Settled on Arbitrum, not Solana
Solana DEX or SOL-USD Perpetual: Choose Your Venue
EVEDEX is not a Solana DEX and has no token swaps. It lists a SOL-USD perpetual: long or short, up to 200x on positions up to $50,000 notional, 0.015% maker fee cap.
SOL-USD on EVEDEX at a glance
Contract terms from EVEDEX trading terms, market data from CoinGecko, both as of September 15, 2026.
Solana DEX venues vs the SOL-USD perpetual
A Solana DEX swaps tokens from your wallet; EVEDEX trades a contract on the SOL price. More venues: best Solana DEX. How EVEDEX works: perp DEX.
| Venue | What you trade | Volume | Trading fee | Drawback |
|---|---|---|---|---|
| EVEDEX SOL-USD | Perpetual contract on SOL, not a DEX | $25.4M in 24 hours | Capped at 0.015% maker / 0.045% taker | No SPL tokens |
| PumpSwap | SPL token swaps in pump.fun pools | $19.2B over 30 days | 0.30% to 1.25%, by market cap | Highest fees on low market-cap tokens |
| Orca | Swaps in concentrated-liquidity Whirlpools | $7.4B over 30 days | 0.01% to 2%, by pool tier | LPs earn no fees outside their range |
| Raydium | Swaps in AMM and concentrated pools | $6.6B over 30 days (AMM) | 0.25% standard; 0.01% to 1% concentrated | Permissionless pools list unvetted tokens |
Why trade SOL as a perpetual
A perpetual gives you exposure to the SOL price without holding SOL.
Long or short SOL
A perpetual works in both directions with the same margin rules. A swap on a Solana DEX only buys or sells the token itself.
No bridge, no gas token
Deposits route through a personal deposit contract on Arbitrum, and trades carry no blockchain fees, so you never hold SOL for gas.
One USDT margin account
SOL-USD shares one cross-margin account with BTC, ETH, gold, oil, forex and US stock perpetuals.
Leverage with a size cap
200x applies to SOL-USD only for positions up to $50,000 notional. Above that size, maintenance margin rises and maximum leverage steps down.
Open a SOL-USD position in three steps
No Solana wallet, bridge or token approval: connect, deposit and trade.
Connect a wallet
Log in with your own wallet. EVEDEX has no traditional KYC; deposits pass automated AML screening.
Deposit from 6 USDT
Pick network, token and amount. The first deposit deploys your personal deposit contract on Arbitrum for about 0.1 USDT.
Trade SOLUSD
Choose long or short and set leverage. The minimum order is 5 USDT; funding is calculated every 8 hours and charged hourly.
Why EVEDEX is not a Solana DEX
A Solana DEX settles swaps on Solana; EVEDEX matches orders off-chain and settles on Arbitrum.
On PumpSwap, Orca or Raydium you connect a Solana wallet, pay network fees in SOL and receive the SPL token itself. On EVEDEX you hold a SOL-USD contract that tracks the SOL price, pays or receives funding and can be liquidated if margin runs out. To own or stake SOL, use a Solana DEX; for leveraged long or short exposure, use the perpetual.
Risk warning
Perpetual futures carry a high risk of loss: at 200x on SOL-USD, a 0.5% move against you equals the initial margin, and cross margin puts your whole balance at risk. EVEDEX is not intended for UK retail clients. Not investment advice.
Solana DEX and SOL-USD questions
No. EVEDEX is a hybrid exchange for perpetual futures: orders are matched off-chain and settled on-chain on Arbitrum. It has no Solana wallet connection, no SPL tokens and no swaps. For Solana traders it offers a SOL-USD perpetual contract that tracks the SOL price, long or short.
In the 30 days to September 15, 2026, PumpSwap led direct DEX volume on Solana with $19.2 billion, followed by BisonFi with $8.8 billion, Orca with $7.4 billion and Raydium AMM with $6.6 billion, per DefiLlama. The Jupiter aggregator routed $16.0 billion through other pools.
It depends on the pool. PumpSwap charges 0.30% to 1.25% depending on market cap, Raydium standard AMM pools 0.25%, and concentrated pools on Raydium and Orca start at 0.01%. SOL-USD fees on EVEDEX are capped at 0.015% maker and 0.045% taker before cashback.
PumpSwap is the decentralized exchange of pump.fun, where tokens trade in pools from a Solana wallet. Its fee runs from 0.30% to 1.25% depending on the token's market cap, and it led Solana DEX volume with $19.2 billion in the 30 days to September 15, 2026, per DefiLlama.
Yes, through a perpetual contract. On EVEDEX you log in with your own wallet, deposit crypto that routes through a personal deposit contract on Arbitrum and trade SOL-USD with USDT margin. Leverage reaches 200x only on positions up to $50,000 notional, and small moves can liquidate such positions.
No. EVEDEX has no spot trading and no swaps: all 52 pairs are perpetual contracts. A SOL-USD position gives you exposure to the SOL price, not SOL tokens, so it cannot pay Solana network fees or interact with Solana apps.
According to CoinGecko on September 15, 2026, the SOL-USD perpetual on EVEDEX had $30.6 million in open interest and $25.4 million in 24-hour volume. Across all 52 pairs, EVEDEX showed $678.6 million in open interest and $647.6 million in 24-hour volume that day.
Funding keeps the perpetual price close to the index price. EVEDEX calculates the funding rate every 8 hours and charges or credits one-eighth of it each hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. Check it before holding a position for days.
