24/7 · Settled on Arbitrum L2
Perp DEX with Off-Chain Speed and Arbitrum Settlement
EVEDEX is a hybrid perp DEX: orders match off-chain and settle on Arbitrum L2. Trade 52 perpetual pairs 24/7, with 200x on BTC, ETH and SOL up to $50,000 notional.
EVEDEX perp DEX at a glance
Key trading terms as of September 15, 2026, from EVEDEX trading terms and fee schedule.
Perp DEX comparison: how the leading venues work
Four perp DEXs by design, size 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 | Open interest; pairs | Drawbacks |
|---|---|---|---|
| EVEDEX | Hybrid: off-chain matching, Arbitrum L2 settlement | $678.6M; 52 perpetual pairs | No spot or options; no US, Canada |
| Hyperliquid | Fully on-chain order book on own L1 | $14.18B; 404 perpetual pairs | Most alts 3x–10x |
| dYdX | Validator-run order book on dYdX Chain | $44.3M; 119 perpetual pairs | Thin open interest |
| GMX | Oracle-priced fills against GM pools | $31.8M on Arbitrum; 15 markets | Borrow fee on open positions; V1 exploit 2025 |
Data as of September 15, 2026: CoinGecko derivatives at BTC $76,888, Hyperliquid market data; access rules: Hyperliquid terms, dYdX Help Center; fees: GMX docs.
Why trade perpetuals on EVEDEX
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 July 18, 2026.
Start trading on the perp DEX in three steps
From wallet to open position in minutes, without traditional KYC, from 6 USDT.
Connect and deposit
Log in with your wallet and deposit from 6 USDT. The first deposit deploys your personal deposit contract on Arbitrum for about 0.1 USDT.
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 questions, answered
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, deployed with your first deposit for about 0.1 USDT. The contract can transfer only to a pre-specified bridge, which credits your USDT margin balance after an AML check with Chainalysis. The minimum deposit is 6 USDT.
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, September 15, 2026).
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.
CoinGecko recorded $678.6M of open interest and $647.6M of 24-hour volume on EVEDEX on September 15, 2026. That is far below Hyperliquid at $14.18B of open interest, but above dYdX at $44.3M and GMX on Arbitrum at $31.8M.
