Perps.com — The Live Terminal for the Perpetual Futures Economy

Why now

2026 is the year perps went mainstream.

In ninety days the word "perps" moved from crypto slang to CFTC filings and Wall Street headlines. Every major venue now ships a product with that name. Perps.com is the neutral terminal that tracks all of them.

Jun 3

Kalshi: first CFTC-approved US perps

BTC perpetuals live for US traders; $1B volume in week one. Aug 18: filed for S&P 500 perps — taking on CME and Cboe turf.

Jul 21

Coinbase: perps on three surfaces

Stock perps (Mar 20, non-US), US perpetual-style futures via Coinbase Financial Markets (Jul 21), and 290+ Hyperliquid markets inside Base App at up to 50x (Aug 19).

Jun 9

Ondo Perps: equities on-chain

24/7 perps on AAPL, NVDA, TSLA, QQQ, gold and silver at up to 20x, with tokenized stocks accepted as collateral. Non-US.

~50%

Hyperliquid HIP-3: builder markets

Independently deployed perp dexs now carry roughly half of Hyperliquid volume. Perps.com tracks every one of them live.

Who offers perps in the US →Regulatory tracker Read the analysis

Dates from public company announcements and press coverage as of 2026-08-20. Availability varies by jurisdiction; nothing here is a recommendation of any venue.

The tape

Live · Hyperliquid public API · refreshed every 60s · last update just now

Full markets table →

Live perp markets.

Top markets by 24h notional volume on Hyperliquid: mark price, 24h change, volume, open interest, and annualized funding — straight from the venue's public API. No login, no delay games.

Asset	Mark	24h	24h Volume	Open Interest	Funding APR
BTC	82,495	+1.17%	$2.10B	$3.27B	+11.0%
ETH	2,425	+0.81%	$1.02B	$2.59B	+11.0%
HYPE	79.026	+0.57%	$263.1M	$1.57B	+7.9%
ZEC	1,160.1	+2.26%	$236.6M	$528.2M	+11.0%
PUMP	0.004281	-1.68%	$184.9M	$143.3M	-9.4%
NEAR	5.075	+3.97%	$166.0M	$311.6M	+11.0%
SOL	104.87	+1.26%	$161.9M	$572.7M	-2.1%
XMR	603.505	+3.01%	$63.1M	$74.9M	+11.0%

Funding radar

Live · Hyperliquid public API · refreshed every 60s · last update just now

Full cross-venue table →

Funding is the price of consensus.

When Hyperliquid, Binance, and Bybit disagree on the funding rate for the same asset, that spread is information — about positioning, about flow, and occasionally about basis opportunities. We annualize the predicted rate per venue so the disagreement is legible at a glance.

Asset	HL rate (1h)	HL APR	Binance APR	Bybit APR	HL−Binance
SAND	-0.0976%	-855.4%	-530.0%	-2181.6%	-325.4%
BERA	-0.0107%	-93.6%	+3.4%	+11.0%	-97.0%
W	-0.0106%	-93.0%	-13.3%	-57.4%	-79.7%
FARTCOIN	-0.0056%	-48.8%	+11.0%	-7.8%	-59.8%
MON	-0.0003%	-2.7%	-60.3%	-3.3%	+57.6%
ANIME	-0.0052%	-45.2%	+11.0%	-5.4%	-56.1%

Venues settle funding on different intervals (Hyperliquid hourly; most CEXs every 8h). Annualized figures are indicative, computed from the current predicted rate — not a guaranteed carry.

HIP-3 builder markets

Market creation moved to the builders.

HIP-3 lets independent teams deploy their own perp markets on Hyperliquid — their own oracle, their own listings, their own fee take. Equities, indices, commodities, and assets no exchange committee would touch. As of mid-2026, builder markets account for roughly half of Hyperliquid volume. Perps.com tracks every deployed builder dex.

Open the HIP-3 tracker

Deployed builder dexs

Currently live on Hyperliquid:

XYZ Felix Exchange Ventuals HyENA Markets by Kinetiq ABCDEx

Counts and full roster on the tracker page, refreshed continuously.

Category map

The Perps Market Map

A living map of the perps economy, built for traders, protocols, funds, media, and strategic partners.

Venues

Hyperliquid, Jupiter, dYdX, Lighter, Aster-style venues, CEX perps, DEX perps, hybrid exchanges.

RWA Perps

Stocks, indices, commodities, FX, treasuries, prediction-linked instruments, and future tokenized asset exposure.

Infrastructure

Wallets, oracles, market makers, liquidation engines, risk systems, analytics, agent wallets, and APIs.

Builders

HIP-3 market creators, Solana perps teams, Base/Coinbase ecosystem builders, RWA/tokenization protocols.

Intelligence

Funding rates, basis opportunities, OI, volatility, market launches, liquidation heat, ranking systems.

Agents

Risk agents, funding agents, RWA agents, launch agents, research agents, copy-trading and execution agents.

Discovery layer

Perps Directory

A curated directory of the venues and builder categories that define the market — evolving into dynamic rankings, sponsored market pages, and research profiles.

Venue / Project	Category	Strength	Partner angle
Kalshi US · CFTC	Regulated US exchange	First CFTC-approved perps; S&P 500 perps filed	US education funnel + regulatory tracker
Coinbase US · Intl · Base	CEX + Base App	Stock perps, US perpetual-style futures, Hyperliquid in Base App	Base-native agent + data distribution
Ondo Perps RWA	On-chain equity perps	Tokenized-stock collateral, 24/7 equities & metals	RWA perps coverage + RWAAgent monitoring
Hyperliquid Leader	Custom L1 / on-chain order book	Performance, HIP-3, market creation	Market intelligence + launch support
Jupiter Perps	Solana perps	Solana ecosystem distribution	Listings + education + trader discovery
dYdX	Perps chain	Long-standing derivatives brand	Category comparison + institutional education
Lighter	Perps venue	New mainnet momentum	Growth tracking + launch coverage
RWA perps builders	Stocks / indices / commodities	Fastest narrative expansion	Dedicated RWA pages + agent monitoring

Submit a Perps Project Sponsor on Perps.com

Insights

The Perps Blog

Plain-language explainers, category maps, and market context for everyone navigating the perps economy.

Analysis

Perps Go Mainstream: Kalshi, Coinbase, Ondo and the US Wave

What changed in 2026, who offers what, and what it means for traders and builders.

Read → Education

What Are Perpetual Futures? A Plain-Language Primer

How perps work, what funding does, and why the category exists.

Read → RWA

RWA Perps: Bringing Stocks, Indices and Commodities On-Chain

How real-world assets are becoming tradable perpetual markets.

Read → Market Map

The 2026 Perps Venue Landscape, Mapped

Venues, builders, and infrastructure — who does what in the perps stack.

Read →

For strategic partners

We built the terminal. You can plug into it.

Perps.com gives protocols, venues, funds, RWA builders, and agent infrastructure partners a clean way to get discovered, explained, compared, and distributed — next to live market data instead of static brochureware.

Request the partner brief See PerpAgent

Partner packages

Founding directory placement
Sponsored protocol profile
RWA perps report sponsorship
HIP-3 launch coverage
PerpAgent co-development path

Best-fit partners

Perp venues, HIP-3 builders, Solana perps teams, Coinbase/Base ecosystem projects, RWA protocols, analytics companies, wallets, market makers, and crypto funds.

Strategic inquiries

Perps.com and its agent layer, PerpAgent.com, are open to strategic partnership and acquisition conversations with category leaders. One asset pair: the category domain, the live terminal, the subscriber base, and a callable MCP agent.

Strategic brief →

Newsletter

Stay on the perps map.

A periodic briefing on the perps category — new venues, HIP-3 launches, RWA-perp milestones, funding regimes, and what partners are building. No noise.

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One concise email. Category intelligence, not trading calls.

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Educational market intelligence only — not investment, legal, tax, or trading advice. Unsubscribe anytime.

Lead magnet

Request the 2026 Perps Market Map.

A concise partner brief mapping the venues, the HIP-3 builder wave, the RWA perps trend, infrastructure gaps, and directory sponsorship options.

Get the brief

Tell us where to send the market map and sponsorship options.

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Educational market intelligence only — not investment, legal, tax, or trading advice.