# Crypto Leverage Trading Fees Compared, Six Venues on One Axis

The Leverage Ladder desk · Updated: 24 September 2026 · Tested: 22 September 2026

## The one line

Crypto leverage trading fees compared on the entry tier of the six venues this desk ranks: Extended is
cheapest at 0.025% taker, ApeX Omni dearest at 0.050%, and the same $10,000 round trip costs $5.00 to
$10.00. At 100x, where one percent against the position ends it, that bill is 10% of the margin.

Weights: Depth under the position 35 · Cost on the levered notional 25 · Where the fill is recorded 20 · What the record shows 15 · How far the ladder reaches 5. One formula for every plate on this site, fixed on 18 September 2026: https://aurascopeapp.com/method

## Crypto leverage trading fees compared at the entry tier, cheapest taker first

Ordered by the taker fee a new account pays on the BTC perpetual, then by the maker fee. Six venues
are priced here and not ten, because this desk only ranks a venue that publishes the position size its
top multiple holds to. Lighter, Paradex, dYdX and Aevo each print one multiple and no band underneath
it, so they are named on this page and priced nowhere on it.

| # | Venue | Leverage cap | Score of 6 | Maker / taker | Perpetual markets | Model | Best for |
|---|---|---|---|---|---|---|---|
| 1 | Extended | 50x to $4 million | 4.51 | 0% / 0.025% | 325 | Hybrid | one flat rate |
| 2 | Aster | 200x to 400 USDT | 4.42 | 0% / 0.040% | 578 | Own layer 1, operator-run | resting orders |
| 3= | edgeX | 100x to $1 million | 4.50 | 0.040% / 0.045% | 172 | Hybrid | the deepest book |
| 3= | Hyperliquid | 40x to $150 million | 3.96 | 0.015% / 0.045% | 324 | On-chain order book | discounts for staking |
| 3= | EVEDEX | 200x to $50,000 | 3.82 | 0.015% / 0.045% | 52 | Hybrid | cashback on fees paid |
| 6 | ApeX Omni | 100x to $100,000 | 3.90 | 0.020% / 0.050% | 125 | Hybrid | a forced exit |

Venue terms read 18 September 2026; entry-tier fees on the BTC perpetual. The leverage column pairs the headline cap with the notional it holds to.
## Quoted, with dates

> "Currently, Extended features a flat fee structure for both perpetuals and spot markets: Taker: 0.025% Maker: 0.000%" — Extended fee documentation, 18 September 2026. https://docs.extended.exchange/extended-resources/trading/trading-fees-and-rebates

> "For each user, there is one fee tier across all assets, including perps, HIP-3 perps, and spot." — Hyperliquid fee documentation, 18 September 2026. https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees.md

> "1 | < $5,000,000 | or | < 25,000 | 0.020% | 0.050%" — ApeX Omni VIP page, the entry row of the fee table, 18 September 2026. https://apex-pro.gitbook.io/apex-pro/apex-omni/vip-program

## 01 · [Extended](https://extended.exchange/) — 4.51 of 6
Extended runs one flat schedule for every account, 0% maker / 0.025% taker, with no volume tiers
([Extended fees](https://docs.extended.exchange/extended-resources/trading/trading-fees-and-rebates), checked 18 September 2026). The round trip costs
$5.00, the cheapest on this plate, and it is the same figure whether the account
is a week old or a year old.

- For: No maker fee, and no tier to reach for it.
- Against: A maker rebate needs 0.5% of 30-day maker volume; 278 of its 325 markets are filled on request.
- Not for: a maker too small to qualify.

## 02 · [Aster](https://www.asterdex.com) — 4.42 of 6
Aster charges 0% maker / 0.040% taker at VIP 1 on crypto perpetuals, maker zero since
2 February 2026 ([Aster fees](https://docs.asterdex.com/trading/perpetuals/fees-and-specs/fees), checked 18 September 2026). The round trip costs
$8.00, on the tightest spread we measured here, 0.01 bps.

- For: 578 perpetual markets at no maker fee.
- Against: That rate covers crypto pairs in order-book mode; Shield Mode charges a flat 0.03% and caps a position's profit.
- Not for: a taker expecting one rate throughout.

## 03 · [edgeX](https://pro.edgex.exchange) — 4.50 of 6
edgeX prices a regular account at 0.040% maker / 0.045% taker below $10,000,000 of 14-day volume
([edgeX fee tiers](https://pro.edgex.exchange/en-US/vip), checked 18 September 2026). The dearest maker side of the six comes
attached to the deepest book on the plate, a median $29.2 million resting inside 10 basis
points.

- For: The deepest BTC book on this page.
- Against: Its help-centre fee article, updated 12 February 2026, still shows 0.018% and 0.038%; 0.040% maker, the highest of the six priced here.
- Not for: a maker.

## 04 · [Hyperliquid](https://hyperliquid.xyz) — 3.96 of 6
The Hyperliquid base tier is 0.015% maker / 0.045% taker, one schedule across its own and
third-party markets ([Hyperliquid fees](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees), checked 18 September 2026). The round trip
costs $9.00, as at EVEDEX and edgeX.

- For: Staking discounts reach 40%, across 324 markets.
- Against: The cheaper tiers come from staking its token, not trading; Growth-mode markets cut all-in fees by at least 90%.
- Not for: a trader wanting one rate everywhere.

## 05 · EVEDEX — 3.82 of 6
EVEDEX prints 0.015% maker / 0.045% taker at the entry tier, so a $10,000 taker round trip costs
$9.00 (EVEDEX trading terms; 18 September 2026). What comes back afterwards is cashback on
fees already paid, with a ceiling of 35% of a trader's own; at that ceiling the taker side reads
0.02925% and the same round trip $5.85.

- For: Of the four venues charging a maker fee here, its 0.015% is the lowest, tied with Hyperliquid.
- Against: The 35% ceiling needs the top gamification level plus Prime; 52 perpetual contracts against 578 on the widest list.
- Not for: a trader reading rates alone.

## 06 · [ApeX Omni](https://omni.apex.exchange/) — 3.90 of 6
ApeX Omni charges 0.020% maker / 0.050% taker at VIP 1, below $5,000,000 of 14-day volume
([ApeX Omni tiers](https://apex-pro.gitbook.io/apex-pro/apex-omni/vip-program), checked 18 September 2026). The round trip costs
$10.00; funding settles hourly, capped at five basis points an hour.

- For: A withdrawal can be forced to layer 1 through zkLink contracts.
- Against: A zero maker fee arrives only at VIP 5, at $500,000,000; Tier and referral discounts do not stack.
- Not for: a trader stacking discounts.

## What a round trip takes out of the margin

A fee is charged on the position; margin is the slice of it a trader puts up. One $10,000 taker
round trip at each entry rate, against the margin behind it at 10x, 50x and 100x — $1,000, $200
and $100.

| Round trip | Venues | At 10x | At 50x | At 100x |
|---|---|---|---|---|
| $5.00 | Extended | 0.50% | 2.5% | 5.0% |
| $8.00 | Aster | 0.80% | 4.0% | 8.0% |
| $9.00 | EVEDEX, Hyperliquid, edgeX | 0.90% | 4.5% | 9.0% |
| $10.00 | ApeX Omni | 1.0% | 5.0% | 10.0% |

The spread across the whole axis is $5.00 on a $10,000 trip, which at 10x is half a percent of the
margin and at 100x is five percent of it. The rate barely moves; leverage is what makes it matter.

## Why four venues with a cap are absent from the axis

This desk prices a venue only when the venue has told a reader where its top multiple stops. Lighter
and dYdX both publish a 2% initial margin on BTC with no notional tiers underneath it. Paradex
publishes the same 2% with a position limit of 300 BTC and no step between. Aevo publishes a 5%
margin and a position cap. Four multiples, no bands: nothing on a page like this one can be built on
a number whose size is unstated, so those four are named and left unpriced.

It is worth saying plainly what that omission is not. It is not a judgement on their fees, two of
which are the lowest in this market, nor on their books. It is the register this site keeps: a
ladder needs rungs, and a rung is a multiple with a size written beside it.

## What the position costs to hold

A round trip is paid twice and finished; funding runs while the position is open. Hyperliquid
pays it hourly and ApeX Omni hourly, capped at five basis points an hour. EVEDEX
computes the rate every eight hours per pair, settling one eighth each hour
(EVEDEX trading terms; 18 September 2026).

The second holding cost carries no rate. edgeX matches unfilled liquidations against the most
profitable opposite positions at the bankruptcy price
(edgeX deleveraging, checked 18 September 2026); Hyperliquid ranks the accounts on the other
side by unrealised profit and by the leverage they are running.

## What was read, and what was measured

Five criteria fixed on 18 September 2026, before a venue was read against them, applied here to
6 venues ([the formula](/method)). Fee schedules, tiers and market counts come from
each venue's own pages, read on 18 September 2026; spread, depth and price impact are ours, read
on a ten-minute cycle that ran the length of 22 September 2026. No accounts opened, no orders placed.

Entry-tier rates ignore volume tiers, staking, referrals and cashback, and a schedule can change
without notice. Funding and auto-deleveraging are described here, not priced. Books were read on BTC.
This site takes payment for placement; the order comes from the published formula.

## FAQ

### Why are some high-leverage venues missing from this fee table?

Because this site ranks ladders, and four venues publish a cap without one. Lighter, dYdX and
Paradex each set a 2% initial margin on BTC and print no notional step underneath it; Aevo prints
5% and a position cap. Their fees are named in the text and priced on no row.

### Am I a maker or a taker when I open a leveraged position?

A market order takes liquidity off the book and pays the taker rate; a resting limit order pays
the maker rate. Most leveraged entries are market orders, which is why the taker column orders
this page. At Aster that gap is 0% against 0.040%.

### How often is funding paid on perpetuals?

It depends on the venue, and it is charged separately from the trading fee. Hyperliquid pays
funding every hour and ApeX Omni hourly with a cap of five basis points an hour, while EVEDEX
computes a rate every eight hours and settles an eighth of it hourly. A position held for days
pays it repeatedly.

### Can the exchange close my position while it is in profit?

Yes, through auto-deleveraging. edgeX matches unfilled liquidations against the most profitable
opposite positions at the bankruptcy price, and Hyperliquid ranks the accounts on the opposite
side by unrealised profit and by the leverage they are running. It is a real cost of holding a
levered position, and no fee page prices any of it, at any venue here.

### Do trading fees drop as my volume grows?

On some venues. ApeX Omni reaches a zero maker fee only at VIP 5, which asks for $500,000,000 of
14-day volume, and edgeX prices its entry tier below $10,000,000. Extended runs one flat schedule
for every account, so volume changes nothing.

### Is the advertised fee the one I actually pay?

Not always. The edgeX help-centre fee article, updated 12 February 2026, still shows 0.018% maker
and 0.038% taker, while its live tier page shows 0.040% and 0.045%. Read what the venue prices on
today, and keep the date you read it.

### How much of my margin goes to fees at 50x?

Take a $10,000 position at 50x, where the margin behind it is $200. A round trip at 0.045% taker
costs $9.00, which is 4.5% of that margin. At the cheapest schedule on this plate it costs $5.00,
or 2.5%, and at the dearest $10.00, or 5.0%.

### Do I pay gas fees to trade perpetuals?

Not for the trade itself on these venues. ApeX Omni states there are no gas fees for trading, and
matching happens away from the chain on most of this page. Moving money is where the network
appears: an Extended withdrawal crosses a third-party bridge.

### Does funding cost more than the trading fee?

Often, on anything held longer than a session. A round trip is paid twice and then it is done,
while funding is charged for as long as the position lives, hourly on Hyperliquid and ApeX Omni.
At 100x it lands on a very small base.

### Why are fees different on two markets on the same exchange?

Because a schedule covers a product rather than a venue. Aster prices crypto perpetuals in
order-book mode at 0% maker and 0.040% taker, and runs other products apart. Extended charges
0.010% taker on real-world assets, against 0.025% on the crypto ones.

## About this plate

One published formula, fixed before any venue was scored; every figure carries the date it was read. Venue terms and leverage ladders come from each venue's own documentation; order-book figures are measured here. Corrections: corrections@aurascopeapp.com.

The Leverage Ladder desk, 24 September 2026

A plate is paid for.