OpenChainBench
Full benchmark: Cheapest perp DEX, live all-in fee on a $1000 ETH 10x long
TradingETH

Cheapest perp DEX for ETH

As of June 21, 2026, Lighter leads ETH all-in cost at 0.0032% (p50, 24h window), measured across 5 providers.

The cheapest perp DEX for ETH on this benchmark sits at measured live all-in (p50, 24h) for a $1000 ETH long 10x. ETH-PERP is the deepest pair on every venue measured (Hyperliquid, Lighter, dYdX v4, GMX v2, gains.trade), which means the rack-rate taker fee dominates the all-in number rather than the spread. Lighter quotes 0 bps taker, Hyperliquid 4.5 bps, dYdX 5 bps tier-0, GMX 4 or 6 bps on the impact branch, gains.trade reads the openFeeP slot live from the on-chain Gains v8 fees contract. Spread plus impact at $1000 notional is added on top via an orderbook walk.

ETH leaderboard

Live p50 over the last 24 hours, scoped to ETH only, ranked lowest first. Cross-region average; the regional breakdown below shows where leaders diverge.

  1. #1Lighter0.0032%
  2. #2gains.trade0.040%
  3. #3Hyperliquid0.048%
  4. #4GMX v20.060%
  5. #5dYdX v40.060%

Methodology, charts and the full ledger live on the Cheapest perp DEX, live all-in fee on a $1000 ETH 10x long page. Raw data: JSON endpoint.