🔻 Decentralized Derivatives Exchanges
On-chain perpetual swaps and futures — dYdX, GMX, Hyperliquid, Jupiter Perps. Trustless leverage, fully on-chain settlement.
What is a decentralized derivatives exchange?
Perp DEXes let you trade leveraged positions without depositing to a centralized venue. Liquidity comes from on-chain pools (GMX) or off-chain orderbooks with on-chain settlement (dYdX). You self-custody collateral, funding rates replace borrow fees, and liquidations are executed by keeper bots or smart contracts.
Perp DEX Rankings
Detailed ranking table for decentralized perpetual exchanges is being indexed. In the meantime, explore the centralized leaderboard or browse the full exchange directory.