Compare venues

Compare perpetual DEXs side-by-side: Hyperliquid, Lighter, Paradex, edgeX. Analyze taker fees, FDV valuations, points seasons and farm scores in 1 click.

Head-to-head

Perpetual DEX Feature & Fee Matrix

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.

Venue AVenue B

Hyperliquid

Hyperliquid 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.

Farm Hyperliquid

Entropy

Hyperliquid (HIP-3) · Season 1

Tier S HIP-3 perps book with Growth Mode fees and Season 1 points

Best risk-adjusted farm right now: a large pool, an early entry point, and not much volume competing yet.

Farm Entropy

Farm score

97.5

$2.39B

Volume 24h

$51.6M

$13.54B

Open interest

$11.5M

+2.5%

OI Δ7d

—

0.2x

Turnover

4.5x

0.015%/0.045%

M / T

0.003%/0.009%

Open

Program window

$4.65B

Reward pool est.

$75.0M

$90

Fee / $100k RT

$18

31%

Allocation

15%

Higher farm score right now: Hyperliquid (99/100). Volume is highlighted for the less crowded book — lower competing volume usually means more of the pool per dollar you trade.

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.

Why is lower volume highlighted as better?+

Because you compete with that volume for a fixed reward pool. A quieter venue with a similar pool usually pays more per dollar of your volume — unless the quietness means the token will never launch, which is why credibility still carries weight in the score.