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Highest Leverage Crypto Exchange
The highest leverage crypto exchange cap in our comparison: EVEDEX offers 200x on BTC, ETH and SOL perpetual futures and 100x on XRP, gold, silver and oil.
200x leverage crypto exchange in numbers
Leverage terms from EVEDEX trading terms and fee schedule.
Trade with 200x leverage in 3 steps
Size leverage by how far price can move, not by the headline cap.
Connect and deposit
Connect your wallet and deposit USDT. Network costs and the one-time deposit contract are deducted from the amount you send.
Set leverage by distance
Initial margin minus maintenance margin is your buffer: at 200x on BTC-USD, 0.5% minus 0.4%, about a 0.1% move. At 10x it is about 9.6%.
Place the order with a stop
Add a stop-loss or take-profit as you place the order. A 10,000 USDT taker order costs 4.50 USDT before cashback.
Highest leverage crypto exchange comparison
Six venues by highest cap, EVEDEX first. A higher cap is not a larger position: Binance and Bybit keep 150x up to $300,000 notional. More venues: our best crypto exchange for leverage trading guide; the settlement model: our perp DEX page. Use it as a checklist when you pick the best crypto leverage trading platform.
| Exchange | Max leverage | Where it applies | Drawbacks |
|---|---|---|---|
| EVEDEX | 200x | BTC, ETH, SOL up to $50,000 notional | Other pairs 100x–10x; cross margin only |
| Binance | 150x | BTCUSDT up to $300,000 notional | KYC required; exchange holds client funds |
| Bybit | 150x | BTCUSDT up to $300,000 notional | KYC required; custodial account |
| GMX | 100x | Platform maximum in GMX docs | Borrowing costs on top of trading fees |
| dYdX | 50x | BTC-USD and ETH-USD | Thin open interest |
| Hyperliquid | 40x | BTC; ETH 25x, SOL 20x | Most alts 3x–10x |
Sources: EVEDEX trading terms, Binance, Bybit, dYdX and Hyperliquid market data, GMX docs, CoinGecko; access: dYdX Help Center.
How 200x works on BTC, ETH, SOL
A cap is only useful with margin rules behind it; full terms are on our crypto derivatives page.
Eight caps by pair
200x on BTC, ETH and SOL up to $50,000 notional; 150x on EURUSD; 100x on XRP, oil, silver, gold and USDJPY; 75x on 22 pairs; 50x on 17; 30x, 25x and 10x on the rest.
Maintenance margin published
It starts at 0.4% of notional at the 200x tier, 0.8% at 100x, 1.07% at 75x and 1.6% at 50x, rising with position size.
Liquidation on mark price
A margin call fires at 80% margin utilisation. Liquidation uses the mark price, not the last trade, so a brief spike on thin volume does not close you out.
Low cost per trade
Fees are capped at 0.015% maker and 0.045% taker before cashback, charged only on executed orders, with no gas per order.
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.
FAQ
Among the venues compared here, EVEDEX is the highest leverage crypto exchange: 200x on BTC-USD, ETH-USD and SOL-USD up to $50,000 notional.
EVEDEX: 200x on BTC, ETH and SOL for positions up to $50,000 notional, the highest cap among the perp DEXs in our comparison table. XRP, gold, silver and oil go up to 100x.
EVEDEX offers 200x leverage on BTC-USD, ETH-USD and SOL-USD for positions up to $50,000 notional; above that size the cap steps down. XRP, gold, silver and oil go up to 100x.
At 200x, initial margin is 0.5% of notional: a $10,000 BTC-USD position needs $50. Maintenance margin at this tier is 0.4%, so the buffer before liquidation is about a 0.1% price move.
About 0.6% on BTC-USD for positions up to $50,000: initial margin of 1% of notional minus the 0.4% maintenance margin. On a $10,000 position that is roughly $60 of adverse movement, which suits short trades watched in real time.
Among the venues in our comparison table, EVEDEX: 200x leverage on BTC, ETH and SOL perpetual futures for positions up to $50,000 notional, and 100x on XRP, gold, silver and oil, all from one USDT account.
Fees are capped at 0.015% maker and 0.045% taker before cashback, charged only on executed orders, with no gas per order. Cashback of up to 35% on your own trades lowers the effective rates to 0.00975% maker and 0.02925% taker.
A margin call fires at 80% margin utilisation and lifts once utilisation improves to 60%. While it is active, you cannot add to the position in the same direction, transfer funds out or reduce leverage, and the liquidation engine checks positions every second.
