Where to Trade S Perpetual Futures

12 exchanges offer S perps — compare fees, leverage, and volume below.

Exchange	Pair	Taker Fee	Leverage	24h Volume
HyperliquidHyperliquid L1	S-USD	0.045%	5×	$9.91B	Trade
AsterBNB Chain	SUSDT	0.035%	5×	$2.78B	Trade
LighterEthereum L2	S-USDC	0.00%	20×	$2.23B	Trade
edgeXEthereum L2	S-USD	0.050%	10×	$1.76B	Trade
VariationalEthereum L2	S	0.00%	20×	$1.26B	Trade
ExtendedStarknet	S-USD	0.050%	10×	$537M	Trade
GMX v2Arbitrum, MegaETH	S/USD [WBTC.b-USDC]	0.060%	100×	$112M	Trade
Orderly NetworkMulti-chain	PERP_S_USDC	0.030%	10×	$62.9M	Trade
dYdXdYdX Chain	S-USD	0.030%	5×	$40.4M	Trade
Gains NetworkArbitrum, Polygon, Base	S-USD	0.050%	150×	$36.6M	Trade
ParadexStarknet	S-USD-PERP	0.00%	5×	$22.2M	Trade
AarkArbitrum	S-USDC	0.010%	10×	$5.2M	Trade