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Perp DEX vs CEX volume: market share and ranking over time

On October 16, 2026, perp DEXes had 10.1% of the 24h perpetual futures volume of the 112 tracked venues, and CEX venues had 89.9%. After the hold-outs, the DEX share was 10.1%. On June 5, 2026, the first stored day, the DEX share was 12.1%. Binance reported the most volume: $86.63B in 24 hours.

This page tracks the share of perpetual futures volume on decentralized (DEX) venues against centralized (CEX) venues, for each stored day since 2026-06-05. It also ranks each venue by 24-hour and 7-day volume. The reported figure is the number that the venue or its data source publishes. The adjusted figure removes each venue that a PerpFinder hold-out rule flags.

These are measurements, not accusations. PerpFinder does not claim that any venue misreports volume. The adjusted figure is not an estimate: no venue figure is scaled or replaced.

For a list of perp DEXes by volume, open interest and fees, see Perp DEX rankings.

For live 24h futures volume on each CEX and perp DEX, see Crypto futures volume by exchange.

$279.15B

Reported 24h, all tracked venues

$279.01B

Adjusted 24h · 0.1% held out

10.1% → 10.1%

DEX share, reported → adjusted

2026-10-16

Daily capture · 2026-10-16 00:10 UTC

Ranking by 24h volume

Download: 24h CSV · 7-day CSV · JSON
RankVenueTypeReported 24hAdjusted 24hReported 7 daysAdjusted 7 daysHold-out reason
1Binancecex$86.63B$86.63B$383.83B$383.83BNone
2OKXcex$33.90B$33.90B$142.40B$142.40BNone
3Toobitcex$21.02B$21.02B$119.52B$119.52BNone
4Gate.iocex$20.14B$20.14B$81.89B$81.89BNone
5Bybitcex$18.50B$18.50B$85.49B$85.49BNone
6MEXCcex$14.81B$14.81B$72.57B$72.57BNone
7Bitgetcex$12.47B$12.47B$51.00B$51.00BNone
8XT.COMcex$10.54B$10.54B$50.58B$50.58BNone
9Hyperliquid Perpsdex$10.20B$10.20B$45.02B$45.02BNone
10Bitunixcex$7.50B$7.50B$33.13B$33.13BNone
11WhiteBITcex$7.50B$7.50B$48.89B$48.89BNone
12BingXcex$6.70B$6.70B$38.72B$38.72BNone
13Variationaldex$3.17B$3.17B$18.58B$18.58BNone
14KuCoincex$2.88B$2.88B$15.15B$15.15BNone
15Aster Perpsdex$2.65B$2.65B$11.80B$11.80BNone
16Deribitcex$2.51B$2.51B$11.09B$11.09BNone
17Lighter Perpsdex$2.05B$2.05B$11.96B$11.96BNone
18GMX Solanadex$1.86B$1.86B$4.94B$4.94BNone
19HTXcex$1.84B$1.84B$8.53B$8.53BNone
20Krakencex$1.10B$1.10B$5.09B$5.09BNone
21edgeX V2dex$1.02B$1.02B$5.10B$5.10BNone
22Phemexcex$912.8M$912.8M$4.62B$4.62BNone
23BloFincex$894.1M$894.1M$4.31B$4.31BNone
24Lighter Robinhood Perpsdex$686.5M$686.5M$4.19B$4.19BNone
25Crypto.comcex$686.0M$686.0M$3.22B$3.22BNone
26Grvt Perpsdex$522.8M$522.8M$3.64B$3.64BNone
27Nado Perpsdex$518.1M$518.1M$2.49B$2.49BNone
28Pacifica Perpsdex$510.2M$510.2M$2.48B$2.48BNone
29Arcus Perpsdex$462.3M$462.3M$2.92B$2.92BNone
30QFEXdex$397.9M$397.9M$2.11B$2.11BNone

The table shows the first 30 of 112 venues by reported 24h volume. 9 more held-out venues are in the CSV, with the reasons. A dash means no figure. The 7-day window is 2026-10-10 to 2026-10-16. Depth readings come from the volume-quality sweep of 2026-10-16 00:40 UTC (18 CEX venues).

Measured answers for the 2026-10-16 capture

Which venue reported the most perpetual volume? Binance ranks first on both bases, with $86.63B of reported 24h volume. The first DEX is Hyperliquid Perps, at adjusted rank 9 with $10.20B.

What is the DEX share of perpetual volume? DEX venues hold 10.1% of the reported 24h volume of all tracked venues, and 10.1% after the hold-outs. Over 2026-10-10 to 2026-10-16, the share is 11.1% reported and 10.6% adjusted.

How does Hyperliquid volume compare with Binance? Binance reported $86.63B of 24h perpetual volume. Hyperliquid Perps had $10.20B in the DefiLlama figure. Binance volume was 8.5 times the Hyperliquid volume.

Which venues are held out? 9 venues are held out of the 24h figures. The largest is Aark Digital, with $107.5M reported. Each reason is in the table.

DEX share of tracked perpetual volume

DEX volume divided by DEX plus CEX volume, for each stored daily capture. The adjusted line applies the unverified and spike rules for that day. The depth rule needs a sweep for each day, so the daily series does not apply it.

CSV
  • Adjusted (solid)
  • Reported (dashed)
0%2%4%6%8%10%12%14%16%18%20%22%24%
2026-06-05: reported 12.10%, adjusted 13.36% · 17 CEX and 70 DEX venues · held out: 12026-06-06: reported 12.29%, adjusted 13.59% · 17 CEX and 70 DEX venues · held out: 12026-06-07: reported 9.72%, adjusted 10.73% · 17 CEX and 65 DEX venues · held out: 12026-06-08: reported 9.34%, adjusted 10.24% · 17 CEX and 63 DEX venues · held out: 52026-06-09: reported 9.57%, adjusted 10.43% · 17 CEX and 64 DEX venues · held out: 12026-06-10: reported 9.54%, adjusted 10.41% · 17 CEX and 61 DEX venues · held out: 42026-06-11: reported 11.44%, adjusted 12.47% · 17 CEX and 62 DEX venues · held out: 22026-06-12: reported 9.24%, adjusted 10.13% · 17 CEX and 61 DEX venues · held out: 62026-06-13: reported 9.04%, adjusted 9.83% · 17 CEX and 61 DEX venues · held out: 52026-06-14: reported 8.32%, adjusted 9.07% · 17 CEX and 58 DEX venues · held out: 52026-06-15: reported 10.25%, adjusted 11.19% · 17 CEX and 59 DEX venues · held out: 32026-06-16: reported 8.68%, adjusted 9.46% · 17 CEX and 63 DEX venues · held out: 32026-06-17: reported 9.70%, adjusted 10.46% · 17 CEX and 64 DEX venues · held out: 32026-06-18: reported 9.75%, adjusted 10.58% · 17 CEX and 62 DEX venues · held out: 72026-06-19: reported 12.01%, adjusted 11.98% · 15 CEX and 61 DEX venues · held out: 62026-06-20: reported 10.82%, adjusted 10.80% · 15 CEX and 60 DEX venues · held out: 22026-06-21: reported 10.63%, adjusted 10.63% · 15 CEX and 61 DEX venues2026-06-22: reported 9.70%, adjusted 9.69% · 15 CEX and 59 DEX venues · held out: 12026-06-23: reported 12.26%, adjusted 12.06% · 15 CEX and 63 DEX venues · held out: 72026-06-24: reported 11.24%, adjusted 11.23% · 15 CEX and 67 DEX venues · held out: 32026-06-25: reported 11.03%, adjusted 10.56% · 15 CEX and 64 DEX venues · held out: 92026-06-26: reported 9.87%, adjusted 9.76% · 15 CEX and 66 DEX venues · held out: 82026-06-27: reported 10.88%, adjusted 10.85% · 15 CEX and 64 DEX venues · held out: 82026-07-01: reported 8.44%, adjusted 9.06% · 17 CEX and 62 DEX venues · held out: 52026-07-02: reported 7.95%, adjusted 8.72% · 19 CEX and 65 DEX venues · held out: 52026-07-03: reported 10.05%, adjusted 10.84% · 19 CEX and 64 DEX venues · held out: 22026-07-04: reported 8.90%, adjusted 9.68% · 19 CEX and 59 DEX venues · held out: 22026-07-05: reported 7.87%, adjusted 7.84% · 19 CEX and 62 DEX venues · held out: 42026-07-06: reported 5.00%, adjusted 5.46% · 19 CEX and 59 DEX venues · held out: 12026-07-07: reported 8.21%, adjusted 8.91% · 19 CEX and 65 DEX venues · held out: 22026-07-08: reported 6.89%, adjusted 7.45% · 19 CEX and 63 DEX venues · held out: 42026-07-09: reported 7.66%, adjusted 8.24% · 23 CEX and 64 DEX venues · held out: 42026-07-10: reported 9.61%, adjusted 9.49% · 23 CEX and 94 DEX venues · held out: 192026-07-11: reported 13.18%, adjusted 13.16% · 23 CEX and 92 DEX venues · held out: 162026-07-12: reported 8.75%, adjusted 8.44% · 21 CEX and 91 DEX venues · held out: 102026-07-13: reported 5.48%, adjusted 5.24% · 21 CEX and 92 DEX venues · held out: 112026-07-14: reported 10.96%, adjusted 10.23% · 20 CEX and 93 DEX venues · held out: 82026-07-15: reported 11.12%, adjusted 10.27% · 21 CEX and 97 DEX venues · held out: 112026-07-16: reported 9.90%, adjusted 10.36% · 21 CEX and 95 DEX venues · held out: 72026-07-17: reported 11.63%, adjusted 9.73% · 21 CEX and 93 DEX venues · held out: 32026-07-18: reported 17.06%, adjusted 15.08% · 21 CEX and 91 DEX venues · held out: 32026-07-19: reported 8.71%, adjusted 8.71% · 21 CEX and 91 DEX venues · held out: 12026-07-20: reported 6.21%, adjusted 6.21% · 21 CEX and 93 DEX venues · held out: 22026-07-21: reported 10.96%, adjusted 10.95% · 21 CEX and 94 DEX venues · held out: 42026-07-22: reported 10.50%, adjusted 10.47% · 21 CEX and 89 DEX venues · held out: 62026-07-23: reported 10.24%, adjusted 9.67% · 21 CEX and 90 DEX venues · held out: 72026-08-01: reported 16.67%, adjusted 16.67% · 21 CEX and 90 DEX venues2026-08-02: reported 6.47%, adjusted 6.70% · 23 CEX and 91 DEX venues · held out: 12026-08-03: reported 6.28%, adjusted 6.46% · 23 CEX and 90 DEX venues · held out: 12026-08-04: reported 10.62%, adjusted 10.39% · 21 CEX and 87 DEX venues · held out: 102026-08-23: reported 8.17%, adjusted 9.64% · 23 CEX and 88 DEX venues · held out: 12026-08-24: reported 7.22%, adjusted 8.37% · 23 CEX and 89 DEX venues · held out: 12026-08-25: reported 9.01%, adjusted 9.68% · 23 CEX and 86 DEX venues · held out: 12026-08-26: reported 11.77%, adjusted 12.96% · 23 CEX and 87 DEX venues · held out: 32026-08-27: reported 8.42%, adjusted 8.75% · 23 CEX and 87 DEX venues · held out: 42026-08-28: reported 8.98%, adjusted 9.53% · 23 CEX and 86 DEX venues · held out: 42026-08-29: reported 17.90%, adjusted 18.52% · 23 CEX and 87 DEX venues · held out: 42026-08-30: reported 8.26%, adjusted 8.68% · 23 CEX and 86 DEX venues · held out: 52026-08-31: reported 6.29%, adjusted 6.59% · 23 CEX and 86 DEX venues · held out: 52026-09-01: reported 9.46%, adjusted 9.70% · 23 CEX and 90 DEX venues · held out: 22026-09-02: reported 8.58%, adjusted 8.75% · 23 CEX and 85 DEX venues · held out: 62026-09-03: reported 7.96%, adjusted 8.24% · 23 CEX and 88 DEX venues · held out: 42026-09-04: reported 7.37%, adjusted 9.56% · 23 CEX and 88 DEX venues · held out: 72026-09-05: reported 17.08%, adjusted 17.50% · 23 CEX and 85 DEX venues · held out: 72026-09-06: reported 7.39%, adjusted 7.50% · 23 CEX and 84 DEX venues · held out: 62026-09-07: reported 9.33%, adjusted 9.58% · 23 CEX and 84 DEX venues · held out: 82026-09-08: reported 7.62%, adjusted 7.84% · 23 CEX and 86 DEX venues · held out: 42026-09-09: reported 9.26%, adjusted 9.50% · 23 CEX and 86 DEX venues · held out: 62026-09-10: reported 9.10%, adjusted 9.56% · 23 CEX and 87 DEX venues · held out: 52026-09-11: reported 7.84%, adjusted 8.18% · 23 CEX and 89 DEX venues · held out: 32026-09-12: reported 13.94%, adjusted 14.36% · 23 CEX and 90 DEX venues · held out: 82026-09-13: reported 7.62%, adjusted 7.89% · 23 CEX and 89 DEX venues · held out: 72026-09-14: reported 6.89%, adjusted 7.29% · 22 CEX and 89 DEX venues · held out: 52026-09-15: reported 10.24%, adjusted 10.66% · 22 CEX and 91 DEX venues · held out: 22026-09-16: reported 10.82%, adjusted 11.51% · 22 CEX and 89 DEX venues · held out: 52026-09-17: reported 9.58%, adjusted 10.01% · 21 CEX and 90 DEX venues · held out: 82026-09-18: reported 8.06%, adjusted 8.65% · 21 CEX and 91 DEX venues · held out: 52026-09-19: reported 9.75%, adjusted 14.70% · 21 CEX and 93 DEX venues · held out: 62026-09-20: reported 7.41%, adjusted 8.91% · 21 CEX and 92 DEX venues · held out: 72026-09-21: reported 7.40%, adjusted 8.47% · 21 CEX and 92 DEX venues · held out: 62026-09-23: reported 9.15%, adjusted 9.87% · 21 CEX and 92 DEX venues · held out: 52026-09-24: reported 8.80%, adjusted 9.45% · 21 CEX and 94 DEX venues · held out: 42026-09-25: reported 9.40%, adjusted 9.85% · 21 CEX and 94 DEX venues · held out: 72026-09-26: reported 10.60%, adjusted 11.10% · 21 CEX and 92 DEX venues · held out: 22026-09-27: reported 14.85%, adjusted 15.55% · 21 CEX and 92 DEX venues · held out: 32026-09-28: reported 7.50%, adjusted 7.90% · 21 CEX and 90 DEX venues · held out: 42026-09-29: reported 5.96%, adjusted 6.23% · 21 CEX and 90 DEX venues · held out: 42026-09-30: reported 10.50%, adjusted 9.92% · 21 CEX and 90 DEX venues · held out: 72026-10-01: reported 9.17%, adjusted 9.26% · 21 CEX and 88 DEX venues · held out: 102026-10-02: reported 9.11%, adjusted 8.30% · 21 CEX and 90 DEX venues · held out: 102026-10-03: reported 8.10%, adjusted 8.50% · 21 CEX and 92 DEX venues · held out: 92026-10-04: reported 21.88%, adjusted 22.55% · 21 CEX and 90 DEX venues · held out: 82026-10-05: reported 7.48%, adjusted 7.84% · 21 CEX and 91 DEX venues · held out: 32026-10-06: reported 7.61%, adjusted 7.61% · 20 CEX and 91 DEX venues · held out: 52026-10-07: reported 14.10%, adjusted 13.88% · 20 CEX and 90 DEX venues · held out: 22026-10-08: reported 10.39%, adjusted 9.89% · 20 CEX and 87 DEX venues · held out: 42026-10-09: reported 10.43%, adjusted 9.33% · 20 CEX and 89 DEX venues · held out: 82026-10-10: reported 16.14%, adjusted 14.25% · 20 CEX and 89 DEX venues · held out: 42026-10-11: reported 17.18%, adjusted 17.18% · 20 CEX and 89 DEX venues · held out: 12026-10-12: reported 9.31%, adjusted 9.31% · 20 CEX and 89 DEX venues2026-10-13: reported 7.69%, adjusted 7.56% · 20 CEX and 90 DEX venues · held out: 32026-10-14: reported 11.10%, adjusted 11.07% · 20 CEX and 89 DEX venues · held out: 72026-10-15: reported 10.22%, adjusted 10.22% · 20 CEX and 90 DEX venues · held out: 82026-10-16: reported 10.13%, adjusted 10.09% · 20 CEX and 92 DEX venues · held out: 910.1% adjusted10.1% reported
06-0507-0108-0109-0110-01

104 captured days from 2026-06-05 to 2026-10-16. 4 gaps in the stored captures break the lines; no value is drawn across a gap. Zero baseline. Tracked CEX venues on the newest day: 20. Tracked DEX venues: 92.

Data table (104 days)
DayReported DEX shareAdjusted DEX shareHeld-out venues
2026-10-1610.13%10.09%9
2026-10-1510.22%10.22%8
2026-10-1411.10%11.07%7
2026-10-137.69%7.56%3
2026-10-129.31%9.31%0
2026-10-1117.18%17.18%1
2026-10-1016.14%14.25%4
2026-10-0910.43%9.33%8
2026-10-0810.39%9.89%4
2026-10-0714.10%13.88%2
2026-10-067.61%7.61%5
2026-10-057.48%7.84%3
2026-10-0421.88%22.55%8
2026-10-038.10%8.50%9
2026-10-029.11%8.30%10
2026-10-019.17%9.26%10
2026-09-3010.50%9.92%7
2026-09-295.96%6.23%4
2026-09-287.50%7.90%4
2026-09-2714.85%15.55%3
2026-09-2610.60%11.10%2
2026-09-259.40%9.85%7
2026-09-248.80%9.45%4
2026-09-239.15%9.87%5
2026-09-217.40%8.47%6
2026-09-207.41%8.91%7
2026-09-199.75%14.70%6
2026-09-188.06%8.65%5
2026-09-179.58%10.01%8
2026-09-1610.82%11.51%5
2026-09-1510.24%10.66%2
2026-09-146.89%7.29%5
2026-09-137.62%7.89%7
2026-09-1213.94%14.36%8
2026-09-117.84%8.18%3
2026-09-109.10%9.56%5
2026-09-099.26%9.50%6
2026-09-087.62%7.84%4
2026-09-079.33%9.58%8
2026-09-067.39%7.50%6
2026-09-0517.08%17.50%7
2026-09-047.37%9.56%7
2026-09-037.96%8.24%4
2026-09-028.58%8.75%6
2026-09-019.46%9.70%2
2026-08-316.29%6.59%5
2026-08-308.26%8.68%5
2026-08-2917.90%18.52%4
2026-08-288.98%9.53%4
2026-08-278.42%8.75%4
2026-08-2611.77%12.96%3
2026-08-259.01%9.68%1
2026-08-247.22%8.37%1
2026-08-238.17%9.64%1
2026-08-0410.62%10.39%10
2026-08-036.28%6.46%1
2026-08-026.47%6.70%1
2026-08-0116.67%16.67%0
2026-07-2310.24%9.67%7
2026-07-2210.50%10.47%6
2026-07-2110.96%10.95%4
2026-07-206.21%6.21%2
2026-07-198.71%8.71%1
2026-07-1817.06%15.08%3
2026-07-1711.63%9.73%3
2026-07-169.90%10.36%7
2026-07-1511.12%10.27%11
2026-07-1410.96%10.23%8
2026-07-135.48%5.24%11
2026-07-128.75%8.44%10
2026-07-1113.18%13.16%16
2026-07-109.61%9.49%19
2026-07-097.66%8.24%4
2026-07-086.89%7.45%4
2026-07-078.21%8.91%2
2026-07-065.00%5.46%1
2026-07-057.87%7.84%4
2026-07-048.90%9.68%2
2026-07-0310.05%10.84%2
2026-07-027.95%8.72%5
2026-07-018.44%9.06%5
2026-06-2710.88%10.85%8
2026-06-269.87%9.76%8
2026-06-2511.03%10.56%9
2026-06-2411.24%11.23%3
2026-06-2312.26%12.06%7
2026-06-229.70%9.69%1
2026-06-2110.63%10.63%0
2026-06-2010.82%10.80%2
2026-06-1912.01%11.98%6
2026-06-189.75%10.58%7
2026-06-179.70%10.46%3
2026-06-168.68%9.46%3
2026-06-1510.25%11.19%3
2026-06-148.32%9.07%5
2026-06-139.04%9.83%5
2026-06-129.24%10.13%6
2026-06-1111.44%12.47%2
2026-06-109.54%10.41%4
2026-06-099.57%10.43%1
2026-06-089.34%10.24%5
2026-06-079.72%10.73%1
2026-06-0612.29%13.59%1
2026-06-0512.10%13.36%1
Stored daily captures · percent of tracked volume

DEX share of tracked perpetual volume, by month

Adjusted (held-out venues removed)Reported
10.5%
11.1%
9.2%
9.2%
9.3%
9.9%
9.0%
9.7%
10.6%
10.4%
Jun 202623/30 days
Jul 202623/31 days
Aug 202613/31 days
Sep 202629/30 days
Oct 202616/31 days

Zero baseline · scale 0–12.0% · volume-weighted over the captured days of each month

DEX share of tracked perpetual volume, by month: data table
MonthCaptured daysReported DEX shareAdjusted DEX share
Jun 202623 of 3010.5%11.1%
Jul 202623 of 319.2%9.2%
Aug 202613 of 319.3%9.9%
Sep 202629 of 309.0%9.7%
Oct 202616 of 3110.6%10.4%
Each month sums DEX and CEX volume over its captured days. Days without both CEX and DEX figures are left out, not filled. The tracked venue set changes over time. Monthly CSV.

Method

CEX figures are the 24h perpetual volumes from each venue's own ticker API. DEX figures come from the DefiLlama perpetual DEX list. PerpFinder stores both once a day. The totals cover the venues that PerpFinder tracks, so they are not a full market total.

A venue is held out of the adjusted figures when one of three rules applies:

  1. Unverified. The venue is in the unverified tier. Its reported volume stays out of every PerpFinder total until an editorial review removes it. See the volume-quality methodology.
  2. Spike. The 24h figure is more than 3 times the venue's own median of the 7 stored days before it. The rule needs at least 3 of those days. It applies to CEX and DEX venues. For the 7-day figures, a spike on any day of the window holds the venue out.
  3. Depth. For a CEX venue, the newest volume-quality sweep read the BTC and ETH order books. No test order from $10,000 filled on both books. A venue that the sweep does not measure is not held out. A missing measurement is a gap on our side, not a finding about the venue.

The 7-day figure is the sum of the venue's 24h figures on 7 consecutive daily captures. A venue with a missing day has no 7-day figure. Capture times differ by some hours from day to day, so each 24h figure covers a slightly different window.

The headline volume on other PerpFinder pages applies the unverified and spike rules to CEX venues. This page also applies the spike rule to DEX venues and adds the depth rule. Machine-readable data: API documentation.

Terms used on this page

Reported volume (24h/7d/30d)
Reported volume is the trading volume that the venue or its data source publishes, in USD notional, for the last 24 hours, 7 days or 30 days.
Adjusted volume (reported vs adjusted)
Adjusted volume is the reported volume of the tracked venues with each held-out venue removed. PerpFinder does not scale, replace or estimate a venue figure.

Cite this data

Use the page address and the capture date. The permalink returns the ranking for that one stored day file, so later captures do not change it.

PerpFinder. "Perp DEX vs CEX volume: market share and ranking over time." Daily capture 2026-10-16, 2026-10-16 00:10 UTC. https://perpfinder.com/perp-volume-ranking
Data: https://perpfinder.com/api/data/volume-ranking?date=2026-10-16&window=24h

By PerpFinder editorial. Published . Reviewed by PerpFinder review. How we testReport a correction