How we pick, rank and grade venues

This page explains the rules behind the tables on this site, so you can judge how far to trust a row and reproduce the ranking yourself. It covers the selection rules, the sort order, the paid-relationship disclosure, the evidence grades and the limits of what we check.

Last updated . Dataset read 2026-10-20; each row carries its own check date.

In short. Venues are included by one numeric rule, sorted by a fixed three-step order, and graded on how directly their own site or docs support the leverage number. The one exception to the sort order is a disclosed partner.

Who gets listed

The source is a research dataset of perpetual-futures projects. We only look at entries categorised as venue, which leaves out infrastructure, analytics, aggregators, copy-trading and other tooling. From those we keep the ones whose recorded maximum leverage reaches the cut-off:

Entries with no recorded leverage figure are left out rather than guessed. A venue's status (live, beta or unverified) is recorded but does not remove it from the list; it changes where the row sits and how it is graded. Rows with status unverified (5 of the 25 in the 100x list) are separated into their own table on the home page.

Sort order

  1. The disclosed partner row, if present (see below).
  2. Maximum leverage, highest first.
  3. Evidence grade, verified before limited.
  4. Name, alphabetically, as the final tiebreak.

There is no scoring formula, traffic data or fee weighting. Ties are common at the top because several venues list the same 1000x or 1001x figure, so the order among them says little about quality.

Featured and the partner relationship

This site is operated in partnership with LeverUp. Its row is placed first and labelled Featured, and the site links to its app with tracking parameters. We keep that placement separate from the grading: the evidence badge on that row is computed by the same rule as every other row. Its guide, 1001x leverage, cites only the venue's public documentation and app.

Evidence grades

Each row is given one of two grades by a fixed rule:

10 of the 25 rows in the 100x list are currently Limited. The grade describes how checkable the headline number is, not whether the venue is trustworthy, solvent or regulated. Every row also shows the evidence note itself and, on the guide, a link to the venue so you can check it directly.

Recheck schedule

Rows are rechecked against the venue's own site or documentation and the date is stored with the row. The current dataset spans 2026-10-14 to 2026-10-18. Our target is to revisit each row at least once a month and sooner after a venue announces a change; the target is not a guarantee, which is why the date is printed on every row. The "Last updated" date at the top of a page only says when the page text or build last changed.

How the leverage examples are computed

Worked examples use a fixed Bitcoin price of $60,000 as an illustration, not a quote. Two liquidation conventions are shown because venues differ:

Generic: move to liquidation = 1/L − MMR, with MMR = min(0.5%, 0.5/L)
Margin-loss rule: move to liquidation = 0.8/L (liquidated once 80% of margin is lost)
Example as of 2026-10-20; fees, funding and slippage ignored.
LeverageMargin on $10,000Generic moveBTC move80% rule moveBTC move
100x$100.000.500%$300.000.800%$480.00
500x$20.000.100%$60.000.160%$96.00
1000x$10.000.050%$30.000.080%$48.00
1001x$9.990.050%$29.970.080%$47.95

Margin is notional divided by leverage. The numbers are produced by the same functions as the liquidation price calculator, so the two sites agree. Fee examples multiply a per-side fee rate by leverage and by two for the round trip.

What we do not verify

Before you trade, confirm the cap on the venue's trade ticket for your market, read its liquidation rules and start with a small position. The high-leverage risk guide shows how to size from risk instead of from the headline number.

Frequently asked questions

What counts as a venue on this site?

A perpetual-futures trading venue from our research dataset (category venue) whose recorded maximum leverage meets the threshold of the table: 500x for the home page, 100x for the highest-leverage guide.

Is LeverUp ranked first because of a partnership?

LeverUp is pinned to the top of the home table as Featured because this site is operated in partnership with it. The Featured label is shown on the row. Every other row is ordered by maximum leverage, then evidence grade, then name.

What does Limited mean?

Limited means the leverage claim is harder to verify: the venue is not marked live, or the evidence note relies on press coverage, a page title, an empty page or third-party listings. It is not a statement that the venue is unsafe.

How often are rows rechecked?

Each row shows the date it was last checked. In the current dataset those dates run from 2026-10-14 to 2026-10-18. Our aim is to revisit every row at least monthly; treat any older date as a reason to confirm on the venue.