Perp exchanges

46 DEX and 16 CEX, ranked by 24-hour volume.

#	Name	Vol 24h	OI	Mkts	BTC /8h	Token	Airdrop	Max lev
1	Hyperliquid	$8.13B	$13.43B	178	+0.0100%	HYPE	Season 2	40x	Trade
2	Aster	$2.38B	$1.42B	583	+0.0098%	ASTER	Stage 5	300x	Trade
3	Variational Omni	$2.23B	$944.4M	552	+0.0100%	—	Active	—	Trade
4	edgeX	$1.88B	$651.9M	172	−0.0117%	EDGE	Active	100x	Trade
5	Lighter	$1.58B	$646.6M	197	+0.0096%	LIT	Season 3	50x	Trade
6	tradeXYZ	$1.37B	$3.95B	108	—	—	Active	50x	Trade
7	GRVT	$629.3M	$459.8M	194	+0.0100%	GRVT	Active	50x	Trade
8	Lighter RH	$537.6M	$221.5M	57	+0.0096%	LIT	—	50x	Trade
9	Extended	$522.2M	$199.5M	308	+0.0104%	—	Active	100x	Trade
10	Pacifica	$492.5M	$110.3M	77	+0.0100%	—	Active	50x	Trade
11	Bulk	$481.6M	$772.0M	20	+0.0100%	—	—	40x	Trade
12	SunX	$450.5M	$5.9M	267	+0.0040%	—	—	100x	Trade
13	ApeX Omni	$400.6M	$154.0M	125	+0.0042%	APEX	Not active	100x	Trade
14	Nado	$400.3M	$91.6M	74	+0.0100%	—	Active	50x	Trade
15	SoDEX	$371.3M	$144.7M	91	+0.0059%	—	—	40x	Trade
16	StandX	$324.9M	$60.4M	13	+0.0100%	—	Active	40x	Trade
17	QFEX	$282.9M	$240.3M	188	—	—	—	30x	Trade
18	Jupiter Perps	$258.1M	—	3	L +0.0104% / S +0.0048%	JUP	—	500x	Trade
19	Reya	$113.9M	$16.9M	50	−0.0069%	REYA	Active	100x	Trade
20	Ondo Perps	$106.9M	$91.2M	65	+0.0100%	—	Active	25x	Trade
21	Arcus	$104.6M	$21.4M	58	+0.0100%	—	—	50x	Trade
22	RISEx	$99.2M	$50.3M	32	+0.0061%	—	—	25x	Trade
23	Polymarket Perps	$79.0M	$59.4M	89	+0.0100%	—	Not active	50x	Trade
24	Injective	$72.6M	$3.4M	286	+0.0005%	INJ	—	101x	Trade
25	Derive	$64.7M	$84.4M	15	+0.0100%	—	—	15x	Trade
26	dYdX	$50.1M	$50.5M	78	+0.0012%	DYDX	Not active	50x	Trade
27	Perpl	$43.7M	$1.3M	8	−0.0112%	—	Active	33x	Trade
28	Popdex	$43.6M	$10.5M	20	+0.0096%	—	—	100x	Trade
29	Orderly	$39.0M	$39.8M	139	+0.0100%	ORDER	—	100x	Trade
30	Phoenix	$36.0M	$23.9M	82	+0.0144%	—	—	40x	Trade
31	Vest	$26.3M	—	43	+0.0100%	—	Active	100x	Trade
32	Entropy	$23.3M	$57.0M	8	—	—	—	25x	Trade
33	Paradex	$19.5M	$20.7M	57	+0.0100%	DIME	Active	50x	Trade
34	Hibachi	$16.4M	$1.7M	15	+0.0280%	—	Active	30x	Trade
35	Bullet	$9.7M	$1.3M	21	+0.0090%	—	—	20x	Trade
36	Markets by Kinetiq	$9.5M	$7.4M	4	—	—	Not active	25x	Trade
37	Katana Perps	$9.5M	$880K	9	+0.0100%	—	—	50x	Trade
38	Aevo	$4.5M	$13.2M	89	+0.0096%	AEVO	—	20x	Trade
39	01 Exchange	$3.5M	$941K	38	−0.0016%	—	—	50x	Trade
40	Paragon	$2.6M	$16.4M	27	—	—	—	20x	Trade
41	Bluefin	$1.9M	$1.0M	8	−0.2283%	BLUE	—	40x	Trade
42	Aftermath Perps	$1.7M	$849K	37	+0.0251%	—	—	20x	Trade
43	Hotstuff	$7K	$702K	26	−0.0080%	—	Active	50x	Trade
44	GMX	—	$47.9M	118	L 0.0000% / S 0.0000%	GMX	Not active	200x	Trade
45	Avantis	—	$59.8M	105	L +0.0096% / S −0.0101%	AVNT	Season 3	500x	Trade
46	gTrade (Gains Network)	—	$76.5M	109	L +0.0005% / S −0.0004%	GNS	Not active	1000x	Trade