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Decentralized Exchanges for Futures Trading In 2025
Updated September 22, 2025
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- User Experience
- Leverage Cap
- Transaction Fees
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Crypto futures trading lets you deposit a little amount or margin, and take leverage or borrowed funds to multiply your position by say 2:1 or 50x. With futures trading on DEXs, you can enjoy maximum profit while retaining custody of your crypto, paying low fees, and minimizing market manipulation risks. Also, futures contracts in DeFi are mostly perpetual, allowing you to hold your position forever as long as you can maintain the margin.
Comparison Of Decentralized Futures Trading Platforms
| DEX | User Experience | Fees | Leverage Cap | Overall Safety | |
|---|---|---|---|---|---|
| 4.5/5 | 0.045% | 40x | 3.8/5 | Visit | |
| 4.4/5 | Variable 30-day volume | 100x | 3.9/5 | Visit | |
| 4.1/5 | 0.06 | 100x | 4.2/5 | Visit | |
| 4.4/5 | 0.06 | 50x | 4.3/5 | Visit | |
| 4.0/5 | 0% | 100x | 4.3/5 | Visit | |
| 4.5/5 | 0.025% | 100x | 4.2/5 | Visit | |
| 4.5/5 | 0.10% | 101x | 4.3/5 | Visit | |
| 4.5/5 | 0.03 | 100x | 4.0/5 | Visit | |
| 4.2/5 | 0.01 | 100x | 3.9/5 | Visit | |
| 4.5/5 | 0.07 | 100x | 3.6/5 | Visit |
1. Hyperliquid
It was common to compare DEX vs CEX for futures trading until Hyperliquid’s innovative decentralized experience made onchain futures trading the default choice for traders. You can enjoy transparent onchain futures trades, up to 40x, delegate idle crypto to managers through the vault, and earn platform rewards through staking. Hyperliquid also features TWAP orders, which minimize price impact on large trades and Scale orders for gradual entry and closing of positions.
| User experience | 4.5/5 |
| Supported tokens | 130+ including BTC, ETH, SOL, XRP, DOGE, WLFI, ENA, AVAX, and HOME |
| Wallet integrations | Rabby, Kepler, MetaMask, SubWallet, Backpack, WalletConnect, OKX Wallet, and Coinbase Wallet |
| Supported blockchains | Ethereum, Kaia, Sophon, Scroll, Base, Avalanche, Arbitrum, Polygon, Optimism, etc. |
| Trading fees | 0.014% maker, 0.045% taker |
| Leverage | Up to 40x |
| Funding interval | 1 hour |
| Minimum deposit | 5 USDC |
Why We Like It
- Futures orders get executed fast, thanks to the efficient hyperEVM native blockchain.
- CEX-like experiences with similar security and autonomy offered by DEXs.
- Low slippage due to the on-chain order book, with predictable price matching during high-volume trades.
- Advanced order options and additional earning products.
Pros and Cons
- The proactive team and devs are constantly working to resolve platform issues.
- Deep liquidity for large trades with lower slippage.
- Quick availability and listing for new tokens.
- Friendly support through the community.
- Security issues due to a small validator network.
- Volatility can lead to losses for vault participants, so study vaults carefully before staking or investing.
- The interface is complex for beginners.
- Possibility of market manipulation by market makers and whales.
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2. EdgeX
EdgeX is a futures trading crypto exchange that lets you trade crypto futures without KYC. On this DEX, you get efficient futures trading experience on a unified DeFi interface. Trading on EdgeX also reduces execution costs and provides robust security through Ethereum L2. You can also track your trades and overall portfolio using the intuitive portfolio section on the EdgeX.
| User experience | 4.4/5 |
| Supported tokens | BTC, ETH, SOL, XRP, DOGE, LTC, BNB, IP, etc. |
| Wallet integrations | Rabby, Kepler, MetaMask, SubWallet, Backpack, WalletConnect, Phantom, Rainbow, Backpack, Wallet Connect. |
| Supported blockchains | Ethereum, Arbitrum, BNB Chain |
| Trading fees | Depends on the user’s 30-day trading volume. |
| Leverage | Up to 100x |
| Funding interval | 4 hours |
| Minimum deposit | 5 USDC |
Why We Like It
- EdgeX benefits from the established security and reputation of Ethereum.
- High-speed matching engine enables lightning-fast transactions.
- High leverage and CEX-level trading experience.
- Complete asset custody, efficient trading management, and EVM compatibility.
- Great mobile experience for mobile users.
Pros and Cons
- Potential rewards through an ongoing point system.
- Blazing fast trade execution.
- Advanced order types.
- Non-custodial and transparent smart contracts.
- Some users have reported deposit delays, although the platform is working to address them.
- Some users have also complained about the inconvenience of sudden token delisting.
- Liquidity could dry up for specific pairs due to high volatility.
- Liquidation risks and compliance issues due to a lack of regulatory oversight.
3. Jupiter
Jupiter is a Solana coin and decentralized liquidity aggregation platform and the largest perpetual futures DEX. On Jupiter, you can go up to 100x on major cryptocurrencies like BTC, ETH, and SOL. Perps trading on Jupiter offers a smooth user interface and the ease of trading meme coins, which are popular in the Solana ecosystem.
| User experience | 4.1/5 |
| Supported tokens | ETH, WBTC, SOL |
| Wallet integrations | MetaMask, Brave Wallet, BackPack, Phantom. |
| Supported blockchains | Solana |
| Trading fees | 0.06% |
| Leverage | Up to 100x |
| Funding interval | None (Borrow fees paid directly to Jupiter LP) |
| Minimum deposit | 10 USDT |
Why We Like It
- LP-to-trader model letting you earn a portion of the fees generated from perpetual futures trading on the DEX.
- Solana native. Easier for you to leverage and diversify your investments after earning meme trading profits.
- Deep liquidity, low price impact, and low slippage.
- Reliable oracle integration and security from the Solana network.
Pros and Cons
- Low transaction cost and fast trade execution.
- Advanced trading tools and an excellent interface.
- Easy access to new tokens and liquidity pools.
- Secure and non-custodial.
- Reliability issues could get you stuck in positions during periods of high demand.
- Limited to the Solana ecosystem and network.
- Use leverage with caution, as it comes with increased losses from liquidations and negative funding fees.
- Transactions can’t be reversed if you get exploited.
4. MYX Finance
If you love low slippage, low fees, and seamless trading, then MYX Finance is for you. You can leverage up to 50x on numerous crypto pairs and open limit or market orders. MYX also gives you real-time prices and order execution using the reliable Pyth oracle. The oracle efficiency protects you from irregular fluctuations and manipulations. On MYX, you can trade crypto futures without KYC, while retaining full custody of your funds.
| User experience | 4.4/5 |
| Supported tokens | ETH, BTC, SOL, BNB, MYX, PARTI, etc. |
| Wallet integrations | Rabby, MetaMask, SubWallet, BackPack, Phantom, OKX. |
| Supported blockchains | BNB Chain, Linea, Arbitrium, OpBNB |
| Trading fees | 0.018% |
| Leverage | Up to 100x |
| Funding interval | 1 hour |
| Minimum deposit | Not required |
Why We Like It
- High conviction based on backing by leading investors, including Sequoia Capital, Hashkey, and Consensys.
- Long-term incentive system designed to drive growth and adoption.
- High leverage, up to 50x, giving you leverage on a minimal margin.
- Audited contracts and complete self-custody of crypto assets.
Pros and Cons
- Cross-chain compatibility
- Efficient P2P orderbook model
- Gasless trading via a two-layer account system
- Audited contracts by CertiK
- Platform rewards and incentives for trading activities
- The market could be manipulated during peak trading periods
- High leverage always comes with higher risks, so you should minimize it
- First-time traders may not be quite comfortable with using the platform
- Some users have reported potential pump and dumps or rugs, so exercise caution
5. ADEN
ADEN offers secure and reliable futures trading with no KYC restrictions and tools to improve your trading experience. The platform gives you a simple trading experience, enabling you to connect your wallet, deposit cryptocurrency, and start crypto futures trading. ADEN also provides a real-time order book and supports multiple order types, including stop, limit, and market orders. It delivers quick order execution and comprehensive trade history tracking.
| User experience | 4.0/5 |
| Supported tokens | ETH, BTC, SOL, SEI, DOGE, XRP, SUI, etc. |
| Wallet integrations | Rabby, MetaMask, SubWallet, BackPack, Phantom, Binance. |
| Supported blockchains | BNB Smart Chain, Solana, Arbitrium, and Ethereum. |
| Trading fees | 0.% |
| Leverage | Up to 50x |
| Funding interval | 8 hours |
| Minimum deposit | 10 USDT |
Why We Like It
- Heavy on your security while trading futures on the DEX.
- Its simple interface is comfortable for beginners with little trading experience.
- 150+ tradeable markets and secure infrastructure through Orderly Network.
- Global orderbook and extensive partnerships for future expansion and token support.
Pros and Cons
- Efficient central limit order book plus AMM liquidity model
- Low trading fees and cross-chain compatibility
- Complete self-custody and audited smart contracts.
- It may take some time for new users to become familiar with the UI
- Some advanced charting tools, like MACD, are unavailable
- There is no theme switch in the order panel, which comes off as crampy
- Like with all futures exchanges, you could get liquidated if you don’t manage your risks properly
6. WooFi
WooFi is an onchain futures trading platform with an efficient order book and lots of options for you to trade futures as you like. The platform allows you to execute multiple order types, including limit, market, stop-limit, scaled, and stop-market orders. WooFi also lets you track your portfolio in real-time and monitor positions on a dedicated dashboard. The DEX’s fee-tier system is designed to reward you based on your trading activities.
| User experience | 4.5/5 |
| Supported tokens | ETH, BTC, SOL, SEI, DOGE, XRP, SUI, etc. |
| Wallet integrations | Rabby, MetaMask, SubWallet, BackPack, Phantom, Binance. |
| Supported blockchains | Optimism, Base, Mantle, Polygon, BNB Smart Chain, Solana, Arbitrum, Avalanche, Morph, Berachain, Plume, Story, Ethereum, Mode, Abstract, and Sonic. |
| Trading fees | 0.025% |
| Leverage | Up to 100x |
| Funding interval | 8 hours |
| Minimum deposit | 10 USDT |
Why We Like It
- Heavy on your security while trading futures on the DEX.
- Its simple interface is comfortable for beginners with little trading experience.
- 150+ tradeable markets and secure infrastructure through Orderly Network.
- Global orderbook and extensive partnerships for future expansion and token support.
Pros and Cons
- Offers CEX-level UX through the Orderly network
- Àdvanced trading tools and high leverage
- Cross-chain compatibility for flexibility
- You may incur additional fees for cross-chain swaps
- Manage risk properly, as liquidation risk increases with leverage products, such as futures
- Funding risks also apply, which could lead to a loss when you are in the negative or paying funding
- You may have to bridge funds from unsupported blockchains
7. Drift
Drift is a crypto leverage trading platform offering up to 101x leverage on any token on Solana ecosystem. The platform also offers an advanced risk management dashboard and multiple opportunities to diversify your futures trading profits, including vaults and staking options. Drift features eight unique order types and lets you use your entire portfolio as collateral.
| User experience | 4.5/5 |
| Supported tokens | ETH, BTC, SOL, HYPE, BONK, JUP, WIF, HYPE, etc. |
| Wallet integrations | Solflare, MetaMask, Brave Wallet, BackPack, Phantom. |
| Supported blockchains | Solana |
| Trading fees | 0.10% |
| Leverage | Up to 101x |
| Funding interval | 1 hour |
| Minimum deposit | Not required |
Why We Like It
- High leverage of up to 101x is suitable for risk-loving meme traders on the Solana blockchain.
- Multiple earning and portfolio diversification opportunities through vaults, borrowing, and lending.
- 1Opportunities to execute delta-neutral trading strategies across spot and futures for advanced traders.
- Multiple order types, letting you trade just as you want.
Pros and Cons
- High leverage and low transaction fees
- Advanced order types and risk management tools
- Non-custodial and audited smart contracts
- Built on Solana for high scalability
- Some users have reported bugs due to frequent updates, which ought to be in the best interest of users
- New traders should carefully study and understand funding rates, as they can be confusing
- The Drift protocol experienced liquidity issues during past incidents, such as the Terra Luna attack
- Existing tiers on an isolated margin have forced some users to disable cross-margin trading, which limits their flexibility
8. Apex
Apex protocol is a permissionless and non-custodial perpetual futures trading DEX that requires no KYC for first-time users. The DEX uses an onchain order book and lets you trade cross-margin USDT and USDC perpetual contracts across 45+ trading pairs with up to 100x. The DEX also gives you a dedicated portfolio management dashboard and extra earnings from protocol revenue through its insurance vault.
| User experience | 4.5/5 |
| Supported tokens | ETH, BTC, SOL, BNB, XRP, TON, DOGE, etc. |
| Wallet integrations | Solflare, MetaMask, Brave Wallet, BackPack, Phantom |
| Supported blockchains | MetaMask, Rabby, Phantom |
| Trading fees | 0.03% |
| Leverage | Up to 100x |
| Funding interval | 1 hour |
| Minimum deposit | 10 USDT |
Why We Like It
- Designed with beginners in mind. Tool tips and other features to walk you around when you first use the platform.
- Trading on Apex feels like trading on any other centralized exchange, even though it is a futures trading DEX.
- Conditional order option for flexible trading orders.
- Fast trade execution and low slippage on placed orders.
Pros and Cons
- Cross-chain liquidity and low fees
- Advanced trading tools and high leverage
- Non-custodial and audited smart contracts
- Non-custodial and audited smart contracts
- Seamless UX and backed by ByBit
- The platform relies on third-party infrastructure, which increases counterparty risks
- The platform relies on third-party infrastructure, which increases counterparty risks
- Less traded tokens with smaller liquidity may result in slippage
- Higher leverage comes with a higher probability of losses
9. Aster
If you are looking for a secure and performant DEX where you can trade crypto futures without requiring KYC, then your stop is Aster. The safe and performant decentralized futures trading DEX, equipped with advanced tools, offers up to 100x leverage and multiple order types. With hidden limit orders on Aster, you can place and hide your order size and direction to avoid front-running.
| User experience | 4.2/5 |
| Supported tokens | ETH, BTC, SOL, BNB, XRP, ADA, DOGE, SHIB, etc. |
| Wallet integrations | Wallet Connect, Backpack, MetaMask, Subwallet, Rabby, Phantom. |
| Supported blockchains | Arbitrium, BNB Chain, Ethereum, and Solana. |
| Trading fees | 0.01% |
| Leverage | Up to 100x |
| Funding interval | 8 hours |
| Minimum deposit | Not required |
Why We Like It
- The hidden order future protects you from market manipulation.
- Copytrading through Hyperbot directly from Aster.
- Premarket and stocks trading are also available, saving you the time taken to switch between platforms.
- Cross-chain compatibility and lower fees compared to other exchanges.
Pros and Cons
- Transparent pricing and competitive funding rates
- Low trading fees and cross-chain support
- Risk management tools and advanced order types
- Audited and secure smart contracts
- Also important to consider the funding rate complexity and its implications for open positions
- Minimize leverage according to your overall margin to avoid liquidation
- Regulations for most decentralized platforms are yet to be fully implemented
10. GMX
GMX lets you trade perpetual futures on a futures trading DEX for high leverage and low price impact trading. Trades on GMX are powered by members of the community who use staking coins to provide liquidity while earning a share of trading, liquidation, and swapping fees on GMX. The onchain futures trading DEX is simple to use and offers all that you would find on a top-tier centralized trading platform.
| User experience | 4.5/5 |
| Supported tokens | ETH, BTC, SOL, LINK, XRP, ENA, DOGE, SHIB, etc. |
| Wallet integrations | Wallet Connect, Backpack, MetaMask, Subwallet, Rabby, Phantom, Browser Wallet, Gemini Wallet, Coinbase, Trust Wallet, Core, OKX. |
| Supported blockchains | Arbitrium, BNB Chain, Ethereum, and Solana. |
| Trading fees | 0.07% |
| Leverage | Up to 100x |
| Funding interval | 1 hour |
| Minimum deposit | Not required |
Why We Like It
- Uses high-quality price feeds, keeping position in sync with real-time market direction.
- Gives you low spreads and minimal price impacts on every trade.
- Runs on Arbitrium, reducing fees compared to the same transactions on Ethereum.
- GMX keeps everything as simple as possible, making it ideal for users of all levels.
Pros and Cons
- Unified liquidity and zero slippage
- Low trading costs and high leverage
- Advanced risk management tools
- Audited smart contracts and non-custodial
- You will pay borrowing fees for positions that may not be as easy to walk around as funding rates
- You should exercise caution, as GMX relies largely on smart contracts, which could be exploited. Note that GMX’s smart contracts are also fully audited
- Extreme volatility could result in slippage in liquidity pools
Conclusion
Finding the best futures trading DEX shouldn’t be a problem for you after reading this article. While centralized futures trading may be handy, it offers less autonomy. It may be equally risky if you consider the case of traders who lost millions of dollars to the FTX exchange collapse. Although not all tokens may be available on a particular futures trading DEX, you can keep pivoting until you find a DEX that’s a perfect fit for you.
Remember that, like every other information in crypto, the best way to find what works for you is by doing your own research. Nevertheless, you should keep the parameters covered in this article in mind as you trade crypto futures.
Frequently Asked Questions
1. What are makers and takers?
A maker sets a limit order and adds liquidity to the order book, pending when that limit is hit and their order is executed. A take often places a market order to be executed instantly, thereby taking liquidity from the order book.
2. What exactly is the funding rate in perpetual futures trading?
It is the amount paid to keep the price on the contract as close as possible to the actual price in other markets. When the funding rate is positive, longs pay shorts, while shorts pay longs when it is negative.
3. Which wallet is the best for futures trading?
Your wallet is not a key factor for success in futures trading on decentralized exchanges, but you should stick with the ones with few reported cases of exploits. Never store your seed phrase online or on your computer.
4. Is there a fail-proof strategy to trading perpetual futures on decentralized exchanges?
There is no golden bullet for futures trading; it takes time, practice, patience, and discipline.
5. Are futures trading DEXs regulated?
Regulation is a complex issue in DeFi, as the full range of possibilities is yet to be captured by the law.
6. How can I reduce risks in decentralized futures trading?
Try to stick with vetted platforms like those mentioned in this article, do your own research carefully, and minimize leverage or overexposure to specific positions.
7. How does leverage affect trading?
Leverage is the amount you borrowed on your margin, which is the deposit you add to the futures trading DEX as collateral to enable you to open positions. It multiplies the impact of your profit or losses on any given position.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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