Entropy
dexMaker 0.03% · Taker 0.09%
- #19 of 44 perp-DEXs by open interest
- #24 by 24h volume
- taker 0.09% — cheaper than 2 of 42 venues
- 10 markets
Charts
Daily history. TVL and fees come from DefiLlama, open interest and volume from our own feed since we started tracking the venue.Best pairs with Entropy right now
delta-neutral: long on one exchange, short on another
SAND
BitgetEntropythis venue
LIT
ToobitEntropythis venue
SNDKEntropythis venue
HotcoinEntropy bonuses & programs
what you can earn besides fundingSign up on Entropy via ORBIT
HYPE rebates on HIP-3 trades
What open interest is made of
live snapshot- Other RWA75.7%$50.3M
- Stocks23.6%$15.7M
- Indices & ETFs0.8%$502K
Per-asset breakdown
Daily average of the venue rolling 24h figures, through the last complete day — so these totals sit close to, but not exactly on, the live numbers above. Hover a chart for the per-asset split · hover or click an asset to spotlight it · click a legend chip to hide it.
Funding
who pays whom right nowNo market with a negative rate right now
Daily average rate, annualised. Above zero longs pay shorts.
Markets
| Asset | Mark Price ↕ | 24h % ↕ | Funding APR ↕ | Open Interest ↓ | 24h Volume ↕ | ||
|---|---|---|---|---|---|---|---|
| 🤖ANTHROPIC | $1,957.6 | +2.96% | +7.45% | +7.85% | 1h | $41.7M | $6.5M |
| SNDK | $1,347.6 | +5.88% | +13.52% | +9.53% | 1h | $8.0M | $19.6M |
| 🤖OPENAI | $1,518.2 | -0.11% | +10.22% | +8.27% | 1h | $7.1M | $1.3M |
| NBNBIS | $171.97 | +4.74% | +6.01% | +23.58% | 1h | $7.0M | $2.3M |
| 💾DRAM | $48.242 | +4.95% | +11.19% | +16.30% | 1h | $1.5M | $2.8M |
| 🇰🇷EWY | $158.12 | +5.69% | +3.37% | +12.48% | 1h | $502K | $756K |
| GPGPRO | $1.0369 | +1.31% | +155.50% | +24.85% | 1h | $263K | $27K |
| 🎮TENCENT | $53.571 | +0.57% | +4.22% | +0.07% | 1h | $192K | $28K |
| IOIONQ | $32.379 | +4.98% | +16.91% | +12.62% | 1h | $134K | $124K |
| 📱XIAOMI | $3.4019 | +0.38% | +1.37% | -4.65% | 1h | $93K | $17K |
Click an asset to view market overview · Funding rates update every 60s
Best exchange pairs for Entropy
Head-to-head pages with the funding setups between the two venues, ranked by what they paid after costs.
About Entropy funding & fees
Entropy is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 10 perpetual markets, $66.4M total open interest, $33.5M in 24h volume. Average funding across its markets is +22.98% annualized. ORBIT compares Entropy's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Entropy charges 0.09% taker and 0.03% maker fees on perpetuals. Via the ORBIT referral you also get: HYPE rebates on HIP-3 trades. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Entropy is pre-TGE (token HYPE not yet live) — points farmed now may convert to a future airdrop. Pairing it with a funding-arbitrage position lets you earn the spread while farming. See the Points Calculator for FDV-based estimates.
To run funding arbitrage with Entropy, find an asset whose funding here diverges from another venue on the Funding Screener, then verify the pair in the backtester. Its most active markets right now include ANTHROPIC (+7.45%), SNDK (+13.52%), OPENAI (+10.22%).
Frequently asked questions
- What are Entropy trading fees?
- Entropy charges 0.09% taker and 0.03% maker on perpetual futures. ORBIT referral perk: HYPE rebates on HIP-3 trades. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Entropy a CEX or DEX?
- Entropy is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Entropy have an airdrop or points program?