dYdXvs
Binance Futures
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 3 liquid markets shared by Binance Futures and dYdX, no setup covered entry and exit over the past 7 days: the best, $SOL (long Binance Futures, short dYdX), paid 7.7% APR over 7 days, -2.7% after costs.
3 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
| Coin | Long | Short | 7d avg | After costs | Holds | Pays back | |
|---|---|---|---|---|---|---|---|
| $SOL | Binance Futures | dYdX | 7.7% now 16.6% | -2.7% | 60% | 9 d | Backtest → |
| $ETH | Binance Futures | dYdX | 4.6% now -5.8% | -5.8% | 38% | 16 d | Backtest → |
| $BTC | dYdX | Binance Futures | 4.2% now 5.0% | -6.3% | 46% | 18 d | Backtest → |
“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| dYdX | Binance Futures | |
|---|---|---|
| Type | DEX | CEX |
| Taker fee | 0.05% | 0.05% |
| Maker fee | 0.01%✓ | 0.02% |
| Open Interest | $35.8M | $25.14B✓ |
| 24h Volume | $30.3M | $55.71B✓ |
| Avg Funding APR | -3.81% | -3.76% |
| Markets | 57 | 774✓ |
| Airdrop / token | Listed | Listed |
dYdX and Binance Futures are both perpetual-futures venues tracked on ORBIT. On fees, both charge the same 0.05% taker. On liquidity, Binance Futures is deeper with $25.14B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where dYdX and Binance Futures diverge right now, then verify the pair in the backtester.
How this pair behaves
Of 3 setups between Binance Futures and dYdX with 7 days of payouts, 0 stay positive after entry and exit costs. In a typical setup the spread keeps its sign and at least 5% APR 46% of the hours. Opening and closing both legs costs a median 0.20% of the position, paid back in about 16 days. The instantaneous rate is often higher than the weekly one: pick by the "7d avg" and "After costs" columns, not by the current APR.
Related venue pairs
Frequently asked questions
- Which funding setup between dYdX and Binance Futures pays most?
- Across 3 liquid markets shared by Binance Futures and dYdX, no setup covered entry and exit over the past 7 days: the best, $SOL (long Binance Futures, short dYdX), paid 7.7% APR over 7 days, -2.7% after costs. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is dYdX or Binance Futures cheaper?
- dYdX charges 0.05% taker / 0.01% maker; Binance Futures charges 0.05% taker / 0.02% maker. Both are equal on taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, dYdX or Binance Futures?
- dYdX has $35.8M open interest across 57 markets; Binance Futures has $25.14B across 774. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between dYdX and Binance Futures?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.