| FEATURE | GRVT | GMX |
|---|---|---|
| Type | HYBRID | DEX |
| Taker Fee | 0.045% | 0.06% |
| Maker Fee | -0.0001% | 0.04% |
| Max Leverage | 50x | 100x |
| Perp Pairs | 168 | 87 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 4.5 | 4.5 |
GRVT
PROS
- + Negative maker fees across all nine tiers, from -0.0001% at Level 1 to -0.003% at Level 9 — makers earn rebates instead of paying to provide liquidity
- + Self-custodial with optional KYC — users can sign up with only an email and trade without identity verification while keeping full control of funds
- + Around 168 perpetual markets spanning crypto and real-world assets, including gold (XAU), oil (WTI), and equities like Tesla, with up to 50x leverage on BTC
CONS
- − Only USDT and USDC accepted as collateral — no BTC, ETH, or multi-collateral margin support
- − Spot and options markets are not yet live — the platform is perpetuals-only, and even gold and stock exposure is traded via perps
- − KYC is still required to claim the upcoming $GRVT airdrop tokens at TGE and to lift the 50,000 USDT/day bridge withdrawal limit
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.