6 Best Perpetual Contract Exchanges [A Must Read]

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The concept of Perpetual contract trading is a state of the art that is yet to be offered by the numerous exchanges present today. Therefore, this article has articulated the best and most trusted crypto exchanges offering perpetual contract trading. 

	BYDFI	Binance	Kalshi	Bybit	OKX
No. of perpetual contracts	55	137	13	18	139
No. of Futures contracts	–	43	–	4	1336
Founded in	2014	2017	2018	2018	2018
Fees(taker and maker fee)	0.06% and 0.02%	0.01% to 0.05%	Tiered by 30d volume	0.075% and 0.025%	0.05% and 0.02%

What are Perpetual contracts?

To understand what perpetual contracts are, we must first understand what futures contracts are, so let us get to it. 

Futures contracts are agreements to trade (buy or sell) an asset at a predetermined price at a specific time in the future. 

With perpetual trading, you can speculate on the future prices of cryptocurrencies. Hence, perpetual contract trading is an agreement to let you buy or sell an asset at a set price without any expiry date.

Therefore, it allows you to get rid of re-establishing long or short positions and carry on in your positions for as long as you wish to. 

The missing expiration date gives rise to a price anchoring system called the funding rate mechanism in exchanges that offer perpetual contracts which balance the long and short positions by incentivizing or disincentivizing trades. 

6 Best Perpetual Contract Exchanges

Here are five of the best perpetual contract trading exchanges:

What is BYDFI?

BYDFI is an excellent platform that aims to be a one-stop trading platform for all digital assets. 

BYDFI gives you access to the crypto market via spot trading, Contracts for Differences (CFD), perpetual contract trading services, a grid trading system, and copy trading services.

BYDFI Features

• BYDFI Perpetual contracts are available for the following cryptocurrencies: Bitcoin, Ethereum, XRP, and Polkadot.
• Further, the maximum leverage offered by the platform for each trading pair is different. 
• To understand the calculation of Profit and loss, the traders should be aware of the following variable terms: Average Entry Price of position, Unrealized P&L and unrealized P&L% of position, and Closed P&L. To learn more, read BYDFI review.
• Besides, other passive income sources offered by the platform include the BYDFI affiliate program, Mystery boxes, and daily mining. 
• BYDFI fees: BYDFI charges a taker fee of 0.06% and a maker fee of 0.02%. 
• You can download the BYDFI app, which is available for iOS and Android devices. 

What is Binance?

Binance is the most prominent and top cryptocurrency exchange, with the highest trading volume of any other exchange. 

Presently, Binance gives you access to all the high cap coins and some more obscure ones such as ONT, BAT, QTUM, and IOST.

Binance Features

• You can find the highest leverage on the BTC contract at 125x, along with other contracts at a leverage of 75x or 50x. 
• Each asset has limited maximum and minimum contract quantities, subject to liquidation fees and margin rates. To learn more, read the Binance review.
• Moreover, your account must hold enough balance to cover liquidation. 
• Based on your selection of leverage, you can calculate initial margin deposits.  
• Additionally, with Binance, you are entitled to several bonuses and gifts for referring Crypto derivatives to other clients. 
• Binance fees: Binance offers a reasonable trading fee ranging from 0.01% to 0.05% of your transaction value.
• The only issue with Binance is that it is not available to traders residing in the US, which can be resolved using a VPN. 

What is Kalshi?

• Founded in 2018, Kalshi is a CFTC-regulated exchange best known for its event contracts, and since June 2026 it is also the first venue in American history to list perpetual futures.
• Kalshi runs its perpetual contracts under CFTC oversight rather than offshore, which makes it the only fully regulated way for a US trader to hold a perp position.

Bitcoin perpetuals went live on 3 June 2026 under the ticker BTCPERP, after the CFTC cleared the product on 29 May. Volume passed $100 million in the first 24 hours and $1 billion within a week, making it the fastest-growing product Kalshi has launched.

 Kalshi Features

• Perpetual contracts are available on 13 crypto assets: Bitcoin, Ethereum, Solana, XRP, Dogecoin, Chainlink, Polkadot, Litecoin, Bitcoin Cash, Sui, Stellar, Shiba Inu and Hedera.
• Funding occurs every 8 hours and is capped at 2% of your position per period, which limits the cost of holding through a crowded trade.
• Contracts are priced against CF Benchmarks indices rather than a single exchange feed. Bitcoin references the Bitcoin Real-Time Index, which updates every second.
• Maximum leverage is conservative by design: roughly 5.7x on Bitcoin, around 4.3x on Ethereum, and closer to 2x to 3x on mid-caps. Kalshi can adjust these limits without notice.
• Margin sits in protected futures accounts at Kinetic Markets, Kalshi’s affiliated FCM, and at the clearinghouse, rather than on the exchange balance sheet.
• Perps require a separate margin account that you must apply for, and they are open to US residents only. Traders outside the United States cannot access them.

What is Bybit?

Bybit claims to be a “One-Stop Platform for all things derivatives” and started in 2018. 

Bybit offers a wide range of derivatives products, including USD Margined Perpetual, Coin Margined Inverse Perpetual, copy trading, Coin Margined Inverse Futures, etc. 

Bybit Features

• The maximum and minimum order size ranges from 0.001 BTC to 100 BTC. The platform guarantees that it can hold up to 100,000 transactions per second.
• Like Kalshi, the funding intervals on Bybit also last for 8 hours.
• Bybit fees: The trading fee on Bybit is 0.075% of the transaction from the market taker but, in return, grants 0.025% of the trade to the market maker.
• Besides, You can also get your hands on excellent educational resources for beginners to learn to trade on the platform. 
• You can install the Bybit application on Android and iOS devices and enjoy the bonus of joining the platform as a new user. 

What is OKX?

OKX is among one of the most trusted cryptocurrency platforms worldwide for buying Bitcoin (BTC), Ethereum (ETH), USDT, and many more. 

Derivatives products offered by the platforms include Futures contracts, Perpetual contracts, and Options. 

OKX Features

• Furthermore, OKX holds the largest selection of altcoins and cryptocurrencies for future contracts. 
• Moreover, the funding rate mechanism imposes price convergence at a regular interval of 8 hours. 
• Besides, there is a contract size of 100 USD. You can trade at a long/short position on cryptocurrencies that offer up to 125x leverage and claim the Profit based on the price movement. 
• OKX fees: The maker and taker fee for perpetual contracts on OKX is 0.02% and 0.05%, respectively. This fee will be further reduced when you attain VIP status on this platform. 
• The feature that distinguishes it from all other contenders is that it allows you to pair derivatives trade with fiat currencies. This resolves the issue of exchanging from one currency to another while withdrawing your funds.
• This platform ensures you understand the concept of perpetual contracts and provides various educational resources.

What is GMX?

GMX is a user-friendly exchange that provides detailed information on trading, fees, and liquidity. The platform provides precise information on its managed assets, trading volumes, fees, and trader positions. It also includes documentation and instructions on how to bridge to Avalanche or Arbitrum, as well as obtain GMX and GLP tokens.

The exchange provides a straightforward method for comprehending its mechanics. Some of the features provided by the exchange are:

• Staking
• Swaping
• Perpetual Trading

GMX Features

• GMX.io is a DEX that is built on Arbitrum and Avalanche.
• Users can trade their BTC, ETH, AVAX, and other top cryptocurrencies with up to 30x leverage directly from their wallet.
• GMX is the utility and governance token accrues 30% of the platform’s generated fees.
• GLP is the liquidity provider token that accrues 70% of the platform’s generated fees.
• According to the GMX.io Official Documentation, the forecasted maximum supply is 13.25 million GMX tokens.
• GMX.io team can also increase its maximum supply.
• GMX.io is only audited once by ABDK Consulting.
• GMX.io Team has also created a bug bounty on Immunefi, which has been live since January 2021.
• GMX is currently listed on CoinW, Bybit, BingX, MEXC, and MEXC.
• Users can get fee discounts and earn rebates through the GMX referral program.

Conclusion

In this article, we have narrowed down some of the most trusted and prominent platforms where you can practice using crypto derivatives products. Among all the platforms mentioned above, the ideal platform for perpetual contracts is BYDFI, a one-stop trading platform for all digital assets, which is simple yet powerful. Furthermore, its low trading fees and beginner-friendly nature make it one of the most preferred platforms.

Frequently Asked Questions

Also, read

• BYDFI vs Binance vs MEXC
• 5 Best Crypto Futures Trading Exchanges
• 3 Free Futures Trading Bots in Bear Markets
• Best Futures Trading Signals
• A Guide to Binance Futures Trading