
- Not stated on the pages we read
- Taker fee
- Not stated on the pages we read
- Maximum leverage
- Not stated on the pages we read
- Funding paid
- Not stated on the pages we read
- Margin in
- Not stated on the pages we read
- Perpetual markets
- Not stated on the pages we read
- US access
- separate US entity for approved US locations; certain US jurisdictions and all US territories restricted (stated)
certain jurisdictions within the United States of America including all U.S. territories
· okx.com, read - UK access
- restricted for derivatives (stated: OKX may restrict UK derivatives-related services)
the United Kingdom (specifically regarding our derivatives-related, cefi-related, and P2P services)
· okx.com, read - Restricted countries
- Restricted: incl. Afghanistan, Canada, Cuba, Hong Kong, Iran, India, Japan, Malaysia, Nepal, North Korea, Syria, Uzbekistan, certain US jurisdictions; derivatives limited in Australia, Brazil, South Korea, UK (full list on page)
Restricted Locations, which at this time include Afghanistan, Canada, Cuba, Hong Kong, Iran, India, Japan, Malaysia, Nepal, North Korea, Syria
· okx.com, read - ID check (KYC)
- Not stated on the pages we read
- Company
- Aux Cayes FinTech Co. Ltd. (futures); OKX Inc. for approved US locations
Futures, Options, Index Tracker and Margin Lending offered by Aux Cayes FinTech Co. Ltd., a Seychelles registered company.
…OKX INC., a Delaware corporation (“OKX US”)
· okx.com, read - Where it is based
- Seychelles (futures entity)
Aux Cayes FinTech Co. Ltd., a Seychelles registered company
· okx.com, read - Regulatory status, as the firm states it
- Not stated on the pages we read
- Proof of reserves
- Not stated on the pages we read
- Insurance fund
- Not stated on the pages we read
How we read them
Our script saved each venue's own fee schedule, contract, funding and terms pages on 16 October 2026 and kept a fingerprint of each. A value is shown only if the venue's exact words are in the page we saved; anything else says "not stated". Where a venue blocks our reader we record it and move on. Whether you may use a venue depends on the law where you live: check it before you use one. 64 of 64 quoted facts checked out word for word.
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