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All Perpetual Futures Exchanges

—LIVE API46 DEX
Top Exchanges by Volume
$2.76b$2.07b$1.38b$690.0m-
Hyperliquid Perps
Hyperliq..
Aster Perps
Aster Pe..
GMX V2 Perps
GMX V2 P..
Lighter Perps
Lighter ..
Jupiter Perpetual Exchange
Jupiter ..
edgeX V2
edgeX V2
Extended Perps
Extended..
dYdX V4
dYdX V4
SparkDEX Perps
SparkDEX..
edgeX Perps
edgeX Pe..
Antarctic
Antarcti..
GMTrade
GMTrade
Nado Perps
Nado Per..
Fulcrom Perps
Fulcrom ..
Apex Omni
Apex Omn..
Decibel
Decibel
Avantis
Avantis
Hyperliquid HLP
Hyperliq..
Gains Network
Gains Ne..
SynFutures V3
SynFutur..
PerpFinder
VolumeFees
#
1
Hyperliquid Perps
Hyperliquid
Trade4% off trading fees
$2.76b-25.7%$41.88b$208.23b-----
2
Aster Perps
Aster
Trade10% point bonus
$1.34b-21.9%$11.83b$57.06b-----
3
GMX V2 Perps
GMX
Trade10% off every trade
$788.0m+741.7%$1.87b$6.47b-----
4
Lighter Perps
Lighter
Trade10% point bonus
$500.3m-25.3%$6.13b$32.79b-----
5
Jupiter Perpetual Exchange
Jupiter
TradeFee discount + JUP airdrop
$283.3m-35.6%$3.38b$20.12b-----
6
edgeX V2
edgeX
$110.5m-17.5%$1.00b$5.24b-----
7
Extended Perps
Extended
$96.4m-32.4%$852.5m$3.95b-----
8
dYdX V4
dYdX
TradeFee tier 3 instantly
$65.5m-3.3%$72.4m$320.2m-----
9
SparkDEX Perps
SparkDEX
$65.2m+75704.6%$126.0m$141.6m-----
10
edgeX Perps
edgeX
Trade10% point bonus
$60.1m-35.8%$1.96b$14.57b-----
11
Antarctic
Antarctic
Trade10% point bonus
$54.2m-34.0%$694.3m$3.12b-----
12
GMTrade
GMTrade
Trade10% off trading fees
$40.5m-72.2%$1.01b$4.80b-----
13
Nado Perps
Nado
TradePoint farming bonus
$33.9m-23.1%$452.3m$2.65b-----
14
Fulcrom Perps
Fulcrom
$26.7m-11.5%$157.7m$374.6m-----
15
Apex Omni
Apex
Trade20% off every trade
$25.4m-16.9%$349.8m$1.54b-----
16
Decibel
Decibel
Trade
$24.3m-0.7%$184.5m$727.9m-----
17
Avantis
Avantis
Trade15% off trading fees
$22.7m-6.2%$188.9m$954.9m-----
18
Hyperliquid HLP
Hyperliquid HLP
$18.5m-27.4%$204.7m$1.05b-----
19
Gains Network
Gains
TradeFee discount via referral on gTrade
$16.6m+14.3%$222.2m$988.6m-----
20
SynFutures V3
SynFutures
$13.4m-24.2%$118.3m$529.2m-----
21
Derive V2
Derive
$9.9m-15.8%$69.5m$438.7m-----
22
Katana Perps
Katana
$8.7m+152.4%$51.2m$170.6m-----
23
Ostium
Ostium
Trade10% point bonus
$7.6m-92.1%$951.1m$7.05b-----
24
Aark Digital
Aark Digital
$7.1m+1.0%$80.5m$252.2m-----
25
TxFlow Perps
TxFlow
$6.4m-29.5%$86.8m$186.4m-----
26
SoDEX Perps
SoDEX
$5.5m-52.8%$96.3m$459.2m-----
27
AFX Perps
AFX
$5.0m-10.6%$52.0m$254.6m-----
28
Dango Perps
Dango
$4.7m-1.9%$29.1m$150.4m-----
29
Reya Perps
Reya
Trade10% point bonus
$4.4m+59.7%$26.4m$147.1m-----
30
Vest Markets
Vest Markets
Trade
$3.8m+26.5%$27.2m$234.3m-----
31
Orderly Perps
Orderly
TradeEarn Orderly points on every trade
$3.3m-9.8%$64.1m$339.3m-----
32
Pear Perps
Pear
$3.0m+468.7%$5.8m$22.0m-----
33
Ethereal DEX
Ethereal
Trade
$2.8m-11.6%$31.4m$152.3m-----
34
FlashTrade
FlashTrade
$2.5m-3.7%$53.0m$391.6m-----
35
LeverUp
LeverUp
$2.1m-41.2%$38.2m$186.4m-----
36
Phoenix Perp
Phoenix
$1.7m-40.6%$22.1m$132.8m-----
37
Storm Trade
Storm
$1.7m-38.2%$23.2m$165.4m-----
38
Bluefin Pro
Bluefin
$1.5m+21.2%$19.0m$98.7m-----
39
Perpl
Perpl
Trade
$1.3m-40.2%$45.7m$153.3m-----
40
Sudo Perps
Sudo
$1.1m+204.5%$10.6m$26.5m-----
41
Strike Finance Perpetuals
Strike Finance Perp…
$944.0k+22.6%$6.3m$56.2m-----
42
Bounce.Tech
Bounce.Tech
$936.0k-20.0%$8.7m$97.9m-----
43
Lavarage
Lavarage
$714.0k-17.6%$18.0m$42.3m-----
44
Moonlander
Moonlander
$684.0k-35.4%$63.8m$231.8m-----
45
Paradex Perps
Paradex
Trade10% point bonus
$666.7k-44.8%$9.7m$67.8m-----
46
MUX Perps
MUX
$658.0k+4.8%$2.5m$14.5m-----
47
DipCoin Perps
DipCoin
$554.0k-48.2%$12.7m$52.2m-----
48
Bullbit PERP DEX
Bullbit PERP
$296.0k-82.8%$3.2m$34.2m-----
49
PHAME Protocol
PHAME
$278.0k-$278.0k$1.6m-----
50
Rocket Perp
Rocket
$270.0k+864.3%$1.4m$7.5m-----

Find the best perp DEX for your use case

Data-ranked picks for low fees, high leverage, no-KYC, Solana, beginners, and more — see the full best-perp-DEX hub.

Lowest fees →Highest leverage →No-KYC →Best on Solana →For beginners →Safest →Most pairs →Airdrop farming →

All tracked perpetual DEXes

Reviews and live data for every perpetual futures DEX we cover, including newer or lower-volume protocols not shown in the top-volume table above.

Hyperliquid →dYdX →GMX →Jupiter Perps →Drift Protocol →Lighter →Aster →EdgeX →Paradex →Extended →Reya →Apex Omni →Based →Hibachi →Ostium →GRVT →StandX →NADO →DreamCash →Pacifica →Variational →Antartic →GMTrade →Avantis →MYX →Bluefin →Orderly Network →Aevo →SynFutures →Kwenta →Gains Network →Zeta Markets →DESK →tradeXYZ →Ondo Perps →Vest Markets →Decibel →Rho X →Boros →Hotstuff →Ethereal →Markets.xyz →01 Exchange →HyENA →Perpl →Bullet →

How Perpetual Futures DEXes Work

Perpetual futures DEXes let you trade leveraged long and short positions directly from your wallet — no sign-ups, no KYC, no custodial risk. Protocols like Hyperliquid, dYdX, and GMX match trades on-chain (or via off-chain orderbooks with on-chain settlement), giving you full control of your funds at all times. If you're new to the concept, our guide on what perpetual futures are covers the fundamentals.

Comparing perp DEXes matters because fees, liquidity, and execution quality vary significantly. A 0.01% difference in taker fees adds up fast for active traders — and some protocols offer zero maker fees or rebates. Beyond fees, look at 24h trading volume (indicating liquidity depth), open interest (showing how much capital is deployed), and funding rates (which affect the cost of holding positions). If you want a step-by-step walkthrough, our guide on how to trade perps on a DEX covers everything from connecting a wallet to managing risk.

The rankings above update in real time using data from DefiLlama and on-chain sources. For a deeper breakdown of which protocols suit different trading styles, see our best perp DEX picks for 2026. You can also explore open interest rankings to see where capital is concentrated, or view volume by chain to compare blockchain ecosystems. To understand how holding costs work across exchanges, read our explainer on understanding funding rates.