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Crypto Almanac Daily
Independent ranking

Best Perpetual DEXs

On-chain perpetual venues scored on the same evidence: audits you can reach, docs you can read, market data you can re-query.

Kayla PetersonKayla PetersonDeFi Research Analyst· Last checked August 10, 2026
1G

GMX V2 Perps

Best for audited, multi-chain deployment
Counterparty & contract risk · 30%10.0
Cost transparency · 20%9.0
Market quality · 25%8.0
Transparency & track record · 15%10.0
Public documentation surface · 10%10.0
Pros
  • Audit report linked from a public dataset
  • Documentation published at a public address
  • Deployed across 4 chains
Cons
  • Several indicators could not be verified from public sources at this check
9.3/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
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2A

Avantis

Best for documented on-chain trading
Counterparty & contract risk · 30%10.0
Cost transparency · 20%9.0
Market quality · 25%4.0
Transparency & track record · 15%10.0
Public documentation surface · 10%10.0
Pros
  • Audit report linked from a public dataset
  • Documentation published at a public address
Cons
  • Single-chain deployment
8.3/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
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3D

Derive V2

Best for documented on-chain trading
Counterparty & contract risk · 30%6.0
Cost transparency · 20%9.0
Market quality · 25%10.0
Transparency & track record · 15%8.0
Public documentation surface · 10%8.0
Pros
  • Documentation published at a public address
  • Deployed across 7 chains
Cons
  • No audit report linked in the public dataset at this check
8.1/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
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4E

Extended Perps

Best for documented on-chain trading
Counterparty & contract risk · 30%6.0
Cost transparency · 20%9.0
Market quality · 25%8.0
Transparency & track record · 15%8.0
Public documentation surface · 10%8.0
Pros
  • Documentation published at a public address
  • Deployed across 2 chains
Cons
  • No audit report linked in the public dataset at this check
7.6/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
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5H

Hyperliquid HLP

Best for documented on-chain trading
Counterparty & contract risk · 30%6.0
Cost transparency · 20%9.0
Market quality · 25%6.0
Transparency & track record · 15%8.0
Public documentation surface · 10%8.0
Pros
  • Documentation published at a public address
Cons
  • No audit report linked in the public dataset at this check
  • Single-chain deployment
7.1/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
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6d

dYdX V4

Best for documented on-chain trading
Counterparty & contract risk · 30%6.0
Cost transparency · 20%9.0
Market quality · 25%3.0
Transparency & track record · 15%8.0
Public documentation surface · 10%8.0
Pros
  • Documentation published at a public address
Cons
  • No audit report linked in the public dataset at this check
  • Single-chain deployment
6.4/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
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7O

Ostium

Best for documented on-chain trading
Counterparty & contract risk · 30%8.0
Cost transparency · 20%4.0
Market quality · 25%4.0
Transparency & track record · 15%8.0
Public documentation surface · 10%8.0
Pros
  • Audit report linked from a public dataset
Cons
  • No documentation site found at a conventional address
  • Single-chain deployment
6.2/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
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8P

Pacifica Perps

Best for documented on-chain trading
Counterparty & contract risk · 30%8.0
Cost transparency · 20%4.0
Market quality · 25%3.0
Transparency & track record · 15%8.0
Public documentation surface · 10%8.0
Pros
  • Audit report linked from a public dataset
Cons
  • No documentation site found at a conventional address
  • Single-chain deployment
6.0/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
Visit Read review
9G

GMTrade

Best for documented on-chain trading
Counterparty & contract risk · 30%8.0
Cost transparency · 20%4.0
Market quality · 25%3.0
Transparency & track record · 15%8.0
Public documentation surface · 10%8.0
Pros
  • Audit report linked from a public dataset
Cons
  • No documentation site found at a conventional address
  • Single-chain deployment
6.0/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
Visit Read review
10A

Apex Omni

Best for documented on-chain trading
Counterparty & contract risk · 30%4.0
Cost transparency · 20%4.0
Market quality · 25%8.0
Transparency & track record · 15%6.0
Public documentation surface · 10%6.0
Pros
  • Deployed across 5 chains
Cons
  • No audit report linked in the public dataset at this check
  • No documentation site found at a conventional address
5.5/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
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11M

Moonlander

Best for documented on-chain trading
Counterparty & contract risk · 30%4.0
Cost transparency · 20%4.0
Market quality · 25%6.0
Transparency & track record · 15%6.0
Public documentation surface · 10%6.0
Pros
  • Deployed across 2 chains
Cons
  • No audit report linked in the public dataset at this check
  • No documentation site found at a conventional address
5.0/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
Visit Read review
12J

Jupiter Perpetual Exchange

Best for documented on-chain trading
Counterparty & contract risk · 30%4.0
Cost transparency · 20%4.0
Market quality · 25%6.0
Transparency & track record · 15%6.0
Public documentation surface · 10%6.0
Pros
  • Tracked and verifiable from public sources at this check
Cons
  • No audit report linked in the public dataset at this check
  • No documentation site found at a conventional address
  • Single-chain deployment
5.0/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
Visit Read review
13D

Decibel

Best for documented on-chain trading
Counterparty & contract risk · 30%4.0
Cost transparency · 20%4.0
Market quality · 25%3.0
Transparency & track record · 15%6.0
Public documentation surface · 10%6.0
Pros
  • Tracked and verifiable from public sources at this check
Cons
  • No audit report linked in the public dataset at this check
  • No documentation site found at a conventional address
  • Single-chain deployment
4.3/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
Visit Read review
14B

BULK

Best for documented on-chain trading
Counterparty & contract risk · 30%4.0
Cost transparency · 20%4.0
Market quality · 25%3.0
Transparency & track record · 15%6.0
Public documentation surface · 10%6.0
Pros
  • Tracked and verifiable from public sources at this check
Cons
  • No audit report linked in the public dataset at this check
  • No documentation site found at a conventional address
  • Single-chain deployment
4.3/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
Visit Read review
15A

Arcus Perps

Best for documented on-chain trading
Counterparty & contract risk · 30%4.0
Cost transparency · 20%4.0
Market quality · 25%3.0
Transparency & track record · 15%6.0
Public documentation surface · 10%6.0
Pros
  • Tracked and verifiable from public sources at this check
Cons
  • No audit report linked in the public dataset at this check
  • No documentation site found at a conventional address
  • Single-chain deployment
4.3/10
Overall
Confidence ARubric v2.0Verified August 9, 2026
Visit Read review
At a glance

Compare the field

ServiceScoreStrongest areaBest for
GMX V2 Perps9.3Counterparty & contract risk (10.0)audited, multi-chain deployment
Avantis8.3Counterparty & contract risk (10.0)documented on-chain trading
Derive V28.1Market quality (10.0)documented on-chain trading
Extended Perps7.6Cost transparency (9.0)documented on-chain trading
Hyperliquid HLP7.1Cost transparency (9.0)documented on-chain trading
dYdX V46.4Cost transparency (9.0)documented on-chain trading
Ostium6.2Counterparty & contract risk (8.0)documented on-chain trading
Pacifica Perps6.0Counterparty & contract risk (8.0)documented on-chain trading
GMTrade6.0Counterparty & contract risk (8.0)documented on-chain trading
Apex Omni5.5Market quality (8.0)documented on-chain trading
Moonlander5.0Market quality (6.0)documented on-chain trading
Jupiter Perpetual Exchange5.0Market quality (6.0)documented on-chain trading
Decibel4.3Transparency & track record (6.0)documented on-chain trading
BULK4.3Transparency & track record (6.0)documented on-chain trading
Arcus Perps4.3Transparency & track record (6.0)documented on-chain trading