dYdX vs Deribit
Deribit traded 230× dYdX's 24-hour volume ($12.68B vs $55.1M) and holds 24× its open interest.
Head to head
the arrow points to the better figure| dYdX | Deribit | |
|---|---|---|
| Trading | ||
| $15.72 | BTC trade, $10k▶ | $7.06 |
| $5,351 | BTC trade, $1M▶ | $1,461 |
| $89.6M | ◀BTC book depth | $46.5M |
| 0.050%/0.010% | Taker / maker▶ | 0.035%/0.015% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $55.1M | Volume 24h▶ | $12.68B |
| $39.9M | Volume, 7-day average▶ | $9.13B |
| $55.4M | Open interest▶ | $1.33B |
| $68.5M | TVL | — |
| Markets | ||
| 57 | Markets▶ | 144 |
| 0 | Stocks & RWA▶ | 42 |
| 1h | Funding paid every | 1h |
| +0.0021% | BTC funding /8h | +0.0132% |
| +0.321% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| $DYDX | Token | none yet |
| Not active | Airdrop | — |
Cost to trade BTC
| Size | dYdX | Deribit |
|---|---|---|
| $1k | $1.3613.6 bp | $0.717.1 bp |
| $10k | $15.7215.7 bp | $7.067.1 bp |
| $100k | $39139.1 bp | $78.347.8 bp |
| $1M | $5,35153.5 bp | $1,46114.6 bp |
| $5M | $51,652103.3 bp | $15,57631.2 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 54
funding /8h · Net 7d at $10k| Asset | dYdX | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| ETH | +0.0209% | 0.0000% | +0.0209% | −$9 |
| BTC | +0.0021% | +0.0196% | +0.0175% | −$28 |
| SOL | +0.0125% | 0.0000% | +0.0125% | −$6 |
| HYPE | +0.0001% | +0.0051% | +0.0050% | −$751 |
| XRP | 0.0000% | +0.0102% | +0.0102% | −$120 |
| LTC | 0.0000% | 0.0000% | 0.0000% | −$119 |
| ZEC | 0.0000% | 0.0000% | 0.0000% | −$192 |
| DOGE | 0.0000% | 0.0000% | 0.0000% | −$208 |
| LINK | 0.0000% | 0.0000% | 0.0000% | −$308 |
| TRX | 0.0000% | 0.0000% | 0.0000% | +$49 |
| ADA | 0.0000% | 0.0000% | 0.0000% | −$381 |
| ALGO | 0.0000% | 0.0000% | 0.0000% | −$240 |
| BNB | 0.0000% | +0.0200% | +0.0200% | −$98 |
| NEAR | 0.0000% | +0.0230% | +0.0230% | — |
| DOT | 0.0000% | 0.0000% | 0.0000% | — |
| PYTH | 0.0000% | −0.0075% | +0.0075% | — |
| SUI | 0.0000% | 0.0000% | 0.0000% | — |
| UNI | 0.0000% | 0.0000% | 0.0000% | — |
| INJ | 0.0000% | −0.0272% | +0.0272% | — |
| AAVE | 0.0000% | 0.0000% | 0.0000% | — |
Only on Deribit: 88
EURC · XAU · SOXL · QQQ · XAG · SPY · CRCL · GOOGL · ANTHROPIC · SPCX · MSTR · MU · BE · ENA · INTC · CL · AERO · NVDA · MSFT · LITE · BZ · SNDK · OPENAI · WIF · CBRS · ONDO · KORU · AAPL · TSLA · EWY · AMZN · NBIS · DRAM · META · TRUMP · COIN50 · SOXS · FARTCOIN · SNXX · SKHY · ETHFI · TSM · MRVL · AMD · ORCL · FET · WLFI · HOOD · DELL · LIT · VIRTUAL · VVV · PLTR · ARM · APE · AVGO · MERL · DASH · CRWV · SHIB · and 28 more
Questions
Is dYdX or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $15.72 on dYdX and $7.06 on Deribit right now, taker fee and order-book slippage together, so Deribit is cheaper. Taker fees: 0.05% and 0.035%.
Which has more markets, dYdX or Deribit?
dYdX lists 57 active markets and Deribit 144; 54 assets trade on both.
Does dYdX or Deribit require KYC?
dYdX: No ID, a web3 wallet is enough; dydx.trade blocks the US, Canada, the UK and sanctioned places (close-only, then blocked after 7 days). Deribit: ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Can you arbitrage funding between dYdX and Deribit?
Yes: 1 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was TRX, long on dYdX and short on Deribit, with $49 left after costs.
Which is bigger, dYdX or Deribit?
24-hour volume: dYdX $55.1M, Deribit $12.68B. Open interest as each reports it: $55.4M and $1.33B. TVL: $68.5M and none published.