What is PERPTools? DEXTools' Perp DEX Explained: How to Use It, Fees, Points and Airdrop

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What is PERPTools? A perp DEX from DEXTools

What you can do on PERPTools: futures, spot and prediction

PERPTools fees and trading conditions

PERPTools points and airdrop

Risks to know before using PERPTools

How to use PERPTools: from connecting to placing an order

Summary

Disclaimer

PERPTools is a decentralized exchange for perpetual futures built by the team behind DEXTools, the chart analytics site. Order matching and settlement are handled by Orderly Network's shared order book. You only need to connect a wallet, and no KYC is required.

Points Season 2 started on October 2, and points earned before the TGE are expected to be converted into the future token. Meanwhile, deposits and trading have stopped on "AI Arena," the feature that lets AI trade on your behalf.

What is PERPTools? A perp DEX from DEXTools

PERPTools is a perpetual futures exchange (a perp DEX) built by the DEXTools team. PERPTools builds the trading interface, points, prediction game and AI agents, while Orderly Network runs the order book that matches orders and handles settlement.

On October 4, DEXTools told users who had spent five years finding tokens on DEXTools and then placing orders in another tab that they no longer need that tab. DEXTools claims more than 30 million users. Its tab row now includes "PERPTOOLS," which lists a Trade button for each futures market.

Image: Screenshot of DEXTools (captured October 19, 2026)

Clicking the button opens the PERPTools trading screen for that market in a new tab, where you place the order. People who used to check a chart and then open a separate exchange to trade can now move straight to the order screen for the same market.

Orders are matched on Orderly's shared order book

Matching, balance and P&L management, and deposits and withdrawals across chains are all handled by Orderly's infrastructure.

Orderly has 528 registered trading interfaces, and all of them send orders to the same order book. For a given market, your counterparty is the same no matter which interface you trade from. The official homepage says "Perpetuals routed across venues," but orders only ever go to Orderly's shared order book.

PERPTools by the numbers

As of October 19, about 35,000 users have connected to PERPTools, with cumulative futures volume of about $286 million and about $14.67 million over the last 30 days. Compared with the 30 million users DEXTools claims, only a small fraction have gone as far as connecting to PERPTools. But because the order book is shared, PERPTools' small volume does not make orders harder to fill.

Team and funding

CEO Evgen Tokarev is reported to have been in charge of trading infrastructure at DEXTools. CMO Wael Rajab is a co-founder of DEXT Ventures, DEXTools' investment arm, and also serves as a director.

The first round ($3 million) was led by DEXTools' investment arm and Orderly. The second round ($5 million, at an $80 million valuation) included five firms, among them BigBrain Holdings, NEAR and Animoca Brands.

What you can do on PERPTools: futures, spot and prediction

The app's trading menu offers Perps for perpetual futures, Spot for spot trading, and Tap Prediction, a game played with points.

Perpetual futures (Perps)

Perps supports cross and isolated margin, market and limit orders, and TP/SL (preset take-profit and stop-loss orders). There are 142 futures markets. Orderly listed 73 of them, and the remaining 69 were created by external operators such as mythos.

Spot with 0% fees

Spot is spot trading that launched on September 16, and trading fees are 0% (gas is separate). When you pick a chain such as Ethereum, trending and newly launched tokens are shown along with price, market cap and liquidity.

Tap Prediction, played with points

Tap Prediction is a game where you predict price moves by tapping price bands lined up above and below the current price. The farther a band is from the current price, the higher its multiplier. The markets are BTC, ETH and BNB.

You stake points, not USDC: you move Season 2 points into your Tap Prediction balance and play with them. You can move up to 100 points per day.

Image: Screenshot of PERPTools (captured October 19, 2026)

The Reward Pool on the board is also shown in points (1,001,465 points on October 19), not as a cash prize.

PERPTools fees and trading conditions

Futures fees depend on the market type and on whether your order rests on the book or takes an order from it.

Market	Maker (order resting on the book)	Taker (takes an order from the book)
Standard markets	0.01%	0.046%
RWA markets	0.05%	0.05%

Fees are charged on the position size (notional value), not on your margin. If you open a $1,000 position at market with $100 of margin at 10x, the fee is about $0.46, and it is charged again when you close. Compared with Hyperliquid's base rates (0.045% taker, 0.015% maker), the taker fee is nearly the same and the maker fee is lower on PERPTools.

According to the team, depositing and registering cost only gas, with no monthly fees, inactivity fees or markup on prices (spread). Withdrawals cost 1 USDC per withdrawal on both Arbitrum and Solana (as of October 19). On top of that, funding (the funding rate) is exchanged between longs and shorts: 83 of the 142 markets settle every 8 hours and 59 every 4 hours. If you hold a position through a settlement time, this payment also applies separately from trading fees. The minimum order size for BTC, ETH and SOL is 10 USDC.

Can you use it from Japan? Is KYC required?

The app loads the list of countries and regions where Orderly restricts access. As of October 19, the list covers 19 countries and regions, including the United States, Canada, Cuba, Iran, North Korea and Syria, and Japan is not on it. The app loads from Japan, and neither email registration nor identity verification (KYC) is required.

👉 Check each market's conditions on the PERPTools trading screen

PERPTools points and airdrop

PERPTools points run in seasons. Season 1 balances were finalized and saved in a snapshot at 12:00 UTC on October 2, and Season 2 began the same day.

Trades that count toward PERPTools Season 2

Season 2 points are earned by trading on Perps and Spot. Season 1 balances cannot be carried over to Tap Prediction. After the first Season 2 distribution, you play with Season 2 points.

Image: From PERPTools' official X (retrieved October 19, 2026)

Weekly allocation and distribution day

The Points page shows Season 2's weekly allocation (500,000 points) and the time remaining until the next distribution. Points are distributed automatically every Friday, with no claim required. Because each week's allocation is split among participants according to that week's eligible activity, the more participants in a week, the less each person gets. The team does not disclose the formula or weightings, as a measure against point farming.

PERPTools airdrop and token

Points earned before the TGE will be converted into tokens in a one-time pro-rata allocation, based on the final total of points and the airdrop allocation. The TGE is targeted for late Q4 2026. The token is called $PERP in the docs but $TOOLS on the app's Points page, so you will need to check any token circulating around the TGE against official announcements.

There are six allocation categories: team, investors, community and airdrop, treasury, ecosystem fund, and liquidity. Neither how many tokens one point will be worth nor the total supply and allocation percentages have been announced. Percentages and lockup periods are to be set out in a document released closer to the TGE.

Risks to know before using PERPTools

PERPTools futures are traded using deposited USDC as collateral. We could not find PERPTools' own terms of service or privacy policy on the official website or in the docs.

Leverage caps and trading for points

Maximum leverage is set per market, and only three markets, BTC, ETH and SOL, go up to 100x. Of the rest, 5 markets allow 50x, 29 allow 20x and 2 allow 5x, and 103 of the 142 markets cap at 10x. Only USDC can be used as collateral in isolated margin.

When you rack up futures volume, you bear fees and liquidation risk in USDC on the spot, while the value of points stays undetermined until the TGE. Spot, which charges no trading fees, also earns points, so there is a way to accumulate them without leverage. However, the trending and newly launched tokens you buy on Spot are highly volatile, and you bear any losses from price drops in full. And because the formula is not disclosed, you cannot compare whether Spot or Perps earns more points for the same amount.

AI Arena deposits and trading have stopped

AI Arena is a feature for building trading agents with three dials and a text prompt and running them with USDC on Solana. You can also deposit funds into other people's agents. On October 17, the team announced maintenance, stopped new deposits and agent creation, and asked users to withdraw their funds from agents within 7 days. Balances remaining after the deadline will be withdrawn automatically.

Image: Screenshot of PERPTools (captured October 19, 2026)

On October 19, the screen showed "AI Arena is now read-only. Trading and deposits have stopped." and 31 agents remained in the list. Even if you deposit for AI Arena, you cannot use it right now.

How to use PERPTools: from connecting to placing an order

All you need to get started is an EVM or Solana wallet. For each wallet, you sign an on-chain registration that creates an Orderly account, once only.

Image: Screenshot of PERPTools (captured October 19, 2026)

Open app.perptools.ai and connect an EVM or Solana wallet
Sign the first-time registration
Deposit USDC on Arbitrum or Solana
In Perps, choose a market, then set your leverage (the default shows Cross at 1x) and choose limit (Limit) or market (Market)
Set TP/SL or Reduce only (an order that can only close a position) if needed, then place the order with Buy/Long or Sell/Short
After a distribution, check your points balance on the Points Program page under Rewards

Depositing on PERPTools

Deposits to Perps accept USDC on Arbitrum or Solana. There is no minimum deposit for trading, but each market has a minimum order size, and BTC, ETH and SOL orders start at 10 USDC.

👉 Connect your wallet on PERPTools and check deposits and your points balance

Summary

PERPTools is a perp DEX you move to from DEXTools token pages, with orders matched on Orderly's shared order book. Trading now earns Season 2 points, and points earned before the TGE are expected to be converted into tokens. Both the value of points and the resumption of AI Arena are awaiting future announcements.

Sources

Disclaimer

・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.

Supervised by

Shingo Arai

CEO, Rokubunnoni Inc.

After completing a Master's degree in Management Engineering at Tokyo University of Science in 2013, Shingo Arai worked as an engineer, data scientist, and data analyst at multiple companies in the web, app, and advertising industries. He entered the cryptocurrency and blockchain space around 2017, founded Rokubunnoni Inc. in January 2018, and launched Crypto Times — a blockchain-focused media outlet — in February 2018. With approximately 9 years in the industry, his expertise spans DeFi, L1/L2 protocols, tokenomics, ZKP, and domestic/international regulatory trends. He actively conducts on-chain asset management and research. He has authored and supervised hundreds of articles, spoken at conferences in Japan and abroad, served as a DeFi investment seminar instructor, and operated KOL ambassador programs.

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