Skip to content
Pika V4 logo

Pika V4 Review: What to Check Before Trading

Pika V4 is described as a perpetual swap exchange on Optimism, but there isn’t enough published detail to judge its costs, safety or setup. Verify the trading terms and contracts before connecting a wallet.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Not rated yet

At a glance

Pika V4 key facts

Pika V4 key facts
TypePerpetual swap exchange
ChainOptimism
TokenPIKA
AuditsNone listed
Value locked$86.8K−0.0% 7d
Updated

Pika V4 FAQs

What is Pika V4?

Pika V4 is described as a perpetual swap exchange on Optimism. Perpetual swaps let you trade price exposure without a fixed expiry, but the exchange’s specific contract terms matter.

What fees does Pika V4 charge?

Pika V4’s trading fees are not published. Perpetual swaps can also involve funding payments, so check the live interface and terms for all costs before trading.

Is Pika V4 safe to use?

No audits are listed for Pika V4, and its custody model, licence and incident history are unknown. Treat these as unresolved risks before connecting a wallet or depositing funds.

Compare

Pika V4 alternatives

All alternatives
Hyperliquid logo

Hyperliquid

Derivatives

Score 7.2 out of 10

Hyperliquid offers non-custodial spot and perpetual trading on its own L1, but fees and leverage risks merit a careful check.

Hyperliquid L1
Derive logo

Derive

Derivatives

Score 6.7 out of 10

Derive offers Ethereum options and perps with self-custody, but confirm its fees, collateral rules and access terms before trading.

Ethereum
Volmex logo

Volmex

Derivatives

Score 6.3 out of 10

Volmex offers crypto volatility indices and API data, while linked derivatives trade on outside venues with separate fees and risks.

TVL $131K−0.1%Arbitrum · Ethereum · Polygon
Grvt logo

Grvt

Derivatives

Score 6.3 out of 10

Grvt offers multi-asset perpetuals, spot trading and yield features, but verify fees, custody and account rules before funding.

Gmx

Derivatives

Score 6.2 out of 10

GMX offers wallet-based spot and perpetual trading on Arbitrum and Avalanche, but variable costs and smart-contract risks call for care.

Arbitrum · Avalanche
Gtrade by Gains Network logoScore 6.2 out of 10

gTrade offers wallet-based perpetuals across crypto and traditional markets, but high leverage and incomplete fee details call for caution.

Arbitrum · Polygon

Same category

More Derivatives dApps

Derivatives rankings
Orderly Bridge logo

Orderly Bridge

Derivatives

Score 6.0 out of 10

Orderly powers branded perpetual DEXs, but each app sets its own fees and experience, so check the specific platform before trading.

TVL $23.5M−9.6%Ethereum · Solana · BNB Chain +16
Orderly Chain logo

Orderly Chain

Derivatives

Score 6.0 out of 10

Orderly supplies shared infrastructure for branded perp DEXs, but compare each venue’s fees, risks and network support before trading.

TVL $242K−0.9%Ethereum
Contango V2 logo

Contango V2

Derivatives

Score 5.9 out of 10

Contango V2 automates leveraged DeFi looping, but check borrowing costs, liquidation conditions and contract risks before opening a position.

TVL $6.80M−0.4%Arbitrum · Ethereum · Base +7
MUX Perps logo

MUX Perps

Derivatives

Score 5.8 out of 10

MUX Perps aggregates leveraged crypto trading across five chains, but check live costs, liquidation rules and contract risks before trading.

TVL $8.96M−2.3%Arbitrum · Avalanche · BNB Chain +2
Ostium logo

Ostium

Derivatives

Score 5.8 out of 10

Ostium offers leveraged Arbitrum perpetuals across FX, commodities, equities and crypto, but check its fees, audits and local availability first.

TVL $2.27M−4.4%Arbitrum
Dydx logo

Dydx

Derivatives

Score 5.8 out of 10

dYdX offers decentralized crypto perpetuals on dYdX Chain, but verify current fees, wallet requirements and trading risks before funding.

dYdX

Same chain

More on Optimism

Optimism rankings
Bitvavo logo

Bitvavo

Centralized Exchanges

Score 7.7 out of 10

Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.

TVL $311M−13.3%Ethereum · Bitcoin · Solana +9
Aave V3 logo

Aave V3

Lending

Score 7.6 out of 10

Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.

TVL $15.8B+3.4%Ethereum · Base · Arbitrum +18
Compound V3 logoScore 7.2 out of 10

Compound V3 offers variable-rate crypto lending across several networks, but market terms and liquidation risks require close checking.

TVL $1.25B−3.3%Ethereum · Arbitrum · Base +7
Uniswap V2 logoScore 7.2 out of 10

Uniswap V2 enables wallet-based swaps and liquidity provision, but check the pool, network, gas and token risks before you trade.

TVL $865M−5.9%Ethereum · Base · Polygon +14
Uniswap V3 logoScore 7.1 out of 10

Uniswap V3 offers wallet-based token swaps and concentrated liquidity, but check pool fees, gas, execution risks and price-range exposure.

TVL $1.51B−2.5%Ethereum · Base · Arbitrum +38
Uniswap V4 logoScore 7.1 out of 10

Uniswap v4 offers multichain swaps and customizable pools, but check each pool’s fees, hook behavior and risks before trading.

TVL $1.18B+1.9%Ethereum · Robinhood Chain · Base +19

How we checked

Sources

  1. defillama.com/protocol/pika-v4(opens in a new tab)

Last updated . Spotted an error? Tell us and we will correct it.