Open interest, volume, funding conventions and coverage across every tracked perpetuals venue.
| Funding | Points | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MEXC | CEX | 1,180 | $29.32B | $7.91B | — | 0 / 2 bpsPromotional schedule; some pairs carry 1 / 4 bps. | +2093.97% | -3368.22% | 431 | 1h, 4h, 8h, 24h | No | Trade ↗ |
| Binance | CEX | 586 | $27.55B | $31.12B | — | 2 / 5 bps | +129.17% | -3368.96% | 7 | 1h, 4h, 8h | No | Trade ↗ |
| Gate | CEX | 1,062 | $12.85B | $9.37B | — | 2 / 5 bps | +3076.51% | -3830.75% | 66 | 1h, 4h, 8h | No | Trade ↗ |
| ByBit | CEX | 898 | $12.21B | $8.51B | — | 2 / 5.5 bps | +151.01% | -5804.25% | 1 | 1h, 4h, 8h | No | Trade ↗ |
| HyperliquidHyperliquid | DEX | 178 | $11.06B | $3.91B | 45,393▲+14% | 1.5 / 4.5 bps | +10.95% | -825.34% | — | 1h | No | Trade ↗ |
| Bitget | CEX | 857 | $8.17B | $5.17B | — | 2 / 6 bps | +299.59% | -3275.36% | 58 | 1h, 4h, 8h | No | Trade ↗ |
| OKX | CEX | 522 | $7.73B | $14.87B | — | 2 / 5 bps | +102.42% | -1197.94% | 43 | 2h, 4h, 8h | No | Trade ↗ |
| TradeXYZHyperliquid | DEX | 116 | $3.89B | $424.82M | 10,472▼-47% | 0.3 / 0.9 bpsHIP-3 growth mode (≥90% off) on most markets; the rest pay 3 / 9 bps. | +204.05% | -573.35% | 116 | 1h | No | Trade ↗ |
| KuCoin | CEX | 705 | $2.99B | $1.78B | — | 2 / 6 bps | +255.35% | -4003.32% | 4 | 1h, 4h, 8h | No | Trade ↗ |
| BingX | CEX | 984 | $2.92B | $4.95B | — | 2 / 5 bps | +144.98% | -1385.83% | 13 | 1h, 4h, 8h | No | Trade ↗ |
| HTX | CEX | 389 | $1.88B | $932.98M | — | 2 / 6 bps | +195.28% | -949.65% | — | 8h | No | Trade ↗ |
| Deribit | CEX | 144 | $1.43B | $4.91B | — | 0 / 5 bpsUSDC linear perpetuals. | +160.70% | -103.24% | — | 8h | No | Trade ↗ |
| Aster | DEX | 789 | $1.42B | $907.56M | — | 1 / 3.5 bpsPro mode. Stock perps trade at 0 / 0. | +140.18% | -1898.83% | 6 | 1h, 2h, 4h, 8h | No | Trade ↗ |
| cryptocom | CEX | 402 | $929.30M | $267.93M | — | — | +1981.17% | -3268.07% | 1 | 1h | No | Trade ↗ |
| Variational | DEX | 582 | $604.74M | $716.29M | — | 0 / 0 bpsRFQ: no fee; the cost is in the quoted spread. | +49.83% | -5215.99% | 45 | 1h, 4h, 8h | Variational Points | Trade ↗ |
| Lighter | DEX | 214 | $536.07M | $1.41B | 11,012▲+2% | 0 / 0 bpsStandard account; Premium (lower latency) pays 0.4 / 2.8 bps. | +703.43% | -229.51% | 14 | 8h | No | Trade ↗ |
| GRVT | DEX | 184 | $428.08M | $473.27M | — | -0.01 / 4.5 bps | +85.41% | -45.99% | 38 | 4h, 8h | No | Trade ↗ |
| Extended | DEX | 397 | $206.25M | $213.62M | 0 | 0 / 2.5 bpsRWA markets pay 0 / 1 bps. | +240.02% | -1927.20% | 78 | 1h | Extended Points | Trade ↗ |
| PacificaSolana | DEX | 78 | $123.18M | $436.97M | — | 1.5 / 4 bps | +137.75% | -8.74% | 19 | 1h | Pacifica Points | Trade ↗ |
| Arcus | DEX | 64 | $117.94M | $186.70M | — | 0 / 2.25 bpsBeta pricing (taker fees halved). | +71.52% | -33.99% | 21 | 1h | Arcus Points | Trade ↗ |
| Backpack | CEX | 100 | $113.58M | $73.03M | — | 2 / 5 bps | +171.48% | -104.67% | — | 1h | No | Trade ↗ |
| Ondo | DEX | 71 | $105.37M | $41.34M | — | 1.5 / 3.5 bps | +138.76% | -18.92% | 60 | 1h | No | Trade ↗ |
| RISE | DEX | 46 | $80.66M | $114.27M | — | -0.5 / 2 bpsUI traders; API traders pay 0 / 2 bps. | +400.00% | -72.27% | 16 | 1h | RISEx Points | Trade ↗ |
| EntropyHyperliquid | DEX | 11 | $76.88M | $22.92M | 2,092▼-36% | 0.3 / 0.9 bpsHIP-3 growth mode (≥90% off) on most markets; the rest pay 3 / 9 bps. | +239.62% | -48.78% | 10 | 1h | No | Trade ↗ |
| NADO | DEX | 71 | $76.21M | $225.02M | 1,720▲+11% | 1 / 3.5 bps | +24.43% | -52.82% | 21 | 24h | Nado Points | Trade ↗ |
| Kalshi | CEX | 28 | $59.99M | $542.08M | — | 0 / 0 bpsIntroductory fee waiver; the filed schedule starts at 5 / 12 bps. | +55.14% | -20.95% | 6 | 8h | No | Trade ↗ |
| dYdX | DEX | 73 | $50.52M | $22.83M | — | 1 / 5 bps | +18.75% | -0.68% | — | 8h | No | Trade ↗ |
| GMTradeSolana | DEX | 46 | $27.97M | $44.39M | 1,335▼-47% | — / 2 bpsOracle pool: 2–2.4 bps per side on crypto, stocks and commodities; 1–1.2 bps on FX. | +100.00% | -100.00% | 5 | 1h | No | Trade ↗ |
| PhoenixSolana | DEX | 99 | $23.32M | — | — | 0.5 / 3.5 bps | +61.72% | -204.00% | — | 1h | No | Trade ↗ |
| WOO X | CEX | 221 | $20.74M | $3.46M | — | 2 / 5 bps | +26.89% | -548.08% | 1 | 1h, 4h, 8h | No | Trade ↗ |
| QFEX | DEX | 229 | $17.81M | $37.33M | — | 2 / 5 bpsCommodities and indices; single stocks pay 5 / 10 bps. | +43.80% | 0.00% | 229 | 1h | No | Trade ↗ |
| ParagonHyperliquid | DEX | 32 | $16.87M | $1.73M | 444▼-24% | 0.3 / 0.9 bpsHIP-3 growth mode (≥90% off) on most markets; the rest pay 3 / 9 bps. | +246.49% | -292.90% | — | 1h | No | Trade ↗ |
| Paradex | DEX | 66 | $10.62M | $12.14M | — | 0 / 0 bpsRetail (UI) flow; API traders pay 0.3 / 2 bps. | +35.89% | -34.81% | 16 | 8h | Paradex XP | Trade ↗ |
| KineTiqHyperliquid | DEX | 5 | $9.36M | $1.16M | 161▼-30% | 0.3 / 0.9 bpsHIP-3 growth mode (≥90% off) on most markets; the rest pay 3 / 9 bps. | +21.46% | -1003.06% | — | 1h | No | Trade ↗ |
| BULKSolana | DEX | 22 | $7.52M | $22.47M | 900▲+20% | 0 / 3.5 bpsGenesis phase; the standard schedule is 2 / 3.5 bps. | +10.95% | +1.38% | — | 1h | Aura | Trade ↗ |
| BulletSolana | DEX | 30 | $3.27M | $23.72M | — | 1 / 4 bps | +87.82% | -133.54% | — | 1h | No | Trade ↗ |
| Perpl | DEX | 11 | $1.42M | $12.64M | — | 0.45 / 3.45 bps | +48.89% | 0.00% | — | 1h | No | Trade ↗ |
| Hibachi | DEX | 8 | $1.39M | $10.71M | — | 0 / 4.5 bps | +10.29% | -2.85% | — | 8h | Hibachi Points | Trade ↗ |
| Katana | DEX | 9 | $623.64K | $44.07M | — | 1 / 4 bps | +11.30% | +10.92% | — | 8h | No | Trade ↗ |
| EdgeX | DEX | — | — | — | — | 1.5 / 3.8 bps | — | — | — | 8h | No | Trade ↗ |
| Reya | DEX | — | — | — | 108▲+10% | 0 / 3 bps | — | — | — | 1h | Reya Points | Trade ↗ |
| FelixHyperliquid | DEX | — | — | — | 0 | — | — | — | — | 1h | Felix Points | Trade ↗ |
| HyenaHyperliquid | DEX | — | — | — | 0 | — | — | — | — | 1h | No | Trade ↗ |
| Vest | DEX | — | — | — | — | 0 / 1 bpsTaker fee varies by market. | — | — | — | 1h | Vest Points | Trade ↗ |
| Hotstuff | DEX | — | — | — | — | — | — | — | — | 1h | Hotstuff Points | Trade ↗ |
| JupiterSolana | DEX | — | — | — | 2,282▲+61% | — / 6 bpsOracle pool: 6 bps to open and 6 to close, plus price impact and borrow. | — | — | — | 1h | No | Trade ↗ |
| AdrenaSolana | DEX | — | — | — | — | — / 5 bpsOracle pool: free to open, 10 bps to close on most markets; shown per side. | — | — | — | 1h | No | Trade ↗ |
| FlashSolana | DEX | — | — | — | — | — / 2 bpsOracle pool: 2 bps to open and to close on majors, up to 50 bps on long-tail markets, plus spread. | — | — | — | 1h | No | Trade ↗ |
Metrics from the live funding set — active, fresh contracts. Volume figures are venue-reported rolling 24h totals. Active wallets are distinct wallets on at least one fill, measured only where a venue's trades carry a wallet (Hyperliquid and its HIP-3 venues, Lighter, NADO, GMTrade, Jupiter); every CEX and most DEXs don't publish who trades. The total counts a wallet once across venues.