Best perp DEX to farm points (2026)
Short answer: This list includes venues with a recorded active points program, sorted by editorial venue rating. An active program does not promise a token or payout.
Best perp DEX to farm points — ranked by editorial venue rating
| # | Protocol | Editorial venue rating | Fee model | Max lev | Rating |
|---|---|---|---|---|---|
| 1 | dYdX | 9/10 | 0.01% / 0.05% | 50x | 9/10 |
| 2 | Jupiter Perps | 8.3/10 | 0.06% when opening and again when closing; base position fee; price impact, borrowing, swap, and network costs are separate | 250x | 8.3/10 |
| 3 | Apex Omni | 8/10 | 0.02% / 0.05% | 100x | 8/10 |
| 4 | Paradex | 7.5/10 | 0% / 0% | 50x | 7.5/10 |
| 5 | Reya | 7.5/10 | 0.03% when opening and again when closing; Regular Tier 0 fee for each executed position increase or decrease. Volume tiers can lower it. Price impact and funding are separate. | 100x | 7.5/10 |
| 6 | Antarctic | 6.5/10 | 0.02% / 0.05% | 100x | 6.5/10 |
| 7 | NADO | 6/10 | 0.01% / 0.035% | 100x | 6/10 |
| 8 | Markets.xyz | 5.5/10 | 0.053% / 0.058% | 50x | 5.5/10 |
Ranked from the PerpFinder venue registry. Open a venue review for its recorded review date. For order-book venues, the cost comparison tool estimates the trading fee, half-spread, and slippage. Funding costs are separate. Check funding rates for the market and holding period.
Which programs enter this list
The table includes active trading venues whose program record has an active status in PerpFinder's points registry. It sorts that cohort by editorial venue rating. A completed, speculative, or absent program does not qualify.
The list does not require a venue to lack a token. An active points program can belong to a venue that already has one. Program status does not promise a future token, distribution, or profit.
Check the program record
Use the points calculator and airdrop directory to read each recorded program, its update date, and its terms. Check the venue's current program rules before you participate.
Identify the activities that qualify for points. Check account eligibility, exclusions, caps, and any published calculation method. Do not assume that every trade or deposit earns points.
A missing conversion rate remains unknown. Past distributions do not establish the allocation or value of a future distribution. Keep any assumed payout separate from recorded program facts.
Compare the cost of participation
Estimate trading fees, spread, and slippage for the orders you intend to place. Add applicable funding, borrowing, network, and withdrawal costs separately. The cost comparison tool estimates entry costs; it does not value points.
For example, assume participation costs $100 and the program has no confirmed payout. The $100 cost can be estimated, while the payout remains unknown. A points balance alone does not show a return on that cost.
Use the funding page when your plan involves holding perpetual positions. Check the rate type, interval, direction, and timestamp before estimating that part of the cost.
What the editorial rating means
The rating combines PerpFinder's assessments of fees, security, features, and liquidity. It ranks the venue within the recorded active-program cohort. It does not rank expected points value or the probability of receiving a distribution.
Read the full venue review for the score's context and review date. Confirm program terms separately because a venue review and a points-program update describe different records.