Derivatives · Alternatives
The best Pika V4 alternatives in 2026
Pika V4 is an Optimism-based perpetuals exchange for traders seeking leveraged crypto, forex and commodity markets. If Pika V4 is not the right fit, these 12 reviewed Derivatives options are the closest matches, ranked by DappsAtlas score. Read our full Pika V4 review
At a glance
Pika V4 vs the alternatives
| dApp | Score | TVL | Chains |
|---|---|---|---|
| Score 5.5 out of 10 | $86.8K | 1 | |
| Score 7.0 out of 10 | $1.28M | 7 | |
| Score 7.5 out of 10 | $16.3M | 10 | |
| Score 7.2 out of 10 | $23.5M | 19 | |
| Score 7.2 out of 10 | $9.00M | 5 | |
| Score 7.4 out of 10 | $665M | 1 | |
| Score 6.3 out of 10 | $29.2M | 1 | |
| Score 7.8 out of 10 | — | 1 | |
| Score 7.5 out of 10 | — | 2 | |
| Score 7.2 out of 10 | — | 1 | |
| Gmx | Score 7.2 out of 10 | — | 2 |
| Score 7.2 out of 10 | — | 1 | |
| Score 7.0 out of 10 | $39.1M | 1 |
Ranked
Top Pika V4 alternatives
- 1
ApeX Pro
Derivatives · Ethereum, Polygon, Arbitrum +4
ApeX Pro is the earlier version of ApeX's decentralized perpetuals exchange, now presented under ApeX Omni, offering 100+ perp markets with up to 100x leverage and self-custody. Its on-chain TVL is small, so leverage risk and liquidity depth deserve a close look.
ScoreScore 7.0 out of 10TVL $1.28M−1.0% - 2
Contango V2
Derivatives · Arbitrum, Ethereum, Base +7
Contango V2 is a DeFi looping protocol that opens leveraged long, short and yield positions on existing lending markets in one transaction. It suits experienced traders who accept liquidation risk.
ScoreScore 7.5 out of 10TVL $16.3M+74.0% - 3
Orderly Bridge
Derivatives · Ethereum, Solana, BNB Chain +16
Orderly is shared-orderbook infrastructure that lets builders launch their own perpetual-futures DEX, and traders use those frontends. It is a developer product first, with self-custody, multiple chains and an ORDER token.
ScoreScore 7.2 out of 10TVL $23.5M−9.2% - 4
MUX Perps
Derivatives · Arbitrum, Avalanche, BNB Chain +2
MUX Perps is a decentralized perpetuals trading protocol and aggregator that routes leveraged trades across several liquidity sources, with up to 100x leverage. It suits experienced derivatives traders outside the US, with the usual leverage and smart-contract risks.
ScoreScore 7.2 out of 10TVL $9.00M−1.6% - 5
Jupiter Perpetual Exchange
Derivatives · Solana
Jupiter Perpetual Exchange is a Solana perpetuals venue where liquidity providers take the other side of trades at oracle prices. It has large TVL, but leverage and counterparty risk are real.
ScoreScore 7.4 out of 10TVL $665M−4.6% - 6
Decibel
Derivatives · Aptos
Decibel is an onchain trading engine on Aptos offering perpetual futures, spot and yield products. It is a young venue with about $29 million in TVL and no listed audits.
ScoreScore 6.3 out of 10TVL $29.2M−0.4% - 7
Hyperliquid
Derivatives · Hyperliquid L1
Hyperliquid is a Layer-1 blockchain built around a fully onchain perpetuals and spot exchange. It suits experienced traders who accept derivatives risk, and the main caveat is leverage plus limited published audit and fee detail.
ScoreScore 7.8 out of 10TVL — - 8
Gtrade by Gains Network
Derivatives · Arbitrum, Polygon
Gtrade is a decentralized trading app from Gains Network where you open leveraged long or short positions on crypto, forex, stocks, indices and commodities from your own wallet. It is non-custodial and simple to start, but leverage means a liquidation can cost you your whole collateral.
ScoreScore 7.5 out of 10TVL — - 9
Drift
Derivatives · Solana
Drift is an on-chain exchange on Solana for leveraged perpetual futures and spot trading. It suits experienced traders, but leverage risk and unpublished fee details deserve attention.
ScoreScore 7.2 out of 10TVL — - 10
Gmx
Derivatives · Arbitrum, Avalanche
GMX is a decentralized exchange for perpetual futures and spot trading, with leverage of up to 50x on assets such as BTC and ETH. It suits experienced self-custody traders, and leverage and smart-contract risk are the main caveats.
ScoreScore 7.2 out of 10TVL — - 11
Extended
Derivatives · Starknet
Extended is a self-custodial perpetuals exchange on Starknet that offers leveraged trading of crypto and tokenized traditional assets from one margin account. Its pitch is centralized-exchange speed with on-chain custody, though several headline features are still on the roadmap.
ScoreScore 7.2 out of 10TVL — - 12
Kinetiq kmHYPE
Derivatives · Hyperliquid L1
Markets.xyz by Kinetiq is an onchain perpetuals exchange on Hyperliquid for stocks, indices, commodities and crypto, with kmHYPE letting holders share in trading fees and liquidity. It suits experienced perp traders; fees and audit details need checking in the docs.
ScoreScore 7.0 out of 10TVL $39.1M−11.5%