Best Zero-Fee Perpetual DEX
The cheapest way to trade perps — ranked by taker fee
See the full lowest-fee ranking, run numbers in the fee calculator, or browse perp DEX statistics.
Frequently Asked Questions
Which perpetual DEX has zero trading fees?
Lighter and Paradex and Variational offer 0% maker and taker fees for retail perpetual trading as of 2026-10-05. These zero-fee models are typically subsidized by token incentives or institutional/maker tiers.
Are zero-fee DEXs actually free to trade on?
Trading fees can be 0%, but you still pay network gas (on some chains), funding rates on open perpetual positions, and potential slippage. Zero-fee refers to the exchange taker/maker fee, not the total cost of trading.
How do zero-fee perpetual DEXs make money?
Zero-fee DEXs typically earn from funding-rate spreads, liquidation fees, professional/maker tier fees, or token-based incentive models. Many use the zero-fee period to capture market share before introducing fees later.