Reya Perps Review 2026: Zero-Gas Perpetual Futures on Reya Network

Reya Perps is a decentralised exchange for perpetual futures that runs on Reya Network. The network was built for derivatives trading, and its stated aims are high speed, no gas fees and no MEV. DefiLlama lists it in the derivatives category, tracking roughly $9.9M in total value locked, and it has been listed since August 2024.

The project describes itself as a DEX where speed does not come at the cost of security. It is built as a based rollup powered by zk-proofs, with claims of 1 millisecond speed, zero trading fees and Ethereum-level uptime and security.

The homepage tagline, "Serious traders skip the queue. Your track record is your invite," suggests a trader-focused product with some form of access gating. The project's own text does not detail how that works. Developer docs point to maker rebates and more real-world-asset markets coming.

A perpetual future is a contract that tracks an asset's price with no expiry. Traders can use leverage and post collateral, and a funding mechanism keeps the contract price close to the market price. On Reya, these contracts are traded on-chain from the user's wallet rather than through a company that holds the funds.

Reya Network is described by the project as a based rollup powered by zk-proofs. A rollup processes trades off the main chain and posts proofs back to Ethereum, and a based design leans on Ethereum for sequencing. The project says this combines fast execution with Ethereum security and uptime.

The docs say users can withdraw rUSD or USDC through the app or directly through smart contracts. Trading is advertised as free of gas fees and MEV, meaning orders should not be reordered ahead of users by block producers.

The project advertises zero trading fees and no gas fees on Reya Network. Its developer documentation says maker rebates will be introduced, based on your share of 30-day maker volume, ranging from 0 to 1 basis point.

A full fee table is not shown in its homepage. Perpetual markets can also carry funding rates and liquidation costs, and moving funds onto and off the network may involve fees on other chains. Check the Fees page in the developer docs and the trading interface for current figures.

DefiLlama lists two audits for the protocol, but the audit firms and report dates are not given in its homepage. Read the audit reports in the project's documentation. A custom rollup and bridge add smart-contract and sequencer risk beyond that of an ordinary DEX.

Withdrawals can be made through the app or by interacting with the contracts directly, which points to a self-custody model. The project does not publish regulatory or licensing details in the text reviewed here, so check the rules for derivatives trading in your own jurisdiction.

Perpetual futures are leveraged and can lead to rapid losses or liquidation. Only risk money you can afford to lose.

Reya Perps is for experienced traders who already understand leverage, funding rates and liquidation risk, and who want low-cost on-chain perpetuals. It also suits developers who want to integrate with a derivatives-focused network. Beginners and anyone who cannot accept bridge and smart-contract risk should look elsewhere or start very small.