Methodology
How we collect, rank, and display perpetual DEX data.
Data Sources
Volume and Open Interest data is fetched directly from each exchange's public API. We query official endpoints (subgraphs, REST APIs, or on-chain data) to get the most accurate 24-hour figures.
When an exchange API is unavailable or returns incomplete data, we fall back to CoinGecko's derivatives API for volume and Open Interest.
Funding rates are sourced from the Loris Tools aggregated funding API, which covers both CEX and DEX exchanges in a normalized format.
Update Frequency
All data is refreshed automatically via a scheduled cron job that runs once daily. Pages are statically generated at build time and revalidated every 5 minutes through Next.js ISR (Incremental Static Regeneration).
The "Last updated" timestamp on each page reflects the most recent data refresh.
Rankings
The default ranking on the homepage sorts exchanges by 24-hour trading volume (descending). Users can re-sort by any column: volume, open interest, fees, or 24h change percentage.
The "24h %" change column compares the current day's volume to the previous day's volume, sourced from Supabase daily snapshots when available.
Fee Display
Maker and Taker fees are shown as percentages. These represent the base fee tier for each exchange — actual fees may vary based on trading volume, VIP tiers, or token staking.
Negative maker fees (rebates) are displayed as-is. The Calculator page uses these base fees to estimate total trade costs.
Funding Rates
Funding rates are normalized to a 1-hour rate or annualized APY. Different exchanges use different funding intervals (1h, 4h, 8h), and rates are adjusted accordingly for comparison.
The "Max Arb" column shows the maximum funding rate spread between exchanges for a given token — an indicator of potential arbitrage opportunity.
Markets (Where to Trade)
Market data is aggregated from each exchange's API. For exchanges without a public market list API, we maintain a curated static list of major pairs.
"Best Fees" shows the lowest maker/taker fee combination across all exchanges listing that asset. Max leverage reflects the highest available across all venues.
Airdrop Information
Airdrop data (status, type, estimated TGE, allocation percentages) is manually curated from official announcements, documentation, and community sources. This data may become outdated as programs change.
The ROI calculator uses conservative, base, and optimistic FDV estimates based on comparable token launches and publicly available fundraising data.
Limitations
- Volume data is self-reported by exchange APIs and may include wash trading.
- Some exchanges may be temporarily unavailable due to API changes or rate limits.
- Fee tiers shown are base rates — actual fees depend on your trading volume and VIP status.
- Funding rates are snapshots and can change rapidly during volatile markets.
- Airdrop information is not financial advice and may be inaccurate or outdated.
