DYDX Perpetual Futures

– 24h · perp mark price

24h volume – vs prior 24h Open interest – · Funding rate (OI-weighted, 8h) – annualised Long / short ratio (24h) – long Liquidations (24h) – longs OI / market cap – Market cap –

dYdX price and derivatives history

Daily close and perpetual volume across tracked exchanges

dYdX perpetual futures market

dYdX is a decentralised exchange for perpetual futures that runs on its own blockchain, the dYdX Chain, built with the Cosmos SDK. DYDX secures that chain through staking and governs the protocol, and stakers receive a share of trading fees. Traders use DYDX perps to bet on the fortunes of on-chain derivatives trading, or to hedge a staked position against falling prices.

Few tokens are tied so directly to perps activity. Trading volume and fees on the dYdX exchange feed staking rewards, so market share against rivals such as Hyperliquid is the key fundamental. Binance leads DYDX perp volume, with WhiteBIT, BingX and OKX behind it, and Hyperliquid also carries notable open interest. Governance votes on fees and token economics are recurring catalysts.

DYDX funding rates DYDX open interest DYDX liquidations DYDX long/short ratio

Ticker: DYDX
Asset class: Crypto
Tracked markets: –
Most active venue: –
Funding intervals: –
Trading hours: 24/7
±1% order book depth: –

dYdX perpetual markets by exchange

Every tracked DYDX perpetual market

#	Exchange	Price	24h	Volume 24h	Open interest	OI 24h	Funding 8h	L/S	Liq. 24h	±1% depth	Trade

Open interest by exchange

Share of total · 24h change

All OI

Liquidations by exchange

Last 24h · long vs short

All liquidations

Taker buy vs sell

Last 4h · buy share of taker volume

Long/short data

dYdX perpetual futures FAQ

Live answers use data from every tracked DYDX perpetual markets · updated –

What is the DYDX funding rate today?

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How much DYDX open interest is there?

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What is dYdX?

dYdX is a decentralised derivatives exchange where users trade perpetual futures from their own wallets. Since its v4 upgrade it runs on a standalone Cosmos SDK chain in which validators operate the order book and matching engine, with trades settled on chain. DYDX is the token that stakes, secures and governs that chain.

What is DYDX perpetual futures trading volume?

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Are traders long or short DYDX right now?

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How do DYDX stakers earn?

Validators and delegators who stake DYDX on the dYdX Chain receive a share of the protocol's trading fees, paid mainly in USDC. More trading on the exchange therefore means more income for stakers, which links the token directly to exchange activity.

How does dYdX compare with Hyperliquid?

Both are on-chain order book exchanges for perpetual futures running on their own chains. dYdX uses the Cosmos SDK and shares fees with stakers, while Hyperliquid runs a custom chain and has taken a large share of on-chain perp volume. Traders often compare the two exchanges' volumes when judging DYDX against HYPE.

How much DYDX was liquidated in the last 24 hours?

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Was DYDX an Ethereum token?

Yes. DYDX launched as an ERC-20 token on Ethereum, and when the exchange moved to its own chain the token became the native asset of the dYdX Chain. Holders could bridge their Ethereum tokens to the new chain to stake and vote.

What are DYDX perpetual futures?

DYDX perpetual futures are derivatives contracts that track the price of DYDX and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any DYDX.

How does DYDX funding work?

Funding is a payment between longs and shorts. When DYDX perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

Where can I trade DYDX perpetuals?

Compare venues, fees and features on the best perpetual exchanges page.

Should I long or short DYDX?

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.