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. We show the verified endpoints below — the base tier and the top tier — and em-dash the middle tiers rather than guess at unpublished intermediate rates.
| Tier | 30-Day Volume | Maker | Taker |
|---|---|---|---|
| 1 | < $1M | 0.010% | 0.050% |
| 2 | ≥ $1M | — | — |
| 3 | ≥ $5M | — | — |
| 4 | ≥ $25M | — | — |
| 5 | ≥ $50M | — | — |
| 6 | ≥ $100M | — | — |
| 7 | ≥ $200M | as low as −0.011% (rebate) | 0.025% |
Middle-tier rates aren't published in a form we can independently verify, so we don't list numbers for them. Check 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.
Governance Caveat
dYdX's fee schedule is set by on-chain governance and can change by vote. The numbers on this page reflect what's published as of the verification date above; they are not a permanent guarantee. Before sizing a strategy around a specific tier or rebate 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.
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