Sup everyone, today we’re going back on Extended to explore the different farming strategies to gain more points for the new Hyperliquid with an airdrop campaign going on, while also saving money and avoiding unnecessary trading losses.
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Why Farm on Extended ?
I wrote an article about why I’m very bullish on Extended, but to summarize : it’s a perpetual DEX like Hyperliquid, with the added possibility of trading traditional assets such as the S&P 500, Crude Oil, and even Forex pairs like EUR/USD.
It’s backed by a crypto-native team, including former Revolut crypto operations experts (including the founder), and even has Revolut as an investor.
Like Hyperliquid, they’ve launched a points program ahead of their token release. It’s very likely to lead to an airdrop similar to Hyperliquid’s, which proved highly successful.
Farming Points
The points program started 12 weeks ago (as of this writing). Every Tuesday at 00:00 UTC, points are distributed.
While the exact formula remains a secret, based on what I’ve seen and heard, you can get a slight advantage by following a few strategies that I’ll explain in this article.
There is also a great points valuation made by Callum, a fellow Extended enthusiast. Check out his complete breakdown of the calculation here :
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For traders that are just starting on Extended, I also wrote a dedicated guide on how to start trading on Extended.
Let’s start by going on Extended : https://app.extended.exchange/join/ASTROBOY13
So, the right farming strategy depends on a few factors :
- How much capital you’re willing to use
- How much time you have
- Whether or not you have an audience (referrals)
As you may know, there are three ways to earn points on Extended (which I’ve summarized in another article), but to keep it short :
You can earn points by trading on Extended, depositing funds into the vault, or referring others.
Strategy 1 : Passive Farming via Vault
If you have a decent amount of capital and prefer a passive approach, I recommend depositing funds into the vault, which currently offers around 20% APR (subject to change).
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Extended Vault
This lets you earn passive income (which you can withdraw anytime) while accumulating points for the future airdrop.
Keep in mind : the vault has a cap, and while it’s often raised, it fills up quickly, so watch for announcements in their Discord.
Strategy 2 : Funding Fee Farming
Another option is to farm funding fees.
What are funding fees ?
They’re payments exchanged between long and short traders to keep perpetual futures prices in line with the spot market.
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Extended
On Extended, for example, I’m getting paid for holding a short position on BTC, this means more traders are long than short.
But I’m also paying 0.0037% per hour for my ETH long position.
Since the funding rate varies by platform, you can profit from the difference (delta) between platforms by holding offsetting positions. This way, you earn from the funding fees without being exposed to price movement.
Extended has even created a helpful funding arbitrage board, which shows you exactly where to long and where to short to maximize funding fee profits
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This makes it easier to farm two perps DEX airdrops at once (like Extended and ParaDex).
Strategy 3 : Trading for Volume
If you have either small or large capital and time to engage actively, farming volume is one of the best ways to earn points.
Volume is the total size you trade, it includes both opening and closing positions.
But here’s the catch : it needs to be organic. That means you shouldn’t just open and close quickly to inflate your volume. It will cost you money and won’t earn many points.
Extended Docs
According to other traders and from my own testing, here’s how you maximize points through trading:
- Trade size : Larger trades = more volume. For example, $1M in volume = ~1500 points.
- Trade duration : Hold positions longer to appear organic.
- Pair selection: Trade various pairs, especially low-volume ones.
- Use leverage : The exchange earns more fees, which seems to help your score.
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Strategy 4 : Organic Volume Farming
I’m not a pro trader, but I have some basic knowledge of charts and indicators. So my strategy focuses on shorter timeframes (10 min to 1 hour), allowing me to generate meaningful organic volume.
I try to ride momentum, but I also hedge by taking smaller opposing positions in correlated assets.
For example :
If ETH shows bullish momentum and has outperformed BTC recently, I’ll gradually open a long on ETH and simultaneously open a smaller short on BTC.
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Strategy 5 : Delta-Neutral Cross-Exchange Volume Farming
This strategy is even simpler and focuses on farming volume, not funding fees.
You open a $1000 long on Extended and simultaneously open a $1000 short on another exchange (like Vest).
Hold the position for a little while, then close both. Just remember to close both positions.
This gives you high volume with minimal market exposure, limited mostly to fees and slippage.
Use limit orders to reduce fees (they’re free on Extended), and this becomes a very efficient way to farm volume.
For best results, pick another perp DEX that also has an airdrop program (like ParaDex or Vest), so you double your potential rewards.
That’s it for today’s farming strategies on Extended. Feel free to drop any suggestions for future articles !
As always, thank you for reading !
Extended (10% reduction fees for 50M first volume) :
https://app.extended.exchange/join/ASTROBOY13
Website : https://extended.exchange/
Extended Twitter (X) : https://x.com/extendedapp
Extended Discord : https://discord.gg/bNX9FdtGaG
Docs : https://docs.extended.exchange/
My favorite Crypto Faucet: Cointiply (referral)
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Disclaimer: This is not financial advice, you need to do your own research !
