All guides

Every page on Perpd, grouped by type. Each one shows when it was last updated and lists its sources.

Rankings

• Best perp DEXs in 2026, ranked by risk10 perp DEXs ranked by the risks that cost traders money: exits, liquidations, access, token and fees. Every score sourced. Nov 2026.
• Best Hyperliquid alternatives, ranked by risk9 Hyperliquid alternatives ranked by risk score, from Jupiter Perps to Aster: what each is, why traders pick it and its main red flag.
• Best Hyperliquid trading terminals and front-endsHyperliquid front-ends compared: Based, Dexari, pvp.trade, Insilico and Liquid. Fees on top, who holds your keys, platforms and builder codes.
• Best perp DEXs on Solana, ranked by riskSolana perp DEXs ranked by Perpd risk scores, plus where Velocity (formerly Drift), Phoenix, Bulk, Adrena and Flash Trade stand now.
• Which perp DEX is best for beginners?A plain guide for first-time perp traders: what a perp is, what to check, 3 venues with fewer red flags on our scores, and the usual mistakes.

Head to head

• Hyperliquid vs Aster: risk, fees and exit comparedHyperliquid vs Aster side by side: bridges and exit, fees, markets, volume, incidents, wash-trading flags, tokens and legal status.
• Hyperliquid vs Lighter: risk, fees and exit comparedHyperliquid vs Lighter side by side: custody and exit, fees, markets, volume, incidents, HYPE and LIT unlocks and who can use each.

Data

• Perp DEX risk scorecard: 10 DEXs ranked by risk10 perp DEXs scored on exit risk, security, liquidations, access, token and fees. Every score sourced. Updated 14 Nov 2026.
• Perp DEX fees compared: what a $100K trade really costsTaker and maker fees for 10 perp DEXs, plus measured slippage on $100K orders. Fees, not slippage, decide most of your cost.
• Which perp DEXs block the US, UK, India and Canada?Restricted countries, KYC and legal entity for 10 perp DEXs, taken from each terms page, plus India's FIU-IND and crypto tax rules. Nov 2026.
• Which perp DEXs have points programs right now?Perp DEX points programs on 14 Nov 2026: which are live or ended, token status, how points are earned and the known controversies, all sourced.

Guides and explainers

• After the $6.3B Binance hack: are perp DEXs safer?What the 29 Oct 2026 Binance hack changes for perp traders, and how 10 perp DEXs compare on getting your money out.
• Is Hyperliquid safe? What can go wrongWhat can go wrong on Hyperliquid: its validator-run bridge, 5 incidents since March 2025, HLP and ADL losses, HYPE unlocks and who is barred.
• Lighter's LIT unlock in late December 2026: what unlocks and what to watch500M LIT held by Lighter's team and investors comes off a 1-year lock in late Dec 2026. The schedule, the burn and what to watch.
• The Paradex rollback: what happened in Jan 2026 and what it means for exit riskHow a database bug sent Paradex's BTC perp to $0 on 19 Jan 2026, why Paradex could roll back its chain, and what it means for getting funds out.
• What is auto-deleveraging (ADL)? Real cases from 2025-26How auto-deleveraging works, where backstop vaults like HLP, JLP and GM fit in, and verified ADL cases on perp DEXs from 2025-26.
• Where to trade stock perps onchainWhich onchain venues list stock perps in Nov 2026, how each prices them after hours and at weekends, max leverage, and the SK Hynix flash crash.

Risk profiles

• Aster risk score: 52/100Aster scores 52/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• Extended risk score: 72/100Extended scores 72/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• GMX risk score: 69/100GMX scores 69/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• Hyperliquid risk score: 72/100Hyperliquid scores 72/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• Jupiter Perps risk score: 83/100Jupiter Perps scores 83/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• Lighter risk score: 75/100Lighter scores 75/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• Pacifica risk score: 53/100Pacifica scores 53/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• Paradex risk score: 63/100Paradex scores 63/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• Variational risk score: 81/100Variational scores 81/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.
• edgeX risk score: 72/100edgeX scores 72/100 on Perpd's Real Risk Score. Every factor, reason and source. Updated 14 Nov 2026.