dYdX Dex — Decentralized Perps & Orderbook DEX

A leading decentralized derivatives exchange offering orderbook-style perpetuals, margin, and pro trading features with on‑chain settlement.

Overview

dYdX is a decentralized exchange focused on perpetual futures and margin trading. It provides an orderbook-based trading experience, low-latency execution, and advanced order types for professional traders while keeping custody decentralized.

Key features

  • Orderbook trading: Limit, market, and advanced order types for precise control.
  • Perpetual markets: Trade with leverage and transparent funding mechanics.
  • Non‑custodial: Connect with supported wallets to maintain control of your keys.
  • High performance: Engineered for low latency and tight spreads to support active trading.
  • APIs & integrations: Programmatic trading and market data for algos and bots.

How to start trading

  1. Visit the official dYdX site via the single official link in the sidebar.
  2. Connect a supported wallet (e.g., MetaMask, WalletConnect, or recommended wallets).
  3. Deposit collateral into the exchange's margin account as instructed.
  4. Select a market, set leverage and order type, then submit your order.
  5. Monitor positions, margin ratios, and funding rates from the dashboard.

Security & best practices

  • Confirm the official domain (dydx.exchange) and SSL certificate before connecting.
  • Use hardware wallets for large balances and withdrawals.
  • Understand liquidation mechanics and never trade more leverage than you can afford to lose.
  • Check audit reports and official docs for contract addresses and risk parameters.

Note: Supported networks, leverage limits, and available markets may change. Always review the official docs and announcements before trading.