Frequently asked questions
PerpFinder is a comprehensive platform designed for traders to compare and analyze perpetual futures exchanges across both centralized and decentralized ecosystems. It aggregates live market data from over 40 exchanges, providing users with key metrics such as trading volume, fees, open interest, and total value locked. This allows traders to make informed decisions about where to execute their strategies. The platform emphasizes cost analysis, liquidity, and market depth, helping users navigate the complexities of perpetual futures trading effectively.
Perpetual futures, or 'perps', are derivative contracts that allow traders to speculate on the price of an asset without owning it. Unlike traditional futures contracts, they do not have an expiration date, enabling positions to remain open indefinitely as long as margin requirements are met. This flexibility and the potential for leverage make perpetual futures particularly attractive for active traders looking to capitalize on market movements.
PerpFinder highlights the differences in trading costs across various exchanges by providing detailed insights into fees associated with maker and taker orders. Even small variations in fees can significantly impact overall trading costs, especially for frequent traders. By presenting this information clearly, PerpFinder enables users to identify the most cost-efficient platforms based on their trading style and volume.
PerpFinder offers several features to enhance trading decisions, including real-time data aggregation, cost analysis tools, and educational resources. It provides metrics on liquidity and market depth, helping traders assess the activity level of exchanges. Additionally, it includes calculators for estimating trading costs and monitors for funding rates, making it a valuable resource for traders of all experience levels.
PerpFinder supports both centralized and decentralized exchanges, reflecting the growing importance of on-chain trading environments. It allows users to compare these options side by side, highlighting the trade-offs between convenience, control, and security. This feature is particularly beneficial for traders looking to understand the unique mechanics and risks associated with decentralized perpetual exchanges.
