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Sushi is a decentralised exchange that works on many chains and lets you swap tokens, provide liquidity, trade perpetuals, and farm yields. It started in August 2020 and has since grown into one of DeFi’s longest-running protocols, working on dozens of chains and processing billions of dollars in total volume.
Sushi’s perpetuals platform lets traders take leveraged positions on major assets in addition to spot trading. As of April 2026, perps activity now earns points. The protocol has raised $3.3 million from investors like DeFiance Capital, Blockchain Capital, and Astronaut Capital. This makes it more likely that it will last in a crowded DEX market.
The current perps program runs on Arbitrum, which gives traders a fast, cheap place to trade with leverage and earn points at the same time.
No airdrop has been officially confirmed by the Sushi team. The active points program could lead to rewards or incentives, but the details of how they will be given out have not been made public yet. This guide covers participation in the live program — whether rewards materialize will depend on future announcements.
Every perpetuals trade on Sushi earns points, with an early-trader multiplier that applies for the entire current season. As of early April 2026, there are “coming soon” announcements for leaderboards, a points dashboard, and a referral program. At this point, there are no other confirmed task types besides perps trading.
To pay for gas and margin, you’ll need an EVM-compatible wallet (such as Rabby) with a small amount of ETH on Arbitrum and some USDC for your trading capital. If you need to, buy ETH from Binance and withdraw it to your wallet via the Arbitrum network.
Visit Sushi’s Perps page.
To connect your wallet, click on “Connect Wallet” and choose your wallet provider. Accept the request to connect and make sure you’re on the Arbitrum network.
Choose a trading pair, set your leverage and position size, and then put down a deposit. Check your wallet to see if the transaction went through. Each trade you make earns points toward Sushi’s rewards program, with the early-trader multiplier added.
Leaderboards, a points dashboard, and links to refer friends are all confirmed to be coming soon. To keep track of your points balance and get new tools as they become available, follow Sushi on X and check sushi.com often.