State of Perp DEX Liquidity
Where open interest and volume actually sit across perpetual venues, how much size each asset absorbs from live orderbooks, and how far venues disagree about the cost of holding it. Built from the same data the screener runs on, so these numbers and the rest of the site cannot drift apart.
Updated 2026-08-16 09:47 UTC · 137 days of funding history, 99 days of orderbook history
Venue market shares
Open interest and 24h volume, summed from the latest snapshot of every active market. Shares are of the verified total.
Hyperliquid↗excluded$7.5B- trade[XYZ]↗excluded$3.6B
Variational↗$722M21.5%
In this tab: 29 venues, 2871 markets. Shares are computed within the tab.
Fastest growing venues (30 days)
Change in open interest versus 30 days ago. Venues with less than $1M of open interest a month ago are not ranked — a jump from a tiny base says nothing about a venue.
Deepest assets by executable depth
Dollars resting in the orderbook within 50% of mid, summed across venues, on the thinner side of each book. This is what a position can actually be filled against, not notional open interest.
Where venues disagree most on funding
Annualised funding across venues for the same asset, as a p10–p90 range. Assets whose median is itself extreme are excluded — that is a market at its funding cap, not venues disagreeing.
BTWAster → Binance Futures23% … 292%14 venues- BMBMTBybit → KuCoin-265% … -48%6 venues
- DODOLOBybit → BingX-214% … -14%7 venues
CASHCATHyperliquid → Aster11% … 199%6 venues
MOVEBloFin → Hyperliquid-157% … 5%13 venues
UAIGate.io → Bybit11% … 159%10 venues
LSKBitget → BingX-9% … 126%6 venues
DOSBybit → Hotcoin-168% … -34%10 venues
Method: open interest and volume are each venue's own reported figures, taken from the latest snapshot per market. Depth is measured by walking the published orderbook — we see the 50 levels each venue publishes, so where a book hits that cap the real depth is larger than shown, and hidden or iceberg liquidity is invisible to everyone. Funding is annualised from each market's own settlement interval. Nothing here is a recommendation to trade.