Paradex leads on 3 of 5 shared benchmarks, StandX on 2. Paradex wins on Perp DEX volume share, live 24h notional ranked ($7.22M vs $42.5K), Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0036% vs 0.010%), Most tradable markets on a perp DEX, live count per venue (66 vs 13). StandX wins on Cheapest perp venue to hold a position, live funding normalized (2.38 bps vs 2.62 bps), Perp DEX volume to open interest (0.013x vs 0.290x). Data as of 2026-11-07 UTC.
Read methodology Last measured Window: rolling 24h5 shared benchmarks
StandX is a DUSD-margined perpetuals DEX on BNB Chain (13 markets in 2026-09: majors plus gold, silver, oil and a few equities) with a public market-overview endpoint carrying volume, open interest and hourly funding per market.
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.
Ranked only with 24 hours of funding history (288 samples) and a stddev above zero: a young listing, or a venue whose rate has not moved since listing (Ondo Perps at launch, Polymarket in July), reads artificially stable and shows as Provisional, never as the leader. Stability is not directionality: a persistently positive but tight band ranks above a rate that flips every settlement.
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
Paradex vs StandX: which one is better?
Paradex and StandX are compared on 5 shared OpenChainBench benchmarks. Paradex leads on Perp DEX volume share, live 24h notional ranked. StandX leads on Cheapest perp venue to hold a position, live funding normalized. See the live table on this page for every metric.
Which has the higher 24h perp volume, Paradex or StandX?
On the Perp DEX volume share, live 24h notional ranked benchmark, Paradex leads at $7.22M versus StandX at $42.5K. Live measurement is updated continuously by the OpenChainBench harness.
Which is cheaper, Paradex or StandX?
On the Cheapest perp venue to hold a position, live funding normalized benchmark, StandX leads at 2.38 bps versus Paradex at 2.62 bps. Live measurement is updated continuously by the OpenChainBench harness.
How is the Paradex vs StandX 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.
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.
