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EnsoTrade › Why is it moving › dYdX

Why is dYdX up or down today?

According to EnsoTrade order-flow data, DYDX is up 4.62% over 24h: short covering — price is rising while positions close, a structurally weaker rally. Longs are paying shorts (+0.0048%/8h), a crowded-long tilt; open interest fell 14.0% over the last 6h. Perp trades at a -0.149% discount to spot.

Source: EnsoTrade live order-flow · as of 2026-07-01T15:40:00Z · 15-min delayed (real-time free with a 3-day trial).

DYDX signals

Price$0.189
24h change+4.62%
Order-flow regimeSHORT_COVERING
Funding rate (8h)0.00484%
Open interest$4.75M
OI change (6h)-14.02%
See dYdX live on EnsoTrade →

What moves dYdX?

dYdX's short-term moves come from derivatives positioning, not just spot. EnsoTrade reads three live signals: funding (which side is crowded), open interest (new money vs unwinding), and order flow (which side of the book is absorbed). Together they show if a move is real or a trap.

Go deeper on dYdX: dYdX funding & crowding · dYdX order flow.

FAQ

Why is dYdX up or down today?
According to EnsoTrade order-flow data, DYDX is up 4.62% over 24h: short covering — price is rising while positions close, a structurally weaker rally. Longs are paying shorts (+0.0048%/8h), a crowded-long tilt; open interest fell 14.0% over the last 6h. Perp trades at a -0.149% discount to spot.
What is the funding rate on dYdX?
dYdX funding is 0.00484% per 8h — longs pay shorts (crowded long).
What is dYdX open interest?
$4.75M, down 14.02% in 6h.

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