About Us — Mission & Methodology
How we evaluate perpetual futures exchanges, where the data comes from, and how we make money. Our ratings are based on verifiable on-chain data.
About the Author
Frederick Cormack
VC & Crypto Derivatives Analyst
Frederick has spent 8+ years in venture capital and crypto derivatives, personally testing every protocol listed on PerpFinder. His analysis combines on-chain data verification with direct trading experience across both centralized and decentralized perpetual futures platforms.
Frederick founded PerpFinder to give derivatives traders one place that combines live on-chain data with honest reviews, fee comparisons, and verified affiliate deals. Every protocol review, comparison, and guide on this site reflects his direct trading experience and independent research — not sponsored placements.
Our Mission
PerpFinder exists because we wanted one place that combined live on-chain data with honest reviews, fee comparisons, and affiliate deals for perp traders. DefiLlama does raw data well, but we wanted something that also tells you which exchange is actually worth trading on and why.
We track volume, open interest, fees, and funding rates across all major perp DEXes. The data updates every few minutes from on-chain sources — nothing self-reported by the exchanges themselves.
Our Methodology
Every protocol on PerpFinder is evaluated across five dimensions. Our ratings are based on verifiable on-chain data and direct platform testing, not sponsored placements.
Fees & Costs
We compare maker/taker fees, funding rates, and hidden costs like slippage and gas.
Security & Audits
We review audit reports, track record, insurance funds, and decentralization level.
Features & UX
We test trading interfaces, order types, API quality, and mobile experiences.
Liquidity & Volume
We analyze real volume vs incentivized, order book depth, and open interest trends.
Data Sources & Collection
PerpFinder aggregates data from multiple independent sources to provide a comprehensive view of the perpetual futures market. No data is self-reported by exchanges.
DEX Data — DefiLlama
Volume, fees, and TVL for DEX protocols come from DefiLlama's on-chain tracking. Data is verified directly from smart contract activity.
CEX Data — Coinalyze & CoinGecko
CEX volume, open interest, funding rates, and liquidation data come from Coinalyze. Exchange metadata and enrichment data come from CoinGecko.
Update Frequency
Data refreshes automatically every 1–5 minutes depending on the metric. Funding rates and liquidations update every 30–120 seconds. Volume and TVL update every 5 minutes.
Data Verification
We cross-reference data across multiple sources to catch anomalies. If a protocol reports implausible volume or fees, we flag it and investigate before displaying it.
Affiliate Disclosure
This site contains affiliate links. We may earn a commission when you sign up through our links.
Trading perpetual futures carries significant risk, including potential total loss of capital. Past performance is not indicative of future results.
Editorial Independence
Affiliate partnerships never influence our ratings or recommendations. We rate every protocol using the same methodology regardless of whether we have a referral relationship with them. Protocols cannot pay for higher ratings. If we find a protocol is not worth using, we say so — even if that means losing affiliate revenue.