Key Metrics
Cumulative Fees$512,427
Cumulative Fees by chain
Arbitrum$512,427
Cumulative Revenue$512,427
Cumulative Revenue by chain
Arbitrum$512,427
Cumulative Perp Volume$743.47m
Cumulative Perp Volume by chain
Arbitrum$743.47m
Protocol Information
Pear Protocol is a decentralized trading platform that streamlines pair-trading of cryptocurrencies by enabling simultaneous leveraged long and short positions in a single on-chain transaction, integrating with multiple trading engines (e.g., GMX, Vertex, SYMM) to provide liquidity-agnostic trading
Audits:
Methodology
Fees: Trading fees paid by users on Pear's legacy Arbitrum engine. After 2026-05-27, Hyperliquid and Lighter fees are tracked by pear-interface.View code on GitHubRevenue: All fees are retained by Pear, split between the protocol treasury and token holders, so revenue equals fees.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Pear Perps history
Fees and revenue by UTC calendar month, Sep 2024 to May 2026
| Month | Fees | Revenue |
|---|---|---|
| Sep 2024 | $43,175 | $43,175 |
| Oct 2024 | $106,225 | $106,225 |
| Nov 2024 | $57,629 | $57,629 |
| Dec 2024 | $60,560 | $60,560 |
| Jan 2025 | $64,011 | $64,011 |
| Feb 2025 | $35,014 | $35,014 |
| Mar 2025 | $7,741 | $7,741 |
| Apr 2025 | $7,956 | $7,956 |
| May 2025 | $10,380 | $10,380 |
| Jun 2025 | $12,824 | $12,824 |
| Jul 2025 | $4,205 | $4,205 |
| Aug 2025 | $2,089 | $2,089 |
| Sep 2025 | $4,287 | $4,287 |
| Oct 2025 | $7,464 | $7,464 |
| Nov 2025 | $23,268 | $23,268 |
| Dec 2025 | $1,295 | $1,295 |
| Jan 2026 | $3,261 | $3,261 |
| Feb 2026 | $11,125 | $11,125 |
| Mar 2026 | $10,946 | $10,946 |
| Apr 2026 | $11,383 | $11,383 |
| May 2026 | $27,589 | $27,589 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pear-perps
Frequently asked questions
What chains does Pear Perps operate on?
Pear Perps operates on Arbitrum.
How does Pear Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Pear Perps ranks #341 by TVL. The category holds $1.971b across 426 protocols, and Pear Perps accounts for 0% of that total. Similar protocols include GMX EVM, AZverse Perps, Apex Omni, Aevo Perps, MUX Perps, Antarctic, Gains Network, Contango V2, Ostium, and Evedex.