Perpetuals

Perp DEX leaderboard, measured live.

Hyperliquid leads 19 tracked perp DEXes on 30-day volume at $182.32B; open interest, fees, all-in cost and funding are ranked below. DefiLlama style ranking columns paired with the live execution quality benches OCB already runs: fees, all-in cost, funding, mark price, liquidations, longevity.

Data as of , refreshed every minute.

Leaderboard: 19 venues by 30-day volume

Tracked venues

19 of 19

Cohort volume 30d

$399.00B

Cohort open interest

$16.66B

Avg funding ETH 24h

+4.2 bps

19 of 19 venues

#VenueChainVol 30dvOI::Fees 30d::All-in fee (10x ETH)::Funding ETH 24h::Vol/OI::Markets::Health::
1Hyperliquid logoHyperliquidHyperliquid L1$182.32B$13.18B$73.91M4.7 bps+3.7 bps14x178100%
2Aster logoAsterBNB Chain$54.37B$1.22B$6.38M5.1 bps+2.6 bps45x586100%
3EdgeX logoEdgeXzkSync$48.21B$623.09M$482.7K4.0 bps+3.0 bps77x177100%
4Lighter logoLighterLighter L2$41.06B$625.19M$3.71M0.3 bps+2.9 bps66x209100%
5Pacifica logoPacificaSolana$21.74B$118.99M$3.56M...+3.0 bps183x78100%
6Extended logoExtendedStarknet$14.83B$201.87M$1.72M2.7 bps+3.1 bps73x326100%
7GRVT logoGRVTzkSync$14.53B$471.68M.........31x19483.3%
8Backpack logoBackpackSolana$5.84B..................50.0%
9Vertex logoVertexArbitrum$4.01B.....................
10Polymarket logoPolymarketPolygon$2.98B$62.92M...4.4 bps+3.0 bps47x8980.0%
11SynFutures logoSynFuturesBase, Arbitrum$2.33B..................50.0%
12GMX v2 logoGMX v2Arbitrum$2.01B$26.31M$1.38M6.0 bps...77x120100%
13Gains logoGainsArbitrum$1.72B$41.12M$656.3K4.0 bps...42x372100%
14Orderly logoOrderlyMulti-chain$1.21B..................50.0%
15dYdX v4 logodYdX v4Cosmos$983.56M$46.78M$249.9K8.4 bps+2.4 bps21x78100%
16KiloEx logoKiloExBSC, Base, opBNB$370.72M..................50.0%
17Paradex logoParadexStarknet$270.27M$24.06M$33.4K9.4 bps+14.1 bps11x63100%
18Aevo logoAevoOP Stack$116.07M$12.77M.........9.1x23883.3%
19Ostium logoOstiumArbitrum$71.59M$12.40M$126.4K......5.8x83100%

Sources: live cohort harness perp-cohort-stats (volume, OI, fees, active markets, top market). perp-fees bench (007) for the all-in cost column. perp-funding bench (036) for the funding column. All gauges scraped from the public OCB Prom, refresh interval 60s. Click a venue row to open its dedicated product page.

Frequently asked

Which perp DEX has the most volume right now?
Hyperliquid, with $182.32B of 30-day notional, ahead of Lighter at $41.06B. The table below ranks 19 tracked venues by 30-day volume as of 2026-09-23 15:30 UTC.
Where do the volume and open interest numbers come from?
From each venue's own public API (Hyperliquid info endpoint, Lighter, Aster, Paradex, Ondo Perps and the others), polled every 5 minutes by the perp-cohort-stats harness, normalized to USD and UTC days. 30-day volume is derived from the 24-hour series when a venue publishes no 30-day figure.
What does the all-in fee column measure?
The perp-fees benchmark: taker fee plus half spread plus price impact to open a $1,000 ETH long, walked against each venue's live order book every 5 minutes, averaged over 24 hours. Larger tiers ($100k, $1M) are on the bench page.
Can I cite these numbers?
Yes. Every figure is reproducible from public sources, released under CC BY 4.0, and each bench page exposes a machine-readable /api/stat endpoint with the same values and timestamp.

How OpenChainBench measures

Venue rows aggregate the public APIs of each platform, normalized to USD and UTC days. All-in fee is the perp-fees bench (taker fee plus half-spread plus impact on a $1000 ETH 10x long, 24h average). Funding is the perp-funding bench (normalized to a 24h hold across venues that settle on 1h, 4h or 8h intervals). Volume / OI bands are colored to surface ratios that diverge from a healthy order-book venue (below 50x normal, 50 to 200x elevated, above 200x worth a closer look).

Data and methodology released under CC BY 4.0. Reuse with attribution to OpenChainBench.