Note: All turnover, price, funding and open interest figures are ApeX Omni order book data covering the 24 hours to approximately 08:30 UTC on 4 October 2026. Range and percentage figures are calculated from daily closes since 7 June 2026. Campaign mechanics are as published by ApeX Omni on the campaign page. Markets move continuously and all figures will differ by the time you read this.
The 5 Perps Everyone Is Trading in the Daily Check-In
The Daily Trading Check-In opened on October 3 at 00:00 UTC and runs through October 10. The mechanic is the simplest one ApeX has run: trade at least 5,000 USDT in perpetual volume inside a single UTC day and you earn a 10 USDT Perpetual Trading Bonus for that day. Volume resets at midnight UTC and does not roll over, so each day has to be earned on its own. The pool is 3,000 USDT, daily allocation is limited, and it goes first come, first served.
That means eight separate check-ins are available across the campaign window, and the question most traders are actually asking is a practical one: what should I be trading?
So rather than guess, we measured it. Across all 86 live perpetual contracts on ApeX Omni, here is where the money actually went in the campaign's opening twenty-four hours.
One number dominates everything else. Bitcoin accounted for 89.7% of all perpetual turnover on the exchange. Not the majority. Not a large share. Almost nine out of every ten dollars.
The top five contracts together took 92.2%. The remaining eighty-one perpetuals split 7.8% between them.
All figures are ApeX Omni order book data covering the 24 hours to 08:30 UTC on 4 October 2026.
1. Bitcoin is not the most traded market. It is almost the only one.
BTC-USDT, $85,047.10, up 0.60% on the day, 100x maximum leverage
$365,730,663 of turnover in 24 hours. The next largest perpetual did $7.07 million.
To put the gap in proportion, Bitcoin did roughly fifty-two times the volume of Ethereum, and close to nine times the turnover of all eighty-five other perpetual contracts added together. If you are looking for the market where your order will be absorbed without moving the price, the search ends here.
The price action supports the attention. Bitcoin is up 0.73% over the past seven days and 6.82% over thirty, and at $85,047.10 it sits at 94.5% of its trading range since early June, a range whose floor was $58,610.60 on June 30. This is a market close to the top of its recent band, not one grinding along the bottom.
Funding is the other reason this is the default check-in trade. It is currently negative at -0.00021%, meaning shorts are paying longs, and it is the lowest funding rate of any contract in the top ten. Combined with 100x maximum leverage, a 5,000 USDT position requires roughly 50 USDT of margin.
Why it moves this week: it is the most macro-sensitive asset on the board, and this is a macro-heavy week.
2. Ethereum is the only other contract with 100x
ETH-USDT, $2,699.47, up 0.74% on the day, 100x maximum leverage
$7,070,556 of turnover, 1.73% of the perpetual total. Second place, and it is not close to first.
Ethereum matters here for a structural reason rather than a volume one. Bitcoin and Ethereum are the only two markets on the entire exchange offering 100x, and we checked all 126 live contracts to confirm it. That halves the margin needed to clear a 5,000 USDT check-in compared with every other market on this list: roughly 50 USDT at 100x against 100 USDT at the 50x available elsewhere in the top five.
On a thirty-day view Ethereum has actually outrun Bitcoin, up 10.02% against Bitcoin's 6.82%, though the past seven days have been flat at plus 0.49%. It sits at 93.8% of its range since June against a $1,566.67 floor set on June 25. Funding is 0.00039%, still cheap, and positive where Bitcoin's is negative.
Why it moves this week: the same macro calendar as Bitcoin, with a higher beta to it.
3. Solana is the strongest performer of the top five
SOL-USDT, $120.99, up 1.59% on the day, 50x maximum leverage
$1,119,656 of turnover, 0.27% of the total. Third place, and the first genuine drop in liquidity, roughly one three-hundredth of Bitcoin's volume.
What earns Solana its place is momentum rather than size. It is up 18.80% over the past thirty days, the strongest of the five after NEAR, and at $120.99 it sits at 98.2% of its range since June, the highest positioning on this list. Its range floor was $63.16 on June 10, so the contract has close to doubled in under four months and is trading within a couple of dollars of the $122.06 high set on September 25. Over the past seven days it has gone slightly backwards, down 0.74%.
That combination matters for a volume campaign. A market pressed against the top of its range either breaks out or rejects, and both outcomes produce the kind of movement that makes a position worth holding rather than opening and immediately closing.
Funding is 0.00112%.
Why it moves this week: it is the highest-beta large cap of the five and the closest to a technical decision point.
4. NEAR has more than doubled in a month
NEAR-USDT, $4.784, up 2.11% on the day, 50x maximum leverage
$879,167 of turnover, 0.22% of the total, and by far the most interesting chart on this list.
NEAR is up 119.95% over the past thirty days. Not twelve percent. One hundred and twenty. Its range since June runs from $1.586 on August 18 to $5.377 on September 27, which means the contract more than tripled off its floor inside about six weeks before pulling back to the $4.78 area where it trades now.
It is also down 11.03% over the past seven days, the sharpest pullback in the top five by a wide margin, which tells you the move has stopped rather than merely paused. At 84.4% of its range it is the least extended of the five, with more room below it than Solana or Bitcoin have.
Open interest sits at 60,974 contracts, more than three times Solana's 19,054, so traders are not merely passing through this market, they are holding positions in it.
Why it moves this week: a contract that has doubled and then stalled is a contract where the next directional move tends to be decisive.
5. XRP carries the deepest positioning of the five
XRP-USDT, $1.4981, up 1.13% on the day, 50x maximum leverage
$846,874 of turnover, 0.21% of the total, and the flattest thirty-day chart in the group: up 7.13%, against Ethereum's 10.02% and NEAR's 119.95%. Over seven days it is down 1.15%, and it sits at 87.2% of its range since June.
The number that stands out is open interest. XRP carries 1,215,526 contracts of open interest, roughly twenty times NEAR's and sixty times Solana's. Adjusted for its price, that is a very large volume of capital committed to positions in a market generating comparatively modest daily turnover.
That combination, high open interest against moderate turnover, describes a market where positions are being held rather than traded. For a daily check-in that is a double-edged observation: it is a liquid, stable place to clear volume, but it is also the contract on this list least likely to reward you for staying in it.
Funding is 0.00125%, the highest of the top five and the joint-highest of the top ten.
Why it moves this week: large open interest means that when it does move, the positioning behind it amplifies the move.
One pattern worth noting across all five. On a thirty-day view every one of them is higher. On a seven-day view, three of the five are lower: Solana by 0.74%, XRP by 1.15% and NEAR by 11.03%. The board has been grinding sideways-to-down for a week inside a month that was strongly positive, which is the kind of consolidation that tends to resolve rather than persist.
The second-biggest market on ApeX is not a cryptocurrency
Worth knowing if you have only been looking at the crypto board: across every live market on the exchange, the second-largest by turnover was Apple, at $10,613,752.
That is more than Ethereum did. A tokenised stock perpetual out-traded the second-largest cryptocurrency by roughly 50%, on a Saturday, with US equity markets closed.
One note before you act on that. The campaign terms specify volume on eligible Perpetual contracts without defining which contracts are eligible, and ApeX lists tokenised stock contracts as a separate product group from crypto perpetuals in its own API. The campaign page does not address the question either way. If you intend to clear your daily 5,000 USDT on a stock contract rather than a crypto one, check with ApeX support before relying on it counting.
Where the volatility actually was
The top five are where the liquidity is. They are not where the movement was.
Among perpetuals doing more than $300,000 in daily turnover, the largest moves came from much further down the board:
Contract | 24h move | Turnover | 24h range |
|---|---|---|---|
PUMP-USDT | +16.40% | $723,284 | $0.00544 to $0.00659 |
ZRO-USDT | +12.68% | $809,480 | $1.757 to $2.142 |
S-USDT | +11.11% | $521,008 | $0.0378 to $0.0440 |
USELESS-USDT | +10.88% | $600,143 | $0.2188 to $0.2461 |
MON-USDT | +10.09% | $599,717 | $0.03085 to $0.03542 |
ZK-USDT | +8.24% | $546,175 | $0.01223 to $0.01370 |
SKY-USDT | +7.27% | $641,998 | $0.08729 to $0.09799 |
Every one of these moved more in a day than Bitcoin, Ethereum, Solana, NEAR and XRP moved combined, which came to 6.17%. ZRO alone did $809,480 of turnover, which placed it sixth on the main list, just behind XRP.
The trade-off is the obvious one. These books are a fraction of the depth of the top five, so size that is invisible in Bitcoin will move the price in PUMP. They are a good place to find movement and a poor place to hide a large position.
5,000 USDT of volume is less capital than you think
The most common misreading of a volume target is treating it as a capital requirement. It is not.
5,000 USDT is a notional position size. What it costs you in margin depends entirely on leverage:
Leverage | Margin for a 5,000 USDT position |
|---|---|
100x (BTC, ETH only) | about 50 USDT |
50x (SOL, NEAR, XRP) | about 100 USDT |
25x | about 200 USDT |
10x | about 500 USDT |
The daily check-in threshold is therefore reachable on a position whose margin is a small fraction of the 10 USDT reward it unlocks, and the 10 USDT bonus on a 50 USDT margin commitment is a return that has nothing to do with whether the trade itself wins.
Two cautions, because that arithmetic cuts both ways. Higher leverage means a smaller adverse move liquidates the position, and a liquidation costs far more than the bonus is worth. And rewards are capped daily and allocated first come, first served, so a check-in completed late in the UTC day may find the allocation already gone.
What is left in the campaign week
The campaign runs to October 10, which leaves several more check-ins on the table. It also coincides with a dense macro calendar, which is the reason ApeX scheduled it for this week.
The September non-farm payrolls report landed immediately before the campaign opened, and its effect on rate expectations tends to persist for days rather than hours. PMI readings give an early read on whether growth is cooling or holding. And the minutes from the Federal Reserve's September meeting are due during the campaign window, which markets will read closely for any signal about the next move on rates.
Bitcoin and Ethereum respond to all of it, which is convenient, because they are also the two contracts offering 100x and therefore the cheapest places to clear a daily check-in.
Trade it
The Daily Trading Check-In is live on ApeX Omni until October 10 at 24:00 UTC.
Register. Click Register on the campaign page. Registration opened October 2 at 10:00 UTC.
Trade perpetuals. Reach at least 5,000 USDT in perpetual volume inside a single UTC day.
Earn 10 USDT. Each successful daily check-in pays a 10 USDT Perpetual Trading Bonus, subject to daily availability.
Total pool 3,000 USDT. Daily volume resets at 00:00 UTC with no carry-over. Rewards are limited each day and distributed first come, first served, so completing your check-in early in the UTC day matters. Bitcoin and Ethereum offer up to 100x leverage; every other market on this list is 50x. Full rules, eligibility and terms are on the campaign page.
🏆 Register & Join: https://omni.apex.exchange/trade/BTCUSDT?reg=K286RPH7
📖 Learn More: https://www.apex.exchange/blog/detail/daily-trading-check-in-oct-2026
We appreciate your continued support.
Published by ApeX. For informational and educational purposes only. Not investment advice. Trading involves risk, including total loss. Leveraged trading carries additional risk of liquidation.
