Papertrade Benchmark
Papertrade is measured across 5 live OpenChainBench benchmarks: Perp DEX leverage terms (ranks #4 of 4, 0.052% p50), Perp DEX capital efficiency (ranks #12 of 13, 0.030 p50), Most tradable markets on a perp DEX (ranks #23 of 23, 2 p50), Perp DEX volume to open interest (ranks #23 of 23, 146.2x p50). Data as of 2026-10-18 UTC.
5 benchmarks · View on /perps
Papertrade
HyperliquidPerpetual DEX tracked by OpenChainBenchLive KPIs
Volume 30d, OpenChainBench total
$2936.17B
Open interest, perps only
$482.58M
Tradable markets
2
OpenChainBench measurements
Other perp venues on the same benchmarks
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GRVT
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Jupiter Perps
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trade.xyz
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GMX
1 shared benchmark
Ostium
1 shared benchmark
Orderly
1 shared benchmark
Backpack
1 shared benchmark
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.
Last measured
Live benchmark results
- #4of 4
Trading
Perp DEX leverage terms: room to liquidation and what is left
Room to liquidation
0.052%
p50 · 24h
- #12of 13
Trading
Perp DEX capital efficiency: active markets per $M TVL, live
Markets per $M TVL
0.030
p50 · 24h
- awaiting
Trading
Perp DEX asset breadth: non-crypto markets live, stocks + indices + forex + commodities
Non-crypto markets
data warming up
- #23of 23
Trading
Most tradable markets on a perp DEX, live count per venue
Active markets
2
p50 · 24h
- #23of 23
Trading
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
Volume / OI (24h)
146.2x
p50 · 24h
Compare Papertrade to alternatives
Pick a head to head pair to see Papertrade and a competitor side by side across every benchmark they share.
dYdX
5 shared benchmarks
Gains
5 shared benchmarks
Hyperliquid
5 shared benchmarks
Aster
4 shared benchmarks
Extended
4 shared benchmarks
Lighter
4 shared benchmarks
Ostium
4 shared benchmarks
Paradex
4 shared benchmarks
Aevo
3 shared benchmarks
ApeX Omni
3 shared benchmarks
edgeX
3 shared benchmarks
GRVT
3 shared benchmarks
Raw figures /api/citable