Perp exchanges

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

#	Name	Vol 24h	OI	Mkts	BTC /8h	Token	Airdrop	Max lev
1	gTrade (Gains Network)	—	$77.0M	110	L +0.0004% / S −0.0004%	GNS	Not active	1000x	Trade
2	Avantis	—	$51.4M	105	L +0.0096% / S −0.0100%	AVNT	Season 3	500x	Trade
3	GMX	—	$48.2M	118	L +0.0189% / S −0.0194%	GMX	Not active	200x	Trade
4	Hotstuff	$40K	$698K	26	−0.0080%	—	Active	50x	Trade
5	Aftermath Perps	$1.9M	$846K	37	+0.0013%	—	—	20x	Trade
6	Bluefin	$2.0M	$1.0M	8	+0.0100%	BLUE	—	40x	Trade
7	Paragon	$2.8M	$16.5M	27	—	—	—	20x	Trade
8	01 Exchange	$3.5M	$954K	38	−0.0024%	—	—	50x	Trade
9	Aevo	$4.3M	$13.2M	89	+0.0096%	AEVO	—	20x	Trade
10	Bullet	$9.8M	$1.3M	21	+0.0073%	—	—	20x	Trade
11	Katana Perps	$9.8M	$800K	9	+0.0100%	—	—	50x	Trade
12	Markets by Kinetiq	$10.0M	$7.4M	4	—	—	Not active	25x	Trade
13	Hibachi	$17.5M	$1.6M	15	+0.0224%	—	Active	30x	Trade
14	Paradex	$20.9M	$21.2M	57	+0.0098%	DIME	Active	50x	Trade
15	Entropy	$24.6M	$57.1M	8	—	—	—	25x	Trade
16	Vest	$31.9M	—	44	+0.0100%	—	Active	100x	Trade
17	Phoenix	$36.9M	$23.8M	82	+0.0126%	—	—	40x	Trade
18	Orderly	$40.2M	$39.9M	139	+0.0100%	ORDER	—	100x	Trade
19	Perpl	$42.3M	$1.2M	8	−0.0223%	—	Active	33x	Trade
20	Popdex	$45.5M	$10.5M	20	+0.0048%	—	—	100x	Trade
21	dYdX	$54.2M	$52.1M	78	0.0000%	DYDX	Not active	50x	Trade
22	Derive	$74.4M	$88.2M	15	+0.0100%	—	—	15x	Trade
23	Injective	$80.9M	$3.4M	286	−0.0036%	INJ	—	101x	Trade
24	Polymarket Perps	$82.8M	$59.6M	89	+0.0100%	—	Not active	50x	Trade
25	RISEx	$105.6M	$50.4M	32	+0.0090%	—	—	25x	Trade
26	Arcus	$113.6M	$21.2M	58	+0.0100%	—	—	50x	Trade
27	Ondo Perps	$117.2M	$90.8M	65	+0.0100%	—	Active	25x	Trade
28	Reya	$129.2M	$17.0M	50	−0.0052%	REYA	Active	100x	Trade
29	Jupiter Perps	$269.2M	—	3	L +0.0104% / S +0.0048%	JUP	—	500x	Trade
30	QFEX	$306.6M	$241.7M	188	—	—	—	30x	Trade
31	StandX	$323.0M	$60.3M	13	+0.0100%	—	Active	40x	Trade
32	Bulk	$374.3M	$799.3M	20	+0.0100%	—	—	40x	Trade
33	SoDEX	$398.4M	$144.8M	91	−0.0014%	—	—	40x	Trade
34	ApeX Omni	$405.8M	$157.4M	125	−0.0214%	APEX	Not active	100x	Trade
35	Nado	$428.8M	$93.6M	74	+0.0074%	—	Active	50x	Trade
36	SunX	$486.7M	$5.9M	267	+0.0096%	—	—	100x	Trade
37	Pacifica	$548.1M	$109.2M	77	+0.0100%	—	Active	50x	Trade
38	Lighter RH	$560.9M	$219.6M	57	+0.0096%	LIT	—	50x	Trade
39	Extended	$570.4M	$201.4M	308	+0.0104%	—	Active	100x	Trade
40	GRVT	$629.3M	$459.8M	194	+0.0100%	GRVT	Active	50x	Trade
41	tradeXYZ	$1.48B	$3.97B	108	—	—	Active	50x	Trade
42	Lighter	$1.69B	$646.9M	197	+0.0096%	LIT	Season 3	50x	Trade
43	edgeX	$2.00B	$657.2M	172	−0.0100%	EDGE	Active	100x	Trade
44	Variational Omni	$2.47B	$945.0M	552	+0.0100%	—	Active	—	Trade
45	Aster	$2.51B	$1.45B	584	+0.0056%	ASTER	Stage 5	300x	Trade
46	Hyperliquid	$8.89B	$13.75B	178	+0.0193%	HYPE	Season 2	40x	Trade