BTC
Crypto3 DEXesBTC perpetual listed across 3 HIP-3 DEXes. Compare collateral, liquidity, funding, and fees before choosing where to trade.
About BTC
The original cryptocurrency — decentralized digital money and the dominant store-of-value asset in crypto.
Bitcoin is a decentralized digital currency that operates on a proof-of-work blockchain network, enabling peer-to-peer value transfer without intermediaries. Launched in 2009, it introduced the concept of trustless, censorship-resistant money secured by cryptographic mining. Bitcoin's fixed supply cap of 21 million coins and its roughly four-year halving schedule create a disinflationary issuance model that underpins its "digital gold" narrative. The network processes transactions through a global network of miners and nodes, with settlement finality measured in blocks rather than institutional clearinghouses. Bitcoin is the largest cryptocurrency by market capitalization and the most widely held digital asset across both retail and institutional portfolios. For traders, BTC serves as the primary risk barometer for the entire crypto market — its price action tends to set the directional tone for altcoins, and it is the most liquid crypto perpetual on virtually every derivatives venue.
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Compare venues
Compare liquidity, collateral, cross-margin availability, and funding across all live DEXes for BTC.
| DEX | Collateral | Cross Margin | Mark Price | 24h Vol | OI | Funding | Taker FeeTier 0 default. No wallet discounts or referrals applied. | Maker FeeTier 0 default. No wallet discounts or referrals applied. | Max Lev | Trade |
|---|---|---|---|---|---|---|---|---|---|---|
HyENAMost liquidLowest fee hyna | USDe | Yes | $73,950 | $9.2M | $45.6M | -0.0023% | 0.081% | 0.030% | 40x | Trade↗ |
Felix Exchange flx | USDH | Isolated only | $90,609.6 | $0.00 | $0.00 | 0.0000% | 0.081% | 0.030% | 1x | Trade↗ |
Dreamcash cash | USDT | Yes | $70,000.00 | $0.00 | $0.00 | 0.0000% | 0.090% | 0.030% | 40x | Trade↗ |
Pick the right venue
Start from your collateral first, then confirm liquidity and fees, and treat cross margin as a secondary account-mode decision.
Cross margin requires Unified Account or Portfolio Margin, and deployers enable it market by market.
Lowest default Tier 0 fee: HyENA with 0.081% taker and 0.030% maker.
- Trade on hyna↗hynaHyENAUSDeLowest fee
Ideal if you want to earn yield (up to 12% APY) on your margin while holding positions.
Default Tier 0 fees: 0.081% taker / 0.030% maker
Cross margin available. USDe margin crosses within HyENA. Scope may expand under Unified Account if other DEXes use USDe.
Full details → - Trade on flx↗flxFelix ExchangeUSDH
Best if you already use Felix Protocol for USDH lending and want an integrated DeFi experience.
Default Tier 0 fees: 0.081% taker / 0.030% maker
Currently isolated-only on this market. Under Unified Account, USDH margin is shared with Kinetiq Markets, Ventuals. Under Standard Account, cross margin stays within this DEX only.
Full details → - Trade on cash↗cashDreamcashUSDT
Lowest barrier to entry — USDT margin, mobile-friendly, good for casual traders.
Default Tier 0 fees: 0.090% taker / 0.030% maker
Cross margin available. USDT margin crosses within Dreamcash. Scope may expand under Unified Account if other DEXes use USDT.
Full details →
* Cross margin requires Unified Account or Portfolio Margin, and is enabled per market by the deployer.


