| FEATURE | PARADEX | VERANTA |
|---|---|---|
| Type | HYBRID | DEX |
| Taker Fee | 0% | 0.045% |
| Maker Fee | 0% | 0.001% |
| Max Leverage | 50x | 500x |
| Perp Pairs | 63 | 148 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 4.5 | 3.5 |
Paradex vs Veranta: key differences
Opening and closing a $10,000 position with market orders costs $0 on Paradex and $9.00 on Veranta at base-tier taker fees, a difference of $9.00 per round trip.
For limit orders, Paradex charges makers nothing, while Veranta charges makers 0.001%.
Veranta allows up to 500x leverage against 50x on Paradex. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Veranta lists 148 perpetual markets, Paradex lists 63.
Paradex also has spot trading; Veranta is perpetuals only.
Veranta is the more liquid venue, with $50M in 24-hour volume against $6M on Paradex (about 8.3 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Paradex | Veranta | |
|---|---|---|
| Taker round trip on $10,000 | $0 | $9.00 |
| Maker round trip on $10,000 | $0 | $0.20 |
| Best-tier taker fee | 0% | 0.0315% |
| BTC max leverage | 50x | 500x |
| Margin modes | cross, isolated, portfolio | isolated |
| 24h volume | $6M | $50M |
| TVL | $32M | $11M |
| Custody | hybrid | non-custodial |
| Collateral | USDC | USDC |
| Deposit networks | Ethereum, Starknet, Arbitrum +19 more | Base, Ethereum |
| Minimum order | $10 | $100 |
| Order types | 11 | 8 |
| Options | Yes | No |
| Mobile app | Yes | No |
| Testnet or demo | Yes | No |
| Vaults or copy trading | Yes | No |
| Insurance fund | Yes | No |
| Audited | Yes | Yes |
| Restricted jurisdictions | 19 | 6 |
| Founded | 2023 | 2023 |
Choose Paradex if
- You mostly use market orders: 0% taker fee against 0.045% on Veranta.
- You place limit orders: 0% maker fee against 0.001% on Veranta.
- You want spot and perpetuals in one account.
- You trade options as well as perpetuals.
- You trade from a phone: Paradex has a mobile app.
Choose Veranta if
- You want higher leverage: up to 500x against 50x.
- You trade smaller or newer markets: 148 perpetual pairs against 63.
- You trade size and need liquidity: $50M in 24-hour volume against $6M.
- You want a sign-up discount: 5% off fees through a referral link.
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
Veranta
PROS
- + Zero maker and taker fees on forex, commodities, indices and equities while those markets are in growth mode (spread and funding still apply)
- + Crypto fees of 0.045% taker and 0.001% maker per side, where maker means a trade that reduces open-interest skew
- + Upside Perps on BTC, ETH, SOL, XRP and HYPE: no opening, closing or borrow fees, and traders keep 75% to 95% of profit on winning trades
CONS
- − Deployed on Base only, and USDC is the only accepted collateral
- − Fixed-fee leverage on crypto majors is capped at 50x and altcoins at 40x; higher crypto leverage requires Upside Perps, which take 5% to 25% of profit
- − Profit on a single position is capped at 2500% of collateral on most markets, and positions are liquidated at an 85% loss
Frequently Asked Questions
Is Paradex or Veranta better?
Paradex has a higher rating (4.5 vs 3.5). Paradex offers lower fees (0% vs 0.045%). Choose Paradex for lower fees, and Veranta for higher leverage.
What are the fees on Paradex vs Veranta?
Paradex charges 0% taker / 0% maker. Veranta charges 0.045% taker / 0.001% maker for perpetuals.
Which has higher leverage, Paradex or Veranta?
Paradex offers up to 50x, and Veranta offers up to 500x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Paradex and Veranta require KYC?
Paradex does not require KYC. Veranta does not require KYC. Both restrict some jurisdictions (Paradex lists 19; Veranta lists 6), so check the terms of service for your country before depositing.
Is Paradex or Veranta safer?
Paradex has been audited and runs an insurance fund, and custody is hybrid. Veranta has been audited and has no insurance fund on record here, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, Paradex or Veranta?
Paradex recorded $6M in 24-hour volume and Veranta recorded $50M, as of 2026-10-04. Paradex lists 63 perpetual markets and Veranta lists 148.