Perpetuals

Perpetual DEX leaderboard, measured neutrally.

DefiLlama style ranking columns paired with the live execution quality benches OCB already runs. Live volume, open interest, fees, all-in cost and funding rate across 16 perpetual DEXes. Reproducible methodology, refreshed every minute, sources public.

Tracked venues

15 of 16

Cohort volume 30d

$485.70B

Cohort open interest

$9.41B

Avg funding ETH 24h

+0.7 bps

16 of 16 venues

#VenueChainVol 30dvOI::Fees 30d::All-in fee (10x ETH)::Funding ETH 24h::Vol/OI::Markets::Health::
1Hyperliquid logoHyperliquidHyperliquid L1$245.24B$5.83B$79.77M4.9 bps+0.8 bps42x178100%
2Aster logoAsterBNB Chain$61.42B$842.70M$6.31M...+0.4 bps73x495100%
3Lighter logoLighterLighter L2$45.01B$360.20M$3.72M0.4 bps+0.1 bps125x195100%
4GRVT logoGRVTzkSync$40.47B$350.67M.........115x17083.3%
5Variational logoVariationalArbitrum$26.79B$1.04B.........26x...75.0%
6EdgeX logoEdgeXzkSync$26.38B$425.54M$7.39M......62x29283.3%
7Pacifica logoPacificaSolana$12.78B$72.32M.........177x6983.3%
8Extended logoExtendedStarknet$9.04B$179.97M$2.26M......50x100100%
9Vertex logoVertexArbitrum$7.46B$65.15M$1.53M......115x60100%
10Ostium logoOstiumArbitrum$3.74B$106.08M$3.47M......35x75100%
11dYdX v4 logodYdX v4Cosmos$3.17B$57.16M$115.8K6.5 bps+0.2 bps55x119100%
12GMX v2 logoGMX v2Arbitrum$2.79B$52.91M$1.95M6.0 bps...53x...80.0%
13Gains Network logoGains NetworkArbitrum$971.46M$15.03M$475.4K4.0 bps...65x328100%
14Paradex logoParadexStarknet$318.73M$9.59M$43.2K...+2.0 bps33x73100%
15Aevo logoAevoOP Stack$111.87M$8.51M.........13x20783.3%
16Drift logoDriftSolana........................

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.

Methodology

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.