Eight crypto futures venues, read from the book up

Of the eight futures venues on this console, EVEDEX has the strongest outside security rating: CertiK Skynet scores it 94.36, grade AAA (read 23 September 2026). Aster is next at 93.88 AAA, then Hyperliquid 92.14 and Lighter 90.25, both AA; Extended reads 80.5, grade A.

One firm's composite, read for every venue on this console on the same day so the column compares like with like, and revised when that firm revises it. It rates the project, not the trade: fees and the round trip beside it are what the console measures itself.

One row per venue, ordered by the score out of 16. The cell strip beside each score shows how much of the scale the venue has earned, so a cheap venue with a thin book reads differently from a deep one that charges for the privilege.

weightsOrder-book depth30Round-trip cost25Loss and audit record15Settlement and withdrawal15Contracts listed10Getting started5how we rate

One formula for the whole site, fixed on 22 September 2026 before any venue was read, and the row order comes from it alone. The round trip is what two taker fills on a ten thousand dollar position cost at the entry tier. Open interest and 24-hour volume is self-reported by the venue and read from CoinMarketCap on 22 September 2026; market counts come from each venue's own documentation and interface, read on 18 September 2026.

Reported turnover is the easiest number on the internet to inflate, and it says nothing about what a market order would actually pay. So this column is measured instead: every ten minutes each public BTC perpetual book is read and what rests within ten basis points of the mid is recorded. The bars are medians of those readings, with the median spread beside them.

Bars are scaled to the deepest book on the list. Books read on this console's ten-minute poll, over the two days to 22 September 2026; every successful snapshot counts, 251 a venue at the middle of the range. No account was opened and no order was placed for these readings.

A leverage headline is a numerator printed without its denominator. The right-hand column supplies the missing half: the notional at which each documented BTC cap stops applying. Read the two together and a multiple that expires at 400 USDT stops resembling the same multiple carried to $50,000.

Caps from each venue's documentation, trading rules or public interface, read on 18 September 2026; every one of them steps down as the position grows, and the column on the right says where. Aster runs a separate one-tap mode that reaches far higher with a cap on the profit a position may take; that is not an order-book cap and is not in this table.

Asset classes, market counts and trading hours as each venue's own documentation and interface reported them on 18 September 2026. A venue that lists a share or a currency settles it as a perpetual contract on that price, not as the instrument itself. What a venue asks for at the door is set out venue by venue on the ranking pages.

Rankings

Comparisons

Method and definitions