Funding Rates and Fees

Learn how funding rates keep the perp price aligned with spot and understand Dexly low-fee structure.

Last updated: 2025-12-25|7 min read

Understanding Funding Rates

Because perpetuals don't have an expiry date, funding rates are used to ensure the price stays close to the actual "Spot" price of the asset.

How it Works
If the Perp price is higher than Spot, Longs pay Shorts. If the Perp price is lower than Spot, Shorts pay Longs. Funding is calculated continuously but applied every hour.

Funding Arbitrage

Funding rates aren't just a cost; for some, they are a revenue stream. Funding arbitrage is a popular strategy used by professional traders on Dexly.

Strategy Tip
Traders can go Long on highly liquid Spot markets and simultaneously go Short on Dexly perps when funding is positive (Longs pay Shorts), effectively "farming" the funding rate with minimal price exposure.

Trading Fee Structure

Dexly inherits the Hyperliquid fee model—built for high-volume traders who value transparency.

Maker Fee (Limit Orders)

0.01%

You provide liquidity to the orderbook by placing limit orders that aren't filled immediately.

Taker Fee (Market Orders)

0.035%

You take liquidity from the orderbook by placing orders that are filled immediately.

Slippage and Spread

Spread is the difference between the highest buy order and lowest sell order. Dexly order book is highly liquid, meaning tight spreads even for large positions.

Risk Warning: Trading perpetual futures involves significant risk of loss. Only trade with capital you can afford to lose. Dexly is a non-custodial interface; you are responsible for your own funds and trading decisions.

Frequently Asked Questions