Resolving liquidity matrix...
Fees, liquidity, product flags, margin, RFQ, and editorial volume. Fit score is a research model, not a safety or “best broker” ranking. Derive scores higher on the research-model fit (76 vs 72). OptionsMatch does not open accounts.
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| Metric | Paradex 0% retail fees · Starknet appchain perps + USDC options | Derive On-chain options with long-dated + HYPE strength |
|---|---|---|
| Fit scoreresearch model | 72 | 76 |
| Fit /10research model | 7.2 | 7.6 |
| Liquidityresearch model | 56 | 70 |
| Cost scoreresearch model | 92 | 76 |
| Product depthresearch model | 62 | 80 |
| Tech / APIresearch model | 86 | 82 |
| API quality | 4/5 | 4/5 |
| Maker bpsresearch model | 0 | 1 |
| Taker bpsresearch model | 0 | 4 |
| Margin | on-chain | on-chain |
| Settlement | usdc | usdc |
| Assets | BTC, ETH, HYPE | BTC, ETH, SOL, HYPE, XRP, ADA, ZEC, CC, XAUT |
| RFQ / blocks | No | Yes |
| On-chain | Yes | Yes |
| 24h vol (edit.) | $8M | $45M |
| OI (edit.) | $120M | $900M |
| Best for | Zero-fee retail options & perps · On-chain options research · Pro / API market making | HYPE options · Long-dated · On-chain |
| KYC | Wallet-first with geo screens | Wallet-first; frontend geo rules apply |
| Profiles / hops |
Fit score is a research model, not a safety or “best broker” ranking.
Paradex liquidity score 56 vs Derive 70. Product depth 62 vs 80. RFQ/blocks: Derive. On-chain: Paradex / Derive.
Both venues enforce geo and KYC rules that change by entity. Paradex: US and restricted regions. Derive: Jurisdiction-dependent frontends. Use country hubs for jurisdiction mapping — not legal advice.