| FEATURE | NADO | PARADEX |
|---|---|---|
| Type | DEX | HYBRID |
| Taker Fee | 0.035% | 0% |
| Maker Fee | 0.01% | 0% |
| Max Leverage | 50x | 50x |
| Perp Pairs | 77 | 63 |
| Spot Trading | Yes | Yes |
| KYC Required | No | No |
| Rating | 3.6 | 4.5 |
Nado vs Paradex: key differences
Opening and closing a $10,000 position with market orders costs $0 on Paradex and $7.00 on Nado at base-tier taker fees, a difference of $7.00 per round trip.
For limit orders, Nado charges makers 0.01%, while Paradex charges makers nothing.
Nado lists 77 perpetual markets, Paradex lists 63.
Nado is the more liquid venue, with $128M in 24-hour volume against $6M on Paradex (about 21 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDT0, USDC, wETH, kBTC +2 more on Nado and in USDC on Paradex.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Nado | Paradex | |
|---|---|---|
| Taker round trip on $10,000 | $7.00 | $0 |
| Maker round trip on $10,000 | $2.00 | $0 |
| Best-tier taker fee | 0.015% | 0% |
| BTC max leverage | 50x | 50x |
| Margin modes | cross, isolated | cross, isolated, portfolio |
| 24h volume | $128M | $6M |
| TVL | $53M | $32M |
| Custody | non-custodial | hybrid |
| Collateral | USDT0, USDC, wETH, kBTC +2 more | USDC |
| Deposit networks | Ink | Ethereum, Starknet, Arbitrum +19 more |
| Minimum order | $100 | $10 |
| Order types | 8 | 11 |
| Options | No | Yes |
| Mobile app | No | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | Yes |
| Insurance fund | Yes | Yes |
| Audited | No | Yes |
| Restricted jurisdictions | 10 | 19 |
| Founded | 2025 | 2023 |
Choose Nado if
- You trade smaller or newer markets: 77 perpetual pairs against 63.
- You trade size and need liquidity: $128M in 24-hour volume against $6M.
- You want to post margin in more than one asset.
Choose Paradex if
- You mostly use market orders: 0% taker fee against 0.035% on Nado.
- You place limit orders: 0% maker fee against 0.01% on Nado.
- You trade options as well as perpetuals.
- You trade from a phone: Paradex has a mobile app.
Nado
PROS
- + Base fees of 0.035% taker and 0.01% maker on perpetual and spot markets, falling to 0.015% taker and a 0.008% maker rebate at VIP 6 (1 billion dollars of 30-day volume)
- + One margin account covers perpetuals, spot, and lending: USDT0, USDC, wETH, kBTC, XAUT0, and tokenized xStocks such as SPYx and QQQx count as collateral, and deposits earn money market interest
- + 77 tradable perpetual markets in the Nado API (October 4, 2026), including US stock and ETF perpetuals such as NVDA, TSLA, SPY, and QQQ, three FX pairs, gold, silver, and WTI oil
CONS
- − The docs and the DeFiLlama listing show no published smart contract audit; the HackenProof bug bounty covers the web app only and pays 50 to 10,000 dollars per finding
- − View-only in the United States and Canada, and blocked in Panama, Belarus, Cuba, Iran, North Korea, Russia, Syria, and Ukraine under the Terms of Use dated August 26, 2026 and the Restricted Territories page
- − Deposits work only on Ink, so funds from Ethereum, Arbitrum, or an exchange must first be bridged or withdrawn to Ink, and each USDT0 withdrawal costs 1 USDT0
Paradex
PROS
- + Zero trading fees for retail orders (0% maker and 0% taker) on all 63 perpetual futures markets, on dated options, and on spot
- + Private trading: positions, orders, entries, exits, and PnL are encrypted and hidden from other traders, which limits liquidation sniping and front-running
- + 63 perpetual markets beyond crypto, including GOOGL, META, MSFT, and MSTR, the US100 and US500 indices, gold, silver, copper, and crude oil, plus about 6,700 options contracts on 11 underlyings
CONS
- − USDC is the only collateral asset. Spot balances in other tokens count toward account value but cannot be used as margin for perpetuals
- − Not available to US and Canadian persons, residents of US territories, or people in Cuba, Iran, North Korea, Syria, Crimea, Donetsk, Luhansk, and Sevastopol
- − Pro orders sent through the standard API are not free: 0.003% maker since July 3, 2026 and 0.045% taker at the base tier, with a 0.0175% floor after all discounts
Frequently Asked Questions
Is Nado or Paradex better?
Paradex has a higher rating (4.5 vs 3.6). Paradex offers lower fees (0% vs 0.035%). Choose Nado for its features, and Paradex for lower fees.
What are the fees on Nado vs Paradex?
Nado charges 0.035% taker / 0.01% maker. Paradex charges 0% taker / 0% maker for perpetuals.
Which has higher leverage, Nado or Paradex?
Nado offers up to 50x, and Paradex offers up to 50x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Nado and Paradex require KYC?
Nado does not require KYC. Paradex does not require KYC. Both restrict some jurisdictions (Nado lists 10; Paradex lists 19), so check the terms of service for your country before depositing.
Is Nado or Paradex safer?
Nado has no published audit on record here and runs an insurance fund, and custody is non-custodial. Paradex has been audited and runs an insurance fund, and custody is hybrid. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, Nado or Paradex?
Nado recorded $128M in 24-hour volume and Paradex recorded $6M, as of 2026-10-04. Nado lists 77 perpetual markets and Paradex lists 63.