Derivatives · Alternatives
The best Contango V1 alternatives in 2026
Contango V1 offered expiring DeFi derivatives, but it is marked inactive; avoid deposits unless its contracts and operating status are verified. If Contango V1 is not the right fit, these 12 reviewed Derivatives options are the closest matches, ranked by SkyBitcoins score. Read our full Contango V1 review
At a glance
Contango V1 vs the alternatives
| dApp | Score | TVL | Chains |
|---|---|---|---|
| Score 2.5 out of 10 | $267K | 2 | |
| Score 7.2 out of 10 | — | 1 | |
| Score 6.7 out of 10 | — | 1 | |
| Score 6.3 out of 10 | $131K | 3 | |
| Score 6.3 out of 10 | — | — | |
| Gmx | Score 6.2 out of 10 | — | 2 |
| Score 6.2 out of 10 | — | 2 | |
| Score 6.0 out of 10 | $23.5M | 19 | |
| Score 6.0 out of 10 | $242K | 1 | |
| Score 5.9 out of 10 | $6.80M | 10 | |
| Score 5.8 out of 10 | $8.96M | 5 | |
| Score 5.8 out of 10 | $2.27M | 1 | |
| Score 5.8 out of 10 | — | 1 |
Ranked
Top Contango V1 alternatives
- 1
Hyperliquid
Derivatives · Hyperliquid L1
Hyperliquid is an onchain trading platform and Layer 1 for spot and perpetual markets. It offers broad market access and non-custodial trading, but you should check current costs and understand margin risk before connecting a wallet.
ScoreScore 7.2 out of 10TVL — - 2
Derive
Derivatives · Ethereum
Derive is an Ethereum-based venue for options and perpetuals, with spot and vault products also listed. Its self-custody and audit claims are useful, but check current fees, collateral rules and access before trading.
ScoreScore 6.7 out of 10TVL — - 3
Volmex
Derivatives · Arbitrum, Ethereum, Polygon
Volmex publishes crypto volatility benchmarks and data feeds, with linked derivatives traded on outside venues. Its free API is accessible, but trading costs, venue rules and the risks of leveraged contracts need checking before you act.
ScoreScore 6.3 out of 10TVL $131K−0.1% - 4
Grvt
Derivatives
Grvt combines perpetuals, spot trading and yield features, with leverage up to 50x. Check the current fees, custody setup and eligibility rules before depositing.
ScoreScore 6.3 out of 10TVL — - 5
Gmx
Derivatives · Arbitrum, Avalanche
GMX is a wallet-based decentralized exchange for spot swaps and perpetual trading on Arbitrum and Avalanche. It avoids a traditional exchange account, but trading costs and smart-contract risks need careful checking.
ScoreScore 6.2 out of 10TVL — - 6
Gtrade by Gains Network
Derivatives · Arbitrum, Polygon
gTrade is a non-custodial perpetuals exchange for crypto and traditional-asset markets. Its high leverage raises the stakes, and you should check the full trading costs and liquidation rules before opening a position.
ScoreScore 6.2 out of 10TVL — - 7
Orderly Bridge
Derivatives · Ethereum, Solana, BNB Chain +16
Orderly is trading infrastructure for branded perpetual DEXs, not a conventional token bridge or a single exchange. Traders use it through connected apps, so check that app’s fees, markets and terms before connecting a wallet.
ScoreScore 6.0 out of 10TVL $23.5M−9.6% - 8
Orderly Chain
Derivatives · Ethereum
Orderly supplies shared order-book infrastructure for branded perpetual DEXs, rather than being just one exchange. It may suit traders who find a venue they trust, but check that venue’s fees, supported network and withdrawal process before depositing.
ScoreScore 6.0 out of 10TVL $242K−0.9% - 9
Contango V2
Derivatives · Arbitrum, Ethereum, Base +7
Contango V2 automates leveraged positions using DeFi lending markets. It may suit experienced traders, but costs, liquidation risk and contract exposure need careful checking.
ScoreScore 5.9 out of 10TVL $6.80M−0.4% - 10
MUX Perps
Derivatives · Arbitrum, Avalanche, BNB Chain +2
MUX Perps is a multi-chain perpetuals trading app and aggregator. Its routing and margin options may suit active traders, but check the full costs, liquidation rules and contract risks before funding a wallet.
ScoreScore 5.8 out of 10TVL $8.96M−2.3% - 11
Ostium
Derivatives · Arbitrum
Ostium offers leveraged perpetual markets for assets such as FX, commodities, equities and crypto, through an Arbitrum-based trading app and an institutional API. It may suit experienced traders, but check the fees, contract risks and availability in your jurisdiction before depositing.
ScoreScore 5.8 out of 10TVL $2.27M−4.4% - 12
Dydx
Derivatives · dYdX
dYdX is a decentralized platform for trading crypto perpetual contracts on dYdX Chain. It may suit experienced traders, but check the full trading costs and risks before funding a wallet.
ScoreScore 5.8 out of 10TVL —