✓Hyperliquid is our top-ranked dYdX alternative (8.8/10).Lighter is our top-ranked dYdX alternative (7.5/10).edgeX is our top-ranked dYdX alternative (7.2/10).Derive is our top-ranked dYdX alternative (7.1/10).GMX is our top-ranked dYdX alternative (6.8/10).Aster is our top-ranked dYdX alternative (6.6/10).Extended is our top-ranked dYdX alternative (6.6/10).Aevo is our top-ranked dYdX alternative (6.3/10).Paradex is our top-ranked dYdX alternative (6.2/10).Nado is our top-ranked dYdX alternative (6.1/10).Pacifica is our top-ranked dYdX alternative (6/10).BullX is our top-ranked dYdX alternative (5.9/10).GRVT is our top-ranked dYdX alternative (5.9/10).GMTrade is our top-ranked dYdX alternative (4.8/10).Ostium is our top-ranked dYdX alternative (4.7/10).Vest Markets is our top-ranked dYdX alternative (4.7/10).Helix is our top-ranked dYdX alternative (4.3/10).
✓Of the alternatives that charge a trading fee, Extended has the lowest spot taker fee (0.025%).Of the alternatives that charge a trading fee, Aster has the lowest spot taker fee (0.04%).Of the alternatives that charge a trading fee, Helix has the lowest spot taker fee (0.05%).Of the alternatives that charge a trading fee, Hyperliquid has the lowest spot taker fee (0.07%).The comparison table on this page shows the spot fees of each alternative.
✓Hyperliquid lets you start trading without full identity verification.Lighter lets you start trading without full identity verification.edgeX lets you start trading without full identity verification.Derive lets you start trading without full identity verification.GMX lets you start trading without full identity verification.Aster lets you start trading without full identity verification.Extended lets you start trading without full identity verification.Aevo lets you start trading without full identity verification.Paradex lets you start trading without full identity verification.GRVT lets you start trading without full identity verification.Ostium lets you start trading without full identity verification.Helix lets you start trading without full identity verification.None of the alternatives open to you trades without identity verification (KYC).
dYdX caps leverage at 50x, which is lower than some competitors offer, so a trader who wants more room on a position may look elsewhere. There are no tokenized stocks or commodities, so if you want exposure beyond crypto derivatives, dYdX cannot cover it. The product set is centered on futures: there is no lending, no loans, no trading bots, no options, and no NFT marketplace. For withdrawals, dYdX moves funds in crypto only, so a trader who wants to cash out to a card or bank directly will not find that here.
What a replacement for dYdX should offer
dYdX runs as a fully decentralized, non-custodial platform with gasless on-chain execution on its own blockchain, so you keep control of your funds while trading. KYC is optional, meaning you can trade without mandatory identity checks. Futures cover 72 coins across 72 markets, with deep liquidity on major derivative markets and a futures maker fee of 0.01% and taker fee of 0.05%. The DYDX token gives trading fee discounts. The interface is approachable for on-chain trading, mobile trading carries the key functions, demo trading lets you practice, and copy trading is available. MegaVault lets you put idle USDC to passive use, and staking is supported.
How to move from dYdX to another exchange
Funds leave dYdX in crypto only, so plan to withdraw to a wallet on the right network rather than to a card or bank. Since KYC is optional, your account access does not hinge on identity verification, but check whether that affects any limit before a large transfer. Close open futures positions so that margin is released, and unwind any staking and your MegaVault USDC participation first, since those hold funds that cannot move until freed. Have the new account ready and send a small test transfer before the full amount.
How we pick
Venues from the same exchange class as dYdX (DEX) lead the list, followed by strong venues of other classes. Each block is ordered by CWR Score, which weighs live fee, security, regulation and feature data, the same figures shown on every card and in the table on this page. The list is also checked against your country: a venue that restricts your market is replaced by the next eligible one. We never reorder for commercial reasons.
Questions
Frequently asked
Hyperliquid leads our dYdX alternatives comparison, scoring 8.8/10 on live fee, security and feature data.Lighter leads our dYdX alternatives comparison, scoring 7.5/10 on live fee, security and feature data.edgeX leads our dYdX alternatives comparison, scoring 7.2/10 on live fee, security and feature data.Derive leads our dYdX alternatives comparison, scoring 7.1/10 on live fee, security and feature data.GMX leads our dYdX alternatives comparison, scoring 6.8/10 on live fee, security and feature data.Aster leads our dYdX alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Extended leads our dYdX alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Aevo leads our dYdX alternatives comparison, scoring 6.3/10 on live fee, security and feature data.Paradex leads our dYdX alternatives comparison, scoring 6.2/10 on live fee, security and feature data.Nado leads our dYdX alternatives comparison, scoring 6.1/10 on live fee, security and feature data.Pacifica leads our dYdX alternatives comparison, scoring 6/10 on live fee, security and feature data.BullX leads our dYdX alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GRVT leads our dYdX alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GMTrade leads our dYdX alternatives comparison, scoring 4.8/10 on live fee, security and feature data.Ostium leads our dYdX alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Vest Markets leads our dYdX alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Helix leads our dYdX alternatives comparison, scoring 4.3/10 on live fee, security and feature data.
Of the alternatives that charge a trading fee, Extended has the lowest spot taker fee (0.025%).Of the alternatives that charge a trading fee, Aster has the lowest spot taker fee (0.04%).Of the alternatives that charge a trading fee, Helix has the lowest spot taker fee (0.05%).Of the alternatives that charge a trading fee, Hyperliquid has the lowest spot taker fee (0.07%).The comparison table on this page shows the spot fees of each alternative.
Yes. Hyperliquid allows trading without completing full KYC verification.Yes. Lighter allows trading without completing full KYC verification.Yes. edgeX allows trading without completing full KYC verification.Yes. Derive allows trading without completing full KYC verification.Yes. GMX allows trading without completing full KYC verification.Yes. Aster allows trading without completing full KYC verification.Yes. Extended allows trading without completing full KYC verification.Yes. Aevo allows trading without completing full KYC verification.Yes. Paradex allows trading without completing full KYC verification.Yes. GRVT allows trading without completing full KYC verification.Yes. Ostium allows trading without completing full KYC verification.Yes. Helix allows trading without completing full KYC verification.No. None of the alternatives open to you trades without identity verification.
Venues from the same exchange class as dYdX (DEX) lead the list, followed by strong venues of other classes. Each block is ordered by CWR Score, which weighs live fee, security, regulation and feature data, the same figures shown on every card and in the table on this page. The list is also checked against your country: a venue that restricts your market is replaced by the next eligible one. We never reorder for commercial reasons.
