Best Crypto Perps Exchanges 2026
Compare fees, volume, and open interest across 30+ perpetual futures exchanges. Live data from Binance, Bybit, Hyperliquid, dYdX, and more — updated every 5 minutes.
| Volume | Fees | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| # | ||||||||||
| 1 |  HyperliquidHyperliquid | $6.60b+30.0% | $45.60b | $181.60b | - | - | - | - | - | Trade4% off trading fees |
| 2 |  AsterAster | $3.01b+28.8% | $15.90b | $66.17b | - | - | - | - | - | Trade10% point bonus |
| 3 |  edgeXedgeX | $1.72b+73.9% | $10.38b | $57.31b | - | - | - | - | - | Trade10% point bonus |
| 4 |  LighterLighter | $1.08b+52.5% | $6.88b | $28.09b | - | - | - | - | - | Trade10% point bonus |
| 5 |  JupiterJupiter | $732.7m-11.6% | $4.17b | $21.62b | - | - | - | - | - | TradeFee discount + JUP airdrop |
| 6 |  GMXGMX | $487.1m+104.2% | $2.17b | $7.93b | - | - | - | - | - | Trade10% off every trade |
| 7 |  dYdXdYdX | $297.9m+214.2% | $223.3m | $874.6m | - | - | - | - | - | TradeFee tier 3 instantly |
| 8 |  ExtendedExtended | $269.0m+33.4% | $1.75b | $8.17b | - | - | - | - | - | Trade20% point bonus |
| 9 |  OstiumOstium | $249.9m+86.0% | $1.92b | $11.20b | - | - | - | - | - | Trade10% point bonus |
| 10 |  NadoNado | $141.9m+59.3% | $922.9m | $4.37b | - | - | - | - | - | TradePoint farming bonus |
| 11 |  AntarcticAntarctic | $130.6m+60.6% | $757.5m | $3.27b | - | - | - | - | - | Trade10% point bonus |
| 12 |  GMTradeGMTrade | $122.7m+73.6% | $1.10b | $3.67b | - | - | - | - | - | Trade10% off trading fees |
| 13 |  AvantisAvantis | $98.1m+280.2% | $452.9m | $2.28b | - | - | - | - | - | Trade15% off trading fees |
| 14 |  ApexApex | $46.4m+99.2% | $223.5m | $985.6m | - | - | - | - | - | Trade20% off every trade |
| 15 | Hyperliquid HLPHyperliquid HLP | $42.3m+34.8% | $279.1m | $1.12b | - | - | - | - | - | |
| 16 |  World MarketsWorld Markets | $31.1m+8837.9% | $18.2m | $39.3m | - | - | - | - | - | |
| 17 |  KatanaKatana | $29.8m+35.8% | $162.3m | $1.14b | - | - | - | - | - | |
| 18 |  GainsGains | $29.1m-4.0% | $193.7m | $842.5m | - | - | - | - | - | TradeFee discount via referral on gTrade |
| 19 |  DecibelDecibel | $24.4m+64.5% | $132.9m | $579.6m | - | - | - | - | - | |
| 20 |  ReyaReya | $22.1m+344.4% | $64.1m | $500.8m | - | - | - | - | - | Trade10% point bonus |
| 21 |  SynFuturesSynFutures | $21.9m+64.8% | $138.7m | $613.3m | - | - | - | - | - | |
| 22 |  EtherealEthereal | $15.2m+56.1% | $85.5m | $410.7m | - | - | - | - | - | |
| 23 |  FlashTradeFlashTrade | $14.9m+156.6% | $94.2m | $353.2m | - | - | - | - | - | |
| 24 |  ParadexParadex | $13.7m+89.3% | $74.2m | $397.1m | - | - | - | - | - | Trade10% point bonus |
| 25 |  DeriveDerive | $12.7m+51.6% | $91.1m | $536.4m | - | - | - | - | - | |
| 26 |  BluefinBluefin | $12.6m+184.0% | $32.7m | $184.0m | - | - | - | - | - | |
| 27 |  FulcromFulcrom | $12.2m+64.7% | $63.6m | $327.4m | - | - | - | - | - | |
| 28 |  LeverUpLeverUp | $11.0m+137.3% | $60.5m | $227.4m | - | - | - | - | - | |
| 29 |  SoDEXSoDEX | $8.2m+19.3% | $64.1m | $399.5m | - | - | - | - | - | |
| 30 |  OrderlyOrderly | $7.7m+36.9% | $40.1m | $127.8m | - | - | - | - | - | TradeEarn Orderly points on every trade |
| 31 |  MoonlanderMoonlander | $4.4m+62.9% | $27.2m | $154.4m | - | - | - | - | - | |
| 32 |  BorosBoros | $4.1m+19.6% | $23.7m | $104.5m | - | - | - | - | - | |
| 33 |  Jupiter DCAJupiter DCA | $3.5m+31.6% | $27.3m | $329.8m | - | - | - | - | - | |
| 34 |  Vest MarketsVest Markets | $2.7m-80.0% | $20.5m | $60.6m | - | - | - | - | - | |
| 35 |  StormStorm | $2.6m+64.9% | $15.3m | $82.5m | - | - | - | - | - | |
| 36 |  TorosToros | $2.0m+168.1% | $7.6m | $44.4m | - | - | - | - | - | |
| 37 |  KiloExKiloEx | $1.9m+21.5% | $8.9m | $42.1m | - | - | - | - | - | |
| 38 |  SparkDEXSparkDEX | $1.9m+146.5% | $5.1m | $20.8m | - | - | - | - | - | |
| 39 |  MUXMUX | $1.4m+130.7% | $10.5m | $28.8m | - | - | - | - | - | |
| 40 |  ParclParcl | $1.3m-14.7% | $5.4m | $28.2m | - | - | - | - | - | |
What Are Perpetual Futures DEXes?
Perpetual futures (perps) are derivative contracts that let you trade an asset’s price with leverage without owning the underlying token. Unlike traditional futures that expire on a set date, perpetual contracts have no expiry — positions stay open indefinitely. Decentralized perpetual exchanges (DEXes) bring this functionality on-chain, removing the need for a centralized intermediary to hold your funds.
Major perpetual futures exchanges include Binance, Bybit, Hyperliquid, dYdX, GMX, Jupiter, Drift, and Vertex. Each takes a different approach to execution — some use central limit order books (CLOBs), others rely on oracle-based pricing or automated market makers (AMMs). These design choices directly affect trading costs, available leverage, liquidation mechanics, and the assets you can trade.
Perp DEXes have grown rapidly, with combined daily volume regularly exceeding $10 billion. Self-custody, transparency, and composability with other DeFi protocols make them an increasingly popular alternative to centralized exchanges for leveraged trading.
Why Compare Perpetual Futures Protocols?
Trading costs vary significantly across perpetual futures exchanges. Taker fees range from 0.01% to 0.10%, maker rebates differ, and slippage depends on each venue’s liquidity depth. On a $100,000 position, a 0.05% fee difference means $50 saved per trade — and for active traders doing dozens of trades daily, that compounds into thousands of dollars per month.
Beyond fees, protocols differ in maximum leverage (2x to 150x), available trading pairs (20 to 400+), funding rate mechanics, and liquidation parameters. Some offer points programs and airdrops that effectively subsidize trading costs. Comparing these factors side by side helps you pick the protocol that best fits your strategy, risk tolerance, and preferred blockchain.
PerpFinder tracks live data from 40+ perpetual futures exchanges — both CEX and DEX — pulling volume, open interest, fees, and funding rates from DefiLlama and exchange APIs every 5 minutes. Use the table above to sort by any metric, or visit the individual exchange pages for detailed breakdowns and head-to-head comparisons.