| FEATURE | AEVO | DYDX |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.08% | 0.05% |
| Maker Fee | 0.05% | 0.01% |
| Max Leverage | 20x | 50x |
| Perp Pairs | 102 | 73 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 4.2 | 4.0 |
Aevo vs dYdX: key differences
Opening and closing a $10,000 position with market orders costs $10.00 on dYdX and $16.00 on Aevo at base-tier taker fees, a difference of $6.00 per round trip.
For limit orders, Aevo charges makers 0.05%, while dYdX charges makers 0.01%.
dYdX allows up to 50x leverage against 20x on Aevo. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Aevo lists 102 perpetual markets, dYdX lists 73.
dYdX also has spot trading; Aevo is perpetuals only.
dYdX is the more liquid venue, with $3M in 24-hour volume against $2M on Aevo. Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDC, USDT, aeUSD, ETH +2 more on Aevo and in USDC on dYdX.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Aevo | dYdX | |
|---|---|---|
| Taker round trip on $10,000 | $16.00 | $10.00 |
| Maker round trip on $10,000 | $10.00 | $2.00 |
| Best-tier taker fee | 0.064% | 0.025% |
| BTC max leverage | 20x | 50x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $2M | $3M |
| TVL | $15M | $108M |
| Custody | non-custodial | non-custodial |
| Collateral | USDC, USDT, aeUSD, ETH +2 more | USDC |
| Deposit networks | Ethereum, Arbitrum, Base +1 more | Ethereum, Arbitrum, Optimism +6 more |
| Minimum order | $10 | $1 |
| Order types | 7 | 6 |
| Options | Yes | No |
| Mobile app | Yes | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 18 | 16 |
| Founded | 2022 | 2017 |
Choose Aevo if
- You trade smaller or newer markets: 102 perpetual pairs against 73.
- You trade options as well as perpetuals.
- You want to post margin in more than one asset.
- You want a sign-up discount: 10% off fees through a referral link.
Choose dYdX if
- You mostly use market orders: 0.05% taker fee against 0.08% on Aevo.
- You place limit orders: 0.01% maker fee against 0.05% on Aevo.
- You want higher leverage: up to 50x against 20x.
- You trade size and need liquidity: $3M in 24-hour volume against $2M.
- You want spot and perpetuals in one account.
Aevo
PROS
- + Options order book on BTC, ETH, SOL and HYPE next to 102 perpetual markets, all under one margin account with optional portfolio margin
- + 47 real-world asset perpetuals (US stocks, ETFs, gold, silver, oil, FX and pre-IPO names such as OpenAI) in addition to 55 crypto pairs
- + No KYC: trading starts after connecting an EVM wallet, and the exchange is non-custodial with settlement on the Aevo rollup
CONS
- − Maximum 20x leverage, and only on BTC, ETH, SOL, HYPE and ZEC; the other 97 perpetual markets are capped at 10x or 3x, far below GMX (100x) or Avantis (500x)
- − Base perpetual fees of 0.08% taker and 0.05% maker are higher than on Hyperliquid (0.045% taker), and makers pay a fee instead of getting a rebate
- − Low liquidity: about 2 million dollars of 24h perpetual volume and about 15 million dollars of TVL, which means thin order books on smaller pairs
dYdX
PROS
- + Base tier perpetuals fees of 0.05% taker and 0.01% maker, falling to 0.025% taker and a -0.011% maker rebate at 200 million USD of 30-day volume
- + Staking discount on trading fees: 3,000 staked DYDX cuts base tier fees by 25%, and 20,000 staked DYDX cuts them by 50%
- + Onchain governance by DYDX token holders controls fees, market listings and rewards, with 75% of protocol fees directed to DYDX buybacks
CONS
- − Low liquidity in 2026: 24-hour perpetuals volume was about 3 million USD on October 4, 2026, and the active market count fell from 114 to 73 in three months as governance wound down low-activity markets
- − 50x leverage is available only on BTC and ETH; SOL is capped at 20x and the other 70 markets at 5x or 10x
- − Perpetuals are restricted in the US, UK and Canada, so US traders can only use the Solana spot product
Frequently Asked Questions
Is Aevo or dYdX better?
Aevo has a higher rating (4.2 vs 4). dYdX offers lower fees (0.05% vs 0.08%). Choose Aevo for its features, and dYdX for lower fees.
What are the fees on Aevo vs dYdX?
Aevo charges 0.08% taker / 0.05% maker. dYdX charges 0.05% taker / 0.01% maker for perpetuals.
Which has higher leverage, Aevo or dYdX?
Aevo offers up to 20x, and dYdX offers up to 50x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Aevo and dYdX require KYC?
Aevo does not require KYC. dYdX does not require KYC. Both restrict some jurisdictions (Aevo lists 18; dYdX lists 16), so check the terms of service for your country before depositing.
Is Aevo or dYdX safer?
Aevo has been audited and runs an insurance fund, and custody is non-custodial. dYdX has been audited and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, Aevo or dYdX?
Aevo recorded $2M in 24-hour volume and dYdX recorded $3M, as of 2026-10-04. Aevo lists 102 perpetual markets and dYdX lists 73.