Perp DEX Airdrop Calendar 2026
Track every perpetual DEX airdrop in one place — which points programs are still farmable right now, which tokens have an upcoming TGE, and which have already launched. Live FDV estimates come from Polymarket consensus; dates are curated and verified.
Dates marked “estimated” are best-effort projections — always confirm on the venue’s official channels before a snapshot.
Farmable Now
Points programs actively running — start farming before the snapshot to qualify for the airdrop.
01.xyz runs an invite-only points-farming program on the N1 chain since its 3 Feb 2026 mainnet, with no token or airdrop yet confirmed.
- Season
- Phase 1
- TGE
- Aug 1, 2026(estimated)
- Est. FDV
- $150M
Nado is a spot+perp CLOB DEX on Kraken's Ink L2; weekly points are expected to convert to the Ink chain's $INK token at a TGE estimated around Q3 2026.
- TGE
- Aug 1, 2026(estimated)
- Est. FDV
- $200M
Variational (RFQ-based Omni perp DEX) has run Omni Points farming since 17 Dec 2025 with ~50% of $VAR committed to community; TGE estimated Q3-Q4 2026.
- Season
- Omni Points
- TGE
- Nov 1, 2026(estimated)
- Airdrop %
- 50%
- Est. FDV
- $1.1B
Bullpen is a unified trading terminal (co-founded by Ansem) routing perps to Hyperliquid and Solana tokens to Jupiter; its points program has run since May 2025 (now Season 3, ~70M of 100M points left) with the $BULL ticker reserved on Hyperliquid, no token confirmed.
- Season
- Season 3
- TGE
- TBD(rumored)
- Est. FDV
- $150M
Dreamcash is a Tether-backed mobile-first HIP-3 perp app on Hyperliquid; Season 1 awards XP plus weekly USDT to CASH HIP-3 traders, no token confirmed.
- Season
- Season 1
- TGE
- TBD(rumored)
- Est. FDV
- $114M
Extended runs a weekly points-farming program on StarkNet with no token yet; a points-based airdrop is expected around H1 2026.
- Season
- Points Program
- TGE
- Expected H1 2026(estimated)
- Est. FDV
- $538M
Hibachi (ZK privacy perp DEX) is still farming via its weekly Playoffs points season; ticker rumored as $HEAT with no TGE date confirmed.
- Season
- Playoffs
- TGE
- TBA(rumored)
- Airdrop %
- 20%
- Est. FDV
- $300M
HyENA is a USDe-margined HIP-3 perp DEX on Hyperliquid (Ethena-integrated, mainnet 9 Dec 2025) distributing weekly points that convert into Ethena Points.
- TGE
- TBD (converts to Ethena Points)(rumored)
- Est. FDV
- $150M
Pacifica remains pre-TGE, running a Solana points program since 4 Sep 2025 with no token or TGE date announced.
- Season
- Season 1
- TGE
- TBA(rumored)
- Est. FDV
- $388M
Perpl is a Monad CLOB perp DEX running Season 1 points farming from 10 Jun 2026, with no token or airdrop date confirmed.
- Season
- Season 1
- TGE
- TBD(rumored)
- Est. FDV
- $300M
RISEx is in public testnet on RISE Chain (Ethereum L2) with faucet/volume points and invite-only private mainnet access; tokens promised at a future, undated TGE.
- TGE
- Expected after mainnet (2026)(estimated)
- Est. FDV
- no consensus market yet
StandX is a multi-chain orderbook perp DEX built around the yield-bearing DUSD stablecoin; active points program, governance token still pre-TGE.
- Season
- Mainnet Campaign
- Est. FDV
- $792M
Upcoming / Estimated TGE
Token generation events announced or expected. Farming may have closed; the token is on the way.
Reya Network (ex-Voltz perp L2) ran a CoinList sale in Nov 2025; ~45% of REYA supply is earmarked for community via weekly Reya Chain Points.
- Season
- Reya Chain Points
- TGE
- Nov 1, 2025(estimated)
- Airdrop %
- 45%
- Est. FDV
- $146M
GRVT confirmed a 1B $GRVT supply with the community airdrop raised to 28%; Rewards Season 2.0 closes 30 Jun 2026 with TGE scheduled for Q3 2026.
- Season
- Season 2.0
- Snapshot
- Jun 30, 2026
- TGE
- Aug 1, 2026(confirmed)
- Airdrop %
- 28%
- Est. FDV
- no consensus market yet
Ethereal is an Ethena-built perp DEX using USDe as collateral; Season Zero farming has ended with TGE pending and 15% of supply allocated via Ethena.
- Season
- Season Zero
- TGE
- Expected 2026 (post-mainnet)(estimated)
- Airdrop %
- 15%
- Est. FDV
- $228M
Completed
Tokens already launched and airdrops distributed — kept for reference and precedent.
edgeX completed its EDGE token TGE on 31 Mar 2026 (migrated to EDGE Chain), airdropping 25% of the 1B supply to points and NFT holders.
- Season
- Pre-TGE Season
- TGE
- Mar 31, 2026(confirmed)
- Airdrop %
- 25%
- Est. FDV
- no consensus market yet
Backpack launched its BP token on Solana on 23 Mar 2026, airdropping 25% of the 1B supply with no insider allocation.
- TGE
- Mar 23, 2026(confirmed)
- Airdrop %
- 25%
- Est. FDV
- no consensus market yet
Paradex launched its DIME token via a Genesis Airdrop on 5 Mar 2026, with 25% of supply distributed to XP holders.
- TGE
- Mar 5, 2026(confirmed)
- Airdrop %
- 25%
- Est. FDV
- no consensus market yet
LIT launched on 30 Dec 2025, distributing 25% of supply directly to Points Season 1 and 2 holders with no claim or vesting.
- Season
- Season 1 & 2
- TGE
- Dec 30, 2025(confirmed)
- Airdrop %
- 25%
- Est. FDV
- no consensus market yet
ASTER launched as a BEP-20 token on 17 Sep 2025 with 53.5% of supply earmarked for community and airdrops.
- TGE
- Sep 17, 2025(confirmed)
- Airdrop %
- 53.5%
- Est. FDV
- no consensus market yet
HYPE launched on 29 Nov 2024 with a 310M-token airdrop (31% of supply) to over 90,000 early users — the largest perp-DEX airdrop precedent.
- TGE
- Nov 29, 2024(confirmed)
- Airdrop %
- 31%
- Est. FDV
- no consensus market yet
Orderly launched its ORDER token on 26 Aug 2024, with 'Road to the Order' Merits claimable as an airdrop afterward.
- TGE
- Aug 26, 2024(confirmed)
- Est. FDV
- no consensus market yet
APEX is a long-lived ERC-20 token on Arbitrum, fully unlocked as of 2026, with staking, governance and buyback-and-burn.
- TGE
- 2021(confirmed)
- Est. FDV
- no consensus market yet
DYDX has been live for years and now runs on the dYdX Chain (v4), with most supply unlocked as of 2026.
- TGE
- 2021(confirmed)
- Est. FDV
- no consensus market yet
How this calendar works
- •Live FDV figures are pulled hourly from Polymarket prediction-market consensus on each token’s fully-diluted valuation after launch — not our guesses.
- •Points-program status and native-token data refresh automatically from exchange research and our funding pipelines.
- •Exact TGE and snapshot dates are curated from official venue announcements (sources linked per row) and re-verified weekly; venues whose TGE has passed move to Completed automatically.
- •We never invent per-user payouts — use the Points Calculator to estimate what your points are worth.
Frequently asked questions
Which perp DEX airdrops can I still farm in 2026?
The “Farmable Now” section above lists every perpetual DEX with an active points program you can still earn before its snapshot — including pre-TGE venues like Pacifica, Variational, Ethereal and others. The list updates as programs open and close.
What is a snapshot date and why does it matter?
A snapshot is the moment an exchange records eligible wallets and points balances for its airdrop. Activity after the snapshot usually does not count, so farming before that date is what determines your allocation.
How is the estimated FDV calculated?
Estimated FDV reflects the Polymarket prediction-market consensus on each token’s fully-diluted valuation shortly after launch, computed from live market probabilities. It refreshes hourly and is a market estimate, not a guarantee.
How do I estimate the dollar value of my points?
Use the ORBIT Points Calculator: enter your points balance per venue and it multiplies by the consensus FDV and airdrop allocation to estimate a dollar value. The calendar links to it from each farmable venue.
Can I earn funding while farming an airdrop?
Yes — that is the core ORBIT idea (Combined APR). You can run a delta-neutral funding-rate arbitrage position on a venue while simultaneously farming its points. Open the screener from any farmable row to see live spreads.