🟣 A Friendly Guide to Farming DEX Perps Airdrops
Hyperliquid started the trend. Aster lit the spark.
The DEX Perps race is officially on, and farmers are the big winners.
In this thread, we break down the top upcoming DEX Perp airdrops you should be farming 👇

◻️ Preamble
2025 has been a turning point for DEX Perps.
The sector now handles hundreds of billions in monthly trading volume, as traders migrate from CEXs to on-chain alternatives.
Hyperliquid set the pace, while competitors spent months building in the shadows, until Aster ignited the long-awaited battle.
A battle among dozens of DEX Perps, all with one goal: to dethrone the leader, or at least capture a share of its market.
And to achieve that, they’re ready to do whatever it takes, including distributing millions of dollars in airdrops to win over users.
In moments like this, one thing is certain: the users always win.
If you haven’t started farming since our first guide (July 2025), it’s time to click some buttons 👇
◻️ Our Farming Strategy
Farming DEX Perps can be risky (especially for beginners) and costly in fees.
Our approach to maximizing volume while minimizing losses is simple: a delta-neutral (hedged) strategy + funding rate farming.
◾️ Open a long on one DEX
◾️ Open a short of equal size on another DEX
◾️ Capture funding rates
◾️ Generate volume while staying market-neutral
This lets you farm multiple airdrops at once, without direct exposure to volatility.
Even better, funding rate yields can often cover your fees or make you profitable.
To identify the best opportunities, we recommend using the tool developed by @ilyessghz2, which tracks the most profitable funding rate setups across top DEX Perps.
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