dYdX is DeFi’s pro trading platform and a pioneer in decentralized finance, known for being the first to offer decentralized margin trading and derivatives, as well as inventing flash loans and DEX aggregators in 2018. Built on a custom Layer-1 blockchain using the Cosmos SDK, dYdX provides a professional-grade, decentralized trading experience with high leverage, deep liquidity, and low fees. Governed by the community through the DYDX token, dYdX is focused on delivering a transparent and user-driven financial system. This November, dYdX Unlimited launches, bringing instant market listings, the MegaVault liquidity engine, revamped trading rewards, and lifetime affiliate commissions, setting a new standard for decentralized trading
Order Book
Connecting…Price Chart: DYDX
Largest Bid Walls
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Largest Ask Walls
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DYDX Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, DYDX funding has averaged 0.00145% per hour, an annualised rate of 12.7%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.00769%. Work out what this costs on your own position with the funding rate calculator.
DYDX funding & market FAQ
What is the current DYDX funding rate?
The current DYDX funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00145%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on DYDX right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does DYDX open interest tell me?
DYDX currently has $2,604,642 of open interest, ranking #172 of 533 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a DYDX position?
At the current mark price of $0.147480, a 10x long would be liquidated around $0.132732 and a 10x short around $0.162228. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade DYDX perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's DYDX positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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