List of Derivatives projects on Ethereum (2026)

Kraken Futures provides cryptocurrency derivatives trading with perpetual and fixed-maturity futures contracts supporting up to 50x leverage on major digital assets. The platform also offers tokenized equity perpetual futures through xStocks integration, providing 24/7 leveraged exposure to U.S. equities, indices, and commodities for eligible non-U.S. clients.

Bitget Futures is a derivatives trading platform offering leveraged perpetual and delivery contracts settled in stablecoins or crypto across a wide range of trading pairs. The system calculates funding rates and mark prices while maintaining liquidation mechanisms and risk controls such as maintenance-margin-based stop loss. Traders can also access futures-specific trading bots and copy trading of other traders' futures positions.

An ETH-pegged synthetic asset fully collateralized by Lido wstETH, offering 1:1 ETH exposure while distributing yield in USUAL.

Holdstation DeFutures is a perpetual derivatives exchange on ZKsync that enables leveraged trading with a centralized exchange-like interface.

WOOFi Pro is a decentralized perpetual futures exchange built on Orderly Network's omnichain infrastructure, using a Limit Order Book model with up to 50x leverage. Users deposit USDC collateral from any EVM chain via cross-chain routing contracts and execute gasless trades while retaining self-custody of assets.

Aster Perpetual is a decentralized derivatives platform offering both professional order book trading with advanced features like hidden orders and grid strategies, and a simplified one-click interface for streamlined high-leverage perpetual trading.

Bitfinex Derivatives is a derivatives trading platform providing perpetual contracts leverage for cryptocurrencies, commodities, forex, equities, and volatility indices. The platform includes options and futures trading through integration with Thalex, with contracts collateralized in Bitcoin, Ethereum, and Tether.

Cwallet Perpetual Futures is a derivatives interface for perpetual contracts with additional modes such as high-leverage trading, Trend Trade, and Market Battle.

Bitrue Futures is a derivatives trading platform offering perpetual futures contracts margined in USDT, USDC, and various cryptocurrencies with leverage trading capabilities.

Pendle V2 operates a specialized automated market maker for yield tokenization, splitting yield-bearing assets into Principal Tokens and Yield Tokens through a standardized yield wrapper system. The protocol implements time-aware pricing curves adapted from Notional Finance's AMM model, concentrating liquidity around expected yield ranges while accounting for natural PT price appreciation as tokens approach maturity to minimize impermanent loss for liquidity providers.

Pendle Boros operates a perpetual interest rate swaps platform enabling users to trade funding rate exposure through Yield Units without direct underlying asset price exposure. The system implements order book mechanics with margin trading capabilities for BTC and ETH perpetual markets, allowing traders to hedge funding rate volatility or speculate on rate fluctuations independently from spot price movements.

NonKYC Perpetuals is a perpetual futures trading interface that lets users take leveraged long or short positions on digital assets without identity verification. It is built on a white-label deployment of a third-party orderbook infrastructure, with NonKYC providing the front-end access point while not directly operating the underlying matching engine. Traders access the interface at a dedicated subdomain separate from the main spot exchange, using assets such as major cryptocurrencies and stablecoins as collateral or trading pairs.

APX Finance is a decentralized perpetual futures trading platform. The V1 order book model uses off-chain trade matching with on-chain fund settlement and custody, accepting ERC-20 and BEP-20 collateral, across BNB Chain, Ethereum, Arbitrum, zkSync Era, Base, and Manta. The V2 on-chain model executes all transactions on-chain via the ALP liquidity pool, which acts as the direct counterparty to traders, with pricing from a dual-oracle system using Binance Oracle and Chainlink, on BNB Chain, Arbitrum, opBNB, and Base. No registration or asset deposits are required for V2 trading. Users can provide liquidity by minting ALP tokens to earn protocol fees, or lock APX tokens in APX DAO to receive voting rights and staking rewards.

Synthetix Perps is a perpetual futures trading exchange with hybrid onchain-offchain architecture deploying Central Limit Order Book infrastructure on Ethereum Mainnet. The system processes order matching offchain through ultra-low latency engines while maintaining onchain custody of deposited collateral. Users post multicollateral margin to trade perpetual contracts with leverage. The protocol provides infinite liquidity through smart contract-based counterparty model eliminating traditional order book constraints.

Coincall DEX is a decentralized derivatives trading platform in development within the Coincall ecosystem. The platform focuses on options and perpetual contracts, using off-chain order matching with on-chain settlement. It plans to support multi-chain operation across Solana and Ethereum Layer 2 networks, aggregate decentralized order flow across multiple platforms, and enable community governance through CALL token voting.

Aevo Exchange is a decentralized derivatives platform built on a custom OP Stack Ethereum Layer 2 rollup, supporting options, perpetual futures, pre-launch token futures, and structured products within a unified margin account. Trades are matched off-chain and settled on-chain for sub-10ms latency. The platform includes PERPS+ for combined perpetual-option exposure, an on-chain OTC desk for altcoin options, automated vault yield strategies, and a high-leverage Degen trading mode with isolated margin.

HPX Futures provides perpetual contract trading on multiple digital asset pairs through a high-throughput matching engine with aggregated liquidity from external venues. The system supports high leverage with configurable take-profit, stop-loss, and liquidation parameters. Position management includes unrealized and realized PnL tracking across open and historical orders. Separate maker and taker fee rates apply to all trades, with periodic funding rate settlement for open perpetual positions. Demo trading is available for strategy testing prior to live deployment.

Panoptic is a perpetual, oracle-free options protocol and web interface that lets DeFi users permissionlessly create, trade, and market-make put and call options on any ERC-20 token by borrowing and lending Uniswap v3 and v4 liquidity.

Flipster implements perpetual futures derivatives trading through professional market makers, enabling leveraged positions up to 100x on cryptocurrency pairs. The system processes orders through third-party liquidity providers while maintaining zero trading fees and supporting cross-platform access via web and mobile interfaces.

OK Exchange Futures Trading facilitates leveraged cryptocurrency derivative contracts with positions up to 150X leverage through perpetual swaps and futures instruments with margin requirements and liquidation mechanisms.

Bitfunded is a simulated cryptocurrency prop trading challenge platform where traders pay an entry fee to access demo accounts with allocated USDT balances and complete one or two evaluation stages by hitting profit targets while staying within drawdown limits. Traders who pass receive a demo-funded simulated trading account and keep up to 90% of simulated profits, defaulting to an 80/20 split that scales to 90/10 through an incentive program. The platform supports perpetual futures trading across multiple cryptocurrency pairs at up to 1:5 leverage. A Day Trader format offers time-limited challenges of one, two, four, or eight hours with configurable payout multipliers.

Apex operates a self-custodial derivatives trading platform, supporting perpetual futures contracts, options, and spot trading across cryptocurrencies. Traders access leverage up to 500x while maintaining custody of funds through smart contract infrastructure. The platform integrates cross-chain bridges enabling multi-network asset deposits and withdrawals.

SynFutures is a decentralized perpetual futures and spot trading protocol powered by the Oyster AMM, which unifies single-token concentrated liquidity with a permissionless on-chain order book. The system supports market orders, limit orders, and liquidity provision with dynamic penalty fees and EMA-based mark price stabilization to protect against manipulation. It includes a Perp Launchpad for permissionless pair listings and a spot DEX aggregator.

Prebit Perpetual Trading is a decentralized derivatives trading platform offering leveraged perpetual contracts with high leverage. The platform provides gasless trading options, advanced order types including market and limit orders, and supports long and short positions. Features include customizable stop-loss and take-profit mechanisms, real-time charting integration, and a competitive fee structure with 0.02% maker fees and 0.04% taker fees.

Variational Protocol is a peer-to-peer trading protocol for on-chain derivatives covering the full trade lifecycle—booking, clearing, margin management, liquidation, and settlement. It combines on-chain smart contracts with off-chain infrastructure components including a pricing oracle, a core margin and liquidation engine, a settlement and funding rate engine, and an on-chain transaction handler. The protocol supports trading of perpetual futures, options, and custom instruments, and serves as the underlying infrastructure for applications including Omni and Pro.

Variational Omni is a perpetual futures trading application built on the Variational Protocol and deployed on Arbitrum. It uses a request-for-quote mechanism where the Omni Liquidity Provider (OLP) acts as the sole counterparty to all trades, aggregating liquidity from centralized exchanges, decentralized exchanges, and traditional market sources. Omni charges no trading fees, supports up to 50x leverage, and covers crypto assets, equities, and commodities. Positions are cleared and settled on-chain in isolated escrow contracts. Omni redirects value that would otherwise go to external market makers back to traders through a rewards program.

Variational Pro is an on-chain derivatives trading platform under development, targeting institutions and advanced traders. Built on the Variational Protocol, it enables trading of customizable futures and options contracts—including unlisted and exotic instruments—via a request-for-quote flow. Pro automates OTC clearing, settlement, margin management, and liquidation, replacing manual coordination workflows. Traders face counterparties directly in isolated settlement pools, with configurable real-time margin parameters to mitigate counterparty risk.

Breakout is a crypto proprietary trading platform providing funded accounts to traders who pass performance-based evaluations. Traders pay a one-time evaluation fee, reach a profit target within defined drawdown limits, and gain access to funded accounts of up to $200,000 without depositing personal capital. The platform offers over 50 crypto trading pairs with up to 5x leverage on BTC and ETH, on-demand payouts in USDC via the Ethereum network, and profit splits of 80–90%.

Rekt is a derivatives trading platform for perpetual futures with a simplified, gamified interface and social features designed to make perps trading accessible to users.