| FEATURE | AEVO | GRVT |
|---|---|---|
| Type | DEX | HYBRID |
| Taker Fee | 0.08% | 0.045% |
| Maker Fee | 0.05% | -0.0001% |
| Max Leverage | 20x | 50x |
| Perp Pairs | 102 | 184 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 4.2 | 4.5 |
Aevo vs GRVT: key differences
Opening and closing a $10,000 position with market orders costs $9.00 on GRVT and $16.00 on Aevo at base-tier taker fees, a difference of $7.00 per round trip.
For limit orders, Aevo charges makers 0.05%, while GRVT pays makers a 0.0001% rebate.
GRVT allows up to 50x leverage against 20x on Aevo. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
GRVT lists 184 perpetual markets, Aevo lists 102.
GRVT also has spot trading; Aevo is perpetuals only.
GRVT is the more liquid venue, with $481M in 24-hour volume against $2M on Aevo (about 241 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDC, USDT, aeUSD, ETH +2 more on Aevo and in USDT, USDC on GRVT.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Aevo | GRVT | |
|---|---|---|
| Taker round trip on $10,000 | $16.00 | $9.00 |
| Maker round trip on $10,000 | $10.00 | $0.02 rebate |
| Best-tier taker fee | 0.064% | 0.024% |
| BTC max leverage | 20x | 50x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $2M | $481M |
| TVL | $15M | $34M |
| Custody | non-custodial | non-custodial |
| Collateral | USDC, USDT, aeUSD, ETH +2 more | USDT, USDC |
| Deposit networks | Ethereum, Arbitrum, Base +1 more | Ethereum, Arbitrum, Base +4 more |
| Minimum order | $10 | $5 |
| Order types | 7 | 10 |
| Options | Yes | No |
| Mobile app | Yes | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 18 | 17 |
| Founded | 2022 | 2022 |
Choose Aevo if
- You trade options as well as perpetuals.
- You want to post margin in more than one asset.
Choose GRVT if
- You mostly use market orders: 0.045% taker fee against 0.08% on Aevo.
- You place limit orders: makers earn a 0.0001% rebate.
- You want higher leverage: up to 50x against 20x.
- You trade smaller or newer markets: 184 perpetual pairs against 102.
- You trade size and need liquidity: $481M in 24-hour volume against $2M.
- You want spot and perpetuals in one account.
Aevo
PROS
- + Options order book on BTC, ETH, SOL and HYPE next to 102 perpetual markets, all under one margin account with optional portfolio margin
- + 47 real-world asset perpetuals (US stocks, ETFs, gold, silver, oil, FX and pre-IPO names such as OpenAI) in addition to 55 crypto pairs
- + No KYC: trading starts after connecting an EVM wallet, and the exchange is non-custodial with settlement on the Aevo rollup
CONS
- − Maximum 20x leverage, and only on BTC, ETH, SOL, HYPE and ZEC; the other 97 perpetual markets are capped at 10x or 3x, far below GMX (100x) or Avantis (500x)
- − Base perpetual fees of 0.08% taker and 0.05% maker are higher than on Hyperliquid (0.045% taker), and makers pay a fee instead of getting a rebate
- − Low liquidity: about 2 million dollars of 24h perpetual volume and about 15 million dollars of TVL, which means thin order books on smaller pairs
GRVT
PROS
- + Negative maker fees on perpetuals across all nine tiers, from -0.0001% at Level 1 to -0.003% at Level 9, so makers receive a rebate on every filled limit order
- + Self-custodial with optional KYC: users can sign up with only an email and trade without identity verification while keeping control of their funds
- + 184 perpetual markets, including 98 equity and index markets and 8 commodity markets such as gold (XAU) and crude oil, with up to 50x leverage on BTC and ETH
CONS
- − Only USDT and USDC are accepted as collateral; unified multi-collateral margin is targeted for Q4 2026 in the GRVT litepaper
- − Spot trading is limited to two pairs (GRVT/USDT and USDC/USDT), and options and dated futures are not available
- − Leverage is capped at 10x on 172 of the 184 perpetual markets; 50x applies only to BTC and ETH positions under 600,000 USD notional
Frequently Asked Questions
Is Aevo or GRVT better?
GRVT has a higher rating (4.5 vs 4.2). GRVT offers lower fees (0.045% vs 0.08%). Choose Aevo for its features, and GRVT for lower fees.
What are the fees on Aevo vs GRVT?
Aevo charges 0.08% taker / 0.05% maker. GRVT charges 0.045% taker / -0.0001% maker for perpetuals.
Which has higher leverage, Aevo or GRVT?
Aevo offers up to 20x, and GRVT offers up to 50x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Aevo and GRVT require KYC?
Aevo does not require KYC. GRVT does not require KYC. Both restrict some jurisdictions (Aevo lists 18; GRVT lists 17), so check the terms of service for your country before depositing.
Is Aevo or GRVT safer?
Aevo has been audited and runs an insurance fund, and custody is non-custodial. GRVT has been audited and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, Aevo or GRVT?
Aevo recorded $2M in 24-hour volume and GRVT recorded $481M, as of 2026-10-04. Aevo lists 102 perpetual markets and GRVT lists 184.