Bluefin

Bluefin is a central-limit-orderbook perpetuals exchange built on Sui, offering a fast, low-latency trading experience native to that ecosystem.

Bluefin fees

Bluefin charges about 0.5 bps maker and 4.5 bps taker (a basis point is 0.01%). As with any perp venue, the funding rate often matters more than the headline fee: it is a recurring payment between longs and shorts that can quietly run for or against your position. See how this stacks up on the lowest-fee perp DEX ranking.

Bluefin leverage & markets

Bluefin offers up to 50x leverage across crypto markets on Sui. Higher leverage magnifies both gains and liquidation risk, so size positions carefully. For the most aggressive limits, see the highest-leverage perp DEX ranking.

Is Bluefin safe and is there KYC?

Bluefin is non-custodial: your funds stay in your own wallet and you sign each trade, so there is no company holding your balance and typically no KYC. The trade-off is smart-contract and liquidation risk, so prefer venues with a solid track record and verify contracts yourself.

Who is behind Bluefin?

Bluefin was built by Zabi Mohebzada and a team of Meta and Goldman Sachs veterans.

Backers: Polychain, Brevan Howard, SIG, ParaFi and others, around $17M.

Bluefin milestones

• 2022Launches as a perps DEX on Arbitrum
• 2023Migrates to the Sui blockchain
• Jun 2024$17M total funding disclosed
• Dec 2024BLUE token generation event, about 17% airdropped

Bluefin FAQ

What is Bluefin?

Bluefin is the leading orderbook perp DEX on Sui, with the BLUE token. It runs on Sui using a orderbook model, offering up to 50x leverage on crypto markets.

What are Bluefin's fees?

Bluefin charges roughly 0.5 bps maker and 4.5 bps taker (1 bp = 0.01%). Funding is paid periodically between longs and shorts.

Does Bluefin require KYC?

No. Bluefin is a decentralized exchange: you connect a self-custody wallet and trade permissionlessly, with no signup or KYC on the protocol.

Does Bluefin have a token?

Yes, Bluefin's token is $BLUE.