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Crypto Derivatives on EVEDEX: Perpetual Futures 24/7
EVEDEX lists one crypto derivative, the perpetual future: 52 pairs across crypto, stocks, metals, oil and forex, with 200x on BTC, ETH and SOL up to $50,000 notional.
EVEDEX derivatives at a glance
Contract terms as of September 15, 2026, from EVEDEX trading terms and fee schedule.
Crypto derivatives exchanges compared
Five derivatives venues by contracts, BTC leverage and size, EVEDEX first. How the hybrid model settles trades is on the perp DEX page; futures and perpetuals are explained in our crypto derivatives trading guide.
| Exchange | Derivatives listed | BTC max leverage | Open interest; 24h volume | Drawbacks |
|---|---|---|---|---|
| EVEDEX | 52 perpetuals, including stocks, gold and FX | 200x on BTC, ETH, SOL up to $50,000 notional | $678.6M; $647.6M | No dated futures, options or spot |
| Binance | 589 perpetual and 204 dated pairs, plus options | 150x up to $300,000 notional | $31.6B; $65.6B | 2023 guilty plea (AML) |
| Bybit | 860 perpetual and 77 dated pairs, plus options | 150x up to $300,000 notional | $12.2B; $15.8B | About $1.5B hack in 2025 |
| Deribit | 57 perpetual and 77 dated pairs, plus options | 50x on BTC-PERPETUAL | $2.27B; $0.78B | Small perpetual lineup; BTC contracts settle in BTC |
| Hyperliquid | 404 perpetual pairs, no dated futures | 40x on BTC | $14.18B; $9.54B | Most alts 3x–10x |
Data as of September 15, 2026: CoinGecko derivatives at BTC $76,888; leverage and options from EVEDEX, Binance, Bybit, Deribit and Hyperliquid market data; incidents: US DOJ, FBI.
Derivatives rules, published in full
Leverage, funding and liquidation follow documented numbers, not discretionary decisions.
Leverage set per pair
200x on BTC, ETH and SOL up to $50,000 notional; 100x on XRP, oil, silver and gold; 75x on 24 pairs; 50x on 18; 30x and 10x on the rest.
Funding every 8 hours
Funding keeps each perpetual near its index price. The rate is calculated every 8 hours per pair and charged hourly at one eighth.
Cross margin, mark price
The whole futures balance backs every position. Liquidation uses the mark price, a margin call fires at 80% utilisation, and a 5% liquidation fee applies at close.
Backstops for liquidations
If a position cannot close at its bankruptcy price, auto-deleveraging settles the shortfall. A $500,000 ADL Protection Reserve has reduced those cases since July 18, 2026.
Open a derivatives position in three steps
From wallet to position without traditional KYC.
Deposit USDT margin
Connect a wallet and deposit from 6 USDT. Instead of traditional KYC, each deposit passes an AML screening with Chainalysis.
Choose pair and leverage
Initial margin is notional divided by leverage: 10x on 1,000 USDT reserves 100 USDT. Check the pair's cap and maintenance margin before sizing.
Place and protect the order
Use market, limit, stop-limit or TP/SL orders. Fat-finger protection and a slippage limit block fills far from the expected price.
Risk warning
Perpetual futures carry a high risk of loss: at 100x, a 1% move against you equals your initial margin, and under cross margin your whole futures balance is at risk. EVEDEX is not intended for UK retail clients. This page is not investment advice.
Crypto derivatives questions, answered
Crypto derivatives are contracts that take their value from an underlying asset, such as futures, perpetual futures and options. EVEDEX lists one type: the perpetual future, a contract with no expiry held open by funding payments between longs and shorts, across 52 pairs.
Perpetual futures only, on 52 pairs: 39 crypto pairs, five stocks, Tether Gold, silver, WTI oil, EURUSD, USDJPY, the SPY index and two pre-market contracts. CoinGecko listed no dated futures for EVEDEX on September 15, 2026, and there are no options.
Expiry. A dated future settles on a fixed date and must be rolled into the next contract. A perpetual has no expiry and uses funding instead, calculated every 8 hours per pair on EVEDEX, to keep its price near the index. EVEDEX lists perpetuals only.
Six caps apply by pair: 200x on BTC-USD, ETH-USD and SOL-USD up to $50,000 notional, 100x on XRP, oil, silver and gold, 75x on 24 pairs, 50x on 18 pairs, 30x on PIPPIN and 10x on pre-market contracts (EVEDEX trading terms, September 15, 2026).
Maintenance margin is the share of notional your equity must hold to keep a position open. On EVEDEX it starts at 0.4% on BTC, ETH and SOL up to $50,000, 0.8% on 100x pairs, 1.07% at 75x and 1.6% at 50x, rising with position size.
Fees are capped at 0.015% maker and 0.045% taker before cashback, charged only on executed orders and with no gas per order. Cashback of up to 35% on your own trades lowers the effective rates to 0.00975% and 0.02925%.
The rate combines a premium index, its 8-hour moving average and an interest-rate component. It is calculated every 8 hours per pair and charged hourly at one eighth. Longs pay shorts when the perpetual trades above the index price, and shorts pay longs when it trades below.
Liquidation starts when trading balance plus unrealized P&L falls to the total maintenance margin of open positions. A margin call fires first at 80% utilisation and lifts at 60%. The engine uses the mark price and charges a 5% liquidation fee.
Auto-deleveraging is a backstop for illiquid markets. If the liquidation engine cannot close a position at or above its bankruptcy price, opposing positions are reduced to settle the shortfall. Since July 18, 2026, a $500,000 ADL Protection Reserve reduces cases where profitable positions are deleveraged.
