| FEATURE | GRVT | GMX |
|---|---|---|
| Type | HYBRID | DEX |
| Taker Fee | 0.045% | 0.06% |
| Maker Fee | -0.0001% | 0.04% |
| Max Leverage | 50x | 100x |
| Perp Pairs | 96 | 87 |
| Spot Trading | No | Yes |
| KYC Required | Yes | No |
| Rating | 4.5 | 4.5 |
GRVT
PROS
- + Negative maker fees across all tiers, starting at -0.0001% at Level 1 and reaching -0.003% at Level 9 — traders earn rebates for providing liquidity
- + Sub-millisecond execution with up to 600,000 TPS on custom ZKsync Validium appchain, rivaling centralized exchange performance
- + Non-custodial smart account wallet eliminates counterparty risk — all settlements verified onchain via zero-knowledge proofs on Ethereum L1
CONS
- − KYC required via ComplyCube (document verification + biometrics) — unlike most DEXs, anonymous trading is not possible
- − Only USDT as trading collateral — no multi-collateral support with BTC, ETH, or stablecoins like USDC yet
- − Restricted in 9 jurisdictions including the US, Singapore, Hong Kong, Cuba, Iran, and North Korea
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
Frequently Asked Questions
Is GRVT or GMX better?
Both exchanges are rated 4.5. GRVT offers lower fees (0.045% vs 0.06%). Choose GRVT for lower fees, and GMX for higher leverage.
What are the fees on GRVT vs GMX?
GRVT charges 0.045% taker / -0.0001% maker. GMX charges 0.06% taker / 0.04% maker for perpetuals.