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PairEx
PairEx
PLPDerivatives
Audited
DeFiLlama Derivatives·$74.4 TVL·-0.67% 1h·+0.66% 24h·+10.49% 7d·1 chains

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Protocol TVL

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About PairEx

PairEx is a Decentralized Perpetual Exchange powered by the Arbitrum Network

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Security & Audits

Audited by external firms
2 audits
Audit reports
doc.pairex.io/smart-contract-audits
Price oracles
Chainlink· Primary

Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.

PairEx Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Jun 19, 2023
    Listed on DeFiLlama
  2. Mar 15, 2023
    Arbitrum Pairex Launch

Protocol Profile

PairEx is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Arbitrum. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2023.

TVL Distribution by Chain

Arbitrum
$74.4(100.0%)

Supported Chains

Arbitrum

Protocol Footprint

PairEx is a single-chain protocol, deployed exclusively on Arbitrum — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Official Resources & Links

Verified external resources for PairEx — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Project Website
pairex.io
Twitter / X — @pairex_io
twitter.com

Other Derivatives protocols on Mantapex

PairEx is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure $2.3B in deposits, giving you a frame of reference for whether PairEx's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange
Jupiter Perpetual Exchange
TVL $910.6M · 24h -0.27%
Hyperliquid HLP
Hyperliquid HLP
TVL $431.7M · 24h +0.11%
Drift Trade
Drift Trade
TVL $334.4M · 24h +0.22%
GMX V2 Perps
GMX V2 Perps
TVL $267.5M · 24h -0.08%
Extended
Extended
TVL $196.4M · 24h +0.06%
dYdX V4
dYdX V4
TVL $125.3M · 24h +0.58%
Browse all Derivatives protocols on Mantapex

Recent PairEx news

Latest reporting from major crypto news outlets covering PairEx.

Related protocols

Other DeFi protocols connected to PairEx by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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