Perp market directory

Perp DEX list, without the spreadsheet mess.

Start with a curated list of perp DEX farming routes, then open the market terminal for volume and open-interest rankings. Missing data stays missing rather than being displayed as zero.

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Curated routes

Research-ready perp DEXs

9 reviewed venues
Variational logoVariationalS+15% points boost→TxFlow logoTxFlowS+5% fee discount→RiseX logoRiseXS+Private invite codes via Telegram→Hibachi logoHibachiS+15% points boost + 15% fee discount→Bulk logoBulkSDeposit to earn points→Extended logoExtendedS5% points boost + 10% fee discount + 30% refback→Pacifica logoPacificaS15% points boost→Meridian logoMeridianA15% points boost→Reya logoReyaA15% points boost→

What is a perp DEX?

A perpetual DEX is a trading venue for perpetual futures. Traders can take leveraged long or short positions without a fixed expiry date.

Where can I rank perp DEXs by volume?

The Capys market terminal ranks protocols by available 24-hour volume, 7-day volume, 30-day volume, and live open interest.

Why can protocol counts differ between market trackers?

Volume adapters, open-interest feeds, protocol directories, child deployments, and inactive venues are separate datasets. Capys labels live and snapshot coverage instead of treating missing metrics as zero.

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