dYdX vs Paradex Comparison
| 0.05% taker / 0.01% maker | Fees | 0% for retail; pro/API 0.002% / 0.02% |
dYdX
vs
ParadexWinner
Pros & Cons
Pros
- Fully decentralised order book — matching runs through validators
- Purpose-built Cosmos chain rather than a rollup dependency
- Long operating history and mature market structure
- 200+ markets
- Low network fees
Cons
- Market share has fallen sharply as liquidity moved to newer venues
- Thinner books and higher slippage in secondary markets
- No EU authorisation
- Support runs through community channels
Pros
- Fee-free trading for retail across 100+ markets
- Dedicated appchain with CEX-grade execution
- Privacy perpetuals with position data not openly visible
- Self-custody
- Clearly separated fee model for professional and API accounts
Cons
- No EU authorisation
- Smaller market selection than the largest competitors
- Support runs through community channels
- Tax reporting rests entirely with the user
Score Comparison
4.2Usability4.7
4.2Features4.4
4.2Fees4.9
4.5Stability4.3
3.6Support3.6
Features
- Decentralised matching at validator level
- Purpose-built Cosmos chain
- Established name in derivatives
- 200+ perpetual markets
- Fee-free for retail users
- Dedicated Starknet appchain
- Privacy perpetuals
- Own token DIME since March 2026
Details
dYdXParadex
| dYdX Trading Inc. | Company | Paradigm / Paradex |
| United States | Headquarters | United States |