24/7 · Settled on Arbitrum L2
Hybrid Perp DEX
Gasless perpetual trading on a hybrid perp DEX: leverage up to 200x on BTC, ETH and SOL, settlement on Arbitrum, 24/7.
Perp DEX in numbers
Key trading terms from EVEDEX trading terms and fee schedule.
Start trading perpetuals in 3 steps
From wallet to open position in minutes, without traditional KYC.
Connect and deposit
Log in with your wallet and deposit USDT. The first deposit deploys your personal deposit contract on Arbitrum.
Pick a pair and leverage
Margin is notional divided by leverage: 10x on 1,000 USDT reserves 100 USDT. 200x applies only to BTC, ETH and SOL up to $50,000 notional.
Sign and place the order
Every order carries your wallet signature. A 10,000 USDT taker order costs 4.50 USDT; unfilled orders cost nothing.
Perp DEX comparison
Four perp DEXs by design, max leverage and documented drawbacks, EVEDEX first. More venues are in our list of decentralized crypto exchanges; centralized venues are ranked on the best crypto futures exchange page.
| Exchange | How orders match | Max leverage | Drawbacks |
|---|---|---|---|
| EVEDEX | Hybrid: off-chain matching, Arbitrum L2 settlement | Up to 200x on BTC, ETH, SOL | No spot or options; no US, Canada |
| Hyperliquid | Fully on-chain order book on own L1 | 40x on BTC | Most alts 3x–10x |
| dYdX | Validator-run order book on dYdX Chain | 50x on BTC, ETH | Thin open interest |
| GMX | Oracle-priced fills against GM pools | Up to 100x | Borrow fee on open positions |
Sources: EVEDEX trading terms and each venue's documentation.
Why choose EVEDEX as your perpetual DEX
Order-book execution, on-chain settlement, one USDT account. Margin, funding and liquidation rules are on our crypto derivatives page.
No gas per order
Placing, amending and cancelling orders costs nothing on-chain. You pay only fees capped at 0.015% maker and 0.045% taker before cashback, and only when an order executes.
Settlement on Arbitrum L2
Balances, positions, liquidations and funding are recorded on-chain on Arbitrum L2, while the order book and matching engine run off-chain for speed.
One account, 52 markets
Trade crypto, five stocks, gold, silver, WTI oil, EURUSD and USDJPY from one cross-margin USDT balance, 24/7.
Audited smart contracts
CertiK has completed two smart-contract audits for EVEDEX, the latest delivered July 28, 2025. A $500,000 ADL Protection Reserve has run since.
FAQ
A perp DEX, short for perpetual decentralized exchange, is a venue for futures contracts that never expire, with settlement recorded on-chain rather than only in a company ledger. EVEDEX is a hybrid perp DEX: matching runs off-chain and settlement on Arbitrum L2, across 52 perpetual pairs.
No. EVEDEX is hybrid: the order book and matching engine run off-chain, while balances, positions, liquidations and funding are recorded on-chain on Arbitrum L2. A fully on-chain book processes every order on its chain; on EVEDEX, placing and cancelling orders carries no gas cost.
Each deposit goes to a personal deposit contract on Arbitrum. The contract can transfer only to a pre-specified bridge, which credits your USDT margin balance after an AML check. The minimum deposit is 6 USDT; network costs and the one-time contract creation are deducted from the amount you send.
It depends on the 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, 30x on PIPPIN and 10x on pre-market contracts (EVEDEX trading terms).
Fees are capped at 0.015% maker and 0.045% taker before cashback and apply only to executed orders. Cashback of up to 35% on your own trades lowers the effective rates to 0.00975% maker and 0.02925% taker. Orders carry no gas cost.
Funding is calculated every 8 hours per pair and charged hourly at one eighth of the rate, passing directly between longs and shorts. When the perpetual trades above the index price, longs pay shorts; below it, shorts pay longs. EVEDEX itself takes no side in the payment.
A margin call fires first at 80% margin utilisation and lifts at 60%. If equity falls below maintenance margin, which starts at 0.4% of notional on BTC-USD up to $50,000, the engine closes the position at the mark price and charges a 5% liquidation fee.
All 52 pairs are perpetual futures: 39 crypto pairs, five stocks (TSLA, COIN, MSTR, CRCL, SPCX), Tether Gold, silver, WTI oil, EURUSD, USDJPY, the SPY index and two pre-market contracts, ANTHROPIC and OPENAI. Every pair trades 24/7 from one USDT margin account.
