- TRADE PERPS
- Airdrop unconfirmed
- Chain: Arbitrum
What is Sushi?
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.
Sushi Airdrop Details
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.
Key Parameters:
- Airdrop Allocation: TBA
- Distribution Method: Points-based (perps trading activity)
- TGE Date: $SUSHI is already live
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.
Latest Update: Sushi Perps Season 1 points farming closes on July 31, 2026, after which accumulated points convert to SUSHI tokens. Points are earned through trading volume on Sushi Perps, with a tiered multiplier tied to the size of your trades. Your cumulative trading volume through July 31 sets your final points total and resulting SUSHI allocation.
How to Join the Sushi Points Program
Step 1: Get ETH & USDC on Arbitrum
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, or swap and bridge funds directly using the widget below.
Step 2: Go to the Sushi Perps Platform
Swap and bridge across 30+ chains without leaving this page.
Fast routes, low fees.
Opens an interactive bridge widget
Visit Sushi’s Perps page.
Step 3: Link Your Wallet
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.
Step 4: Deposit USDC and Start Trading
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.
Step 5: Monitor Points Program Updates
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.
How to Get the Most Out of Your Sushi Points
Trade Early to Get the Multiplier: The early-trader bonus lasts for the whole season. If you get active now, you’ll get a higher points rate on every trade after that. If you wait, you’ll lose that edge for the whole season.
Make trades all the time, not just once: Each trade adds points. Regular activity throughout the season will be better than one big trade, especially when the leaderboard goes live and rankings matter.
Keep an eye out for the Referral Program: The system for referrals is said to be coming soon. Once it’s live, referring active traders could really help you get more points. Make sure to check official channels before it starts so you’re ready.
Frequently Asked Questions
Conclusion
Sushi’s perps points program lets active traders build up rewards before any official announcement about a distribution. The early-trader multiplier is the best thing about this right now. It stays in place for the whole season, so the earlier you start, the more points you get over time.
Because perps trading is leveraged, make sure your positions are the right size. While you wait for Sushi’s upcoming leaderboard and referral program launches, check out our list of possible retroactive airdrops and our guide to airdrop farming for more chances.
You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
More Airdrops to Farm
Funding
$3.3M
