Best zero-fee perp DEXs in 2026

Zero-fee perp DEXs can reduce friction for active traders, but the full picture still depends on liquidity, spreads, funding, market depth and withdrawal costs.

1 Lighter Ethereum

24h volume $1.44B

Fees 0% / 0%

Season 2 Trade↗

2 GRVT zkSync · Ethereum

24h volume $1.41B

Fees -0.0001% / 0.045%

Active Trade↗

3 Variational Ethereum · Arbitrum

24h volume $757.1M

Fees 0% / 0%

Active Trade↗

4 Extended StarkEx · Starknet

24h volume $558.8M

Fees 0% / 0.025%

Active Trade↗

5 Hibachi Ethereum

24h volume $12.0M

Fees 0% / 0.045%

Active Trade↗

6 Ethereal Ethena

24h volume $10.2M

Fees 0% / 0.03%

Active Trade↗

7 Hotstuff Ethereum

24h volume $7.6M

Fees -0.002% / 0.025%

Active Trade↗

8 Drift Solana

24h volume —

Fees -0.0025% / 0.035%

Not active Trade↗