Hyperliquid Season 2 The dominant on-chain perp DEX with deep liquidity, a high-performance L1 and a live HYPE reward season.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Perp DEX airdrops to farm in 2026
Perpetual DEXs reward early traders with points ahead of a token. These venues have live, confirmed or expected airdrops — the ones with no token yet are the highest-upside plays. Trade through our links to get started.
Hyperliquid Season 2 
tradeXYZ Active Hyperliquid HIP-3 venue for RWAs, equities, indices and commodities through the tradeXYZ interface.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Aster Stage 5 Privacy-focused multi-chain perp DEX with Aster Chain, spot/perps, stocks, forex, commodities and Stage 5 rewards.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Lighter Season 2 Zero-fee, verifiable orderbook perp DEX with Ethereum-secured contracts, LIT utility and a live points program.
QUALIFY Trade volume and maintain activity while the rewards program is live.
GRVT Active Hybrid exchange blending CEX speed with self-custody, maker rebates and an active rewards program.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Pacifica Active Fast-growing Solana-native perp DEX with low fees and an active points program.
QUALIFY Trade volume and maintain activity while the rewards program is live.
edgeX Active EDGE Chain self-custody DEX for perps, spot, tokenized stocks and RWAs with active rewards.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Variational Active Variational Protocol venue where Omni offers zero-fee perps and Pro targets institutional OTC derivatives.
QUALIFY Trade volume and maintain activity while the rewards program is live.
StandX Active Emerging perp DEX with low fees, gold and silver markets, and an active rewards program.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Extended Active StarkEx/Starknet orderbook perp DEX with zero maker fees, 100+ markets and active rewards.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Nado Active Ink-based CLOB DEX for perps, spot and margin with unified margin, points and tiered maker/taker fees.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Dreamcash Active Perp DEX with balanced low fees, active rewards and growing open interest.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Ostium Active RWA-focused perp DEX for commodities, forex and indices on-chain.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Rho Active Crypto-native rates venue for funding-rate futures, rate hedging, vaults and points.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Vest Active Perp DEX with a very broad market list across crypto, stocks, forex and RWAs.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Reya Active Perp DEX on Reya Network with a live token and continuing activity incentives.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Decibel Active New perp DEX with low fees and an active rewards program.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Paradex XP Paradigm-incubated Paradex Chain venue for futures, options, spot and commodities with XP rewards.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Hibachi Active Privacy-first perp DEX with zero maker fees and active rewards.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Ethereal Active Perp DEX connected to the Ethena ecosystem with zero maker fees and active rewards.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Hotstuff Active Early perp DEX with maker rebates, low taker fees and active rewards.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Perpl Active New perp DEX with an active rewards program and low listed open interest.
QUALIFY Trade volume and maintain activity while the rewards program is live.
01 Active Solana-based perp DEX with an active rewards program.
QUALIFY Trade volume and maintain activity while the rewards program is live.
HYENA Active Early-stage perp DEX with active rewards and no confirmed token launch.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Avantis Season 3 Base-native perp DEX for crypto, forex and commodities with a live AVNT token.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Rocket Active Early beta perp DEX with low fees and an active rewards label.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Ventuals Active Perp DEX with active rewards and a focus on simple trading access.
QUALIFY Trade volume and maintain activity while the rewards program is live.
Felix Active Hyperliquid ecosystem perp venue with active rewards and a growing market list.
QUALIFY Trade volume and maintain activity while the rewards program is live.