Trading

The standard perpetual-trading fees are 7.5 bips for Takers and -2.5 bips for Makers (i.e. a 2.5 bip refund).

The standard spot-trading and margin-trading fees are 0 bips for Makers, 15 bips for Takers on ETH pairs, and 5 bips for Takers on the DAI-USDC pair.

There are larger Taker fees for small orders. Read more here

  • The gas costs for each trade are completely covered by dYdX. Users only need to sign their order. When orders are matched, dYdX will send the transaction and pay the gas cost for the trade.

Borrowing

Borrowing rates float depending on supply and demand and can be found on the Markets page.

Deposits and Withdrawals

There are no fees associated with deposits or withdraws on dYdX. However, the user is responsible for the gas cost of the deposit/withdraw transaction.

Lending

5% of all interest payments from borrowers are set aside to fund an insurance pool for the protocol. The rest of the interest payments are forwarded to lenders (prorated by the amount each lender is lending). The rate showed to lenders on the UI is the rate lenders receive; the 5% is already accounted for.

Liquidations

Liquidating a position requires a trade whereby the collateral of the position is sold to repay the borrowed funds. This trade carries a 5% price spread fee.

Expirations

Expiring a position requires a trade whereby the collateral of the position is used to repay the borrowed funds. This trade carries a 1% price spread fee.

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