Best Solana Futures Exchange in 2025

Best Solana Futures Exchange in 2025 — List

If you want the best trading services when trading SOL futures, then these platforms should top your list:

1. ➡️ Best Wallet: This anonymous wallet gives you access to dApps where you can trade SOL futures in a decentralized environment. It is easy to set up and requires no fees for access.
2. ➡️ MEXC: With MEXC, you can access not only Solana futures but also Bitcoin and 1,200 other futures contracts. The exchange also supports settlement in other cryptocurrencies.
3. ➡️ Kraken: Kraken brings the advantage of multi-collateral futures contracts. That includes Solana and over a hundred more for you to trade seamlessly.
4. ➡️ Margex: With Margex, you can effortlessly amplify your position with up to 100x leverage. It is one of the best platforms to get leverage on your futures trades.
5. ➡️ OKX: Like other Solana futures exchanges on this list, OKX supports leveraged trades. It also features perpetual futures and those with expiration dates.
6. ➡️ Coinbase: This platform is modern and offers you the liquidity of one of the top five largest crypto exchanges in the world.
7. ➡️ BingX: With BingX, you can not only trade Solana futures but also copy the trades of other elite traders. It is an excellent option for beginners.
8. ➡️ Bybit: Bybit matches its support for crypto derivatives with deep liquidity. You’ll get smooth order executions with minimal slippage.
9. ➡️ Binance: Binance still holds the title of the world’s largest crypto exchange. It is also an ideal spot for advanced chart and price analysis, thanks to its pro-level charting. Even better, you can use those charts when trading Solana, Bitcoin, or any other coin-m futures contracts available on the site.

1. Best Wallet

At first glance, Best Wallet is not as robust a crypto exchange as the others on this list. It is simply a crypto wallet that allows you to buy, sell, and swap tokens and coins with little to no fees. It also provides secure storage for your cryptocurrencies, especially if you are invested in a multi-chain portfolio.

Where Best Wallet lags in perpetual futures trading for now, it makes up for it with DeFi integration. The wallet integrates seamlessly with PancakeSwap, a place where you can trade, earn, and own crypto on the all-in-one multichain DEX. That is where you want to be if you want to trade Solana futures.

PancakeSwap throws several notable features, including support for NFTs, a prediction market, and liquidity pools. But our focus today will be on the Solana futures exchange on board the platform.

With PancakeSwap, you can trade perpetual futures via its in-house perpetual swaps. These contracts have no expiration dates. As such, you can speculate on Solana’s price without owning it while interacting on the DEX.

PancakeSwap makes the experience even better by introducing margins. This option allows you to use borrowed funds from the decentralized exchange to amplify your trading position. Let’s say you have $10 to trade SOL futures. With a 10x margin, you can increase your position to $100 when entering the trade.

If you want SOL futures on PancakeSwap, you’ll have to use the PancakeSwap Perpetuals Trading V1. This option also supports BNB Chain, Ethereum, and Arbitrum. The Trading V2 option is only available on BNB, Arbitrum, BASE, and opBNB chains.

As for Best Wallet, you can get more from it by buying the $BEST token. Some of the benefits include lower fees and early access to new cryptocurrencies via the “Upcoming Tokens” launchpad.

Notable Features of Best Wallet

• ➡️ A launchpad: This section features new token presales. It allows Best Wallet users to invest in new tokens directly in the wallet. You can also stake your tokens and earn passive rewards.
• ➡️ Staking aggregator: You can use this feature to stake and earn from various new crypto projects on Best Wallet.
• ➡️ Multi-chain support: Best Wallet supports over 60 blockchains, from Bitcoin to Ethereum, Solana, Cardano, and other leading blockchains.
• ➡️ Derivatives trading: This feature is upcoming and will be available during the phase 3 development stage. We believe it will bring support for Solana and Bitcoin futures trading.

Why We Like Best Wallet and What Should Be Improved

Advantages	Disadvantages
Your private keys are never public, and you can secure your wallet app with biometric authentication You don’t need KYC verification to sign up with Best Wallet You have full control over your assets and funds Best Wallet has support for 330 DEXs and bridges, ensuring swift swaps always There are advanced anti-fraud detection systems	The wallet does have direct support for Solana futures, except through the DEX You won’t get advanced trading tools like pro-level charts and technical indicators The wallet does not support NFTs

2. MEXC

MEXC allows users to trade SOLUSD futures with ultra-low fees and deep liquidity, but that is not the best part. Those who prefer trading with leverage will find the 300x leverage more than adequate for amplifying their positions. The leveraged trade also comes with fast order executions and top-tier security.

To trade SOL futures on this Solana futures exchange, you’ll have to open an account and purchase USDT. With these tokens, you can effortlessly trade derivative products like Solana futures. Bitcoin futures are also available on the platform. You can use that to diversify your portfolio, but always keep the risks in mind.

Since you don’t have to own SOL tokens to trade Solana futures, you can start with a significantly low trading budget. But it gets better.

MEXC features live charts to keep up with the real-time price movement for the underlying asset, SOL. You can use that and even get analytical with the technical indicators on the platform.

The perpetual futures available on MEXC are USDT-M, USDC-M, and Coin-M perpetual futures. In other words, you can settle your futures trading contracts in USDT, USDC, or other cryptocurrencies. This support brings flexibility to the trading experience.

Just like on many other typical crypto exchanges, holding the native cryptocurrency on MEXC brings a few benefits. One such is a 50% discount on futures trades. The fees are already low, but with MX, you can get them even lower. Note that this discount applies to spot trading as well.

For a service that serves over 10 million people and is available in over 170 countries, MEXC is no doubt one of the best Solana futures exchanges available. Signing up on the platform even comes with a bonus, as of our last checks when conducting our extensive reviews.

Notable Features of MEXC

• ➡️ Copy trading: One way is to use this feature and copy the spot trades of elite traders. You can see their returns on investment as well. Another way is to copy the SOL futures trades of these elite traders.
• ➡️ Trading engine: The trading engine on MEXC is high-performance and capable of achieving speeds of several transactions per second.
• ➡️ Position mode: This mode allows you to determine if you can hold both long and short positions for a single futures pair. You have two options when using it: the hedge mode and the one-way mode.
• ➡️ Price protection: With this feature, you can prevent the abnormal triggering of your stop-loss or take-profit trades during periods of high market volatility.

Why We Like MEXC and What Should Be Improved

Advantages	Disadvantages
Price protection is available to protect you during high market volatility You can use leverage on your futures trading contracts, up to 500x There is an option to get even lower fees by holding the MX token You can earn by holding cryptocurrencies on the platform MEXC has deep order books and high trading volume	The customer support is poor The platform still battles occasional challenges with withdrawals

3. Kraken

With an intermediate or Pro verified account on Kraken, you can buy and trade Solana futures. All you have to do is open the Kraken Futures platform, fund your futures wallet, and submit your long or short order, depending on your predictions. Kraken will take it up from there and set your trade.

Trading Solana futures with Kraken is one way to hedge your position against market movements, but that isn’t the best thing about using Kraken for this trade. The platform offers a multi-collateral advantage for its derivatives. 

We had impressive flexibility when opening new positions or maintaining our current ones. This flexibility was possible because of the variety of collateral options. Regardless of which crypto you trade, you can always convert the profits into any currency of your choice.

To make things even better, Kraken has a multi-collateral futures wallet. The wallet is not like a Web3 wallet. However, with it, you can use several collateral options to manage your trading positions. There is no need to move funds around. Also, the wallet supports nine different collateral options, meaning you can gain exposure on several pairs effortlessly.

Kraken still offers more features to make Solana futures trading memorable. One such is the new margin mode. This mode allows you to trade using isolated margin to limit your downside per contract. You can also use cross margin to activate your collaterals across all your positions.

When it comes to cryptocurrencies, Kraken supports over 400 of them. You can also deposit cash into your account and start trading.

If you want to launch a bit further, then Kraken is the right spot. It is not only a Solana futures exchange but also a platform where you can trade stocks and ETFs commission-free.

Notable Features of Kraken

• ➡️ Spot trading: Kraken provides deep spot and stablecoin liquidity for daily trading. You can view price charts and analyze the market.
• ➡️ Education: Beginners can use this section to learn more about trading crypto, especially futures trading on Kraken. The guide also includes articles on NFTs.
• ➡️ Kraken Prime: This section is ideal for institutional traders. It provides a seamless gateway for institutions to execute crypto trades effortlessly.

Why We Like Kraken and What Should Be Improved

Advantages	Disadvantages
Kraken features regulated futures for trading Staking rewards are available for institutional traders You can use the OTC section for large-volume trades Kraken has competitive fees for its futures margin trading	Solana futures trading is only available in select regions, primarily due to regulatory concerns

4. Margex

One thing we like about Margex is its user-friendly interface. With it, you can effortlessly trade Solana futures, but it gets better. The platform allows users to trade crypto futures with up to 100x leverage. You can use the leverage with a low margin to start trading without much risk. 

Those starting with derivatives trading can use the live demo on the site to learn. This live demo features an award-winning UI, all without any sign-up requirements.

Margex allows Solana futures trading using virtual currencies as collateral. Even better, you won’t have to pay hidden fees when opening or closing trading positions. Simply focus on trading your futures even while maintaining a low profile compared to other trading platforms.

You can get the Margex trading app on your mobile device. There is also a welcome bonus for new traders, with rewards going up to $10,000.

Margex promises deep liquidity for traders, and we weren’t disappointed during our review. The platform gets its liquidity from over 12 providers. That means you can expect fast order executions and minimal fees on your trades.

Speaking of trades, derivatives aren’t the only trades you can make on Margex. You can copy spot trades as well using the copy trading feature. Simply go to the copy trading section and pick a seasoned trader that aligns with your trading goals.

When it comes to security, Margex offers a few helpful tools to protect its traders not just from unauthorized access but also from the market. One such is the MP Shield system. This system prevents price manipulation, typically caused by large or significant purchases or token dumping.

If you opt for crypto-only funding, you can register on Margex with KYC. But if you want to make fiat deposits, then KYC is necessary.

Notable Features of Margex

• ➡️ Margin trading: Margex offers isolated margin and cross-margin options for this feature. It is a viable approach to amplify your position.
• ➡️ Multi-charting: This feature allows you to open and view multiple trading charts. You’ll get more tools to keep track of your portfolio.

What We Like About Margex and What Should Be Improved

Advantages	Disadvantages
The platform has industry-leading security with two-factor authentication, email confirmation, SSL encryption, and 24/7 chat support You can leverage your futures trade up to 100x Cross-margin is available on the platform	Margex lacks extensive trading options

5. OKX

With OKX, you can trade Solana futures through perpetual and USD-margined futures contracts. This feature allows you to speculate on the price movements of SOL.

You can get perpetual and delivery contracts with OKX. The Solana futures exchange also includes futures contracts for Bitcoin and Ethereum.

Another thing that impressed us during our OKX review was the available tools to aid Solana futures trading. These tools include futures grid, trading bots, and futures DCA. The grid allows you to create helpful trading strategies for your futures trades. With the bots, you can automate a few processes to make you more efficient when trading Solana futures.

OKX allows users to create their custom trading bots. But if you are not down for that, you can effortlessly buy a bot from the marketplace. 

Spot trading is another impressive trading option at OKX. Even options trading, which allows you to maximize your gains with market volatility, is also available. You can use the options chain or go with the simple option if you are a beginner.

If you want to be ahead of new ICO drops, then OKX is the place to be. The platform does that through its pre-market futures.

You’ll find extensive trading data for cryptocurrencies. The data is available for an hour or a day. You can use this data when trading spots on OKX. 

Funds and user assets are secure on this platform. OKX uses multifactor authentication, multiple layers of risk checks, and secure storage. It stores the majority of user assets and funds in offline cold storage. That keeps the assets safely away from hacks or theft.

Note that OKX also has a hot wallet for crypto storage. It uses semi-offline devices that store your private keys in volatile memory instead of non-volatile memory.

Notable Features of OKX

• ➡️ Liquid marketplace: You can use this section for OTC trades, as it provides enough liquidity to accommodate large-volume trades.
• ➡️ Marketplace: With OKX, you can copy the futures trades of other traders. It is part of the platform’s overall copy trading features.
• ➡️ Web3 wallet: OKX provides a Web3 hot wallet that uses volatile memory to store user private keys. That is much safer than those that use non-volatile memory.

What We Like About OKX and What Should Be Improved

Advantages	Disadvantages
You can use the P2P trading section with zero fees and over 100 payment options OKX allows you to connect with TradingView and trade with supercharged charts There are powerful APIs for integration The OKX wallet allows you to store Solana and tokens or coins from over 150 chains	OKX does not support fiat-to-bank withdrawals Some futures trading features may be unavailable depending on your region

6. Coinbase

Coinbase recently expanded its futures trading options to include Solana. Before now, the platform supported only Bitcoin and Ether futures. Now, it has evolved into a 24/7 Solana futures exchange, but there are still other aspects we find impressive.

With Coinbase, you have a regulated platform that operates within a regulated market. It is one of the few crypto exchanges with actual regulations for its futures trading. This characteristic makes it one of the most trustworthy exchanges to trade your crypto assets.

Coinbase tailors its services to individuals, businesses, and institutions. If you trade as an individual with a small portfolio, then you can effortlessly use the pro-grade trading tools to maximize your trades. Sub-platforms like Coinbase One offer zero trading fees to the users, while the Onchain section allows you to dive into a world of dApps.

Institutions have a separate section where they can access spot markets for high-frequency trading. They can also access perpetual futures on an international level. Even better, these services come with professional brokerage from Coinbase.

This platform also offers a wallet for users. With the wallet, you can store your cryptocurrencies and NFTs. You can also access DeFi platforms that could be helpful in your Solana futures trading.

As for actual trading, Coinbase has powerful analytical tools, real-time order books, and deep liquidity to ensure smooth trading operations. The liquidity covers hundreds of markets, including futures markets.

Coinbase does not have in-built trading bots, which could be helpful with 24/7 futures markets. However, the platform supports integrations with third-party platforms offering trading bot solutions to traders.

Notable Features of Coinbase

• ➡️ NFT support: Coinbase not only supports NFTs but also offers a marketplace where you can buy and sell NFTs. You can also create NFTs on the platform.
• ➡️ The Coinbase wallet: This wallet is available on the web. You can use it alongside your Solana futures trades if you want settlement in USDT, USDC, or other cryptocurrencies.
• ➡️ Data marketplace: You can get information on cryptocurrency data, including new listings. These details can be helpful in your trading decisions.

What We Like About Coinbase and What Should Be Improved

Advantages	Disadvantages
Coinbase has tailored trading solutions for individuals, businesses, and institutions The platform is regulated Futures trading markets on Coinbase are regulated You will find powerful analytical and charting tools for trading Coinbase has deep liquidity for different trading markets	The platform does not have AI-driven trading bots Coinbase does not have a P2P trading section

7. BingX

With BingX, you have two types of Solana futures contracts to trade. The first one is the SOL-USDT USD-margined perpetual futures, while the second is the SOLUSDT linear perpetual futures contract. Even better, the platform has a much more seamless section for new traders to trade futures with one click.

The SOL-USDT USD-margined perpetual futures use USD as collateral, and they have no expiration dates. On the other hand, the SOLUSDT linear perpetual futures contracts are pegged to the SOL/USDT price. They also do not have expiration dates.

You can trade your SOL futures contracts with leverage. That means you can control a large amount of SOL in the contract with a small capital.

BingX allows users to track real-time prices, trends, and trading volume across its futures markets. This futures market data is available not only for SOL but also for BTC and Ether.

You’ll find several other impressive features on BingX. One such section is the copy trading section, where you’ll find over 17,000 elite traders. You can view their ROIs and copy their trades, including their SOL futures trades.

BingX also features a launchpad for spot trading. With the launchpad, you can access and trade new cryptos that are yet to hit high popularity in the market. But note that tokens in this section will typically have low trading volumes. As such, liquidity will be low compared to the more established tokens.

Notable Features of BingX

• ➡️ Leveraged contracts: BingX supports up to 125x leverage for its margin contracts. You can use that to amplify your trading position.
• ➡️ Futures grid trading: This feature allows you to create your strategies, use leverage, and trade futures or spot markets.
• ➡️ Spot trading: BingX features over 1,000 coins on its platform. You can trade these coins with automatic calculation of average cost and PnL.

What We Like About BingX and What Should Be Improved

Advantages	Disadvantages
BingX uses a compliance matrix that ensures it remains a regulated platform in regions where it operates The platform features auto-detection of cybercrime risks BingX maintains 100% proof of reserves Developers can integrate BingX with the APIs	BingX has limited services in some regions The platform has a low liquidity score

8. ByBit

Bybit features SOL perpetual futures with live charts, deep liquidity, and low fees. You will also find SOLUSDT perpetual contracts on the platform. Nevertheless, you will find contracts that are settled in other cryptocurrencies.

One thing you must note when trading futures with Bybit is that there are minimum thresholds you must meet for your trade to be registered. In other words, there is a minimum number of SOL you can trade in the futures market.

The futures contracts on Bybit run 24 hours a day and seven days a week. Even better, the platform offers trading bots and AI-driven tools to aid your trades. The AI-powered trading assistant features a chat section and a lens for analysis and data insights.

As for the trading bots, you can create trading bots for futures grid, futures Martingale, and futures combo. The platform also supports trading bots for spot grid and DCA. There’s a market where you can select trading bots and use them for your trades.

Options contracts are also available on Bybit. You can explore key trends and opportunities seamlessly on the platform.

Notable Features of Bybit

• ➡️ P2P trading: Bybit supports P2P trading with zero fees. You’ll get competitive prices and support for over 60 fiat currencies.
• ➡️ Web3: The platform has a separate Web3 section where you can connect your wallet. You can explore dApps, access airdrops, and interact with Web3 applications
• ➡️ Spread trading: This feature allows you to take trades with the potential of making profits from spreads

What We Like About Bybit and What Should Be Improved

Advantages	Disadvantages
New perpetual contract pairs are added regularly The platform features AI-powered tools, like the trading bots and TradeGPT Bybit supports instant crypto deposits into your account You can trade SOL futures with leverage Pre-market trading opportunities are available on the platform You can trade spots on Bybit with up to 10x leverage Customer support is responsive	User funds have no government-endorsed insurance Derivatives trading has high risk

9. Binance

Binance does more than just provide a platform where you can trade Solana futures. It also provides a futures calculator. With it, you can calculate the hypothetical profit and loss and return on investment (ROI).

As for futures trading, Binance features SOLUSDT perpetual contracts. These contracts are available for trading with deep liquidity and low fees. You can use leverage and cross margins on your trades.

Binance has TradingView integration. This feature brings more capabilities to the charts and trade analysis.

Other futures contracts available on Binance include USDT perpetual, USDT delivery, COIN-M perpetual, and COIN-M delivery contracts. These also allow for the use of leverage and margins.

Options contracts, trading bots, and copy trading are available on Binance. For the options, you can consider classic options like BTC, ETH, BNB, and SOL.

The provision of trading bots makes Binance an impressive Solana futures exchange. You can get a trading bot for futures grid, but that’s not all. Trading bots are also available for spot grid markets, arbitrage, rebalancing, and spot DCA.

Notable Features of Binance

• ➡️ Copy trading: You can copy the Solana futures trading strategies of proven or elite traders.
• ➡️ Futures data: This section contains comprehensive information on trading data, funding rate, insurance fund history, and arbitrage rate

What We Like About Binance and What Should Be Improved

Advantages	Disadvantages
Binance provides extensive data on the futures market. The details include trading data, funding rate, funding rate history, arbitrage rate, insurance fund, etc. The futures calculator can help you calculate the target price, the liquidation price, the max open, and the open price Binance has extensive SOL futures markets	Trading services vary by region. As such, one region may not get the Solana futures market

What is a Solana Futures Exchange?

A Solana futures exchange is a crypto exchange that allows you to trade (buy and sell) futures contracts based on Solana. They connect you to buyers if you are selling the futures contract or to sellers if you are buying the futures contract. Note, in all these, you don’t have to own SOL on the platform before trading.

Exchanges in this category typically have an order book where you’ll find the bid and ask prices for the contracts. They also have a matching engine that matches your buy or sell orders with traders. The interface comes with charts and various tools for you to analyze the markets. These tools are typically indicators.

Another key feature of a typical Solana futures exchange is a margin system. This system allows you to manage your collateral, a necessity to keep your futures contracts open.

A Solana futures exchange can be centralized or decentralized. Centralized exchanges that provide Solana futures typically do so under financial regulations, like Coinbase. Decentralized exchanges, on the other hand, feature on-chain Solana futures trading.

While you only need an exchange account to trade SOL futures on centralized exchanges, you’ll need a DeFi wallet to trade on decentralized exchanges. A typical example is Best Wallet and PancakeSwap.

Best Solana Futures Exchange: Evaluation Criteria

When evaluating Solana futures exchanges, the following criteria should be at the top:

Support for Different Skill Levels

While our recommended Solana futures exchanges have user-friendly interfaces, we can’t say that about all exchanges. That is why you must consider your skill level and the user experience first.

If you are a beginner, you can try Coinbase or BingX. These offer beginner-friendly access and features. But if you are skilled in futures trading, you can opt for Binance, Kraken, or OKX.

The Features and Crypto Coverage

At this stage, you’ll have to consider the trading features. For example, you need to know if the platform supports delivery and perpetual futures. You’ll also have to consider the margin system, the leverage, the settlement currencies, trading charts, order book, etc.

Security features should also be top-notch. A guard against price manipulation, like what Margex offers, is an added advantage.

Support for Different Investment Strategies

The next evaluation criterion is to see if the exchange has the features to support your preferred trading strategy. Hedging, spread trading, and momentum are some of the prominent crypto futures trading strategies.

Let’s take hedging as an example. For this strategy to work, the exchange has to support both spot and futures trading.

Availability and Regulatory Compliance

This criterion is essential, especially when dealing with centralized exchanges. Some exchanges offer limited features in certain regions because of regulations. As such, you must confirm if your preferred exchange has all the features you need to trade SOL futures.

Solana Futures Trading Strategies

Some of our top recommended strategies when trading SOL futures are as follows:

• ➡️ Spread trading: This strategy involves profiting from the difference between two futures contracts. An example is buying one contract that will expire on one date and selling another contract that will expire on another date.
• ➡️ Momentum or trend following: For this strategy, you simply trade based on the current trends. For example, you can go long on SOL when the market is in a bull run.
• ➡️ Hedging: This strategy helps protect your capital in other trades. For example, you can open a short position on SOL futures when trading SOL spots.