Perpex vs Dexly: Hyperliquid copy trading compared
Perpex and Dexly are both non-custodial interfaces for trading on Hyperliquid, and both offer copy trading. The table compares what each product states on its own pages; every row links to its source.
Facts checked on 2026-10-01. Products and fees change; verify on each site before deciding.
This comparison is for information only and is not investment advice. Trading perpetual futures carries a risk of loss, and copied results can differ from the source trader.
| Topic | Perpex | Dexly |
|---|---|---|
| Funds and custody | Non-custodial interface developed by Celebit Ltd. Collateral stays in your own Hyperliquid account. Source | Non-custodial interface. Orders are signed by an agent key that can trade but cannot withdraw and can be revoked. Source |
| Trading fees | Perpex’s only fee is a 0.10% builder fee on eligible order fills, separate from Hyperliquid trading fees and funding. Source | Hyperliquid trading fees plus a builder fee that Dexly says is shown in the app before you approve it. Source |
| Copy trading cost | Copied orders use the same 0.10% builder fee on eligible fills. No performance fee. Source | The copy trading page states no platform fees, with only standard Hyperliquid maker and taker fees. Source |
| Copy trading | Available, after checks on the owner wallet, agent authorization, builder approval, collateral and market and account mode. Source | Pick a leader, set allocation and risk limits, and trades are mirrored to your account automatically. Source |
| Copy risk controls | Choose allocation and risk limits before starting; stop an active relationship in the app. Source | Maximum drawdown threshold that pauses copying, plus leverage, maximum position size and per-trade limits. Source |
| Apps | Web app, plus apps on the App Store (iOS) and Google Play (Android). Source | Web app, plus iOS and Android apps. Source |
| Product scope | Trading on Hyperliquid markets, market data and public trader analytics. Grid and algorithmic bots are coming soon. Source | Perpetuals, spot, tokenized stocks and indices (HIP-3) and prediction markets, plus a wallet explorer, whale leaderboard, price alerts and portfolio tracking. Source |
How Perpex differs
- Perpex publishes one fee: a 0.10% builder fee on eligible order fills, including copied orders, with no performance fee. Hyperliquid trading fees and funding apply on both products.
About Perpex
- Trader analytics
- Public trader profiles built from a Perpex data set of processed Hyperliquid fills starting in March 2025. Source
Where Dexly may fit better
Dexly documents more copy risk controls, including a drawdown threshold that pauses copying, and states that it covers spot, tokenized stocks and prediction markets alongside a wallet explorer. On Perpex, grid and algorithmic bots are coming soon.
How we compared
Each competitor fact comes from that company's own website or documentation and links to the exact page. Facts we could not confirm there are left out rather than guessed.
Dexly, Hyperdash, Copin, Arco and BitMEX are products of their respective owners. Perpex is developed by Celebit Ltd and is not affiliated with them.
Frequently asked questions
Do Perpex or Dexly hold user funds?
According to each product's own pages, neither holds user funds. Both use a Hyperliquid agent key that can place orders but cannot withdraw.
Which one costs less for copy trading?
It depends on what you count. Perpex charges a 0.10% builder fee on eligible copied fills and no performance fee. Dexly’s copy trading page states no platform fees, while its FAQ mentions a builder fee shown before approval. Check current figures in each app.