i've dug through @stacy_muur guide and filtered 8 perp dexes worth farming based on volume OI and fee economics:

@paradex - starknet appchain. $220M TVL (6x growth). $36B monthly volume. season 2 live distributing 4M XP weekly. I'm trading + providing vault liquidity

@edgeX_exchange - transitioning to EDGE chain. $84B monthly volume. pre-TGE season launched jan 7. spot gives 3x XP multiplier and holding $MARU for boost

@grvt_io - zkync L3. $38B monthly volume. rewards 2.0 emphasizes open interest weighting. I'm maintaining positions not just churning volume

@extendedapp - ex-revolut team on starknet. $37B monthly. 1.2M points weekly. providing LP for 20% bonus APY

@pacifica_fi - solana hybrid. closed beta but doing $840M daily. consecutive trading bonus up to 23%. I'm farming streak multiplier

@reya_xyz - modular L2 with shared liquidity. staking for srUSD (4.8% APY) plus loyalty points. trading gets highest allocation

@variational_io - loss refunds on arbitrum. refunded $3M trader losses. I'm using this for riskier trades knowing downside is cushioned

@nadoHQ - kraken's ink L2. private alpha ended. waiting for open beta. early users get INK airdrop

strategy = funding rate arbitrage
- open long on one dex short on another
- hedge price risk
- capture funding rates
- generate volume for points
- break even or profit while farming

example:
$10k BTC long + $10k BTC short. funding +0.01% every 8h.
- earn $3 daily regardless of BTC direction

risks I'm managing:
- liquidation on short leg (using stop loss)
- funding flipping negative (monitoring constantly)
- avoid high leverage (staying 5-10x max)

tools:
- @LorisTools for funding rate aggregation
- @fundingviewapp for historical profitable pairs
- @dextrabot for automated delta-neutral strategies

https://x.com/arndxt_xo/status/2016184056690704766