This notation is just wrong, on so many levels.
It should really be [tex]dx^3[/tex] or if you really wanted to be penandtic [tex](dx)^3[/tex], but that seems a little off to. Personally I like to use [tex]d\mathbf{x}[/tex], where [tex]\mathbf{x}[/tex] is understood to be "n" coordinates. But this too will give you problems if you scale coordinates, because if you make [tex]\mathbf{x}=2\mathbf{y}[/tex] you'll have [tex]d\mathbf{x}=2^n d\mathbf{y}[/tex], so be careful there.
OK, higher order derivatives are denoted as follows.
[tex]\frac{d^3 y}{dx^3}[/tex]
Note that the placement of the 3 in superscript is in different locations. There's a very good reason for this. The notation essentially means something like
[tex]\frac{d^3 y}{dx^3}\equiv\frac{d^3 y}{(dx)^3}\equiv\frac{d^3 y}{dxdxdx}\equiv\equiv \frac{d d d y}{dx dx dx}[/tex]
OK that last part there was especially horrific, but my point here,(with my highly nonstandard terms) is to get across that the superscript positions mean different things. The upper one means that the "d", differentiation, is being applied twice. The superscript on the bottom means that the differentiation is being taken with respect to dx in each case. The canonical expansion is of course:
[tex]\frac{d^3 y}{dx^3}\equiv\frac{d}{dx}\left(\frac{d}{dx}\left(\frac{d}{dx}\left(y\right)\right)\right)[/tex]
Note on the "top", lines "d" alone is repeated twice, and on the bottom all of "dx" is repeated.
Analagously, you should really use [tex]dx^3[/tex] for integrals.
[tex]\iiint f(x) dx^3 \equiv \iiint f(x) (dx_i)^3 \equiv \iiint f(x) dx_1dx_2dx_3[/tex]
OK a lot of that is nonsense, but if you wrote
[tex]\iiint f(x) d^3x[/tex]
It seems to imply that you mean to integrate three times with respect to the same variable x, not with respect to three different variables. Anyway this is why I prefer [tex]d\mathbf{x}[/tex].
This all goes back to the problem with our contemporary calculus notation. Specifically, it's crap, or in academic language, unsatisfactory. We mean what we say, but we do not always say what we mean. No one has come up with anything better however, so we're stuck with what we have unfortunately.