dYdX leads on 2 of 4 shared benchmarks, Paradex on 2. dYdX wins on Perp DEX volume share, live 24h notional ranked ($6.90M vs $3.52M), Perp DEX open interest, live USD notional ranked ($42.09M vs $8.20M). Paradex wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.037% vs 0.052%), Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0047% vs 0.019%).
Perp DEX on the dYdX Chain, a Cosmos SDK appchain. Orderbook with off-chain matching and onchain settlement, validators propagate orders via the mempool.
Paradex is a perps-focused L2 exchange built on Starknet tech, with USD-settled perpetuals and funding accrued continuously over an 8 hour period.
dYdX
Trails0.052 %
Paradex
Leads0.037 %
Per chain
| Chain | dYdX | Paradex |
|---|---|---|
| ETH | 0.077% | 0.043% |
| BTC | 0.052% | 0.037% |
| SOL | 0.079% | 0.082% |
dYdX
No data in window
Paradex
Trails2.09 bps
dYdX
Leads$6.90M
Paradex
Trails$3.52M
dYdX
Leads$42.09M
Paradex
Trails$8.20M
dYdX
Trails0.019 %
Paradex
Leads0.0047 %
dYdX and Paradex are compared on 5 shared OpenChainBench benchmarks. dYdX leads on Cheapest perp venue to hold a position, live funding normalized. Paradex leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. See the live table on this page for every metric.
On the Cheapest perp venue to hold a position, live funding normalized benchmark, dYdX leads at -2.40 bps versus Paradex at 2.09 bps. Live measurement is updated continuously by the OpenChainBench harness.
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Paradex leads at 0.037% versus dYdX at 0.052%. 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.