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Antarctic Exchange

As of Nov 11, 2026, Antarctic is a perp DEX on Arbitrum, Ethereum and BNB Chain costing 0.1% per round trip ($1 on a $1,000 buy and sell). Not available in the US.

Checked 2026-11-11 · sources below

Official site: antarctic.exchange

Antarctic (AX) is an order-book perpetual futures exchange with USDT-margined crypto perps, deposits from Arbitrum, Ethereum and BNB Chain, and a points programme. Base-tier fees are 0.05% taker and 0.02% maker. Its user agreement names no operating company and bars the US, Canada, Singapore, Hong Kong, Indonesia and mainland China.

Cost: Perps cost 0.05% taker and 0.02% maker at VIP 0 (under $2.5M 14-day volume), falling to 0.02% taker and 0% maker at VIP 5. Fees are settled in USDT, and trading actions carry no gas fee. Liquidations are charged at 0.05% whatever your tier. A $1,000 buy-and-sell costs about $1.00 in Antarctic fees.

More on Antarctic Exchange: Overview · US alternatives

Round trip fee
0.1%
buy + sell, platform fee
$1,000 buy + sell
$1.00
before network + pool fees
Fees paid, 30d
$3.3M
DefiLlama, to 2026-11-11
US availability
Not available
UK: unverified · EU: unverified

Quick answers

Custody
Self-custody
KYC
unknown
Platforms
web
Launched
—

Users paid Antarctic about $3.3M in fees in the 30 days to 2026-11-11 (DefiLlama) — a rough measure of how much it is actually used.

Best for: Traders outside the barred countries who want order-book crypto perps with volume-based fee tiers and no gas on trades.

Antarctic fees

FeeTypeRateApplies toNote
Perps taker fee (VIP 0) protocol 0.05% Buy and sell Under $2.5M rolling 14-day volume
Perps maker fee (VIP 0) protocol 0.02% Buy and sell Falls to 0% at VIP 5
Liquidation fee protocol 0.05% Charged at the highest taker rate (0.05%) for every tier

Fee tiers

TierRateRequirement
VIP 00.05%default: under $2.5M 14-day volume; maker 0.020%
VIP 10.045%$2.5M+ 14-day volume; maker 0.018%
VIP 20.04%$10M+; maker 0.015%
VIP 30.035%$50M+; maker 0.010%
VIP 40.03%$100M+; maker 0.005%
VIP 50.02%$500M+; maker 0%

Perps: taker 0.05%, maker 0.02% — VIP 0 rates. The 14-day volume is recalculated daily at 07:00 UTC.

Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.

Is Antarctic legit?

Antarctic's docs describe a "non-custodial, on-chain account model": deposits and withdrawals go through smart contracts and need your wallet's signature. Its docs say trades are batched off-chain in a zk-rollup that posts proofs and state roots on-chain. You can connect MetaMask, OKX Wallet, Binance Wallet, Ledger or WalletConnect, or use a "Web2" login, which generates an address for you.

We found no reported hacks or fund losses in the sources we checked. That is not a guarantee.

Where Antarctic is available

RegionStatus
United StatesNot available
United KingdomUnverified
European UnionUnverified

The User Agreement says Antarctic does not provide services to, or accept users from, North Korea, Cuba, Sudan, Syria, Iran, Crimea, mainland China, Hong Kong, Indonesia, Singapore, Venezuela, the United States and Canada, and that the list can change at any time. It bars using VPNs or proxies to get around regional restrictions. The UK and EU are not named. The agreement is governed by the laws of Singapore. (source)

We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.

Pros and cons

Pros

  • Published fee table: 0.05% taker and 0.02% maker at VIP 0, down to 0.02% and 0% at VIP 5.
  • No gas fees on trading actions, per its docs.
  • Non-custodial account model: deposits and withdrawals need your wallet's signature.
  • Deposits from Arbitrum, Ethereum or BNB Chain into one trading account.

Cons

  • No operating company is named: the user agreement is with "Antarctic Trading Platform" and the docs describe the team only as coming from CEX and DeFi backgrounds.
  • Its User Agreement bars the US, Canada, Singapore, Hong Kong, Indonesia, mainland China and others.
  • Liquidations are charged the top 0.05% taker rate whatever your tier.
  • Affiliate tier thresholds are not published, and no discount for invited users is stated.

Features

perpsorder bookcross and isolated marginVIP tiersLP vaultpoints programgasless trading

Alternatives to Antarctic

Lighter

Non-US, non-UK retail perps traders who want zero trading fees and can accept slower taker execution than paid accounts.

0%Round trip

Paradex

Non-US traders who place orders manually through a web UI and want zero-fee perps plus options from one margin account.

0%Round trip

trade.xyz

Traders outside the US, UK and Canada who want leveraged, round-the-clock exposure to stocks, indices, commodities, FX and pre-IPO companies from a self-custodied Hyperliquid account.

0.018%Round trip

Katana Perps

Traders outside the US and the barred countries who want low-fee crypto perps settled on Katana with cross margin and a direct exit path from the contract.

0.04%Round trip

Where Antarctic ranks

Antarctic FAQ

Is Antarctic legit?

Antarctic is a live perp exchange. Its user agreement is with "Antarctic Trading Platform" and names no company; its docs describe the team only by background. Its roadmap says it raised a $7 million seed round in 2024 without naming investors. The agreement is governed by Singapore law.

Can I use Antarctic in the US?

No. Antarctic's User Agreement says it does not serve or accept users from the United States, Canada, Singapore, Hong Kong, Indonesia, mainland China, Venezuela, North Korea, Cuba, Sudan, Syria, Iran or Crimea, and forbids using VPNs or proxies to get around this.

What are Antarctic's fees?

At VIP 0 (under $2.5M 14-day volume) perps cost 0.05% taker and 0.02% maker, settled in USDT. Fees fall with volume to 0.02% taker and 0% maker at VIP 5. Trading actions carry no gas fee; liquidations are charged at 0.05%.

Is Antarctic custodial?

Its docs describe a non-custodial model: funds sit in smart contracts and every deposit and withdrawal needs your wallet's signature. Trades are processed off-chain in a zk-rollup that posts proofs on-chain, per its docs.

What are AX Points?

A points programme for trading and other activity. Antarctic's docs say points are not a token, any future benefit is not guaranteed, and rules can change; points may be used to set shares in future reward programs.