Etherealethereal.trade · perp DEX

Ethereal fees: maker, taker & funding

Ethereal charges maker 0% and taker 0.03% on the base tier, with funding 1h. The median taker across the 31 perp DEXes is 0.04%; Canborsa charges a flat 0.07% per side (0.14% round-trip).

What is Ethereal?

Ethereal is a perpetuals exchange built on its own Ethereal chain, with additional paths through Arbitrum and Ethereum. It launched in 2025 and does not run its own token.

The venue lists 18 crypto perpetual markets on a flat fee schedule with no volume tiers, and routes a share of trading fees back to USDe holders through a weekly rewards pool. Its terms describe identity or documentation requests as a possibility.

Funding is sampled throughout each hour and settles once, at the start of the next hour, as a single averaged charge. The rate is measured against execution prices deep enough to fill a meaningful order, and is held inside a small dead zone plus a per-market cap so very small imbalances round down to no charge; if a payment fails to process in the first moments of the new hour, that hour's funding is dropped.

Quote as maker

Rest a limit order instead of taking the quoted price. Maker fills cost 0% against 0.03% taker on the base tier.

Check the referral terms

Ethereal pays a 10% referral share. Ethereal referral terms ›

Watch the funding line

Funding on this venue is exchanged every 1h . It accrues while a position is open and can exceed the open fee on longer holds; check the ticket before sizing up.

Ethereal signs traders in with a browser wallet, and the venue is non-custodial.

Up to 50x on listed markets.

Ethereal names 11 restricted jurisdictions in its terms.