Paradex Review: What to Check Before Trading
Paradex is a Starknet-based derivatives DEX, but there isn’t enough confirmed detail to judge its costs or safeguards. Check current terms before connecting a wallet or trading.
By the SkyBitcoins review team · Updated
At a glance
Paradex key facts
| Type | Decentralized derivatives exchange |
|---|---|
| Network | Starknet |
| Token | DIME |
| App status | Shows a crash message |
| Updated |
Paradex FAQs
What is Paradex?
Paradex is a decentralized exchange focused on derivatives, with perpetuals highlighted in its product description. Its app is currently showing a crash message, so you may not be able to access trading through it right now.
Does Paradex use Starknet and DIME?
Paradex is classified as a Starknet project, and DIME is identified as its ecosystem token. Check the live app and official documentation to confirm the network and token details before sending funds.
What does it cost to trade on Paradex?
Current trading fees, funding rates, deposit and withdrawal charges, and liquidation costs are not established here. Review the current market terms before opening a position, since perpetuals can incur funding costs and losses can exceed your expectations.
Compare
Paradex alternatives
Hyperliquid offers non-custodial spot and perpetual trading on its own L1, but fees and leverage risks merit a careful check.
Derive offers Ethereum options and perps with self-custody, but confirm its fees, collateral rules and access terms before trading.
Volmex offers crypto volatility indices and API data, while linked derivatives trade on outside venues with separate fees and risks.
Grvt offers multi-asset perpetuals, spot trading and yield features, but verify fees, custody and account rules before funding.
GMX offers wallet-based spot and perpetual trading on Arbitrum and Avalanche, but variable costs and smart-contract risks call for care.
gTrade offers wallet-based perpetuals across crypto and traditional markets, but high leverage and incomplete fee details call for caution.
Same category
More Derivatives dApps
Orderly powers branded perpetual DEXs, but each app sets its own fees and experience, so check the specific platform before trading.
Orderly supplies shared infrastructure for branded perp DEXs, but compare each venue’s fees, risks and network support before trading.
Contango V2 automates leveraged DeFi looping, but check borrowing costs, liquidation conditions and contract risks before opening a position.
MUX Perps aggregates leveraged crypto trading across five chains, but check live costs, liquidation rules and contract risks before trading.
Ostium offers leveraged Arbitrum perpetuals across FX, commodities, equities and crypto, but check its fees, audits and local availability first.
dYdX offers decentralized crypto perpetuals on dYdX Chain, but verify current fees, wallet requirements and trading risks before funding.
Same chain
More on Starknet
Bitget combines crypto trading tools with other asset products, but check fees, local access and custodial risks before depositing.
dRPC offers managed multichain RPC and self-hosted tools; verify plan limits and security terms before relying on it for production traffic.
Fibrous splits non-custodial swaps across DEX liquidity, with published app fees but no published audit or licensing details.
Gate offers extensive crypto trading and earn tools, but check local access, fees, verification rules and reserve evidence before depositing.
Alterscope offers DeFi market risk data and monitoring, but check its fees, chain coverage and any vault's terms before relying on it.
OKX offers extensive crypto trading tools, but check regional access, fees, verification rules and custody protections before depositing.
How we checked
Sources
- pureformulas.com/product/paradex-by-progressive-labs/1000007996(opens in a new tab)
- coinmarketcap.com/currencies/paradex/(opens in a new tab)
Last updated . Spotted an error? Tell us and we will correct it.