Maximum leverage
by perp DEX.

The highest leverage 48 perpetual DEXs offer according to their own docs, what it means for liquidation, and where the limits apply.

By PerpsAtlas Research · Data as of 08 Oct 2026 · 14:44 UTC. The text below is calculated from the same capture as the directory and changes when the data does.

• Venues checked48
• Median maximum50×
• Above 100×9
• Highest1001×

What the docs show

We checked the highest leverage that 48 perp DEXs state in their own documentation or API. The median venue offers up to 50×; 9 offer more than 100× on at least one market, led by Aster, gTrade (Gains Network) and Antarctic.

The maximum usually applies only to one or two large markets such as BTC or ETH, often with small position-size limits. Most markets, and almost all stock, commodity and FX perps, allow much less.

Leverage sets how far price can move before your margin is gone. At 100× a move of about 1% against you wipes out the initial margin, and liquidation usually happens earlier because of maintenance margin and fees. The “liquidation move” column shows this simple 1 ÷ leverage figure before maintenance margin, fees and funding; use the liquidation calculator for a closer estimate.

Maximum leverage by venue

Perp DEX maximum leverage

#	Venue	Max leverage	Open interest	Liquidation move at max	Source
1	Aster	1001×	$1.35B	0.1%	docs ↗1001x on BTC/USD in 1001x mode; ETH 250x, forex 200x, other crypto 75x
2	gTrade (Gains Network)	1000×	$2.41M	0.1%	docs ↗major FX pairs (EUR/USD, USD/JPY, GBP/USD, USD/CAD); degen crypto pairs 500x
3	AAntarctic	500×	$349.81M	0.2%	docs ↗gold_usdt 500x in the smallest bracket only; BTC/ETH 100x; most crypto 50x; stocks 5-10x
4	Veranta (Avantis)	500×	$65.43M	0.2%	docs ↗BTC/ETH/SOL Upside Perps; overview also says 500x on forex/commodities
5	Storm Trade	500×	$603.75K	0.2%	docs ↗'leverage of up to x500'; the public API minInitMarginRatio also implies 500x max on active markets
6	Jupiter Perps	250×	$54.46M	0.4%	docs ↗250x on SOL/ETH/wBTC; Beta markets 10-20x
7	Ostium	200×	$8.85M	0.5%	docs ↗major FX pairs (EUR/USD, GBP/USD, USD/CAD, USD/CHF); docs also list BTC/ETH and US500/US30 at 200x, but on-chain group caps show crypto and indices at 100x
8	Bullbit	150×	$21.94M	0.67%	docs ↗official API mmRateSetting.maxLeverage: BTCUSD 150x, ETHUSD 100x, 25 markets 50x, 14 markets 20x
9	Gate Perp DEX	125×	$8.16M	0.8%	docs ↗risk-limit table, tier 1 (up to 1,000,000 notional): 125x; the cap decreases at higher tiers
10	edgeX	100×	$221.71M	1%	docs ↗
11	Extended	100×	$96.78M	1%	docs ↗
12	Vest	100×	$93.69M	1%	docs ↗
13	ApeX Omni	100×	$79.38M	1%	docs ↗BTC/ETH; TradFi up to 50x
14	Primit	100×	$63.10M	1%	docs ↗homepage: 'Leverage up to 100x, where available'; whitepaper (primit.io/whitepaper) says up to 50x at v1 launch
15	GMX	100×	$55.05M	1%	docs ↗
16	PopDEX	100×	$38.89M	1%	docs ↗official API futures-tier: 100x first tier on BTCUSDT and ETHUSDT; most other crypto 50x; RWA markets 20x (e.g. AAOIUSDT)
17	Orderly	100×	$18.60M	1%	docs ↗BTC/ETH/SOL base_imr 1% = 100x
18	SunX	100×	$5.59M	1%	docs ↗official API, tier-1 max_lever queried for all 286 active contracts: 100x on BTC-USDT and ETH-USDT; BNB 75x; most others 50x or lower
19	Injective Perps (Helix)	100×	$1.50M	1%	docs ↗'typically 25x for equities, 50x for commodities, and 100x for FX'; chain API initial_margin_ratio on FX perps is about 0.0099 (about 101x); pre-IPO/index perps 5x
20	TxFlow	75×	$27.89M	1.3%	docs ↗BTC/ETH up to 75x per official API perpMeta; other markets lower
21	Variational	50×	$1.08B	2%	docs ↗
22	Lighter	50×	$857.12M	2%	docs ↗50x on BTC/ETH; API min initial margin also caps at 50x (incl. EURUSD, SPY)
23	GRVT	50×	$461.92M	2%	docs ↗official market-data API risk brackets: 50x BTC/ETH, others lower; site BTC page says 'up to 50x'
24	Polymarket Perps	50×	$92.42M	2%	docs ↗4 markets at 50x per live instruments API; FAQ text still says up to 20x (crypto/SP500/oil/gold/silver), RWA up to 10x
25	Arcus	50×	$76.74M	2%	docs ↗
26	Pacifica	50×	$63.62M	2%	docs ↗50x on BTC, ETH, EURUSD, USDJPY; 20x on SOL, XRP, HYPE, DOGE, BNB, SP500; most markets 10x (49 of 77), some 5x or 3x
27	Nado	50×	$41.87M	2%	docs ↗50x on BTC and ETH per official gateway API risk weights; SOL and FX (EURUSD/GBPUSD/USDJPY, isolated) 40x
28	dYdX	50×	$41.20M	2%	docs ↗from initialMarginFraction 0.02 on largest markets
29	Paradex	50×	$10.49M	2%	docs ↗max 1/imf_base across perps
30	Decibel	50×	$3.58M	2%	docs ↗
31	Meridian	50×	$2.76M	2%	docs ↗official API maxLeverage: 50x on SPY/QQQ mPerps, 20x XAU/XAG, 10x BTC/ETH/SOL/HYPE
32	Katana Perps	50×	$760.91K	2%	docs ↗from initialMarginFraction 0.02 on BTC-USD and ETH-USD; others 5-20x
33	Hyperliquid	40×	$8.33B	2.5%	docs ↗
34	SoDEX	40×	$115.01M	2.5%	docs ↗
35	Phoenix Perps	40×	$27.70M	2.5%	docs ↗BTC 40x per official API leverageTiers; most RWA 10-25x
36	SStandX	40×	$20.66M	2.5%	docs ↗BTC/ETH/XAU/XAG/CL 40x
37	BULK	40×	$11.41M	2.5%	docs ↗official API: BTC-USD 40x is the highest among TRADING markets (ETH 25x, SOL/XRP/PAXG 20x, others 10x). Contract spec page says 'Up to 100x (per instrument)'.
38	Bluefin Pro	40×	$1.10M	2.5%	docs ↗BTC-PERP; ETH/SOL/SUI 25x, others 20x
39	DipCoin	40×	$629.95K	2.5%	docs ↗official API maxLeverage: 40x on BTC, ETH and S&P500; 30x NDX100; other markets 20x. Isolated margin only.
40	SynFutures	33×	$1.21M	3%	docs ↗derived: docs give no leverage number; lowest initial margin ratio is 3% (BTC/ETH-USDC on Base) = ~33x; community pairs IMR 10% = 10x
41	Hibachi	30×	$1.37M	3.3%	docs ↗official API: initialMarginRate 0.033333 (=30x) on BTC/USDT-P and EUR/USDT-P; others 20x or lower
42	RISEx	25×	$39.82M	4%	docs ↗
43	Astros	25×	$14.16M	4%	docs ↗official API maxLever: 25x on BTC/ETH, 3-20x on others; docs Margin page also says max 25x; homepage marketing text mentions both '20x' and 'Up to 50x'
44	Synthetix	25×	$270.82K	4%	docs ↗BTC, ETH, SOL, XRP, DOGE
45	Aevo	20×	$11.95M	5%	docs ↗5 markets at 20x, most 3-10x
46	Aftermath Perps	20×	$923.61K	5%	docs ↗20x on BTC, ETH, SOL, XAUT; most others 10x/5x/3x; matches 1/marginRatioInitial in official API
47	Derive	15.15×	—	6.6%	docs ↗BTC/ETH standard margin max_leverage; portfolio margin may differ
48	Perpl	15×	$1.57M	6.7%	docs ↗official API: BTC initial_margin=1500 (hundredths of x, per docs types page '1000 = 10x max') → 15x; ETH/SOL 12x, MON/HYPE/ZEC 10x, others 3-5x

Open interest and fees: DefiLlama, captured 08 Oct 2026 · 14:43 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 14:43 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗

Market data, not investment advice. Venue links in the directory may be referral links; they never change rankings. Disclosure