Points and airdrops across perp venues

Incentives

Points and airdrops

Which venues still reward volume with points, and which have already distributed a token. Volume figures are live, so you can see how much competition you would be farming against.

Live programmes (7)

Lighter

Lighter Points (post-TGE season)

earningLIGHTER live

Lighter has completed its first token generation event, so rewards here are no longer speculative: the token trades and can be priced. Points continue to accrue on a season whose terms and conversion rate are not published.

How to earn

Trade to accrue volume-weighted points, with maker activity weighted above taker. The current season is undisclosed, so the rate and the eventual conversion are both unknown; size positions on the trading merits rather than on an assumed payout.

$1.43B 24h volume you would share

official ↗

edgeX

edgeX Points

earning

edgeX awards points for volume and open interest, positioned ahead of a prospective token.

How to earn

Accrue points from taker volume and sustained open interest; VIP tiers multiply the rate.

$137.68M 24h volume you would share

official ↗

Extended

Extended Rewards

earning

Extended runs a maker-weighted rewards programme carried over from its X10 era.

How to earn

Provide maker liquidity and maintain open interest; taker volume earns at a lower rate.

$556.47M 24h volume you would share

official ↗

Pacifica

Pacifica Points

earning

Pacifica awards points for perp volume on its Solana-native order book, with referral multipliers.

How to earn

Trade perps to accrue volume-weighted points; refer users for a share of their points.

$693.52M 24h volume you would share

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Backpack Exchange

Backpack Points

earning

Backpack runs a long-running points season covering both spot and perp activity.

How to earn

Trade spot and perps, hold assets on the exchange, and use the Backpack wallet.

$185.75M 24h volume you would share

official ↗

Paradex

Paradex XP

earning

Paradex awards XP across trading, liquidity provision and its vault products, accumulating toward a future token.

How to earn

Earn XP from perp volume, options market making, and depositing into Paradex vaults.

$9.40M 24h volume you would share

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Ostium

Ostium Points

earning

Ostium awards points for trading its RWA markets and for supplying the liquidity vault.

How to earn

Trade commodities, FX and index perps, or deposit USDC into the OLP vault.

volume not tracked

official ↗

Already distributed or closed

Venue	Programme	Status	Token	24h vol
Hyperliquid	HYPE (post-TGE)	token live	HYPE	$9.83B
ApeX Omni	APEX (post-TGE)	token live	APEX	$1.47B
GMX v2	GMX (post-TGE)	token live	GMX

Points programmes change terms often and rarely publish conversion rates in advance. Treat everything here as a starting point and confirm on the venue before committing volume.