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Software · head to head

dYdX vs Redash

dYdX logo

dYdX

Software

Decentralized perpetual trading

From
Free
Rated
-
Full reviewWebsite
Redash logo

Redash

Software

Connect and visualize your data

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: dYdX newer platform with smaller liquidity pools compared to centralized exchanges; Redash a basic self-hosted deployment needs a minimum of 4GB of RAM, and more RAM and CPU as background workers and API processes grow
  • They diverge on capability: dYdX covers Perpetual Contracts, Redash covers SQL Query Editor.

Where they differ

Only the attributes on which dYdX and Redash actually diverge.

Attributes where dYdX and Redash differ
AttributedYdXRedash
Pricing modelfreefreemium
PlatformsWebWeb, Self-hosted, Cloud
Founded20172013

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in dYdX

  • Perpetual Contracts
  • Cross Margin
  • Portfolio Margin
  • Governance
  • DYDX Token
  • Cosmos SDK

Only in Redash

  • SQL Query Editor
  • Multiple Data Sources
  • Visualizations
  • Dashboards
  • Alerts
  • PostgreSQL
  • MySQL
  • BigQuery

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

dYdX

  • Definot Redash
  • Dexnot Redash
  • Derivativesnot Redash

Redash

  • Self-hosted SQL query editor and dashboarding over existing databasesnot dYdX
  • Sharing scheduled query results with a team without buying a BI licencenot dYdX

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

dYdX

  • Newer platform with smaller liquidity pools compared to centralized exchanges
  • Requires cryptocurrency wallet for trading, adding friction for new users
  • Limited fiat on/off ramps compared to centralized alternatives like Coinbase

Redash

  • A basic self-hosted deployment needs a minimum of 4GB of RAM, and more RAM and CPU as background workers and API processes grow
  • The official Docker images were not updated for V10, so the documented route is to deploy a V8 instance and then upgrade it
  • Anyone not using a provided cloud image has to configure the environment variables and secrets by hand

Pricing, plan by plan

dYdX

Free
  • FreeFree
    • Perpetual trading
    • Governance
    • Staking

Redash

Free
  • Open SourceFree
    • Full Features
    • Self-hosted
    • Community Support
  • Cloud$49/month
    • Managed Hosting
    • Automatic Updates
    • Support

Which should you pick?

Choose dYdX if

  • You need perpetual contracts.
  • You want to start without paying.
  • You also want cross margin.
dYdX review

Choose Redash if

  • You need sql query editor.
  • You want to start without paying.
  • You work on Web, Self-hosted, Cloud.
  • You also want multiple data sources.
Redash review

Questions people ask

Is dYdX or Redash better?
Neither clearly leads. dYdX starts at Free and Redash at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, dYdX or Redash?
dYdX starts at Free and Redash at Free.
Does dYdX or Redash run on more platforms?
dYdX runs on Web. Redash runs on Web, Self-hosted, Cloud.
Can I use dYdX for free?
Both have a free tier, so you can try either at no cost before committing.
What is dYdX best used for?
dYdX is most often used for defi, dex, derivatives. Of those, defi and dex are not what Redash is typically brought in for.
What can dYdX do that Redash cannot?
dYdX covers Perpetual Contracts, Cross Margin, Portfolio Margin, Governance. Redash covers SQL Query Editor, Multiple Data Sources, Visualizations, Dashboards. Both handle Web support.

Answered from the vendors’ own pages

dYdX: What type of trading does dYdX specialize in?

dYdX is a decentralized platform for perpetuals and margin trading, allowing professional traders to trade crypto derivatives without expiry dates. Built on ZK-rollup technology, it enables trading 143+ cryptocurrencies with leverage up to 50x on selected contracts.

Source
dYdX: How does dYdX maintain decentralization?

dYdX governance is fully community-driven, meaning token holders decide on protocol upgrades, fee structures, and risk parameters. The platform distributes 100% of its trading fees to stakers.

Source
dYdX: What are dYdX's gas fee advantages?

Built on StarkWare's ZK-rollup technology, dYdX enables trading with near-zero gas fees while users maintain full custody of their assets.

Source
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