Based DEX profile
Editorial record: June 1, 2026
Type
order-book
Swap Fee
0.05%
Trading Pairs
25+
Source status
Check provider
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: June 1, 2026
Our MethodologyOverview
Based is a perpetual futures exchange on Base that uses an order-book model. It supports wallet-based trading, limit orders, and a points program. The data entry lists a public code repository and one unnamed audit. Order-book depth and market conditions can affect execution and liquidation risk.
Based
Public sourcesProfile summary
Perps DEX on Base with order-book trading and low fees
Fees & Costs
| Swap Fee | 0.05% |
| Protocol Fee | 0.02% |
| Gas Estimate | $0.01-$0.05 |
Security & Audits
| Audits | Independent Auditor |
| Open Source | ✓ Yes |
| Bug Bounty | ✗ No |
Features
Supported Chains
| Limit Orders | ✓ Yes |
| Perpetuals | ✓ Yes |
| Cross-Chain | ✗ No |
| Lending | ✗ No |
| Farming | ✗ No |
| Staking | ✗ No |
Pros & Cons of Based
Pros of Based
- ✓Very low gas fees on Base
- ✓CEX-like order book experience
- ✓Fast trade settlement
- ✓Active points program for early users
- ✓Open source smart contracts
Cons of Based
- ✗Limited to Base chain only
- ✗Relatively new and unproven platform
- ✗Smaller liquidity compared to established DEXs
Based is a decentralized perpetual futures exchange on Base. Its on-chain order book supports limit orders, market orders, and leveraged perpetual contracts. Check the current contracts, markets, margin rules, and gas costs before you connect a wallet.
Based charges a 0.02% maker fee and a 0.05% taker fee for perpetual futures trading. Gas costs on Base are extremely low, typically ranging from $0.01 to $0.05 per transaction. This makes Based one of the most affordable perpetual DEXs for active traders who want to keep costs minimal.
Based has undergone one independent security audit covering its smart contracts and trading engine. The platform's smart contracts are open source, allowing anyone to review the code. However, as a relatively new platform launched in 2024, it has a shorter track record than established DEXs. Always exercise caution and only trade with funds you can afford to lose.
Base is an Ethereum Layer 2. Network fees and confirmation times vary. Based traders should check the transaction fee and order-book price before submitting an order.
Yes, Based offers a referral program where you can earn extra points by inviting friends to trade on the platform. When someone signs up using your referral link, both you and the referred user receive bonus points. These points may be convertible to rewards or tokens in the future as the platform grows.
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Based offer details
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When to skip Based
Skip Based if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Security
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
