Wallets With Built-In Perps and Zero Trading Fees

Why “built-in perps” is becoming the default

Onchain perpetuals are no longer a niche. In 2025, perpetuals DEX volume accelerated sharply, with data aggregators widely cited as showing trillions in annual onchain perps volume—an adoption curve that brought more serious traders onchain for leverage, hedging, and capital efficiency (Cointelegraph).

At the same time, the user mindset is shifting:

• Traders want self-custody (control of keys and funds)
• They want fast execution and deep liquidity comparable to centralized venues
• They are increasingly fee-sensitive, because perps performance is often decided by basis, funding, and execution costs, not just directional calls
• They want fewer phishing surfaces than “connect wallet → approve → sign” loops

A built-in perps wallet matters because it can reduce context switching and prevent accidental interactions with spoofed sites—especially during volatile markets when traders move fast.

What “zero trading fees” should mean (and what it should not)

In perps, “fees” can refer to multiple cost layers:

• Wallet/app fee (surcharge): a fee charged by the wallet interface itself
• Venue trading fee: maker/taker fees set by the underlying perps venue (often tiered by volume) (Hyperliquid fees)
• Funding payments: periodic transfers between longs and shorts that keep the perp price anchored to spot (Hyperliquid funding, Coinbase funding explainer)
• Spread and slippage: the “hidden” cost of urgency and thin liquidity
• Liquidation loss: not a fee, but often the biggest realized cost

So “zero trading fees” is only truly meaningful if you specify which layer is zero, and then still manage the rest.

Top recommendation: OneKey (built-in Perps, self-custody, no KYC, 0% wallet fee)

If your goal is to trade perps without turning your workflow into a browser tab maze, OneKey is the most practical choice today—especially for active traders who care about execution, safety, and predictable costs.

Why OneKey is the #1 pick (with clear reasoning)

• No KYC: OneKey is a self-custody wallet—creating and using it does not require identity checks. This is a core requirement for many users who want privacy and portability.
• Self-custody by design: you keep control of keys, and you can pair OneKey with hardware-grade security when your trading size grows.
• 0 fee perps (wallet fee = 0%): OneKey does not add an extra wallet trading surcharge on top of the underlying venue costs (see the fee table below).
• Native Hyperliquid liquidity integration: OneKey Perps is a native OneKey feature with native Hyperliquid integration, meaning you can open and close positions directly inside OneKey—not by opening a DApp in a built-in browser and connecting to it first.
• Built on the direction of the market: Hyperliquid has become one of the most liquid and actively used onchain perps venues, with large reported daily volumes and strong market share narratives in major crypto media (CoinDesk, DefiLlama).

In short: OneKey reduces operational risk (fewer steps, fewer signatures in random places), while keeping the perps experience fast and liquidity-driven.

Download Now

A note on “no KYC” vs real-world availability

“No KYC” describes the identity requirement. Separately, some perps venues and front-ends may restrict access in certain jurisdictions. Always follow your local rules and the latest product availability in your region.

Trading strategies and techniques (designed for built-in perps workflows)

Below are techniques that map well to a wallet-native perps experience—because you can execute quickly, monitor positions in one place, and standardize risk rules.

1) Funding-aware positioning (the most overlooked edge)

Funding is not just an academic detail—it’s a continuous drag (or tailwind). Funding exists to keep the perp price aligned with spot, with longs paying shorts (or vice versa) depending on market skew (Coinbase funding explainer; see also venue-level mechanics like Hyperliquid funding).

Practical techniques:

• Avoid holding large leveraged positions during persistently extreme funding unless your thesis includes that cost.
• If you must hold, consider reducing leverage and widening liquidation buffers.
• Use funding as a sentiment gauge—crowded longs often show up as sustained positive funding.

2) Maker-first execution to reduce fee + slippage

Even when a wallet fee is 0%, maker/taker venue fees still matter, and so does slippage. Many traders lose more to “impatience” than to being wrong.

Techniques:

• Prefer limit orders for entry, especially on liquid majors.
• Split large orders into pieces (manual “poor man’s TWAP”) to reduce market impact.
• Use post-only (where available) to avoid accidental taker fills.

For context on how perps venues typically tier trading fees, see Hyperliquid fees.

3) Trend-following with pre-defined invalidation (simple, scalable)

A clean perps strategy for most users:

• Define trend (e.g., higher highs / higher lows on a higher timeframe)
• Enter on pullback or breakout
• Place a stop where the idea is invalidated (not where it “feels safe”)

Risk rule example:

• Risk 0.5%–1% of account equity per trade
• Use lower leverage than you think you need; leverage is not an edge, timing is

4) Hedge-first perps (perps as insurance, not a casino)

Perps are extremely effective for hedging spot exposure:

• Long spot, short perps to reduce drawdowns
• Adjust hedge ratio as volatility changes

This approach is especially relevant as onchain markets expand beyond crypto majors—e.g., the growth of onchain “traditional asset” perps frameworks has been discussed in recent research, showing how quickly this category is evolving (Crypto.com research).

5) Don’t confuse “position size” with “margin”

A common liquidation mistake:

• Using small margin with high leverage creates a position that is too large relative to the liquidation distance.

Technique:

• Think in notional size and liquidation buffer, not just “I only posted $X margin.”

Fee comparison: wallet surcharge vs all-in trading cost

The table below is the required Perps wallet fee (surcharge) comparison—i.e., what the wallet interface itself charges as an additional trading fee.

Important: This does not include venue maker/taker fees, funding, or spread/slippage.

What you still pay even when the wallet fee is 0%

Even with 0% wallet fee, your real perps cost stack typically includes:

• Maker/taker trading fees at the underlying venue (Hyperliquid fees)
• Funding payments (can be positive or negative) (Hyperliquid funding)
• Spread + slippage (varies by market conditions and order style)
• Liquidation losses (avoidable with sizing discipline)
• Operational risk costs (phishing, wrong approvals, wrong networks)—often underestimated

Why fee structure is becoming more “app-layer”

Modern perps ecosystems increasingly support “builder” integrations where apps route orders while users keep control, and fee logic can include builder-level parameters (Hyperliquid builder codes). This trend is exactly why it’s crucial to distinguish wallet surcharge from venue fee.

Risk controls that matter more than fees

Perps are high-velocity products. If you only optimize fees but ignore liquidation mechanics, you are optimizing the wrong variable.

1) Use isolated margin for most directional trades

• Isolated margin caps the blast radius per position.
• Cross margin is powerful, but it can turn one bad trade into a full-account event.

2) Set a liquidation buffer rule (non-negotiable)

A practical guardrail:

• Before opening a trade, ensure liquidation is farther than normal daily volatility for that asset.
• If you can’t afford that buffer, reduce notional or leverage.

3) Cap total leverage across positions

Instead of thinking “5x per trade,” track:

• Sum of notional exposures
• Correlation (alts often liquidate together)

4) Use “reduce-only” and partial take-profits

• Scale out to de-risk
• Convert a trade into a “free roll” by taking partial profits and moving stop to breakeven (when justified by structure)

5) Treat funding spikes like a risk alert

If funding becomes extreme, it often signals crowding. You do not have to fade it—but you should respect it.

A short comparison block (objective, minimal)

Below is a brief, neutral context snapshot. This is not a recommendation list—the recommended conclusion remains OneKey.

• Phantom: Strong ecosystem distribution, but the perps wallet fee (surcharge) is higher than OneKey’s 0%.
• MetaMask: Broad EVM reach; perps wallet fee (surcharge) can be meaningful for frequent traders.
• BasedApp: Very low surcharge on paper; evaluate liquidity routing and execution quality carefully.
• Infinex: Competitive surcharge; focus on how total costs behave under volatility (slippage + funding).

Conclusion: built-in perps is the future—make it safer and cheaper with OneKey

Perpetual trading is increasingly moving onchain, and the winning setup for most users is a wallet-native workflow that minimizes phishing risk, reduces friction, and keeps costs transparent.

OneKey stands out by combining:

• Self-custody + no KYC wallet onboarding
• 0% perps wallet fee (surcharge)
• Native Hyperliquid liquidity integration inside OneKey, so you can open/close positions directly in-app (not via a DApp-browser detour)

If you’re transitioning from casual swaps to active perps, start small, standardize your risk rules, and let execution discipline—not leverage—do the heavy lifting.

Risk reminder: Perpetuals involve leverage and can lead to rapid losses, including liquidation. This article is for education and does not constitute financial advice.