The #1 Perpetual DEX on Hyperliquid. Trade · Earn · Collect Points.

DEFX is a decentralized perpetual futures exchange built on Hyperliquid L1. It combines perpetual contract trading with up to 50× leverage, spot token trading, points earning, and a referral system — all in one non-custodial platform. The trading interface is available at defx-perps.com.

Connect your wallet (MetaMask, WalletConnect, Rabby, or Coinbase Wallet), bridge USDC to Hyperliquid L1, select a perpetual pair like BTC-USDC, choose your leverage and margin mode, set your position size, and execute. Trades confirm in under one second.

DEFX offers among the lowest fees in DeFi perpetuals. Maker fees start at 0.01% and taker fees at 0.035%. Fee tiers decrease as your 30-day trading volume increases. Top-tier traders receive up to 40% fee discounts. There are no hidden fees, deposit fees, or withdrawal fees.

Yes. DEFX is built on Hyperliquid's battle-tested L1 infrastructure. The platform is fully non-custodial — your funds stay in your wallet. Smart contracts have been audited by independent security firms, and the protocol has maintained zero security incidents. A bug bounty program is active.

DEFX supports all major EVM-compatible wallets: MetaMask, WalletConnect, Coinbase Wallet, Rabby, Trust Wallet, and hardware wallets like Ledger and Trezor. Mobile users can connect via WalletConnect or MetaMask Mobile's built-in browser.

Hyperliquid is a high-performance Layer 1 blockchain purpose-built for decentralized trading. It offers sub-second block times, a native on-chain central limit order book (CLOB), and parallel transaction processing. DEFX leverages Hyperliquid to deliver CEX-grade performance — sub-second fills, deep liquidity, and advanced order types — while remaining fully decentralized.

DEFX supports up to 50× leverage on major pairs like BTC-USDC and ETH-USDC. Mid-cap assets support up to 20× leverage, while smaller or newer tokens support 3–10×. Leverage can be adjusted per position. Both cross-margin and isolated margin modes are available for every pair.

Cross-margin uses your entire account balance as collateral across all open positions, maximizing capital efficiency and reducing liquidation risk. Isolated margin allocates a fixed amount of collateral to a single position, capping your maximum loss to that allocated margin only. You can switch modes per position.

Funding rates are periodic payments between long and short traders that keep perpetual futures prices aligned with spot prices. When funding is positive, longs pay shorts; when negative, shorts pay longs. On DEFX, funding settles every hour. Current and predicted funding rates are displayed in real-time on each trading pair page.

DEFX supports 100+ perpetual trading pairs including BTC-USDC, ETH-USDC, SOL-USDC, HYPE-USDC, PURR-USDC, XRP-USDC, DOGE-USDC, LINK-USDC, ARB-USDC, AVAX-USDC, ZEC-USDC, PUMP-USDC, and many more. New pairs are added regularly based on market demand and liquidity conditions.

DEFX Points are earned through active perpetual and spot trading (proportional to volume and fees), reaching volume milestones, referring new traders, and participating in platform campaigns. Points accumulate in the Points tab and track your overall contribution to the DEFX ecosystem.

Yes. DEFX offers spot trading alongside perpetual futures on the Spot tab. You can swap tokens directly using Hyperliquid's on-chain order book with competitive pricing, tight spreads, and instant settlement. Spot trading also earns DEFX Points.

DEFX uses a progressive liquidation engine. When your margin ratio drops below the maintenance threshold, positions are partially liquidated in steps to restore margin health — rather than fully closing everything at once. This protects traders from unnecessary total liquidation during short-term volatility spikes.

DEFX executes trades in under 1 second thanks to Hyperliquid's high-performance L1 consensus. Order placement, matching, and settlement all happen on-chain with sub-second finality. This is comparable to centralized exchange speeds but fully decentralized and verifiable.

Yes. DEFX is fully responsive and works in all mobile browsers. For the best experience, use MetaMask Mobile, Rabby, or connect via WalletConnect from any mobile wallet. The trading interface adapts to all screen sizes with touch-optimized order entry and chart controls.

Yes. DEFX supports advanced order types including limit orders, stop-loss (SL), take-profit (TP), stop-market, and reduce-only orders. You can set TP/SL directly when opening a new position or attach them to any existing open position through the trading panel.

DEFX uses Hyperliquid's fully on-chain central limit order book (CLOB) — not an automated market maker (AMM). This provides real-time bid/ask spreads, full depth visibility, precise limit order execution, and price-time priority matching identical to professional centralized exchanges.

Connect your wallet, then bridge USDC from Ethereum or Arbitrum to Hyperliquid L1 via the built-in bridge. Once bridged, your USDC appears as available margin for trading. The entire process is non-custodial — DEFX never takes custody of your assets at any point in the flow.

Slippage tolerance is the maximum price difference you're willing to accept between order submission and execution. On DEFX, the default is 1.00% which works for most pairs. For major pairs like BTC-USDC with deep liquidity, you can set it as low as 0.1%. For less liquid pairs, 1–3% is recommended.

Yes. DEFX is a fully non-custodial, on-chain protocol running on Hyperliquid L1. All order matching, trade execution, margin calculations, and settlement happen transparently on-chain. There are no admin keys that can freeze or access user funds.

DEFX combines CEX-grade performance with full decentralization: on-chain CLOB (not AMM), sub-second execution, up to 50× leverage, both cross and isolated margin, advanced order types (TP/SL, stop-market, reduce-only), and an integrated points/rewards system — all on Hyperliquid's purpose-built L1. Most other perp DEXs rely on AMMs or off-chain order matching.

Generate your unique referral link from the Points tab after connecting your wallet. When someone trades using your link, you earn a percentage of their trading fees as referral rewards. There's no cap on referral earnings — active referrers earn consistently. Referral rewards are tracked in real-time on your dashboard.

The minimum trade size on DEFX varies by pair but is generally very low — as little as $10 notional value for major pairs. There is no maximum trade size; DEFX supports institutional-scale orders through its deep on-chain order book with minimal price impact on liquid markets.

All open positions, pending orders, order history, trade history, margin history, and asset details are visible in tabs below the trading chart. You can manage positions (adjust TP/SL, add margin, close partially or fully) directly from the Open Positions tab.

Trading on DEFX has near-zero gas costs because Hyperliquid L1 doesn't charge traditional gas fees for order placement and cancellation. You only pay the DEFX trading fee (maker/taker). Bridging to and from Hyperliquid incurs standard L1 gas fees on the source/destination chain.

Initial margin depends on the leverage selected — for example, 50× leverage requires 2% initial margin. Maintenance margin is approximately half the initial margin rate. If your margin ratio drops below maintenance, progressive liquidation begins. You can monitor margin ratios in real-time on the trading interface.

Yes. DEFX is fully non-custodial — you can withdraw your available balance at any time by bridging back from Hyperliquid L1 to Ethereum or Arbitrum. Funds not allocated as margin for open positions are always withdrawable. There are no lock-ups, withdrawal delays, or withdrawal fees from DEFX itself.

Full documentation is available through the Docs link in the navigation. For community support, join the DEFX Discord and Telegram channels. Follow @defaboratory on Twitter/X for announcements, updates, and trading insights. The official website is defx-perps.com — always verify you're on the correct domain.

DEFX is a decentralized protocol with no KYC requirements at the smart contract level. The frontend at defx-perps.com may have geographic restrictions in compliance with applicable laws. As a non-custodial platform, users interact directly with Hyperliquid smart contracts and are responsible for compliance with their local regulations.