Add to Chrome
On top of any exchange
| # | Exchange | OI ▼ | 24h Vol | Maker | Taker | Rewards | Trade |
|---|---|---|---|---|---|---|---|
| 1 | $13.38B | $3.21B | 0.015% | 0.045% | ActiveSeason 3 |
||
| 2 | $3.86B | $288M | 0.003% | 0.009% | ActiveAirdrop Season 1 |
||
| 3 | $2.12B | $899M | 0.0% | 0.0% | ActiveAirdrop Season 1 |
||
| 4 | AS Aster |
$1.44B | $841M | 0.0% | 0.04% | ActiveSeason 5 |
|
| 5 | LI Lighter |
$1.27B | $682M | 0.0% | 0.0% | ActiveSeason 3 |
|
| 6 | EX Extended |
$206M | $158M | 0.0% | 0.025% | ActiveAirdrop Season 1 |
|
| 7 | PA Pacifica |
$115M | $369M | 0.015% | 0.04% | ActiveAirdrop Season 1 |
|
| 8 | NA Nado |
$95M | $144M | 0.01% | 0.035% | ActiveAirdrop Season 1 |
|
| 9 | $71M | $70M | 0.0125% | 0.04% | — | ||
| 10 | RI RiseX |
$62M | $74M | 0.01% | 0.03% | ActiveAirdrop Season 1 |
|
| 11 | $57M | $19M | 0.03% | 0.09% | ActiveAirdrop Pre-Season |
||
| 12 | TX TxFlow |
$44M | $57M | 0.015% | 0.045% | ActiveAirdrop Season 1 |
|
| 13 | $42M | $136M | 0.06% | 0.06% | — | ||
| 14 | PH Phoenix |
$26M | $36M | 0.005% | 0.035% | — | |
| 15 | AR Arcus |
$22M | $130M | 0.0% | 0.045% | ActiveAirdrop Pre-Season |
Add to Chrome
Perp DEXs are decentralized exchanges built for perpetual futures trading. Unlike centralized exchanges, they let traders open leveraged long or short positions while keeping settlement and trading infrastructure onchain. The market now includes everything from established venues such as Hyperliquid, Lighter to newer PerpDEXs competing on liquidity, fees, execution and rewards.
This Perpetual DEX list tracks the top perpetual DEXs we cover and compares them using open interest (OI), 24-hour trading volume, maker and taker fees, and active rewards programs. Market data is pulled from each exchange's public API and updated hourly, which makes the table useful for comparing both the largest perpetual DEXs and newer platforms gaining market share.
A Perp DEX is a decentralized exchange for trading perpetual futures. Perpetual contracts work like futures but do not have an expiry date, so traders can keep a long or short position open as long as margin requirements are met. On a Perp DEX, trading and settlement are handled through blockchain-based infrastructure rather than a centralized exchange account.
Perp DEX means perpetual decentralized exchange. You may also see the term written as PerpDEX or perpetual DEX. All three usually refer to decentralized trading platforms focused on perpetual futures.
There is no single best Perp DEX for every trader. Larger open interest and trading volume usually indicate deeper liquidity, while fees, available markets, execution quality and rewards can matter just as much. The table above lets you compare these metrics across the Perp DEXs we track rather than ranking them using a subjective score.
The table compares Perp DEXs using live market and exchange data, including open interest, 24-hour volume, maker and taker fees, and rewards. Open interest is particularly useful for measuring how much active positioning is currently held on each exchange, while volume shows recent trading activity.
Perp DEX trading volume is the total value of perpetual contracts traded on a decentralized exchange over a given period. On this page, 24-hour volume is used so that activity can be compared across exchanges on the same basis.
Open interest is the total value of perpetual positions that are still open. Unlike trading volume, it does not count every trade made during the day. A higher open interest usually means more capital is actively deployed in positions on that exchange.
Maker orders add liquidity to an order book, while taker orders remove existing liquidity. Because exchanges want to encourage deeper markets, maker fees are often lower than taker fees and can sometimes even be negative, meaning the trader receives a rebate. Maker orders are called limit orders on exchange, while taker orders are called market orders in trading interface.
Many newer Perp DEXs run points, airdrop or incentive programs to attract trading volume and liquidity. The rewards column shows whether a venue currently has an active program and, where available, the name of that program.
