| FEATURE | GMX | STANDX |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.06% | 0.04% |
| Maker Fee | 0.04% | 0.01% |
| Max Leverage | 100x | 40x |
| Perp Pairs | 103 | 13 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 4.4 | 3.5 |
GMX vs StandX: key differences
Opening and closing a $10,000 position with market orders costs $8.00 on StandX and $12.00 on GMX at base-tier taker fees, a difference of $4.00 per round trip.
For limit orders, GMX charges makers 0.04%, while StandX charges makers 0.01%.
GMX allows up to 100x leverage against 40x on StandX. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
GMX lists 103 perpetual markets, StandX lists 13.
GMX also has spot trading; StandX is perpetuals only.
StandX is the more liquid venue, with $322M in 24-hour volume against $83M on GMX (about 3.9 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, WETH, ETH +4 more on GMX and in DUSD on StandX.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| GMX | StandX | |
|---|---|---|
| Taker round trip on $10,000 | $12.00 | $8.00 |
| Maker round trip on $10,000 | $8.00 | $2.00 |
| Best-tier taker fee | 0.054% | 0.04% |
| BTC max leverage | 100x | 40x |
| Margin modes | isolated | cross, isolated |
| 24h volume | $83M | $322M |
| TVL | $246M | $26M |
| Custody | non-custodial | hybrid |
| Collateral | USDC, USDT, WETH, ETH +4 more | DUSD |
| Deposit networks | Arbitrum, Avalanche, MegaETH +4 more | BNB Chain, Solana |
| Minimum order | $2 | — |
| Order types | 6 | 7 |
| Options | No | No |
| Mobile app | No | No |
| Testnet or demo | No | No |
| Vaults or copy trading | No | No |
| Insurance fund | No | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 9 | 35 |
| Founded | 2021 | 2024 |
Choose GMX if
- You want higher leverage: up to 100x against 40x.
- You trade smaller or newer markets: 103 perpetual pairs against 13.
- You want spot and perpetuals in one account.
- You want to post margin in more than one asset.
- You want a sign-up discount: 5% off fees through a referral link.
Choose StandX if
- You mostly use market orders: 0.04% taker fee against 0.06% on GMX.
- You place limit orders: 0.01% maker fee against 0.04% on GMX.
- You trade size and need liquidity: $322M in 24-hour volume against $83M.
GMX
PROS
- + Perpetual position fees of 0.04% for trades that improve the long/short balance and 0.06% otherwise; gold, silver, QQQ, and SPY markets charge 0.01% or 0.02% during market hours
- + Up to 100x leverage on BTC, ETH, gold, silver, and oil markets, and up to 50x on the QQQ and SPY index markets during trading hours
- + 103 perpetual markets on Arbitrum covering crypto assets, commodities (gold, silver, WTI, Brent, natural gas), and US indices (QQQ, SPY)
CONS
- − The Terms and Conditions bar U.S. Persons and residents of countries under US, UK, or EU sanctions, and prohibit using a VPN to get around the restriction
- − No native mobile app; mobile trading requires a wallet browser or WalletConnect
- − Staking rewards have been suspended since 4 March 2026: bought-back GMX stays in the Treasury until the GMX price reaches 90 USD
StandX
PROS
- + Flat fees of 0.01% maker and 0.04% taker on all 13 markets, confirmed by both the StandX fee page and the public API
- + Margin is held in DUSD, which earns yield from staking and funding payments while it sits in the Perps Wallet, with no staking step
- + Up to 40x leverage on BTC, ETH, gold (XAU), silver (XAG), and crude oil (CL), with cross and isolated margin modes
CONS
- − Only 13 perpetual markets as of October 4, 2026, and no spot trading
- − DUSD is the only collateral, and redeeming it for USDT or USDC through StandX has a 7-day lock and a protocol fee; the faster exit is a swap on PancakeSwap or Raydium at the market price
- − 24-hour volume of about 322 million dollars against open interest of about 44 million dollars (CoinGecko, October 4, 2026) is a ratio above 7 to 1 while a points program rewards trading, and the StandX docs still cite roughly 700 million dollars of daily volume
Frequently Asked Questions
Is GMX or StandX better?
GMX has a higher rating (4.4 vs 3.5). StandX offers lower fees (0.04% vs 0.06%). Choose GMX for higher leverage, and StandX for lower fees.
What are the fees on GMX vs StandX?
GMX charges 0.06% taker / 0.04% maker. StandX charges 0.04% taker / 0.01% maker for perpetuals.
Which has higher leverage, GMX or StandX?
GMX offers up to 100x, and StandX offers up to 40x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do GMX and StandX require KYC?
GMX does not require KYC. StandX does not require KYC. Both restrict some jurisdictions (GMX lists 9; StandX lists 35), so check the terms of service for your country before depositing.
Is GMX or StandX safer?
GMX has been audited and has no insurance fund on record here, and custody is non-custodial. StandX has been audited and runs an insurance fund, and custody is hybrid. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, GMX or StandX?
GMX recorded $83M in 24-hour volume and StandX recorded $322M, as of 2026-10-04. GMX lists 103 perpetual markets and StandX lists 13.