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Entropy

DEXHyperliquid L1
⇄ Compare
Volume 24h$110.4M↗ 0.34%24h
Open interest$155.7M↗ 6.34%24h
Markets14
Max leverage25x
Taker / maker0.009%/0.003%
BTC funding /8h—
BTC paid 30d—

Best price arb

Open pair →
OPENAI+3.510%gap7d avg +1.719%Net 7d +$148
LONGMEXC1,343.4
SHORTEntropy1,390.5

Price arb here

all
OPENAIshort here, MEXC+3.510%+$148
SNDKshort here, Extended+0.236%−$3
DRAMlong here, Variational Omni+0.515%−$7
NBISlong here, Variational Omni+0.879%−$28
NVDAlong here, Variational Omni+0.382%−$79

Best funding arb

Open pair →
SNDK+0.0150%/8hNet 7d +$2
LONGEntropy+0.0834%1h52m 25s
SHORTExtended+0.0984%1h52m 25s

Funding arb here

all
SNDKlong here, Extended+0.0150%+$2
OPENAIlong here, QFEX+0.0274%−$4
DRAMlong here, BingX+0.0410%−$45
ANTHROPIClong here, Phoenix+0.0103%−$68
NBISlong here, BingX+0.0325%−$74

Markets

13 markets
AssetPriceFunding /8hEveryOIVol 24hMax lev
ANTHROPICRWA io:ANTH1,735.2+0.0430%1h$130.4M$44.3M15x
PEARL io:PRL1.5372−0.3644%1h$8.0M$3.0M3x
OPENAIRWA io:OAI1,390.5+0.0046%1h$6.8M$1.5M6x
NBISRWA io:NBIS115.16−0.0208%1h$4.6M$6.9M15x
SNDKRWA io:SNDK825.76+0.0834%1h$2.7M$43.3M15x
DRAMRWA io:DRAM38.415+0.0155%1h$772K$3.2M25x
NVDARWA io:NVDA182.82+0.0126%1h$643K$4.6M25x
CRCLRWA io:CRCL65.807+0.0068%1h$585K$2.0M15x
AAPLRWA io:AAPL347.56−0.0557%1h$429K$593K25x
EWYRWA io:EWY137.62+0.9454%1h$260K$235K25x
TENCENTRWA io:TCNT53.586−0.8283%1h$217K$331K10x
IONQRWA io:IONQ25.261+2.9305%1h$122K$152K10x
GPRORWA io:GPRO0.8607+0.0050%1h$75K$103K5x

Before you deposit

  • LiquidityDeep
    $155.7M open interest
  • Real volumeNormal
    volume is 0.7x open interest a day
  • Book depthNo data
  • KYCNone
    No ID, but a wide block: the US, Canada, the UK, Australia, Singapore, Russia, Ukraine and most EU countries (not DE, FR, NL, IE).

Key facts

Type
DEX
Chain
Hyperliquid L1
Runs on
Hyperliquid
Rank by volume
#26 of 49
Funding paid
every 1h
Token
none yet
Airdrop
—
Tracked since
2026-09-18
Compare
Binance · OKX · Gate · Bybit · MEXC
Links
app · site · docs · X

About Entropy

Entropy is a decentralized perpetual futures exchange on Hyperliquid L1. It lists 14 active markets, traded $110.4M in the last 24 hours and holds $155.7M in open interest, #26 among the perp DEXs we track.

Funding settles every 1h.

News from Entropy

all
11-03 16:43ListingNew Listing: Circle ($CRCL) at 15x Leverage. @entropyIO on X ↗
11-03 16:03Listingnew market io:CRCL ($CRCL) seen by our collector
11-02 19:37ListingNew listing: Apple ($AAPL) at 25x Leverage. @entropyIO on X ↗
11-02 18:54Listingnew market io:AAPL ($AAPL) seen by our collector
10-27 15:33ListingNew listing: Nvidia ($NVDA) at 25x Leverage. @entropyIO on X ↗
10-27 14:55Listingnew market io:NVDA ($NVDA) seen by our collector
10-26 14:32ListingAnthropic swung nearly 7% top to bottom in a single hour on Entropy after it filed its public S-1 to list on Nasdaq as ANT. Now at $1,888, implying $1.89T. @entropyIO on X ↗
10-14 18:32Listing1/ We are excited to list PEARL, and are extremely aligned with our friends @prlnet in their mission to make the frontier of inference more useful and efficient. @entropyIO on X ↗

Volume & open interest

daily, since Aug 19Open in charts →
Volume
$117.5M↗ 267.2%90D
Open interest
$147.1M↗ 2168.7%90D
Table, every 3rd day
DayVolumeOpen interestShare of DEX volume
Nov 4, 2026$117.5M$147.1M0.3%
Nov 1, 2026$27.5M$107.7M0.3%
Oct 29, 2026$57.3M$83.9M0.2%
Oct 26, 2026$54.7M$80.1M0.2%
Oct 23, 2026$55.3M$77.7M0.3%
Oct 20, 2026$102.7M$77.7M0.4%
Oct 17, 2026$37.1M$67.1M0.4%
Oct 14, 2026$110.5M$61.8M0.4%
Oct 11, 2026$35.8M$66.0M0.3%
Oct 8, 2026$66.5M$60.1M0.2%
Oct 5, 2026$35.9M$59.8M0.2%
Oct 2, 2026$29.9M$59.7M0.1%
Sep 29, 2026$39.4M$58.8M0.2%
Sep 26, 2026$17.6M$57.2M0.2%
Sep 23, 2026$26.7M$56.0M0.1%
Sep 20, 2026$15.2M$56.6M0.1%
Sep 17, 2026$23.3M$56.1M—
Sep 14, 2026$29.9M$53.3M—
Sep 11, 2026$34.0M$50.4M—
Sep 8, 2026$54.4M$47.5M—
Sep 5, 2026$23.9M$36.9M—
Sep 2, 2026$46.9M$18.5M—
Aug 30, 2026$55.4M$12.1M—
Aug 27, 2026$65.2M$8.7M—
Aug 24, 2026$44.3M——
Aug 21, 2026$4.7M——

Share of DEX volume

daily, since Aug 19
0.3%↗ 0.2 pp90D

Volume by asset class

daily, since Aug 19
Table, every 3rd day
DayCryptoStocksPre-IPOTotal
Nov 4, 2026$1.2M$52.8M$62.9M$116.8M
Nov 1, 2026$983K$10.3M$15.7M$27.0M
Oct 29, 2026$2.2M$40.1M$14.9M$57.2M
Oct 26, 2026$1.8M$28.7M$24.5M$55.0M
Oct 23, 2026$4.4M$40.1M$12.3M$56.7M
Oct 20, 2026$4.8M$85.2M$11.8M$101.9M
Oct 17, 2026$2.5M$23.7M$9.9M$36.0M
Oct 14, 2026$1.0M$76.4M$28.1M$105.5M
Oct 11, 2026—$21.1M$13.5M$34.6M
Oct 8, 2026—$46.2M$19.2M$65.4M
Oct 5, 2026—$29.6M$6.7M$36.3M
Oct 2, 2026—$25.0M$5.7M$30.7M
Sep 29, 2026—$26.1M$12.3M$38.4M
Sep 26, 2026—$13.8M$4.0M$17.8M
Sep 23, 2026—$22.3M$4.5M$26.8M
Sep 20, 2026—$10.6M$4.1M$14.8M
Sep 17, 2026—$18.7M$5.1M$23.7M
Sep 14, 2026—$20.4M$9.9M$30.3M
Sep 11, 2026—$24.8M$9.9M$34.6M
Sep 8, 2026—$33.2M$23.4M$56.5M
Sep 5, 2026—$13.6M$10.7M$24.3M
Sep 2, 2026—$41.8M$12.3M$54.1M
Aug 30, 2026—$25.8M$29.6M$55.4M
Aug 27, 2026—$43.7M$21.5M$65.2M
Aug 24, 2026—$41.7M$2.6M$44.3M
Aug 21, 2026—$4.1M$611K$4.7M