Side-by-side comparison of two perpetual futures exchanges — updated in real time.
edgeX and dYdX are both orderbook-focused perp DEXes, but dYdX runs a fully decentralized orderbook on its own chain, while edgeX uses an off-chain engine on Ethereum L2 for speed.
dYdX operates a sovereign Cosmos-based L1 with 188 markets, up to 25x leverage, maker rebates of 0.011%, and a 0.03% taker fee. edgeX runs on Ethereum L2 with 101 markets, 100x leverage, 0.02% maker and 0.05% taker fees. dYdX wins on fees for both makers and takers, and its sovereign chain provides full decentralization of the matching process. edgeX offers 4x higher leverage (100x vs 25x), which appeals to traders seeking amplified exposure. Both use USDC as collateral, but their funding intervals differ: dYdX uses 1-hour intervals versus edgeX's 8-hour intervals. dYdX's established ecosystem includes MegaVault (approximately 20% APR), monthly trading rewards of around $1.5M, and the DYDX token with a 50% community allocation. edgeX is pre-TGE with a 70% community allocation backed by Amber Group. dYdX has a significant track record advantage, having evolved from V3 on StarkEx to V4 on its own chain, while edgeX launched in August 2024.
Choose dYdX for lower fees, maker rebates, a sovereign decentralized chain, and passive yield through MegaVault. Choose edgeX if you need higher leverage (100x vs 25x) or want to farm a pre-TGE airdrop with a 70% community allocation.
