dYdX Fees Explained: Tiers, Maker Rebates, and Funding
Rates verified against official dYdX docs on 2026-07-17.
dYdX charges 0.01% maker / 0.05% taker at its base tier — under $1M in trailing 30-day volume. Fees are volume-tiered on trailing 30-day USD volume across all perp order books combined, and the schedule improves in both directions as volume rises: taker fees fall, and maker fees eventually flip into a rebate. See the dYdX overview for the exchange's broader product picture.
Volume Tiers
dYdX runs seven fee tiers: the base tier plus six higher tiers unlocked at ≥$1M, ≥$5M, ≥$25M, ≥$50M, ≥$100M, and ≥$200M in trailing 30-day volume. The full grid below was verified two independent ways on 2026-07-30 — against the official docs' fee-tier table and against the live on-chain governance parameters (the same public LCD query our live tier table reads) — and the two matched tier for tier.
| Tier | 30-Day Volume | Maker | Taker |
|---|---|---|---|
| 1 | < $1M | 0.010% | 0.050% |
| 2 | ≥ $1M | 0.010% | 0.045% |
| 3 | ≥ $5M | 0.005% | 0.040% |
| 4 | ≥ $25M | 0% | 0.035% |
| 5 | ≥ $50M | 0% | 0.030% |
| 6 | ≥ $100M | −0.007% (rebate) | 0.025% |
| 7 | ≥ $200M | −0.011% (rebate) | 0.025% |
Governance can change any of these rates by vote (see the caveat below), so confirm the official fee schedule on dYdX before sizing a strategy around a specific tier.
What Maker Rebates Mean
At the top volume tiers, dYdX's maker fee isn't just discounted to zero — it goes negative. Verified at −0.011% (−1.1 bps) for accounts at or above $200M in trailing 30-day volume, this means dYdX pays those makers to provide liquidity rather than charging them. That's a meaningfully different structure from venues that only discount maker fees down to a floor of zero at their highest tiers; a true rebate schedule is one of the few verifiably documented ones among perp DEXs, which is why it's worth calling out on its own rather than folding it into a generic "fees get cheaper at volume" line.
Staking Fee Discounts
Verified against official dYdX docs on 2026-07-30.
Separately from volume tiers, staked DYDX cuts trading fees on a discount grid the dYdX community set by governance vote. Three rules shape it, per the official docs: discounts apply only to net positive trading fees (they never boost a maker rebate); only bonded tokens count, so DYDX in the 30-day unbonding period doesn't qualify; and the grid itself can be changed by any future governance vote. Each fee tier has two staking thresholds — a smaller stake for the first discount, a larger one for the second:
| Fee tier | Staked DYDX | Discount | Staked DYDX | Discount |
|---|---|---|---|---|
| 1 | 3,000 | 25% | 20,000 | 50% |
| 2 | 20,000 | 20% | 80,000 | 45% |
| 3 | 80,000 | 20% | 200,000 | 40% |
| 4 | 200,000 | 15% | 800,000 | 30% |
| 5–7 | 800,000 | 5% | 5,000,000 | 10% |
Note the shape: the deepest discounts sit at the lowest fee tiers — a smaller trader staking 20,000 DYDX halves their fees, while accounts at the whale tiers max out at 10%. Staking DYDX also earns a modest estimated APR of its own through the app's DYDX tab, provided by third parties per dYdX's own disclaimer — see the trading interface guide for that surface.
Trading Rewards: Currently Zeroed
dYdX's protocol also defines per-trade trading rewards paid in DYDX — but the formula's C multiplier is currently set to 0 by governance (verified 2026-07-30), so those per-block DYDX rewards are effectively off. The docs state traders "get rebates directly instead" without publishing the rebate terms, so we don't quote any. There is no points program among dYdX's documented reward mechanisms — relevant if you're comparing against the points-driven venues.
Governance Caveat
dYdX's fee schedule — including the staking discount grid above — is set by on-chain governance and can change by vote. The numbers on this page reflect what's published as of the verification dates above; they are not a permanent guarantee. Before sizing a strategy around a specific tier, rebate, or discount level, confirm the current schedule directly rather than relying on a cached figure — including this one.
Funding
Funding on dYdX is charged every hour. At the end of each hour, the rate is calculated from the average of the premiums collected over the preceding 60 minutes, using the formula:
funding rate = (premium component / 8) + interest rate component
The interest-rate component is 0% for cross-margined markets and 1 basis point per 8 hours (0.125 bps per hour) for isolated markets, per governance-set parameters — a small but real difference depending on which margin mode a position uses. Funding flows directly between traders: longs pay shorts, or shorts pay longs, depending on the sign of the rate. dYdX's documentation describes funding this way without mentioning a platform commission taken from either side. For the general mechanics of how perp funding works across venues, see our funding rates guide.
Funding is also capped per 8-hour window, by market tier:
| Market Tier | 8-Hour Funding Cap |
|---|---|
| Large-Cap | 12% |
| Mid-Cap | 20% |
| Long-Tail | 40% |
How dYdX Compares
dYdX's base maker fee of 0.01% modestly undercuts Hyperliquid's base maker fee of 0.015%, but dYdX's base taker fee of 0.05% sits slightly above Hyperliquid's 0.045%. Which side comes out ahead depends on whether your flow leans maker- or taker-heavy, and both schedules move with volume tiers. See the full Hyperliquid vs dYdX comparison for a side-by-side breakdown.
FAQ
What are dYdX's fees at low trading volume?
At the base tier — under $1M in trailing 30-day volume — dYdX charges 0.01% (1 bp) on maker orders and 0.05% (5 bps) on taker orders. Most new accounts pay these rates until they cross the first volume threshold.
Do dYdX makers really get paid to trade?
Yes, at the top volume tiers. dYdX's verified schedule shows the maker fee turning into a rebate — as low as −0.011% (−1.1 bps) — for accounts at or above $200M in trailing 30-day volume, meaning dYdX pays those makers rather than charging them.
Does dYdX take a cut of funding payments?
Not according to its published documentation. dYdX describes funding as flowing directly between traders — longs and shorts settle with each other every hour — and does not mention a platform commission on funding.
One fee lever sits outside the volume tiers: signing up through a referral link starts a new account at a boosted fee tier. See our dYdX referral page for how it works and what it's worth.
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