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Highest Leverage Crypto Exchange: Real Caps, Pair by Pair
EVEDEX offers 200x on BTC, ETH and SOL for positions up to $50,000 notional, with maintenance margin from 0.4%. Other pairs have caps from 100x to 10x.
EVEDEX leverage at a glance
Leverage terms as of September 15, 2026, from EVEDEX trading terms and fee schedule.
Highest leverage by exchange
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.
| 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 | 2023 guilty plea (AML) |
| Bybit | 150x | BTCUSDT up to $300,000 notional | About $1.5B hack in 2025 |
| GMX | 100x | Platform maximum in GMX docs | Borrowing costs on top; V1 exploit 2025 |
| dYdX | 50x | BTC-USD and ETH-USD | Thin open interest |
| Hyperliquid | 40x | BTC; ETH 25x, SOL 20x | Most alts 3x–10x |
Data as of September 15, 2026: EVEDEX trading terms, Binance, Bybit, dYdX and Hyperliquid market data, GMX docs, CoinGecko; access and incidents: dYdX Help Center, US DOJ, FBI.
Why 200x on EVEDEX is usable
A cap is only useful with margin rules behind it; full terms are on our crypto derivatives page.
Six caps by 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.
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.
Trade with high leverage in three steps
Size leverage by how far price can move, not by the headline cap.
Deposit from 6 USDT
Connect your wallet and deposit USDT margin from 6 USDT. The minimum order is 5 USDT on every pair.
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.
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.
Leverage questions, answered
Among the venues compared here, EVEDEX has the highest cap: 200x on BTC-USD, ETH-USD and SOL-USD up to $50,000 notional. On September 15, 2026, Binance and Bybit capped BTCUSDT at 150x, GMX listed up to 100x, dYdX 50x and Hyperliquid 40x on BTC.
Of the perp DEXs compared here, EVEDEX leads at 200x on BTC, ETH and SOL up to $50,000 notional. GMX documents up to 100x, dYdX allows 50x on BTC-USD and ETH-USD, and Hyperliquid 40x on BTC. Caps change, so check each venue's specifications.
200x, on BTC-USD, ETH-USD and SOL-USD for positions up to $50,000 notional; the cap steps down as size grows. XRP, oil, silver and gold go to 100x, 24 pairs to 75x, 18 to 50x, PIPPIN to 30x and the two pre-market contracts to 10x.
Not on BTC: Binance and Bybit capped BTCUSDT at 150x on September 15, 2026, below EVEDEX's 200x. Their 150x tier runs up to $300,000 notional, while EVEDEX's 200x stops at $50,000, so larger positions keep higher leverage there.
No. At 100x, initial margin is 1% of notional, and liquidation closes the position once equity reaches maintenance margin, 0.4% on BTC-USD up to $50,000. You risk your margin plus a 5% liquidation fee; under cross margin, your whole futures balance backs the position.
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.
Liquidity and volatility. A deep order book absorbs a liquidation without moving the price much, so it supports a higher cap. That is why BTC-USD gets 200x with 0.4% maintenance margin, while ARB-USD is capped at 50x with 1.6%.
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.
