Mycelium Perpetual Swaps Review 2026: Arbitrum Trading

Mycelium Perpetual Swaps is an Arbitrum-based decentralized exchange for leveraged crypto positions, with markets including BTC, ETH, LINK, UNI, CRV, FXS, and BAL. Its market offering is clear, but current access, fees, leverage limits, and security details are not confirmed.

Arbitrum

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

4.5/10

Weak

Our verdict on Mycelium Perpetual Swaps

4.5/10

Mycelium Perpetual Swaps may suit experienced traders seeking leveraged long or short positions on major crypto assets through Arbitrum. Its named markets and derivatives focus are straightforward. The main caveat is that current access, fees, collateral requirements, and leverage limits are not confirmed, while no audits are listed. Perpetual swaps can liquidate quickly, especially when leveraged, so this is not a low-risk way to gain exposure to crypto prices.

Score breakdown

How Mycelium Perpetual Swaps scores

Security: n/a
Ease of use: 5.0/10
Fees: n/a
Features: 5.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Mycelium Perpetual Swaps?

Mycelium Perpetual Swaps is a decentralized derivatives exchange on Arbitrum. It is described as offering leveraged long and short positions in BTC, ETH, LINK, UNI, CRV, FXS, and BAL.

How Mycelium Perpetual Swaps works

Mycelium Perpetual Swaps is described as a decentralized derivatives exchange on Arbitrum. A perpetual swap gives a trader price exposure to an asset without requiring them to buy or hold that asset directly. Traders can take long positions if they expect a price to rise, or short positions if they expect it to fall.

4 features

Key features

Arbitrum trading

The exchange is described as operating on Arbitrum, an Ethereum scaling network.

Perpetual positions

Users can take leveraged long or short positions rather than buying and holding the underlying assets directly.

Seven named markets

The listed markets include BTC, ETH, LINK, UNI, CRV, FXS, and BAL.

No fixed expiry

Perpetual contracts allow leveraged exposure without a fixed expiry date, though contract-specific terms are not established here.

Pros and cons

What we like

The product has a clear focus on leveraged perpetual trading.
It runs on Arbitrum, an Ethereum scaling network.
Seven crypto markets are named, including BTC and ETH.
Both long and short positions are supported.

Watch out for

The official website could not be confirmed, so current access and operating status are unclear.
Fees, accepted collateral, and current leverage limits are not published here.
No audits are listed, and the protocol's custody and risk-control details are not established.
Perpetual swaps use leverage and can trigger liquidation, causing rapid losses.
The available market list may not reflect current trading availability.

Mycelium Perpetual Swaps fees

Trading fees and funding costs are not published here. Check the trading interface and any fee schedule it displays before opening a position; the terms may vary by market.

Is Mycelium Perpetual Swaps safe?

No audits are listed for Mycelium Perpetual Swaps. Details about its smart-contract controls, custody model, and security procedures are not established, so traders should account for both contract and platform risk.

5 steps

How to get started with Mycelium Perpetual Swaps

1
Confirm that the trading interface is accessible and that the markets you want are available.
2
Use an Arbitrum-compatible wallet and check that you understand the network and transaction requirements.
3
Review the collateral accepted by the interface and any associated deposit, withdrawal, or bridging steps; those details are not established here.
4
Check the current fees, funding terms, leverage limits, and liquidation rules before placing an order.
5
Choose a market and position size you can afford to lose, then monitor the position and its liquidation risk.

Who Mycelium Perpetual Swaps is for

This product is aimed at traders who understand perpetual contracts, leverage, and liquidation risk, and who specifically want crypto derivatives on Arbitrum. It is a poor fit for beginners or anyone seeking simple spot purchases, predictable returns, or established details about fees and security.

Mycelium Perpetual Swaps FAQs

What is Mycelium Perpetual Swaps?

Mycelium Perpetual Swaps is described as a decentralized derivatives exchange on Arbitrum. It lets traders take leveraged long or short positions in crypto assets.

Which assets can I trade on Mycelium?

The listed markets are BTC, ETH, LINK, UNI, CRV, FXS, and BAL. Confirm the markets available in the trading interface before making a transaction, since current availability is unclear.

How much leverage does Mycelium offer?

A single report described leverage of up to 30x, but current leverage limits are not confirmed. Leverage increases both potential gains and losses, and a position can be liquidated if its collateral falls below requirements.

What are Mycelium Perpetual Swaps' fees?

Trading fees and funding costs are not published here. Check the trading interface and its fee schedule before opening a position.

Is Mycelium Perpetual Swaps audited?

No audits are listed, and details about custody and security controls are not established. Treat this as a material risk when considering whether to deposit funds.

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