| FEATURE | AEVO | PARADEX |
|---|---|---|
| Type | DEX | HYBRID |
| Taker Fee | 0.08% | 0% |
| Maker Fee | 0.05% | 0% |
| Max Leverage | 20x | 50x |
| Perp Pairs | 144 | 76 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 4.2 | 4.5 |
Aevo
PROS
- + Rare on-chain options markets alongside 144 perpetual pairs — one of the only DEXs offering vanilla options and perps under a single unified margin account
- + Competitive perpetual fees of 0.08% taker / 0.05% maker, with options at 0.05% / 0.03% and up to a 20% fee discount for AEVO stakers
- + No KYC required — non-custodial trading by connecting any EVM wallet, accessible globally except the US, Canada, and China
CONS
- − Maximum 20x leverage on perpetuals is well below competitors like GMX (100x) and Avantis (500x), limiting appeal for high-leverage traders
- − TVL of roughly $15M is far smaller than leading perpetual DEXs such as Hyperliquid, which can reduce depth on lower-volume pairs
- − The full 20% fee discount requires staking AEVO with lock-ups of up to 12 months, so casual traders pay standard rates
Paradex
PROS
- + Zero trading fees for retail users — 0% maker and 0% taker — across all 76 perpetual futures markets; professional and API takers pay just 0.02%
- + Privacy-preserving trading via zk-encrypted accounts hides positions, entries, exits, and PnL from public view, preventing MEV and liquidation sniping
- + 2,200+ markets from one unified USDC account: 76 crypto and RWA perps (including GOOGL, MSTR, silver, and oil), 2,100+ options, and spot
CONS
- − USDC-only collateral — no multi-collateral support, limiting flexibility for traders holding other assets
- − Restricted for US and Canadian persons and sanctioned jurisdictions; VPN circumvention is explicitly prohibited in the Terms of Service
- − Spot trading is limited to just two pairs (ETH and DIME) — the venue is overwhelmingly perps- and options-focused
Frequently Asked Questions
Is Aevo or Paradex better?
Paradex has a higher rating (4.5 vs 4.2). Paradex offers lower fees (0% vs 0.08%). Choose Aevo for its features, and Paradex for lower fees.
What are the fees on Aevo vs Paradex?
Aevo charges 0.08% taker / 0.05% maker. Paradex charges 0% taker / 0% maker for perpetuals.