Best of · Avalanche · Updated
The best Derivatives dApps on Avalanche in 2026
We track 8 Derivatives dApps that run on Avalanche and have reviewed 5 of them in full. Our top pick is Gmx. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
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 — - 2
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% - 3
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% - 4
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% - 5
ApeX Pro
Derivatives · Ethereum, Polygon, Arbitrum +4
ApeX Pro is a decentralized derivatives trading platform for leveraged perpetuals. Its current branding also promotes ApeX Omni, so check which product and trading terms you’re using before connecting a wallet.
ScoreScore 5.7 out of 10TVL $1.28M−0.1% - 6
Float
Derivatives · Polygon, Avalanche
Float is a derivatives project on Polygon and Avalanche. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
ScoreNot rated yetTVL $144K−0.1% - 7
RubyDex
Derivatives · Ethereum, Optimism, Arbitrum +7
RubyDex is a derivatives project on Ethereum, Optimism, Arbitrum and Bnb Chain. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
ScoreNot rated yetTVL $24−0.1% - 8
Hubble Exchange
Derivatives · Avalanche
Hubble Exchange is listed as inactive, so it is not a platform to rely on for trading now. It was designed for multi-collateral perpetual futures on Avalanche, but current access and operating details are unclear.
ScoreNot rated yetTVL $2−0.8%
Derivatives dApps on Avalanche: the numbers
- Tracked
- 8
- Reviewed
- 8
- Total TVL
- $40.7M
- Avg. score
- 5.9/10
The SkyBitcoins index lists 8 derivatives dApps on Avalanche. Every one of them has a full review. The 7 that report TVL hold $40.7M between them, counting value on every chain they support. Orderly Bridge dominates, with 58% of that total. The top five account for 100%, while the median derivatives dApp holds $1.28M.
Ranked by TVL, Orderly Bridge ($23.5M), MUX Perps ($8.96M) and Contango V2 ($6.80M) lead the field. The best-rated is Gmx with 6.2/10, followed by Orderly Bridge (6.0) and Contango V2 (5.9). The 5 rated derivatives dApps average 5.9/10, and none scores 8 or above yet.
Many also deploy elsewhere, most often on Arbitrum (6), BNB Chain (5) and Optimism (5). Of the 6 with a confirmed status, 5 are active and 1 is inactive or wound down. Over the last seven days, combined TVL fell 6.3%. Orderly Bridge dropped the most (−9.6%).
Largest by TVL
- 1
Orderly Bridge$23.5M
- 2
MUX Perps$8.96M
- 3
Contango V2$6.80M
- 4
ApeX Pro$1.28M
- 5
Float$144K
Highest rated
- 1Gmx6.2
- 2
- 3
- 4
- 5
Method
How we ranked them
Reviewed dApps come first. Each SkyBitcoins review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.
Guides
Related guides
Blockchain
How to Use Base: A Practical Guide for 2026Base is an Ethereum Layer 2 that lets you use compatible wallets and apps with ETH for gas. Learn how to set up a wallet, move funds, estimate costs and avoid common risks.
Frequently asked questions
What is the largest derivatives dApp on Avalanche by TVL?
Orderly Bridge is the largest derivatives dApp on Avalanche by total value locked, with $23.5M across all the chains it supports. It is followed by MUX Perps ($8.96M) and Contango V2 ($6.80M). TVL figures come from DefiLlama and change daily.
Which derivatives dApp on Avalanche has the highest SkyBitcoins score?
Gmx has the highest score at 6.2/10, ahead of Orderly Bridge (6.0) and Contango V2 (5.9). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many derivatives dApps on Avalanche has SkyBitcoins reviewed?
SkyBitcoins tracks 8 derivatives dApps on Avalanche. Of these, 8 have a full review and 7 report value locked, $40.7M in total, counting value on every chain they support.
Which derivatives dApps on Avalanche grew the most this week?
Among derivatives dApps with at least $1M locked, Orderly Bridge the biggest drop (−9.6%). Combined TVL moved −6.3% over the same seven days.
What is the average score for derivatives dApps on Avalanche?
The 5 rated derivatives dApps on Avalanche average 5.9 out of 10. Of these, 0 score 8 or higher and 0 score below 5.