Bybit vs dYdX

dYdX leads on the only live benchmark. dYdX wins on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0076% vs 0.019%).

Read methodology Last measured Thu, 17 Sep 2026 03:15:00 UTCWindow: rolling 24h2 shared benchmarks

Bybit

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.

dYdX

Perp DEX on the dYdX Chain, a Cosmos SDK appchain. Orderbook with off-chain matching and onchain settlement, validators propagate orders via the mempool.

Side by side measurements

Cheapest perp venue to hold a position, live funding normalized

Trading

Provider	Annualized (ETH)	Per-hour rate (ETH)	BTC hold 24h	SOL hold 24h
Bybit	5.40%	0.06 bps	2.32 bps	2.49 bps
dYdX	-	-	6.47 bps	-

Funding is signed. Positive means longs pay shorts, negative means longs get paid to hold. Venues settle on different native periods (1h for Hyperliquid and dYdX, 4h or 8h elsewhere); every figure is normalized from the venue's own quoted rate and interval before ranking. Funding is only the holding cost. Opening costs (taker fee, spread, impact) are the companion bench perp-fees.

Perp DEX funding stability, 24h stddev of ETH funding ranked

Trading

Bybit

Trails

0.019 %

p99: 0.026%
rank: —
samples: 2,880

dYdX

Leads

0.0076 %

p99: 0.018%
rank: #5
samples: 2,880

Stability is not directionality. A venue with persistently positive but tight-banded funding ranks better here than one that flips between positive and negative every settlement, even if the second venue offers better average carry. Read alongside perp-funding for direction and average level.

Frequently asked questions

Bybit vs dYdX: which one is better?

Bybit and dYdX are compared on 2 shared OpenChainBench benchmarks. dYdX leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. See the live table on this page for every metric.

Which is cheaper, Bybit or dYdX?

On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, dYdX leads at 0.0076% versus Bybit at 0.019%. Live measurement is updated continuously by the OpenChainBench harness.

How is the Bybit vs dYdX comparison measured?

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.

Related comparisons

dYdX vs Hyperliquid

How this pair was selected

Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing — panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.