I've been trading on derivatives for awhile now and have found that centralized exchange always seems to frontrun your trades plus they are able to see your positions and if they wanna be nasty ... push the price to liquidate your position.
So I've been searching for a few alternatives which includes DEX Deriavatives. These are the 2 which I've tried and have very low fees as its on Layer 2.
Optimism Chain
https://kwenta.io/
I kinda like this exchange as the interface is pretty easy to use and fees are low. The only problem I find for this is that you can't seem to be able to determine your leverage and it does take a bit of getting used to.
Arbitrum Chain
https://swaps.mycelium.xyz/
This is a new one ... apparently has the founder of Bitmex involved in this. I've staked some MLP here and you get some rewards from fees made from people using the platform to trade.
Its easy to use and fees are low since its on L2. Too bad there is no working API else it would be really great to bot trade here.
Cheers all .. have a great Sunday and give these dex derivatives a try if you are up for it. Remember ... its futures market on crypto ! super volatility expected.
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Thanks for the info. Very helpful.
Always thght centralised derivatives will be able to manipulate esp if we are in the Q. Didn't know thrs decentralized derivatives platform. Thanks for sharing.