dYdX leads on 1 of 4 shared benchmarks, Pacifica on 3. dYdX wins on Perp DEX volume to open interest (0.329x vs 4.52x). Pacifica wins on Perp DEX volume share, live 24h notional ranked ($623.59M vs $13.67M), Most tradable markets on a perp DEX, live count per venue (78 vs 73), Perp DEX capital efficiency (3 vs 0.674). Data as of 2026-10-06 UTC.
Read methodology Last measured Window: rolling 24h6 shared benchmarks, 4 measured on both sides
Perp DEX on the dYdX Chain, a Cosmos SDK appchain. Orderbook with off-chain matching and onchain settlement, validators propagate orders via the mempool.
Funding is signed. Positive means longs pay shorts, negative means longs get paid to hold. Venues settle on different native periods (hourly on Hyperliquid, dYdX, Lighter, Extended, Pacifica, Ondo, Vest, StandX and ApeX, every 4h on edgeX, every 8h on Kalshi, Aster and the CEX books); 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.
TVL from DefiLlama /protocol/{slug} currentChainTvls, excluding staking and pool2 categories. Market count from each venue's native API (same source as the perp-active-markets bench). The ratio reflects architectural choices, not absolute liquidity: a high ratio means the venue can list many markets cheaply, not that each market has deep liquidity. Compare with perp-volume-share for the liquidity angle.
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
The ratio is a screen, not a verdict. Both terms are the venue's own
figures (24h volume and open interest as each API reports them, in USD),
so a venue that counts both legs of a fill moves its ratio without
changing anything real. A very low ratio (Ostium, 0.2x) means positions
held for days on thin daily volume; a very high one (Kalshi, above 40x)
means a day of trading dwarfs what stays open. The bands in the
methodology say what each range usually means.
Frequently asked questions
dYdX vs Pacifica: which one is better?
dYdX and Pacifica are compared on 6 shared OpenChainBench benchmarks. dYdX leads on Cheapest perp venue to hold a position, live funding normalized. Pacifica leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which is cheaper, dYdX or Pacifica?
On the Cheapest perp venue to hold a position, live funding normalized benchmark, dYdX leads at -0.48 bps versus Pacifica at 3.04 bps. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher 24h perp volume, dYdX or Pacifica?
On the Perp DEX volume share, live 24h notional ranked benchmark, Pacifica leads at $623.59M versus dYdX at $13.67M. Live measurement is updated continuously by the OpenChainBench harness.
How is the dYdX vs Pacifica 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.
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.
