edgeX vs Deribit

edgeX vs Deribit: which to use

edgeX vs Deribit is a decentralized exchange against a centralized one. On edgeX you trade from your own wallet without ID, at 4 bp maker and 4.5 bp taker and up to 100x. Deribit requires ID, proof of address and a financial profile before any deposit, holds your funds in an account, and charges 1.5 bp maker and 3.5 bp taker, with up to 50x. edgeX lists 179 perp markets, 107 of them real-world assets, against 134 and 34 on Deribit. Custody, ID and fee level are the main differences between them.

How each exchange is built

edgeX is a decentralized exchange (DEX) that runs on edgeX L2. You trade from a self-custody wallet, with a wallet or MPC login. It matches orders on a central limit order book.

Deribit is a centralized exchange (CEX): you open an account with the company, and the account holds your funds. It also matches orders on a central limit order book.

The order-book depth in the Head to head table above shows how each book compares. The difference for you is custody: a wallet you control on edgeX, an account at a company on Deribit.

Fees and what they mean

edgeX's base tier is 4 bp maker and 4.5 bp taker, per edgeX's fee page. Deribit's base tier is 1.5 bp maker and 3.5 bp taker, read from Deribit's API, which has no fee page to link.

A market order pays the taker fee to open and again to close: 9 bp per round trip on edgeX, 7 bp on Deribit. A limit order that rests on the book pays the maker fee instead, 4 bp on edgeX and 1.5 bp on Deribit.

Fees are only part of a trade's cost. Slippage, the price you move by eating through the order book, grows with size. The cost table above adds both at each size from $1k to $5M, and every exchange's trading cost is compared on one page.

Markets and leverage

As of 1 October 2026 edgeX lists 179 active perps, 107 of them stocks, commodities, FX or other real-world assets. Deribit lists 134, 34 of them real-world assets.

edgeX allows up to 100x and Deribit up to 50x on their highest-leverage markets; most markets allow less. edgeX pays funding every 4 hours on every market. Deribit pays every hour on every market. A positive rate means longs pay shorts. An hourly market settles 24 times a day and a 4-hour market 6 times. The list further down this page shows the markets both exchanges have and each one's funding rate.

Who can use them

edgeX asks for no ID: a wallet or MPC login works. It is closed to US and Ontario residents and sanctioned countries, and it forbids VPNs.

Deribit requires KYC: ID, proof of address and a financial profile before any deposit. It is closed to the US, Canada, Japan and retail UK clients.

Vaults, tokens and points

edgeX has no vault that arb.sh tracks. Its token is $EDGE, and as of 19 September 2026 its points and airdrop program was "Active". You can follow points programs and token launches on one page.

Reading the numbers on this page

Both exchanges publish open interest as one side of open positions, so the open interest row and chart above compare like with like.

Deribit publishes no TVL, as is usual for a centralized exchange, so the TVL row and chart show edgeX alone. That figure is DefiLlama's number for the deposits the edgeX bridge holds.

Which one fits you

• Pick edgeX if you want to keep funds in your own wallet and trade without ID.
• Pick edgeX if you want more than 50x, up to 100x on its highest-leverage markets.
• Pick edgeX if you want stocks, commodities and FX on the same exchange as crypto: 107 of its 179 markets.
• Pick edgeX if you want a points and airdrop program, active as of 19 September 2026.
• Pick Deribit if you prefer an exchange account and accept ID, proof of address and a financial profile.
• Pick Deribit if you trade with market orders or rest limit orders often: 3.5 bp taker and 1.5 bp maker against 4.5 bp and 4 bp.
• Pick Deribit if you want funding on an hourly schedule on every market.