Compare 44 perp venues. Check the costs and evidence.
Compare perpetual futures venues by trading fees, 24-hour volume, open interest, and reward rules. Fresh market data and dated editorial terms are labeled separately. Volume ranks activity, not safety or execution quality.
Rows with fresh volume are ordered by 24h volume; unmeasured rows follow in editorial order. Fees and reward status are snapshots from 2026-09-19, not live terms. Additional Solana-native options appear below.
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An RFQ-based perps venue on Arbitrum — you request a quote and trade against an aggregated liquidity vault instead of an order book, across 450+ markets.
24h volume (USD) and available OI (USD) from omni-client-api.prod.ap-northeast-1.variational.io/metadata/stats; captured 2026-10-14T03:45:24.099Z.
A zero-fee, zk-verifiable perps DEX on its own Ethereum zk-rollup — every order match and liquidation is cryptographically proven on-chain, not just claimed.
24h volume (USD) and available OI from mainnet.zklighter.elliot.ai/api/v1/exchangeStats; captured 2026-10-14T03:45:23.898Z.
A hybrid off-chain-matching, on-chain-settlement Solana perps DEX that reportedly overtook Jupiter Perps as Solana's top venue by daily volume within three months of launch.
24h volume (USD) and available OI (USD) from api.pacifica.fi/api/v1/info/prices; captured 2026-10-14T03:45:24.051Z.
A hybrid CLOB from an ex-Revolut team, live on Starknet — sub-10ms off-chain matching with on-chain settlement, EVM-friendly deposits, up to 100x leverage.
24h volume (USD) and available OI (USD) from api.starknet.extended.exchange/api/v1/info/markets; captured 2026-10-14T03:45:24.744Z.
A live, invite-gated 24/7 RWA perps CLOB with a real 3-tier referral program — but no points or airdrop program exists yet, despite active social-media chatter suggesting one is imminent.
24h volume (USD) and available OI (USD) from api.qfex.com/md/contracts; captured 2026-10-14T03:45:24.385Z.
A unified spot/margin/perps exchange built by Kraken's core engineering team on Ink (Kraken's Optimism-Superchain L2), with cross-margined risk netting across products.
24h volume (USD) and available OI (USD) from archive.prod.nado.xyz/v2/contracts?edge=true; captured 2026-10-14T03:45:24.712Z.
A multichain orderbook perps DEX (BNB Chain, Solana) built by former Binance Futures leadership, using a yield-bearing stablecoin (DUSD) as margin collateral.
24h volume (USD) and available OI (USD) from perps.standx.com/api/query_market_overview; captured 2026-10-14T03:45:24.318Z.
Paradex's Starknet-based perpetuals venue uses unified margin and separate Retail and Pro execution paths; this review focuses on perp fees, access, XP, and execution risk.
24h volume (USD) and available OI (USD) from api.prod.paradex.trade/v1/markets/summary; captured 2026-10-14T03:45:24.773Z.
A StarkEx zk-rollup perps DEX matching orders off-chain at CEX-like speed and settling on-chain, with deposits from 70+ chains and up to 100x leverage.
Open interest via DefiLlama, updated 2026-10-14T03:45:26.020Z — volume isn't available from a free source for this venue yet.
An omnichain perps DEX (Ethereum, BNB Chain, Arbitrum, Mantle, Base, Solana) letting traders fund and trade across chains from one account via zkLink and StarkEx.
Lighter's perpetuals through Robinhood Wallet — the same underlying venue through a different front door, with USDG collateral and Lighter-controlled points.
Open interest via DefiLlama, updated 2026-10-14T03:45:26.020Z — volume isn't available from a free source for this venue yet.
A synthetic-asset leveraged trading platform — no real underlying assets change hands, just oracle-priced synthetic exposure against the gDAI vault, across 270+ pairs.
An Aptos Labs-incubated perpetuals exchange unifying spot, perps, and margin on one fully on-chain engine, with an AMPs points program and a token on the public roadmap.
Open interest via DefiLlama, updated 2026-10-14T03:45:26.020Z — volume isn't available from a free source for this venue yet.
An Ondo Foundation-run RWA perps platform stacking weekly points with a confirmed $175K USDC rewards pool — one of the few farms that pays cash regardless of whether points ever convert.
A perp DEX is a venue for perpetual futures: leveraged contracts with no expiry. Funding payments help keep the contract price close to its reference. Custody, execution, and settlement differ by venue; a DEX label alone does not establish decentralization or safety.
How are these rankings ordered?
Venues with fresh volume from a direct public API are ordered by current 24-hour volume. Venues without a direct volume adapter retain the editorial snapshot order until measured, and the table labels that coverage boundary rather than inventing a number. It's a starting point for research, not a guarantee of quality or safety — read the linked review before using any platform.
Which numbers are actually live, and which are static?
Volume and Open Interest show a small 'Live' tag with a timestamp when they're pulled from a venue's own public API or, for a broader set of venues, backfilled from DefiLlama's free open-interest data. Everywhere else on this row — including any venue without that tag — shows a dash rather than an old or estimated number.
Which perp DEXs charge zero trading fees?
The editorial snapshot dated 2026-09-19 lists 0% maker and taker fees for Variational, Lighter, Lighter RH. These are not live fee quotes. Confirm the account tier and current schedule, and include spread, funding, and slippage in total cost.
Which perp DEXs have an active points program or airdrop right now?
As of this page's last update, Arcus, RISEx, Variational, Bulk Exchange, Hibachi, Pacifica have live or ending-soon points/airdrop programs. See the Season & Campaign Tracker for full deadlines and program details, or the pre-TGE farming roundup for a curated shortlist.
Is anything here financial advice?
No. Nothing on this page or linked from it is financial advice. Perpetual futures are leveraged products that carry real risk of loss, including total loss of funds — see our Disclaimer for details.
