Perp exchanges
48 DEXs and 14 CEXs, ranked by 24-hour volume · data
| # | Name | Vol 24h | OI | Vol/OI | Mkts | RWA | Fees | BTC /8h | BTC 30d | Token | Airdrop | KYC | Lev | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HyperliquidXOI $13.33B · 178 mkts · KYC No | $4.93B23.4% | $13.33B | 0.37 | 178 | — | 0.045%/0.015% | +0.0100% | +0.72% | HYPE | Season 2 | No | 40x | Trade4% off |
| 2 | Variational OmniXOI $1.13B · 564 mkts · KYC No | $4.03B19.1% | $1.13B | 3.57 | 564 | 128 | 0.000%/0.000% | +0.0048% | +0.36%18d | — | Active | No | 50x | Trade+15% pts |
| 3 | tradeXYZXOI $3.81B · 110 mkts · KYC No | $1.99B9.4% | $3.81B | 0.52 | 110 | 110 | 0.009%/0.003% | — | — | — | Active | No | 50x | Trade |
| 4 | AsterXOI $1.42B · 593 mkts · KYC No | $1.56B7.4% | $1.42B | 1.10 | 593 | 135 | 0.040%/0.000% | +0.0033% | +0.45% | ASTER | Stage 5 | No | 300x | Trade≤10% back |
| 5 | LighterXOI $602.8M · 196 mkts · KYC No | $1.38B6.5% | $602.8M | 2.28 | 196 | 95 | 0.000%/0.000% | +0.0056% | +0.67% | LIT | Season 3 | No | 50x | Trade7d free |
| 6 | PacificaXOI $140.4M · 77 mkts · KYC No | $721.6M3.4% | $140.4M | 5.14 | 77 | 24 | 0.040%/0.015% | +0.0100% | +0.74% | — | Active | No | 50x | Trade10% back |
| 7 | edgeXXOI $446.7M · 181 mkts · KYC No | $690.1M3.3% | $446.7M | 1.54 | 181 | 107 | 0.045%/0.040% | +0.0100% | +0.35% | EDGE | Active | No | 100x | Trade |
| 8 | KalshiXOI $36.9M · 23 mkts · KYC Yes | $622.7M2.9% | $36.9M | 16.89 | 23 | 4 | 0.040%/0.020% | +0.0137% | +0.81% | — | Not active | Yes | 15x | Trade |
| 9 | Lighter RHXOI $231.7M · 58 mkts · KYC No | $571.6M2.7% | $231.7M | 2.47 | 58 | 45 | 0.000%/0.000% | +0.0048% | +0.68% | LIT | Points live | No | 50x | Trade |
| 10 | ExtendedXOI $201.7M · 308 mkts · KYC No | $549.4M2.6% | $201.7M | 2.72 | 308 | 130 | 0.025%/0.000% | +0.0104% | +0.69% | — | Active | No | 100x | Trade10% off |
| 11 | ArcusXOI $60.5M · 60 mkts · KYC No | $499.5M2.4% | $60.5M | 8.25 | 60 | 36 | 0.022%/0.000% | +0.0100% | +0.48%18d | — | Active | No | 50x | Trade5% off |
| 12 | ApeX OmniXOI $155.8M · 126 mkts · KYC No | $435.0M2.1% | $155.8M | 2.79 | 126 | 40 | 0.050%/0.020% | +0.0032% | +0.37% | APEX | Not active | No | 100x | Trade5% off |
| 13 | StandXXOI $44.0M · 13 mkts · KYC No | $434.5M2.1% | $44.0M | 9.86 | 13 | 6 | 0.040%/0.010% | +0.0100% | +0.77% | — | Active | No | 40x | Trade+5% pts |
| 14 | SunXXOI $5.6M · 283 mkts · KYC No | $392.6M1.9% | $5.6M | 69.69 | 283 | 146 | 0.040%/0.020% | +0.0034% | +0.73% | — | — | No | 100x | Trade≤10% back |
| 15 | GRVTXOI $478.3M · 184 mkts · KYC No | $379.7M1.8% | $478.3M | 0.79 | 184 | 106 | 0.045%/0.000% | +0.0100% | +0.72% | GRVT | Active | No | 50x | Trade |
| 16 | QFEXXOI $281.7M · 216 mkts · KYC No | $360.0M1.7% | $281.7M | 1.28 | 216 | 206 | 0.050%/0.020% | — | — | — | — | No | 30x | Trade |
| 17 | NadoXOI $93.4M · 75 mkts · KYC No | $303.1M1.4% | $93.4M | 3.25 | 75 | 32 | 0.035%/0.010% | +0.0076% | +0.12%17d | — | Active | No | 50x | Trade20% off |
| 18 | Ondo PerpsXOI $89.2M · 65 mkts · KYC No | $166.8M0.8% | $89.2M | 1.87 | 65 | 56 | 0.025%/0.010% | +0.0100% | +0.52% | — | Active | No | 40x | Trade5% off |
| 19 | TxFlowXOI $53.7M · 223 mkts · KYC No | $146.0M0.7% | $53.7M | 2.72 | 223 | 94 | 0.045%/0.015% | −0.0016% | 0.00%21h | — | Active | No | 75x | Trade5% off |
| 20 | SoDEXXOI $242.3M · 92 mkts · KYC No | $132.5M0.6% | $242.3M | 0.55 | 92 | 38 | 0.040%/0.012% | −0.0058% | +0.18%17d | — | — | No | 40x | Trade |
| 21 | RISExXOI $75.6M · 37 mkts · KYC No | $121.4M0.6% | $75.6M | 1.61 | 37 | 19 | 0.030%/0.010% | +0.0179% | +0.56%18d | — | — | No | 25x | TradeInvite |
| 22 | Jupiter PerpsXOI — · 3 mkts · KYC No | $106.0M0.5% | — | — | 3 | — | 0.060%/0.060% | L+0.0104% | +0.54%17d | JUP | — | No | 250x | Trade |
| 23 | InjectiveXOI $2.9M · 286 mkts · KYC No | $73.0M0.3% | $2.9M | 24.90 | 286 | 122 | 0.000%/0.000% | −0.0262% | +1.29% | INJ | — | No | 100x | Trade |
| 24 | Polymarket PerpsXOI $88.5M · 88 mkts · KYC No | $64.6M0.3% | $88.5M | 0.73 | 88 | 48 | 0.040%/0.013% | +0.0100% | +0.66% | — | Not active | No | 50x | Trade |
| 25 | PopdexXOI $37.6M · 66 mkts · KYC No | $55.6M0.3% | $37.6M | 1.48 | 66 | 35 | 0.032%/0.010% | +0.0096% | +0.38%18d | — | — | No | 100x | Trade |
| 26 | dYdXXOI $50.1M · 78 mkts · KYC No | $43.9M0.2% | $50.1M | 0.88 | 78 | 2 | 0.050%/0.010% | 0.0000% | +0.02% | DYDX | Not active | No | 50x | Trade |
| 27 | Vest MarketsXOI $101.9M · 77 mkts · KYC No | $42.6M0.2% | $101.9M | 0.42 | 77 | 82 | 0.010%/0.010% | +0.0086% | +0.47%17d | — | Active | No | 100x | Trade+5% pts |
| 28 | OrderlyXOI $19.6M · 135 mkts · KYC No | $39.6M0.2% | $19.6M | 2.02 | 135 | 49 | 0.030%/0.000% | +0.0100% | +0.71% | ORDER | — | No | 100x | Trade |
| 29 | EntropyXOI $59.8M · 9 mkts · KYC No | $35.3M0.2% | $59.8M | 0.59 | 9 | 9 | 0.009%/0.003% | — | — | — | — | No | 25x | Trade |
| 30 | HibachiXOI $1.3M · 15 mkts · KYC No | $33.2M0.2% | $1.3M | 25.69 | 15 | 7 | 0.045%/0.000% | +0.0104% | +1.37% | — | Active | No | 30x | Trade |
| 31 | PhoenixXOI $26.0M · 92 mkts · KYC No | $31.6M0.1% | $26.0M | 1.21 | 92 | 44 | 0.035%/0.005% | +0.0133% | +0.49%24d | — | — | No | 40x | Trade |
| 32 | DeriveXOI $87.7M · 15 mkts · KYC No | $30.5M0.1% | $87.7M | 0.35 | 15 | — | 0.030%/0.010% | +0.0100% | +0.61% | — | — | No | 15x | Trade |
| 33 | BulkXOI $10.2M · 8 mkts · KYC No | $29.4M0.1% | $10.2M | 2.87 | 8 | — | 0.035%/0.000% | +0.0100% | +0.34%12d | — | — | No | 40x | Trade |
| 34 | GMXXOI $54.5M · 118 mkts · KYC No | $28.3M0.1% | $54.5M | 0.52 | 118 | 8 | 0.060%/0.040% | L−0.0126% | +0.47%17d | GMX | Not active | No | 100x | Trade5% off |
| 35 | gTrade (Gains Network)XOI $3.4M · 123 mkts · KYC No | $16.3M0.1% | $3.4M | 4.72 | 123 | 43 | 0.035%/0.035% | L+0.0132% | +0.29%17d | GNS | Not active | No | 1000x | Trade |
| 36 | Katana PerpsXOI $801K · 9 mkts · KYC No | $15.7M0.1% | $801K | 19.60 | 9 | — | 0.019%/0.005% | +0.0100% | +0.53%18d | — | — | No | 50x | Trade |
| 37 | PerplXOI $1.5M · 11 mkts · KYC No | $13.9M0.1% | $1.5M | 9.02 | 11 | — | 0.035%/0.005% | 0.0000% | +0.39% | — | Active | No | 15x | Trade |
| 38 | ParadexXOI $21.1M · 59 mkts · KYC No | $12.6M0.1% | $21.1M | 0.60 | 59 | 23 | 0.020%/0.000% | +0.0083% | +0.42%18d | DIME | Active | No | 50x | Trade |
| 39 | BulletXOI $2.3M · 24 mkts · KYC No | $11.0M0.1% | $2.3M | 4.82 | 24 | 12 | 0.040%/0.010% | +0.0054% | +0.24%17d | — | — | No | 20x | Trade |
| 40 | ParagonXOI $22.5M · 29 mkts · KYC No | $4.6M0.0% | $22.5M | 0.21 | 29 | 29 | 0.009%/0.003% | — | — | — | — | No | 20x | Trade |
| 41 | Markets by KinetiqXOI $9.1M · 5 mkts · KYC No | $4.1M0.0% | $9.1M | 0.45 | 5 | 4 | 0.009%/0.003% | — | — | — | Not active | No | 25x | Trade |
| 42 | Aftermath PerpsXOI $1.0M · 43 mkts · KYC No | $4.0M0.0% | $1.0M | 3.99 | 43 | 24 | 0.045%/−0.005% | −0.0295% | −0.26%17d | — | — | No | 20x | Trade |
| 43 | ReyaXOI $811K · 5 mkts · KYC No | $3.6M0.0% | $811K | 4.41 | 5 | — | 0.030%/0.030% | +0.0100% | +0.08%17d | REYA | Active | No | 40x | Trade |
| 44 | N1XOI $1.1M · 39 mkts · KYC No | $2.2M0.0% | $1.1M | 1.92 | 39 | — | 0.035%/0.010% | 0.0000% | −0.17%18d | — | — | No | 50x | Trade |
| 45 | AevoXOI $12.8M · 89 mkts · KYC No | $1.5M0.0% | $12.8M | 0.12 | 89 | 47 | 0.080%/0.050% | +0.0016% | +0.43% | AEVO | — | No | 20x | Trade |
| 46 | BluefinXOI $1.2M · 8 mkts · KYC No | $1.0M0.0% | $1.2M | 0.91 | 8 | 1 | 0.035%/0.010% | +0.0100% | +0.37% | BLUE | — | No | 40x | Trade |
| 47 | HotstuffXOI — · 0 mkts · KYC No | — | — | — | 0 | — | 0.025%/−0.002% | — | — | — | Active | No | 5x | Trade |
| 48 | AvantisXOI $71.8M · 115 mkts · KYC No | — | $71.8M | 0.00 | 115 | 93 | 0.020%/0.001% | L+0.0088% | +0.38%17d | AVNT | Season 3 | No | 500x | Trade |
48 exchangesVol/OI amber above 5×, red above 12×: likely incentive volume.