What it does
Orderly sits underneath many branded trading interfaces. Builders connect to common liquidity and exchange infrastructure through APIs and SDKs, then choose the user experience and parts of the fee structure. It belongs in a perpetuals research list as infrastructure, not as another independent pool of liquidity for every frontend using it.
When comparing two Orderly-powered venues, inspect what actually differs: interface fees, supported deposits, account permissions and customer support. A different logo can still lead to the same underlying order book. Conversely, common liquidity does not make every frontend equally trustworthy.
Where it stands out
- Shared liquidity reduces the need for each builder to bootstrap a separate market.
- Several integration paths let wallets and apps add perpetual trading.
What you can do
- 01Shared perpetual order books
- 02REST/WebSocket APIs and SDKs
- 03Builder-controlled interfaces, fees and referral workflows
Who’s behind it
Orderly’s team maintains the trading backend and integration stack. Independent builders operate the branded frontends; the documentation explicitly separates these responsibilities.
Fees & availability
Fees and costs
Total cost depends on Orderly’s base trading terms and the chosen builder’s fee settings. Compare the actual frontend quote, not only the backend rate.
Eligibility and availability
Frontend eligibility, signing permissions and fees vary. Multiple interfaces can depend on the same settlement and liquidity infrastructure.