| FEATURE | GMX | PARADEX |
|---|---|---|
| Type | DEX | HYBRID |
| Taker Fee | 0.06% | 0% |
| Maker Fee | 0.04% | 0% |
| Max Leverage | 100x | 50x |
| Perp Pairs | 87 | 76 |
| Spot Trading | Yes | Yes |
| KYC Required | No | No |
| Rating | 4.5 | 4.5 |
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
Paradex
PROS
- + Zero trading fees for retail users — 0% maker and 0% taker — across all 76 perpetual futures markets; professional and API takers pay just 0.02%
- + Privacy-preserving trading via zk-encrypted accounts hides positions, entries, exits, and PnL from public view, preventing MEV and liquidation sniping
- + 2,200+ markets from one unified USDC account: 76 crypto and RWA perps (including GOOGL, MSTR, silver, and oil), 2,100+ options, and spot
CONS
- − USDC-only collateral — no multi-collateral support, limiting flexibility for traders holding other assets
- − Restricted for US and Canadian persons and sanctioned jurisdictions; VPN circumvention is explicitly prohibited in the Terms of Service
- − Spot trading is limited to just two pairs (ETH and DIME) — the venue is overwhelmingly perps- and options-focused
Frequently Asked Questions
Is GMX or Paradex better?
Both exchanges are rated 4.5. Paradex offers lower fees (0% vs 0.06%). Choose GMX for higher leverage, and Paradex for lower fees.
What are the fees on GMX vs Paradex?
GMX charges 0.06% taker / 0.04% maker. Paradex charges 0% taker / 0% maker for perpetuals.