| FEATURE | GMX | AEVO |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.06% | 0.08% |
| Maker Fee | 0.04% | 0.05% |
| Max Leverage | 100x | 20x |
| Perp Pairs | 87 | 144 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 4.5 | 4.2 |
GMX
PROS
- + Low dynamic perpetual trading fees starting at 0.04% for balance-improving trades, reduced from 0.05% in January 2025
- + Up to 100x leverage on BTC, ETH, and other major perpetual pairs with isolated margin
- + Multichain deployment across 8 networks including Arbitrum, Avalanche, Ethereum, Base, and Solana
CONS
- − US users are geo-restricted at the frontend level, along with several sanctioned countries
- − No native mobile app — requires third-party wallet dApp browsers for mobile trading
- − Dynamic fee model (0.04%-0.06%) can be less predictable than fixed-fee exchanges
Aevo
PROS
- + Rare on-chain options markets alongside 144 perpetual pairs — one of the only DEXs offering vanilla options and perps under a single unified margin account
- + Competitive perpetual fees of 0.08% taker / 0.05% maker, with options at 0.05% / 0.03% and up to a 20% fee discount for AEVO stakers
- + No KYC required — non-custodial trading by connecting any EVM wallet, accessible globally except the US, Canada, and China
CONS
- − Maximum 20x leverage on perpetuals is well below competitors like GMX (100x) and Avantis (500x), limiting appeal for high-leverage traders
- − TVL of roughly $15M is far smaller than leading perpetual DEXs such as Hyperliquid, which can reduce depth on lower-volume pairs
- − The full 20% fee discount requires staking AEVO with lock-ups of up to 12 months, so casual traders pay standard rates
Frequently Asked Questions
Is GMX or Aevo better?
GMX has a higher rating (4.5 vs 4.2). GMX offers lower fees (0.06% vs 0.08%). Choose GMX for lower fees, and Aevo for its features.
What are the fees on GMX vs Aevo?
GMX charges 0.06% taker / 0.04% maker. Aevo charges 0.08% taker / 0.05% maker for perpetuals.