| FEATURE | DYDX | STANDX |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.05% | 0.04% |
| Maker Fee | 0.01% | 0.01% |
| Max Leverage | 50x | 40x |
| Perp Pairs | 73 | 13 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 4.0 | 3.5 |
dYdX vs StandX: key differences
Opening and closing a $10,000 position with market orders costs $8.00 on StandX and $10.00 on dYdX at base-tier taker fees, a difference of $2.00 per round trip.
dYdX allows up to 50x leverage against 40x on StandX. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
dYdX lists 73 perpetual markets, StandX lists 13.
dYdX also has spot trading; StandX is perpetuals only.
StandX is the more liquid venue, with $322M in 24-hour volume against $3M on dYdX (about 107 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDC on dYdX and in DUSD on StandX.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| dYdX | StandX | |
|---|---|---|
| Taker round trip on $10,000 | $10.00 | $8.00 |
| Maker round trip on $10,000 | $2.00 | $2.00 |
| Best-tier taker fee | 0.025% | 0.04% |
| BTC max leverage | 50x | 40x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $3M | $322M |
| TVL | $108M | $26M |
| Custody | non-custodial | hybrid |
| Collateral | USDC | DUSD |
| Deposit networks | Ethereum, Arbitrum, Optimism +6 more | BNB Chain, Solana |
| Minimum order | $1 | — |
| Order types | 6 | 7 |
| Options | No | No |
| Mobile app | Yes | No |
| Testnet or demo | Yes | No |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 16 | 35 |
| Founded | 2017 | 2024 |
Choose dYdX if
- You want higher leverage: up to 50x against 40x.
- You trade smaller or newer markets: 73 perpetual pairs against 13.
- You want spot and perpetuals in one account.
- You trade from a phone: dYdX has a mobile app.
Choose StandX if
- You mostly use market orders: 0.04% taker fee against 0.05% on dYdX.
- You trade size and need liquidity: $322M in 24-hour volume against $3M.
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
StandX
PROS
- + Flat fees of 0.01% maker and 0.04% taker on all 13 markets, confirmed by both the StandX fee page and the public API
- + Margin is held in DUSD, which earns yield from staking and funding payments while it sits in the Perps Wallet, with no staking step
- + Up to 40x leverage on BTC, ETH, gold (XAU), silver (XAG), and crude oil (CL), with cross and isolated margin modes
CONS
- − Only 13 perpetual markets as of October 4, 2026, and no spot trading
- − DUSD is the only collateral, and redeeming it for USDT or USDC through StandX has a 7-day lock and a protocol fee; the faster exit is a swap on PancakeSwap or Raydium at the market price
- − 24-hour volume of about 322 million dollars against open interest of about 44 million dollars (CoinGecko, October 4, 2026) is a ratio above 7 to 1 while a points program rewards trading, and the StandX docs still cite roughly 700 million dollars of daily volume
Frequently Asked Questions
Is dYdX or StandX better?
dYdX has a higher rating (4 vs 3.5). StandX offers lower fees (0.04% vs 0.05%). Choose dYdX for higher leverage, and StandX for lower fees.
What are the fees on dYdX vs StandX?
dYdX charges 0.05% taker / 0.01% maker. StandX charges 0.04% taker / 0.01% maker for perpetuals.
Which has higher leverage, dYdX or StandX?
dYdX offers up to 50x, and StandX offers up to 40x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do dYdX and StandX require KYC?
dYdX does not require KYC. StandX does not require KYC. Both restrict some jurisdictions (dYdX lists 16; StandX lists 35), so check the terms of service for your country before depositing.
Is dYdX or StandX safer?
dYdX has been audited and runs an insurance fund, and custody is non-custodial. StandX has been audited and runs an insurance fund, and custody is hybrid. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, dYdX or StandX?
dYdX recorded $3M in 24-hour volume and StandX recorded $322M, as of 2026-10-04. dYdX lists 73 perpetual markets and StandX lists 13.