Solana GuidesSolana Perps and Derivatives
Perps let you trade with leverage, long or short, with no expiry date. This section covers the perp DEXs we use on Solana and beyond, plus options, prediction markets and funded trading, with comparisons where they help you pick.
Leverage can wipe out a position fast. Only trade what you can afford to lose. Not financial advice.
Latest guides
Leaps Finance: Solana Options for Covered Calls and Puts
Leaps Finance pays an option premium upfront for locking SOL, BTC or USDC for 7 to 28 days. How it works, both outcomes at expiry, and the catch.
Updated 10 Oct 2026
Tenor Airdrop Guide 2026: Perp Points Bot and Referral CodeUpdated 8 Oct 2026
Phoenix Trade Airdrop Guide | On-Chain Perps by Ellipsis LabsUpdated 8 Oct 2026
Solana Funded Review: Trade Memecoins With Up to $100K in Funded CapitalUpdated 8 Oct 2026
GMTrade Airdrop Farming Guide: Trade-to-Earn on Solana’s RWA Perp DEXUpdated 10 Oct 2026
How to choose a perp DEX
On a perp DEX the trading fee is only half the cost. Funding is paid while you hold a position, and on a crowded trade it can cost more than the fees, so look at maker and taker fees and the funding rate together. Then check the order book on the pairs you trade: thin books mean slippage on every entry and exit.
Know how the price is set and where you get liquidated before you open anything. Order-book DEXs and oracle-priced pools behave differently when the market moves fast. And look at the track record: audits, past incidents and how the team handled them, because a perp DEX holds your collateral the whole time.
