| FEATURE | DYDX | GRVT |
|---|---|---|
| Type | DEX | HYBRID |
| Taker Fee | 0.05% | 0.045% |
| Maker Fee | 0.01% | -0.0001% |
| Max Leverage | 50x | 50x |
| Perp Pairs | 114 | 168 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 4.3 | 4.5 |
dYdX
PROS
- + Competitive perpetuals taker fee of 0.05% at base tier with maker rebates rewarding liquidity providers, plus zero-fee periods on BTC and SOL markets and a Surge program offering 50% fee rebates
- + Fully decentralized governance — all protocol parameters including fees, market listings, and rewards are controlled by DYDX token holders through onchain voting
- + No KYC required — non-custodial trading via wallet connection with full onchain transparency on the dYdX Cosmos appchain
CONS
- − 50x leverage is available only on BTC and ETH — most altcoin perpetual markets are capped at just 5x-20x, lower than rivals offering high leverage across the board
- − Perpetuals remain restricted in the US, UK, and Canada — US traders can only access the new Solana spot product, not derivatives
- − USDC-only collateral with no multi-collateral support — traders cannot use BTC, ETH, or other assets as perpetual margin
GRVT
PROS
- + Negative maker fees across all nine tiers, from -0.0001% at Level 1 to -0.003% at Level 9 — makers earn rebates instead of paying to provide liquidity
- + Self-custodial with optional KYC — users can sign up with only an email and trade without identity verification while keeping full control of funds
- + Around 168 perpetual markets spanning crypto and real-world assets, including gold (XAU), oil (WTI), and equities like Tesla, with up to 50x leverage on BTC
CONS
- − Only USDT and USDC accepted as collateral — no BTC, ETH, or multi-collateral margin support
- − Spot and options markets are not yet live — the platform is perpetuals-only, and even gold and stock exposure is traded via perps
- − KYC is still required to claim the upcoming $GRVT airdrop tokens at TGE and to lift the 50,000 USDT/day bridge withdrawal limit
Frequently Asked Questions
Is dYdX or GRVT better?
GRVT has a higher rating (4.5 vs 4.3). GRVT offers lower fees (0.045% vs 0.05%). Choose dYdX for its features, and GRVT for lower fees.
What are the fees on dYdX vs GRVT?
dYdX charges 0.05% taker / 0.01% maker. GRVT charges 0.045% taker / -0.0001% maker for perpetuals.