Headline fees are only the first filter. Compare maker and taker snapshots across the tracked venue set, then include spread, price impact, funding, holding time, and liquidation risk before deciding where a trade actually belongs.
Zero headline rate
Variational, Lighter, Lighter RH
Snapshot only; spreads and funding can still create cost.
Better decision
Use your size and hold time
The same venue can be cheapest for a maker and expensive for a market taker.
Next step
Estimate total cost
Use the calculator before connecting a wallet or increasing leverage.
| Venue | Maker | Taker | Token / program context | Use next |
|---|---|---|---|---|
| Hyperliquid | 0.015% | 0.045% | HYPE · No new season confirmed | Read evidence → |
| Aster | 0.005% | 0.04% | ASTER · Stage 5 (token live) | Read evidence → |
| Bulk | Phase / tier | Phase / tier | — · Ranked Aura | Read evidence → |
| Variational | 0% | 0% | — · Active | Read evidence → |
| edgeX | 0.012% | 0.038% | EDGE · Ended at TGE | Read evidence → |
| Lighter | 0% | 0% | LIT · No new season confirmed | Read evidence → |
| GRVT | -0.0001% | 0.045% | GRVT · Season 2.0 (token live) | Read evidence → |
| StandX | 0.01% | 0.04% | — · Active | Read evidence → |
| tradeXYZ | 0.003% | 0.009% | — · No confirmed program | Read evidence → |
| Pacifica | 0.015% | 0.04% | — · Active | Read evidence → |
| ApeX | 0.02% | 0.05% | APEX · Not active | Read evidence → |
| Lighter RH | 0% | 0% | — · — | Read evidence → |
| Extended | 0% | 0.025% | — · Points; token unconfirmed | Read evidence → |
| Nado | 0.01% | 0.035% | — · INK claim unresolved | Read evidence → |
| Gains | 0.035% | 0.035% | GNS · Not active | Read evidence → |
| QFEX | 0.05% | 0.1% | — · — | Read evidence → |
| Avantis | 0.06% | 0.06% | AVNT · Season 3 ended | Read evidence → |
| Reya | 0.03% | 0.03% | REYA · Season 2: 3% brand-stated | Read evidence → |
| Arcus | 0.015% | 0.045% | — · Season 1 points | Read evidence → |
| RISEx | 0.01% | 0.03% | — · Ignite Season 1 | Read evidence → |
| TXFlow | 0.015% | 0.045% | — · Season 1 announced | Read evidence → |
| Decibel | 0.011% | 0.034% | — · Active | Read evidence → |
| Boros | dynamic | dynamic | — · Not active | Verify official terms |
| GMX | 0.04% | 0.06% | GMX · Not active | Verify official terms |
| Popdex | 0.01% | 0.032% | — · — | Verify official terms |
| Ondo Perps | 0.015% | 0.035% | — · No confirmed program | Read evidence → |
| Perpl | 0.019% | 0.05% | — · No confirmed program | Read evidence → |
| Vest | 0.01% | 0.01% | — · No confirmed program | Verify official terms |
| Rho | dynamic | dynamic | — · No confirmed program | Verify official terms |
| Phoenix | 0.005% | 0.035% | — · — | Verify official terms |
| dYdX | 0.01% | 0.05% | DYDX · Not active | Verify official terms |
| Paradex | 0% retail | 0% retail | DIME · Season 3 XP | Read evidence → |
| Katana Perps | 0.0047% | 0.019% | — · — | Verify official terms |
| Entropy | 0.003% | 0.009% | — · — | Verify official terms |
| Bullet | 0.01% | 0.04% | — · — | Verify official terms |
| Hibachi | 0% | 0.045% | — · Open confirmed | Read evidence → |
| Markets | 0.038% | 0.0431% | KNTQ · Not active | Verify official terms |
| Aftermath | -0.005% | 0.045% | — · — | Verify official terms |
| 01 | 0.01% | 0.035% | — · No confirmed program | Verify official terms |
| Hello | 0% | 0.02% | — · — | Verify official terms |
| Hotstuff | -0.002% | 0.025% | — · Deadline passed | Read evidence → |
| Meridian | 0% | 0.03% | — · No confirmed program | Verify official terms |
| HYENA | 0.0167% | 0.05% | — · Delisted (wound down Sep 2026) | Verify official terms |
A fee field is a snapshot, not a promise. Account tier, pair, order type, campaign, spread, funding interval, and jurisdiction can change the result. A missing value remains unknown rather than being estimated.
The round-trip cost of a perpetual position can include opening and closing fees, spread, price impact, funding transfers, borrowing or position fees, bridge or withdrawal costs, and the loss caused by liquidation. Maker and taker rates are useful inputs, but they are not a complete answer.
Use the perp trading-cost calculator for a transparent scenario estimate. For a venue decision, combine that result with the head-to-head comparison library and the venue's official terms.
A zero maker or taker rate can coexist with a wide quote, embedded RFQ spread, delayed execution, funding drag, shallow depth, or a position fee. Treat “zero fee” as a question to investigate, not as the final ranking criterion.
Referral discounts belong in the cost model only when the code, user benefit, eligibility, and current terms have been verified. If a venue is a good fit, use the venue-specific access path on its review or decision page; never choose a leveraged product solely for an incentive.
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