{
  "title": "Crypto Perps Ledger",
  "version": "0.1.0",
  "release_status": "provisional (v0, not yet human-checked)",
  "as_of": "2026-10-16",
  "firms_in_ledger": 13,
  "firms_read": 11,
  "firms_not_read": [
    "Bybit",
    "Gate"
  ],
  "claims_checked": 64,
  "claims_verified": 64,
  "claims_read_by_hand": 0,
  "sources_fetched": 51,
  "sources_ok": 46,
  "sources_blocked_or_failed": [
    "bybit-fees",
    "bybit-terms",
    "dydx-fees2",
    "gate-fees",
    "gate-terms"
  ],
  "read_from": "United States network address, 2026-10-16",
  "licence": "CC BY 4.0",
  "headline": "As of 16 October 2026, the median entry-tier taker fee on perpetual futures, across the 8 venues whose own pages state one, is 0.05% of the trade's value. We read the pages of 11 of the 13 venues in the ledger; 2 blocked or did not answer our reader.",
  "headline_basis": "measured fees (each venue's own fee page, saved and hashed on the check date); the median is judged arithmetic over the stated entry-tier taker fee",
  "median_taker_fee_pct": 0.05,
  "taker_fee_by_venue": [
    {
      "venue": "MEXC",
      "taker_fee_pct": 0.02
    },
    {
      "venue": "Deribit",
      "taker_fee_pct": 0.035
    },
    {
      "venue": "Hyperliquid",
      "taker_fee_pct": 0.045
    },
    {
      "venue": "Binance",
      "taker_fee_pct": 0.05
    },
    {
      "venue": "BingX",
      "taker_fee_pct": 0.05
    },
    {
      "venue": "Kraken",
      "taker_fee_pct": 0.05
    },
    {
      "venue": "dYdX",
      "taker_fee_pct": 0.05
    },
    {
      "venue": "KuCoin",
      "taker_fee_pct": 0.06
    }
  ],
  "notes": [
    "Data only. 'Not stated' means the venue's pages we read do not say. It is not a finding either way.",
    "Fees are the entry tier for a regular account; volume tiers and token discounts lower them.",
    "Who can use a venue is shown only as the venue states it. Check the law where you live."
  ]
}