Methodology & disclosure

How we rank

Perpetual DEXs are ranked by 24-hour trading volume by default. You can re-sort by open interest or filter by features and chains. Rankings reflect market activity and our editorial assessment — not how much a venue pays in referral commissions.

Where the data comes from

Volume and open-interest figures are sourced from DefiLlama and refreshed on a schedule. Fees, token status, airdrop programs, descriptions and editorial scores are curated and maintained by us. Each DEX page shows when it was last updated.

Editorial scores

Our /10 score is an honest editorial opinion. We start with liquidity, volume and open interest, then adjust for maturity, fee quality, product breadth, airdrop/rewards upside and execution risk. A deep, mature venue with low fees scores higher; a new venue with weak documentation, limited liquidity or unclear infrastructure receives a risk discount.

Scores and referral links are maintained in one operator config, but they are separate fields. A referral can never raise a score by itself.

Affiliate disclosure

“Trade” links are referral links. If you sign up and trade through them, we may earn a commission — at no extra cost to you, and often with a fee discount or bonus for you. This is how PerpRadar stays free. Referral relationships never influence rankings.

Risk disclaimer

Nothing here is financial advice. Perpetual futures are high-risk leveraged products and you can lose more than your initial margin. Do your own research and only trade what you can afford to lose.