dYdX vs Bybit
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 16 differences
| Line | dYdX | Bybit |
|---|---|---|
| 30-day volume | Edge#12 · $1,037.0M | #14 · Not tracked |
| Trading fees | Edge0.050% taker · 0.010% makerSeven tiers on 30-day trailing volume across all markets: 5.0/1.0 bps below $1M, 4.5/1.0 above $1M, 4.0/0.5 above $5M, 3.5/0 above $25M, 3.0/0 above $50M, 2.5/-0.7 above $100M and 2.5/-1.1 above $200M, so the largest makers are paid. Staking DYDX adds a further discount on net positive fees; maker rebates are excluded from that discount. | 0.055% taker · 0.02% makerNon-VIP rate on perpetual and futures contracts: 0.055% taker and 0.02% maker. VIP tiers lower both, based on 30-day derivatives volume or assets held on the account. Funding is charged on top while a position stays open. |
| New-user perk | Referred users start at fee tier 3 instead of tier 1, worth up to $550 of fee savings | Up to 25 USDT: 10 USDT for a 100 USDT deposit within 7 days, then 15 USDT for 500 USDT traded within 30 days |
| Max leverage | up to 50× | Edgeup to 150× |
| Perp markets | 78 | Edge846 |
| Identity check (KYC) | EdgeNo KYC | KYC required |
| Custody | Non-custodial, wallet signature | Custodial: your balances sit on the exchange |
| Settles on | dYdX Chain (Cosmos app-chain) | Bybit (centralised matching) |
| Collateral | USDC | USDT, USDC |
| Where it runs | Web | Web, iOS, Android |
| Chains | EdgeEVM · NobleEthereum, Noble | — |
| Documented features | 7 of 10 | 7 of 10 |
| Order book | Yes | Yes |
| Cross margin | Yes | Yes |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Not documented |
| Copy trading | Not documented | Yes |
| Stocks, gold or forex | No | Yes |
| Points program | No | Not documented |
| API | Yes | Yes |
| Mobile app | Yes | Yes |
| Telegram bot | Yes | Not documented |
Which one should you pick?
Pick dYdX if
You publish content about perps: the 30% to 50% taker-fee share with instant USDC payouts is the best economics here.
The most generous affiliate programme of the series, and the clearest case of a venue that lost the volume war: 78 active markets and $1.04B of 30-day volume, against $204B for Hyperliquid. The order book, the fee ladder and the payout mechanics are fully documented.
Read the dYdX reviewSign up through this link: Referred users start at fee tier 3 instead of tier 1, worth up to $550 of fee savings.
Affiliate link
Pick Bybit if
You want the widest choice of altcoin perps, copy trading and a mobile app, and accept KYC and custody.
The biggest menu of the series: 846 USDT and USDC perpetuals, up to 150x on BTC, 0.055% taker, copy trading and mobile apps. It is a centralised exchange: identity verified, balances held by Bybit. The referral pays new users up to 25 USDT, but EEA residents, France included, are being moved to Bybit EU.
Read the Bybit reviewSign up through this link: Up to 25 USDT: 10 USDT for a 100 USDT deposit within 7 days, then 15 USDT for 500 USDT traded within 30 days.
Affiliate link
