> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ryft.market/llms.txt
> Use this file to discover all available pages before exploring further.

# Supported exchanges

> Eight perpetual venues integrated — four live for trading today, four aggregated for pricing while their execution path is finished.

ryft integrates **eight** perpetual venues, and the app labels each one **LIVE** or **SOON**. The
difference matters: **live** means you can open and close positions there today, **soon** means ryft
reads prices, funding and depth from it to find you the best number, but doesn't route orders there
yet.

<Frame caption="The venue grid on [the Markets page](https://www.ryft.market/markets) — the live status shown here is the source of truth.">
  <img src="https://mintcdn.com/ryft-5694ff9b/0UP8BldJg1umuLsB/images/markets-venues.png?fit=max&auto=format&n=0UP8BldJg1umuLsB&q=85&s=1621cb80ca5b0fba89b6dc9becc2923c" alt="ryft Markets page showing four venues marked LIVE (Hyperliquid, Aster, Pacifica, Phoenix) and four marked SOON (GRVT, edgeX, Variational, Lighter)" width="2880" height="1400" data-path="images/markets-venues.png" />
</Frame>

<Note>
  **Why we keep them separate.** Showing you a price on a venue we can't actually fill is worse than
  not showing it, because you'd commit to a number we couldn't honour.
</Note>

## Live today

<Check>Four venues — ryft routes real orders to these right now.</Check>

| Exchange        | Chain             | Model      | Funding your position             |
| --------------- | ----------------- | ---------- | --------------------------------- |
| **Hyperliquid** | Arbitrum → own L1 | Order book | Bridged from Solana (\~25s)       |
| **Aster**       | BNB Chain         | Order book | Bridged from Solana (\~57s)       |
| **Pacifica**    | Solana            | Order book | Direct deposit — no bridge (\~8s) |
| **Phoenix**     | Solana            | Order book | Direct deposit — no bridge (\~5s) |

Because ryft's deposit pool lives on Solana, the two Solana-native venues are fastest to fund —
nothing crosses a bridge. You never do this manually; it's what the trade preview means by **cold**
vs **warm**.

## Coming soon

<Info>Four venues — aggregated for pricing and funding today, tradeable once their execution path is proven end-to-end.</Info>

| Exchange        | Chain      | Model                            | Status      |
| --------------- | ---------- | -------------------------------- | ----------- |
| **Lighter**     | ZK rollup  | Order book                       | Coming soon |
| **GRVT**        | own zk L2  | Hybrid order book                | Coming soon |
| **edgeX**       | StarkEx L2 | Order book                       | Coming soon |
| **Variational** | Arbitrum   | **RFQ** — quotes, no public book | Coming soon |

These still earn their place: their prices and funding rates feed the comparison that picks your
venue, and they appear in [cross-venue analytics](/features#cross-venue-analytics). They just aren't
order destinations yet.

<Tip>
  Venue status and the current market count per venue are live on
  [ryft.market/markets](https://www.ryft.market/markets). That page is authoritative — if it disagrees
  with this one, trust it.
</Tip>

## Why route across venues at all

Three reasons, and they compound:

* **Price.** The best bid and the best ask are often on different exchanges. A consolidated book sees
  both.
* **Depth.** A size that would walk three levels down one venue's book might take only the top level
  on each of two venues. Splitting means a better average fill.
* **Funding.** Rates differ, sometimes a lot, for the identical market. Holding a long overnight, the
  venue that pays least funding matters as much as the best entry price.

## About the RFQ venue

Variational works differently: there's no public order book. You request a quote for a specific size,
a liquidity provider quotes a price, and you accept or walk away. It charges **no maker or taker
fee** — the cost is in the spread. ryft folds these quotes into the same comparison as order-book
venues, so an RFQ price competes on an all-in basis.