Which exchanges list pre-ipo perpetual futures?
The leaderboard includes supported centralized and decentralized venues with current pre-ipo perpetual futures data. Open a venue to see which underlying markets contribute to its totals.
Tokenized Pre-IPO Perpetual Futures Exchange Leaderboard
Exchanges ranked by aggregate pre-ipo perpetual futures open interest and 24-hour trading volume. Total: $203.87M. Top venues: Binance, EntropyIO, Gate.io, Bitget, RH Lighter.
| Rank | Exchange | 24h Volume (USD) | Open Interest (USD) | Symbols | 24h Change |
|---|---|---|---|---|---|
| 1 | Binance | $20.34M | $59.32M | 2 | +1.87% |
| 2 | EntropyIO | $10.93M | $45.14M | 1 | +3.86% |
| 3 | Gate.io | $25.26M | $24.76M | 2 | +48.36% |
| 4 | Bitget | $18.08M | $20.03M | 2 | +0.59% |
| 5 | RH Lighter | $70.17M | $14.82M | 2 | +2.11% |
| 6 | OKX | $1.25M | $8.56M | 2 | +0.55% |
| 7 | MEXC | $1.34M | $8.35M | 2 | -17.56% |
| 8 | Lighter | $3.61M | $6.93M | 2 | -0.48% |
| 9 | Variational | $2.02M | $3.16M | 2 | -0.16% |
| 10 | Phemex | $757.82K | $2.96M | 2 | +1.65% |
| 11 | Bybit | $871.46K | $2.94M | 2 | -2.05% |
| 12 | Phoenix | $1.79M | $2.66M | 1 | +5.75% |
| 13 | QFEX | $749.72K | $2.60M | 2 | -1.88% |
| 14 | KuCoin | $1.87M | $801.47K | 2 | +0.97% |
| 15 | Deribit | $277.28K | $348.76K | 2 | -1.40% |
| 16 | Aster | $2.01M | $221.63K | 2 | +4.12% |
| 17 | Extended | $1.02M | $154.83K | 1 | -7.54% |
| 18 | Ondo Perps | $114.30K | $56.95K | 1 | +5974.79% |
| 19 | TxFlow | $181.40K | $39.32K | 2 | -64.02% |
| 20 | GRVT | $178.90K | $9.85K | 2 | -1.75% |
| 21 | BingX | $3.64M | $0 | 2 | +0.00% |
| 22 | HTX | $213.79K | $0 | 2 | +0.00% |
| 23 | Paragon | $0 | $0 | 1 | +0.00% |
Last updated 2026-10-21T23:55:18Z (UTC).
FAQs
Pre-IPO perpetual futures exchange questions
Compare where pre-ipo perpetual futures trade using venue-level open interest, volume, market count, and recent changes.
How are pre-ipo perpetual futures exchanges ranked?
Rankings use aggregate tracked open interest or 24-hour volume. Open interest shows outstanding exposure, while volume shows recent turnover, so the leader can differ by metric.
Why do underlying market hours matter by exchange?
A crypto venue may trade continuously even when the reference stock, commodity, index, or currency market is closed. Pricing, spreads, and hedging conditions can therefore vary by session and venue.
Are pre-ipo perpetual contracts identical across exchanges?
No. Venues can use different indices, contract multipliers, funding formulas, margin rules, price limits, and market-hour protections. The shared label does not guarantee identical exposure.
What should be compared before trading a pre-ipo perpetual?
Compare the exact reference asset, index methodology, spread, depth, fees, funding, open interest, market hours, and contract rules. Same-ticker instruments can represent different underlying markets.