Perp DEX volume share, live 24h notional ranked
TradingGRVT
Trails$490.69M
- p99
- $515.50M
- rank
- #10
- samples
- 2,858
Kalshi
Leads$1.45B
- p99
- $1.57B
- rank
- #5
- samples
- 2,876
24h perp volume
GRVTn/aKalshin/a
GRVT vs Kalshi
GRVT leads on 2 of 3 shared benchmarks, Kalshi on 1. GRVT wins on Most tradable markets on a perp DEX, live count per venue (194 vs 21), Perp DEX volume to open interest (1.028x vs 40.5x). Kalshi wins on Perp DEX volume share, live 24h notional ranked ($1.45B vs $490.69M). Data as of 2026-09-23 UTC.
GRVT
zkSync hybrid CEX/DEX perp venue with privacy-preserving order matching.
Kalshi
CFTC-regulated US prediction market exchange. REST trade API (trade-api/v2) with documented per-tier rate limits; the market data WebSocket requires authentication.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingGRVT
Leads194
- p99
- 194
- rank
- #6
- samples
- 2,876
Kalshi
Trails21
- p99
- 22
- rank
- #20
- samples
- 2,876
Active markets
GRVTn/aKalshin/a
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingGRVT
Leads1.028x
- p99
- 1.080x
- rank
- #7
- samples
- 2,858
Kalshi
Trails40.5x
- p99
- 43.7x
- rank
- #22
- samples
- 2,876
Volume / OI (24h)
GRVTn/aKalshin/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
GRVT vs Kalshi: which one is better?
GRVT and Kalshi are compared on 3 shared OpenChainBench benchmarks. GRVT leads on Most tradable markets on a perp DEX, live count per venue. Kalshi leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the higher active markets, GRVT or Kalshi?
On the Most tradable markets on a perp DEX, live count per venue benchmark, GRVT leads at 194 versus Kalshi at 21. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher 24h perp volume, GRVT or Kalshi?
On the Perp DEX volume share, live 24h notional ranked benchmark, Kalshi leads at $1.45B versus GRVT at $490.69M. Live measurement is updated continuously by the OpenChainBench harness.
How is the GRVT vs Kalshi 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.
Related comparisons
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.