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![ruslan55x Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1519567230245404673.png) r 🕯️ [@ruslan55x](/creator/twitter/ruslan55x) on x 3364 followers
Created: 2025-07-22 15:43:32 UTC

Today I decided to compare major Exchanges and Perp DEXs, specifically their trading fees

To make things easier, I used a $1M trade volume as the baseline so you can better estimate your potential costs:

• Hyperliquid - $XXX
• Lighter - $X
• DyDX - $XXX
• GMX - $XXX
• Drift - $XXX
• Paradex - $XXX
• Aster - $XXXXX
• Binance - $XXX
• Coinbase - $XXXXX
• Bybit - $XXX
• OKX - $XXXXX
• Kucoin - $XXX
• Gate - $XXX
• MEXC - $XXX

Well, I gotta say @Lighter_xyz wins this comparison hands down! 

If I made any mistakes in the calculations, drop a comment - I’m all ears for your feedback! 👇

@vnovakovski @cryptoyaos @0x_Swiper @babastianj @33lessons @manud_p @mttbck17 @IPALAU1 @hansolar21 @derteil00 @whitesocks256 @mdzzi @CryptoA77468 @0xphatbear @DoNotTTS @KevinSusanto @ava0x_eth @AlexPaz0X @Louround_
@yh_0x @venividi_trade @DidiTrading @vnkaveri


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947683939579023361/c:line.svg)

**Related Topics**
[1m](/topic/1m)
[kucoin](/topic/kucoin)
[okx](/topic/okx)
[bybit](/topic/bybit)
[binance](/topic/binance)
[drift](/topic/drift)
[gmx](/topic/gmx)
[hyperliquid](/topic/hyperliquid)

[Post Link](https://x.com/ruslan55x/status/1947683939579023361)