Cheapest perp venue to hold a position, live funding normalized
TradingBybit
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dYdX
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Bybit leads on 1 of 1 shared benchmarks, dYdX on 0. Bybit wins on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0076% vs 0.017%).
Bybit is one of the largest centralized derivatives exchanges, with USDT-margined linear perpetuals on hundreds of pairs and funding settled on 8 hour (some pairs 4 hour) periods.
Perp DEX on the dYdX Chain, a Cosmos SDK appchain. Orderbook with off-chain matching and onchain settlement, validators propagate orders via the mempool.
Bybit
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dYdX
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Bybit
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dYdX
Trails0.017 %
Bybit and dYdX are compared on 2 shared OpenChainBench benchmarks. Bybit leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. See the live table on this page for every metric.
On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, Bybit leads at 0.0076% versus dYdX at 0.017%. Live measurement is updated continuously by the OpenChainBench harness.
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
A pair is published when all four conditions hold. Both providers run in the same OpenChainBench benchmark for at least seven consecutive days. Each provider has at least 1000 samples in the measurement window. The head to head query has observable third party search demand. Both providers have a public /products/[slug] page on OCB. The full pair ledger is versioned in the public repo so the methodology is externally verifiable.