| FEATURE | GMX | DRIFT |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.06% | 0.035% |
| Maker Fee | 0.04% | -0.0025% |
| Max Leverage | 100x | 101x |
| Perp Pairs | 87 | 40 |
| Spot Trading | Yes | Yes |
| KYC Required | No | No |
| Rating | 4.5 | 2.0 |
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
Drift
PROS
- + Up to 101x leverage available on SOL, BTC, and ETH perpetual markets via High Leverage Mode
- + Maker rebates up to -0.0033% at VIP tier, meaning makers earn a rebate on each trade
- + Cross-collateral system lets any supported asset (USDT, SOL, JLP, etc.) serve as margin for any position
CONS
- − MAJOR EXPLOIT: $270M stolen on April 1-2, 2026 via Solana durable nonces — protocol under recovery, relaunch pending
- − Only available on Solana — users on other chains must bridge assets
- − High Leverage Mode (up to 101x) charges 2x the bottom taker fee tier
Frequently Asked Questions
Is GMX or Drift better?
GMX has a higher rating (4.5 vs 2). Drift offers lower fees (0.035% vs 0.06%). Choose GMX for its features, and Drift for lower fees.
What are the fees on GMX vs Drift?
GMX charges 0.06% taker / 0.04% maker. Drift charges 0.035% taker / -0.0025% maker for perpetuals.