Orderly Network Review
Apache-2.0 core with three named auditors
of 10
Orderly publishes an entry-tier taker fee of 3.0 basis points with a zero maker rebate cap, releases its EVM contracts under Apache-2.0, and names Halborn, Zellic and Guardian Audits. Funding and liquidation terms were not verifiable on the pages read.
No money changes hands. This is a non-commercial project: no advertising, no sponsored placements, and no affiliate or referral links. Links to the services below earn us nothing. Every overall score is the plain average of the criteria shown on the page, so you can check the arithmetic yourself — see our rating methodology and how the site is funded.
Taker fee
3.0 bps at the public/entry tier
Maker rebate cap
0.00 bps at entry
Licence
Apache-2.0 (contract-evm)
Auditors
Halborn, Zellic, Guardian Audits
Funding/liquidation
Not verified on pages read
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (7.0 + 3.0 + 9.0 + 9.0 + 3.0) ÷ 5 = 6.2.
Pros
- Entry taker fee published at 3.0 bps for crypto and RWA markets
- Apache-2.0 on the contract-evm core repository
- Three auditors named — Halborn, Zellic, Guardian Audits — with reports in a dedicated repo
Cons
- Funding mechanism was not verified on the pages reached
- Liquidation terms were not verified on the pages reached
- The fee page is framed around builder tiers, complicating a plain retail read
A clean licence and a named audit record
Orderly's EVM contract repository carries Apache-2.0, and its security page names Halborn, Zellic and Guardian Audits with reports gathered in a dedicated audits repository. Both are among the stronger positions in this comparison.
The trading terms are only half-documented
The entry-tier taker fee is published at 3.0 basis points with a zero maker rebate cap, framed around Orderly's builder-tier model. But the funding mechanism and the liquidation terms could not be verified on the pages we reached. Those are core facts for a perpetuals venue, and their absence is why the funding-and-liquidation and risk-documentation scores sit low despite the strong licence and audit record. If Orderly documents them elsewhere, the review will be corrected against the source.
How it compares
Drift
Apache-2.0 core; live docs now serve a fork
Jupiter Perps
Fees documented, core program closed
Gains Network
Granular fee schedule, core licence unconfirmed
Paradex
Low maker fee published, wider docs unreachable
Aevo
Fees and liquidation tiers published, code unverified
Ostium
MIT-licensed with six named audit reports
GMX
Imbalance-based fees, five named auditors
dYdX
AGPL-licensed core with a published liquidation cap
Hyperliquid
Hourly funding and liquidations documented in full
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.Orderly — trading fees — checked
- 2.Orderly contract-evm — LICENSE (Apache-2.0) — checked
- 3.Orderly — security and audits — checked
Frequently asked questions
What are Orderly's trading fees?
The public entry tier is a 3.0 basis point taker fee with a zero maker rebate cap, for crypto and RWA markets.
Is Orderly open source?
The contract-evm core repository carries the Apache-2.0 licence.
Nothing here is financial advice. Editorial policy · How we score · How we're funded.