How to Use Paradex | Complete Guide from Account Creation to Trading [2026]

This guide explains how to use Paradex, covering everything from account creation to trading and airdrop information in an easy-to-understand format.

What You'll Learn in This Article

✅ Key features of Paradex

✅ How to create an account

✅ Basic trading methods

✅ Latest airdrop information

Paradex is a decentralized derivatives exchange (DEX) built on StarkNet. It supports perpetual futures trading and features a user experience comparable to centralized exchanges (CEXs) with low trading fees.

Paradex is incubated by Paradigm, which holds a significant market share as an "institutional-grade liquidity network" specializing in the crypto derivatives market. Its key value propositions include zero fees, liquidity surpassing CEXs, and institutional-grade privacy.

Through a robust incentive program centered on the native token "$DIME" and the XP (Xperience Points) system, Paradex is rapidly expanding its user base and trading volume.

Key Features of Paradex

• Zero Fee Model (Zero Fee Perps): Trade across 100+ perpetual futures markets with zero maker and taker fees.
• Liquidity Beyond CEXs: Institutional-grade liquidity and Retail Price Improvement (RPI) orders enable trading at favorable prices.
• Institutional-Grade Privacy: ZK-encrypted accounts keep trading details such as positions and PnL private.
• Unified Margin: Share margin across 250+ markets including futures and options from a single account, maximizing capital efficiency.
• Paradex Vaults & VTFs: Automated multi-strategy asset management pools. Deposit USDC to participate in strategies managed by experts.
• No ADL: Loss socialization and insurance fund mechanisms prevent forced position reductions (Auto-Deleveraging) for traders.

Paradex vs Major DEX Comparison

Creating a Paradex account is completed in three steps: wallet connection, account creation, and deposit. Each step is explained in detail below.

Wallet Connection

Access Paradex through this link.

Confirm that the CandyDrops referral code (candydrops) is applied, then click the Login button.

Since campaign participation is verified through this referral code, please make sure the CandyDrops referral code is applied before creating your account.

Please note that campaign entries from accounts without the referral code applied may be excluded from the lottery, as account creation status and trading volume cannot be retrieved during aggregation.

The wallet selection screen will appear. In addition to EVM wallets, options such as email, social login, and Starknet wallets are available. Select Choose Wallet here.

Account Creation

On the next screen, a list of wallets compatible with Paradex account creation will be displayed. Select Rabby Wallet here.

The wallet connection screen will appear on the Rabby Wallet side. Click Connect.

As an anti-spam measure to prevent automated account creation, Paradex requires you to hold at least 0.001 ETH or 5 USDC on either Ethereum, Arbitrum, or Base networks. Be aware that new addresses may be rejected due to this requirement.

A signature request screen will then appear. After confirming that the displayed information matches the screen above, click Sign.

Finally, when the screen above appears, enter your desired username and click Save. Your account creation is now complete.

Depositing Funds

Paradex supports USDC deposits, and you need to hold USDC on a supported chain.

To make a deposit, click the Deposit button displayed in the upper right corner of the screen.

After clicking, the following modal will appear.

① Select the network for the deposit. Choose the network where you hold USDC.

② Enter the amount. Specify the deposit amount.

③ Select a bridge. Paradex Bridge is the official bridge, but third-party bridges are also available.

Once all inputs are complete, click the Deposit button to finish.

After depositing, click the Portfolio button at the top of the screen to view your Paradex account balance and transaction/deposit/withdrawal history in one place.

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Candy Drops is running a collaboration campaign with "OKJ," a cryptocurrency exchange licensed by Japan's Financial Services Agency. By registering through this link, you can receive 1,000 yen worth of Bitcoin.

Additionally, by completing KYC and verifying tasks on the Candy Drops My Page, you can earn 50,000 Candy Drops points, which can be used to enter regularly held campaigns.

Don't miss this opportunity to participate!

Once your account creation and deposit are complete, you can start trading. This section explains the basic trading operations on Paradex.

How to Place Orders

On the Paradex trading screen, select a market (trading pair) on the left side, and enter your order from the order panel on the right side. The supported order types are as follows:

• Market Order: Executes immediately at the current market price. Use this when you want to take a position quickly.
• Limit Order: Places an order at a specified price. Use this when you want to execute at your desired price.
• Stop Order: An order triggered when the price reaches a specified level. Useful for setting stop-losses.

Leverage settings are also available when placing orders. Maximum leverage varies by market, so trade with careful risk management.

Position Management

You can view a list of your current positions in the "Positions" tab at the bottom of the trading screen. The following information is displayed for each position:

• Entry price
• Current unrealized PnL
• Liquidation price
• Margin ratio

To close a position, click the "Close" button on the relevant position or place an order in the opposite direction.

How to Check Your L2 Address

For managing your Paradex trading account, an L2 address is generated separately from your connected wallet address, and this serves as your account address.

Click your username in the upper right corner of the top page, then click the Wallet button.

An account information modal will appear in the center of the screen. The address at the top is the EVM address used during account creation. The red-framed area at the bottom shows your Paradex L2 address.

Paradex has allocated 20% of the total supply of its upcoming token $DIME for community airdrops.

Points Program (XP System)

Paradex operates a points program called XP (Xperience Points). XP is awarded based on trading activity and is expected to influence future airdrop allocations.

• Pre-Season + Season 1 (Ended): Conducted from February 2024 to January 2025, with 5% of the total supply allocated.
• Season 2 (Ended): Conducted from January 2025 to February 2026. Over 15% of the total supply was allocated.
• Season 3 (Active): Currently ongoing. $DIME rewards can be expected.

Token Airdrop

The $DIME token was launched on March 5, 2026. Season 3 of the points program is currently underway, and participants can earn $DIME.

By participating in CandyDrops campaigns, you can enter the CandyDrops lottery while simultaneously targeting Paradex airdrops. We encourage you to consider joining.

👉 Learn how to get started with airdrops here

👉 Learn how to use the Testnet Faucet here

What is Paradex?

Paradex is a decentralized derivatives exchange (DEX) built on StarkNet. It supports perpetual futures trading and features a user experience comparable to CEXs with low trading fees.

Is there an airdrop for Paradex?

The token was issued on March 5, 2026. Season 3 of the points program is currently underway, and points are awarded based on trading activity.

What are the fees on Paradex?

For Retail users trading through the Paradex app, both Maker and Taker fees are 0% as the base rate. For Pro users trading via API, fees of Maker: 0.003% and Taker: 0.02% apply.