Compare the margin requirements, funding rates, and insurance fund depths of the top three perpetual swap DEXs operating in the current regulatory environment.
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
Compare the margin requirements, funding rates, and insurance fund depths of the top three perpetual swap DEXs operating in the current regulatory environment.
4 real searches · 1 real-search pass
top perpetual DEXs by trading volume October 2026 Hyperliquid Lighter dYdX funding rates margin insurance fundGoogle ↗
OBSERVED
Hyperliquid documentation margin maintenance margin funding rate insurance fund size 2026Google ↗
OBSERVED
Lighter perpetuals documentation margin funding rate insurance fundGoogle ↗
OBSERVED
dYdX v4 documentation margin funding rate insurance fund sizeGoogle ↗
OBSERVED
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classifying 4 queries…
Searches and sources
ChatGPT4 real searches · gpt-6
top perpetual DEXs by trading volume October 2026 Hyperliquid Lighter dYdX funding rates margin insurance fund Google ↗
Hyperliquid documentation margin maintenance margin funding rate insurance fund size 2026 Google ↗
Lighter perpetuals documentation margin funding rate insurance fund Google ↗
dYdX v4 documentation margin funding rate insurance fund size Google ↗
- Perp DEX Report: Hyperliquid vs Lighter vs Variational · castlelabs.io
- Perp DEX rankings: every perpetual DEX by open interest, volume & growth (2026) · perpsatlas.com
- Margin tiers · hyperliquid.gitbook.io
- Liquidations · docs.asterdex.com
- Auto-Deleveraging (ADL) · docs.asterdex.com
- Margin · docs.variational.io
- Understanding Cross Margin · help.variational.io
- What is the maximum leverage on Omni? · help.variational.io
- Perp DEX funding rates live: Hyperliquid vs Lighter vs Aster · perpys.com
- Every Perp Funding Rate in One Place: 3,774 Markets, 11 Exchanges · perpspec.com
- Variational RWA Perps Dashboard & Analytics · defillama.com
- The Omni Liquidity Provider (OLP) · docs.variational.io
- Hyperliquid HLP Protocol TVL, Revenue, & Fees · defillama.com
- Hyperliquid Vaults · hyperkeel.com
- Policy Statement Concerning the Listing of Perpetual Contracts · thefederalregister.org
- Commission Staff Confirms the Categorization of Certain Crypto Asset Perpetuals as Foreign Futures and Issues No-Action Letter Regarding FCM Transfers of Customer Crypto Assets to Foreign Brokers as Margin · cftc.gov
- Hyperliquid seeks US foothold through Kraken parent Payward in crypto perpetuals deal: Bloomberg · theblock.co
- Hyperliquid Breaks the Mold · research.grayscale.com
Queries
4 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
top perpetual DEXs by trading volume October 2026 Hyperliquid Lighter dYdX funding rates margin insurance fund OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
Hyperliquid documentation margin maintenance margin funding rate insurance fund size 2026 OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
Lighter perpetuals documentation margin funding rate insurance fund OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
dYdX v4 documentation margin funding rate insurance fund size OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 |