Perpetuals
Perp DEX leaderboard, measured live.
Hyperliquid leads 27 tracked perp DEXes on 30-day volume at $182.98B; 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: 27 venues by 30-day volume
Tracked venues
27 of 27
Cohort volume 30d
$509.85B
Cohort open interest
$21.53B
Avg funding ETH 24h
+2.1 bps
27 of 27 venues
| # | Venue | Chain | Vol 30dv | OI:: | Fees 30d:: | All-in fee (10x ETH):: | Funding ETH 24h:: | Vol/OI 24h:: | Markets:: | Health:: |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  Hyperliquid | Hyperliquid L1 | $182.98B | $13.55B | $86.02M | 4.7 bps | +3.0 bps | 0.3x | 178 | 100% |
| 2 |  trade.xyz | Hyperliquid HIP-3 | $55.69B | $3.89B | ... | ... | ... | 0.5x | 111 | 80.0% |
| 3 |  Aster | BNB Chain | $45.77B | $1.21B | $5.36M | 5.1 bps | +1.0 bps | 0.8x | 594 | 100% |
| 4 |  Lighter | Lighter L2 | $41.68B | $612.02M | $3.17M | 0.2 bps | +2.4 bps | 2.6x | 211 | 100% |
| 5 |  Kalshi | US, CFTC DCM | $27.53B | $34.81M | ... | ... | 0.0 bps | 16x | 26 | 80.0% |
| 6 |  EdgeX | StarkEx | $26.40B | $448.12M | $124.4K | 4.7 bps | -1.1 bps | 1.5x | 181 | 83.3% |
| 7 |  Pacifica | Solana | $21.10B | $134.38M | $3.61M | ... | +4.3 bps | 5.0x | 78 | 100% |
| 8 | Lighter RH | Lighter L2, Robinhood | $15.53B | $237.61M | ... | ... | +2.7 bps | 2.5x | 58 | 80.0% |
| 9 |  GRVT | zkSync | $14.66B | $481.29M | ... | ... | ... | 0.8x | 194 | 83.3% |
| 10 |  Extended | Starknet | $14.66B | $203.50M | $1.54M | 2.7 bps | +2.1 bps | 2.4x | 326 | 100% |
| 11 |  ApeX Omni | Omnichain | $12.28B | $157.43M | ... | ... | +1.7 bps | 2.6x | 126 | 80.0% |
| 12 |  StandX | BNB Chain | $11.76B | $44.03M | ... | ... | +3.0 bps | 9.7x | 13 | 80.0% |
| 13 |  Nado | Ink | $9.49B | $91.74M | $1.67M | ... | ... | 2.0x | 75 | 83.3% |
| 14 |  Backpack | Solana | $6.87B | ... | ... | ... | ... | ... | ... | 50.0% |
| 15 |  Jupiter Perps | Solana | $5.84B | $104.04M | ... | ... | ... | 1.1x | 3 | 80.0% |
| 16 |  Ondo Perps | Ethereum and Arbitrum custody | $3.64B | $89.71M | ... | 3.4 bps | +3.0 bps | 1.6x | 65 | 80.0% |
| 17 |  Polymarket | Polygon | $2.67B | $88.67M | ... | 5.7 bps | +2.7 bps | 0.6x | 88 | 80.0% |
| 18 |  SynFutures | Base, Arbitrum | $2.25B | ... | ... | ... | ... | ... | ... | 50.0% |
| 19 |  Gains | Arbitrum | $2.04B | $2.52M | $841.5K | 4.0 bps | ... | 7.4x | 355 | 80.0% |
| 20 |  Vest | Vest zk appchain | $1.86B | ... | ... | ... | +2.7 bps | ... | 88 | 75.0% |
| 21 |  GMX v2 | Arbitrum | $1.65B | $54.66M | $1.13M | 6.0 bps | ... | 0.7x | 114 | 100% |
| 22 |  Orderly | Multi-chain | $1.39B | ... | ... | ... | ... | ... | ... | 50.0% |
| 23 |  dYdX v4 | Cosmos | $1.24B | $50.13M | $270.5K | 7.3 bps | +1.4 bps | 0.8x | 73 | 100% |
| 24 |  KiloEx | BSC, Base, opBNB | $367.34M | ... | ... | ... | ... | ... | ... | 50.0% |
| 25 |  Paradex | Starknet | $309.12M | $20.05M | $48.9K | 2.8 bps | +2.6 bps | 0.4x | 65 | 100% |
| 26 |  Aevo | OP Stack | $117.52M | $25.79M | ... | ... | ... | 0.1x | 238 | 83.3% |
| 27 |  Ostium | Arbitrum | $69.82M | $7.63M | $75.5K | ... | ... | 0.2x | 83 | 100% |
A blank cell (…) is a figure the venue publishes through no public endpoint, or a bench that does not cover the venue yet: the 30-day fee column needs a DefiLlama fee adapter (12 venues), the all-in and slippage columns the perp-fees order-book walk (11 venues), funding a native or aggregator feed (23 venues). Volume-only rows (Backpack, Orderly, SynFutures, KiloEx) come from CoinGecko listings and have no OI or market count to show.
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. To see what a specific wallet paid on Hyperliquid or Gains and what the same trades would have cost on another venue, use the fee comparison tool.
Head to head
The venue pairs with the most live benchmarks in common, each on its own comparison page: fees, volume, funding, open interest and slippage side by side.
- Hyperliquid vs Lighter, 17 live benchmarks
- dYdX vs Hyperliquid, 15 live benchmarks
- dYdX vs Lighter, 15 live benchmarks
- Aster vs Hyperliquid, 14 live benchmarks
- Aster vs Lighter, 14 live benchmarks
- Aster vs dYdX, 12 live benchmarks
- dYdX vs Gains, 12 live benchmarks
- dYdX vs Paradex, 12 live benchmarks
Frequently asked
- Which perp DEX has the most volume right now?
- Hyperliquid, with $182.98B of 30-day notional, ahead of trade.xyz at $55.69B. The table below ranks 27 tracked venues by 30-day volume as of 2026-10-06 15:51 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.