Cyclo
BFlare · Pre-points
Flare leverage tokens without a pool, funding or liquidation engine
Playable. Size it below your top-tier venues.
Compare Perp DEX venues
Pick any two perpetual DEXs and compare live fees, reward pools, program timing and farm scores on one screen. Built for airdrop farmers deciding where the next dollar of volume works hardest — not for ranking exchange brand size.
Head-to-head
Perpetual DEX feature & fee matrix
Live data from the same engine as the airdrop screener: fees, farm score, funding APR, OI momentum and program progress. Use popular pairs below or pick any two farmable venues from the dropdowns.
Compare maker/taker fee tiers, reward pools, and score breakdowns between any two perp exchanges. Check live arbitrage spreads in the Funding Matrix, or review our tier scoring weights in the Scoring Methodology.
Hyperliquid
SHyperliquid L1 · HIP-3 & Ecosystem
Tier S flagship: deepest on-chain liquidity, 0.015%/0.045% base fees and HIP-3 builder ecosystem
Best risk-adjusted farm right now: a large pool, an early entry point, and not much volume competing yet.
Green highlights the better side for airdrop farming. Volume and Vol ÷ OI are shown as raw market data without a winner — a higher dollar volume is not “better”, it usually means a more crowded reward pool.
44
Farm score
99
n/a
Volume 24h
Absolute market size — not ranked; higher = more farmers competing
$7.08B
$180K
Open interest
$10.31B
—
OI Δ7d
-0.2%
—
Vol ÷ OI
24h volume ÷ open interest. ~1–3× = positioning; 8×+ often churn
0.7×
—
Funding APR
+10.9%
0%/0.04%
M / T
0.015%/0.045%
Open
Program window
Open
undisclosed
Reward pool est.
$4.65B
$80
Fee / $100k RT
$90
—
Allocation
31%
Higher farm score right now: Hyperliquid (99/100).
How to use
Reading a head-to-head compare
Start with farm score when venues are in different tiers. When scores are within a few points, scan fees, program window and reward-pool estimates before committing volume.
Estimate dollar outcomes in the points calculator, hedge funding in the funding matrix, and read how crowding enters the score in methodology.
Head-to-head
Popular comparisons
FAQ
Compare questions
Which column matters most?+
Farm score already packs the trade-offs into one number. Use the row-by-row view when two scores are close and you want to see whether the edge is reward density, a quieter book, cheaper fees or an earlier program window.
What does Vol ÷ OI (turnover) mean?+
Daily volume divided by open interest. Real positioning typically turns over about 1–3× per day. When turnover is 8× or higher, the same open interest is being churned many times — a sign of incentive-driven volume competing with you for the pool, not that one venue is “bigger” than another.
Why is a $2B venue not automatically better than a $700M one?+
Volume is how much notional traded in 24 hours, not how good the airdrop is. A larger number means more farmers are already splitting the same reward pool. Farm score already penalises crowding — the volume row is there so you can see the raw competition, not to crown a winner.