Most tradable markets on a perp DEX, live count per venue
TradingApeX Omni
Leads127
- p99
- 127
- rank
- #9
- samples
- 2,878
Papertrade
Trails2
- p99
- 2
- rank
- #23
- samples
- 2,878
Active markets
ApeX Omnin/aPapertraden/a
ApeX Omni vs Papertrade
ApeX Omni leads on both live benchmarks. ApeX Omni wins on Most tradable markets on a perp DEX, live count per venue (127 vs 2), Perp DEX volume to open interest (2.44x vs 141.8x). Data as of 2026-10-18 UTC.
ApeX Omni
ApeX is an orderbook perpetuals exchange (ApeX Omni, formerly ApeX Pro) with omnichain deposits and off-chain matching. APEX is the protocol token.
Papertrade
Synthetic perpetuals on Hyperliquid with two markets, BTC and ETH, at up to 1000x. Positions face a single house LP rather than an order book, and there are no open, close or funding fees.
Side by side measurements
Perp DEX asset breadth: non-crypto markets live, stocks + indices + forex + commodities
TradingApeX Omni
Leads40
- p99
- 40
- rank
- #11
- samples
- 2,878
Papertrade
No data in window
Non-crypto markets
ApeX Omnin/aPapertraden/a
Counts reflect each venue's live market catalog at query time, mainnet only. The asset class comes from the venue's own metadata where it publishes one; Hyperliquid HIP-3 dexes and dYdX publish none, so their symbols are matched against the crypto markets the other venues list and a fixed table of forex, commodity and index names. Tokenized gold (PAXG, XAUT) is a crypto token and is not counted. A market counts once whether it trades 24/7 or only during exchange hours.
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingApeX Omni
Leads2.44x
- p99
- 2.47x
- rank
- #19
- samples
- 2,873
Papertrade
Trails141.8x
- p99
- 200.7x
- rank
- #23
- samples
- 2,878
Volume / OI (24h)
ApeX Omnin/aPapertraden/a
The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.
Frequently asked questions
ApeX Omni vs Papertrade: which one is better?
ApeX Omni and Papertrade are compared on 3 shared OpenChainBench benchmarks. ApeX Omni leads on Most tradable markets on a perp DEX, live count per venue. See the live table on this page for every metric.
Which has the higher active markets, ApeX Omni or Papertrade?
On the Most tradable markets on a perp DEX, live count per venue benchmark, ApeX Omni leads at 127 versus Papertrade at 2. Live measurement is updated continuously by the OpenChainBench harness.
How is the ApeX Omni vs Papertrade comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.