Derivatives Protocol Risk Ratings

On-chain derivatives platforms for perpetuals, options, and structured products. Key risks: funding rate sustainability, liquidation cascades, and counterparty exposure.

Protocols

56

Avg Risk Score

40/100

Total TVL

$8.5B

Safest Derivatives Protocols

1Toros logoTorosB2MUX Perps logoMUX PerpsB-3dYdX V3 logodYdX V3B-

Best Value Derivatives Protocols

1Jupiter Perpetual Exchange logoJupiter Perpetual ExchangeB2Hyperliquid HLP logoHyperliquid HLPB3Boros logoBorosB

Popular Comparisons

Hyperliquid vs Jupiter Perpetual ExchangeHyperliquid vs Hyperliquid HLPHyperliquid vs edgeX
ProtocolRiskValueTVL
KiloEx logoKiloExSafety →Investment →
D+
D-
$2M
Wasabi logoWasabiSafety →Investment →
C-
D
$1M
Hyperliquid logoHyperliquidSafety →Investment →
C-
B-
$5.2B
Symm.io logoSymm.ioSafety →Investment →
C-
C
$3M
Thetanuts Finance logoThetanuts FinanceSafety →Investment →
C-
B-
$668,000
Aevo logoAevoSafety →Investment →
C-
D+
$16M
Paradex logoParadexSafety →Investment →
C-
D+
$40M
Hyperliquid HLP logoHyperliquid HLPSafety →Investment →
C
B
$375M
GMX logoGMXSafety →Investment →
C
B-
$191M
GMX V2 logoGMX V2Safety →Investment →
C
B-
$196M
Derive V2 logoDerive V2Safety →Investment →
C
C+
$131M
ELFi Protocol logoELFi ProtocolSafety →Investment →
C
D+
$3M
Storm Trade logoStorm TradeSafety →Investment →
C
D+
$6M
Antarctic logoAntarcticLimited DataSafety →Investment →
C
D
$9M
SynFutures V3 logoSynFutures V3Safety →Investment →
C
C-
$6M
Avantis logoAvantisSafety →Investment →
C
C-
$44M
GRVT logoGRVTSafety →Investment →
C
C
$120M
Jupiter Perpetual Exchange logoJupiter Perpetual ExchangeSafety →Investment →
C
B
$639M
MYX Finance logoMYX FinanceSafety →Investment →
C
D
$200,000
OPINION logoOPINIONSafety →Investment →
C
D
$7M
edgeX logoedgeXSafety →Investment →
C+
C
$353M
Ethereal DEX logoEthereal DEXSafety →Investment →
C+
D+
$30M
Reya Perps logoReya PerpsSafety →Investment →
C+
D
$13M
Vertex logoVertexSafety →Investment →
C+
C+
$100M
Fulcrom Perps logoFulcrom PerpsSafety →Investment →
C+
C-
$13M
Gains Network logoGains NetworkSafety →Investment →
C+
B-
$14M
GMTrade logoGMTradeSafety →Investment →
C+
C
$43M
Level Finance logoLevel FinanceSafety →Investment →
C+
D
$588,000
Pacifica logoPacificaSafety →Investment →
C+
D
$31M
Parcl logoParclSafety →Investment →
C+
D-
$4M
FlashTrade logoFlashTradeSafety →Investment →
C+
C-
$10M
IntentX logoIntentXSafety →Investment →
C+
C
$6M
Vest Markets logoVest MarketsSafety →Investment →
C+
D-
$1M
Hegic logoHegicSafety →Investment →
C+
C-
$10M
Kinetiq Markets logoKinetiq MarketsSafety →Investment →
C+
D
$32M
Moonlander logoMoonlanderSafety →Investment →
C+
D
$32M
Synthetix V3 logoSynthetix V3Safety →Investment →
C+
C+
$41M
Apex Omni logoApex OmniSafety →Investment →
C+
C-
$35M
Injective logoInjectiveSafety →Investment →
C+
B-
$19M
Ostium logoOstiumSafety →Investment →
C+
C-
$46M
Derive logoDeriveSafety →Investment →
B-
C+
$131M
Predict Fun logoPredict FunSafety →Investment →
B-
D-
$10M
Bluefin logoBluefinSafety →Investment →
B-
C+
$18M
Kwenta logoKwentaSafety →Investment →
B-
D+
$50M
Boros logoBorosSafety →Investment →
B-
B
$10M
Extended logoExtendedSafety →Investment →
B-
D+
$153M
Contango V2 logoContango V2Safety →Investment →
B-
D-
$6M
Helix Perp logoHelix PerpSafety →Investment →
B-
C+
$465,000
Rysk V12 logoRysk V12Safety →Investment →
B-
D
$61M
dYdX V4 logodYdX V4Safety →Investment →
B-
B
$102M
Deri V4 logoDeri V4Safety →Investment →
B-
D-
$7M
Drift Protocol logoDrift ProtocolSafety →Investment →
B-
B-
$6M
Premia logoPremiaSafety →Investment →
B-
D+
$524,000
dYdX V3 logodYdX V3Safety →Investment →
B-
C-
$39M
MUX Perps logoMUX PerpsSafety →Investment →
B-
D+
$9M
Toros logoTorosSafety →Investment →
B
D
$8M

Other Sectors

DeFiL1L2RestakingStablecoinLendingDEXMonetaryLiquid StakingYieldRWACDPBridge