| FEATURE | GRVT | PARADEX |
|---|---|---|
| Type | HYBRID | HYBRID |
| Taker Fee | 0.045% | 0% |
| Maker Fee | -0.0001% | 0% |
| Max Leverage | 50x | 50x |
| Perp Pairs | 184 | 63 |
| Spot Trading | Yes | Yes |
| KYC Required | No | No |
| Rating | 4.5 | 4.5 |
GRVT vs Paradex: key differences
Opening and closing a $10,000 position with market orders costs $0 on Paradex and $9.00 on GRVT at base-tier taker fees, a difference of $9.00 per round trip.
For limit orders, GRVT pays makers a 0.0001% rebate, while Paradex charges makers nothing.
GRVT lists 184 perpetual markets, Paradex lists 63.
GRVT is the more liquid venue, with $481M in 24-hour volume against $6M on Paradex (about 80 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 USDT, USDC on GRVT and in USDC on Paradex.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| GRVT | Paradex | |
|---|---|---|
| Taker round trip on $10,000 | $9.00 | $0 |
| Maker round trip on $10,000 | $0.02 rebate | $0 |
| Best-tier taker fee | 0.024% | 0% |
| BTC max leverage | 50x | 50x |
| Margin modes | cross, isolated | cross, isolated, portfolio |
| 24h volume | $481M | $6M |
| TVL | $34M | $32M |
| Custody | non-custodial | hybrid |
| Collateral | USDT, USDC | USDC |
| Deposit networks | Ethereum, Arbitrum, Base +4 more | Ethereum, Starknet, Arbitrum +19 more |
| Minimum order | $5 | $10 |
| Order types | 10 | 11 |
| Options | No | Yes |
| Mobile app | Yes | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | Yes |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 17 | 19 |
| Founded | 2022 | 2023 |
Choose GRVT if
- You place limit orders: makers earn a 0.0001% rebate.
- You trade smaller or newer markets: 184 perpetual pairs against 63.
- You trade size and need liquidity: $481M in 24-hour volume against $6M.
- You want a sign-up discount: 20% off fees through a referral link.
Choose Paradex if
- You mostly use market orders: 0% taker fee against 0.045% on GRVT.
- You trade options as well as perpetuals.
GRVT
PROS
- + Negative maker fees on perpetuals across all nine tiers, from -0.0001% at Level 1 to -0.003% at Level 9, so makers receive a rebate on every filled limit order
- + Self-custodial with optional KYC: users can sign up with only an email and trade without identity verification while keeping control of their funds
- + 184 perpetual markets, including 98 equity and index markets and 8 commodity markets such as gold (XAU) and crude oil, with up to 50x leverage on BTC and ETH
CONS
- − Only USDT and USDC are accepted as collateral; unified multi-collateral margin is targeted for Q4 2026 in the GRVT litepaper
- − Spot trading is limited to two pairs (GRVT/USDT and USDC/USDT), and options and dated futures are not available
- − Leverage is capped at 10x on 172 of the 184 perpetual markets; 50x applies only to BTC and ETH positions under 600,000 USD notional
Paradex
PROS
- + Zero trading fees for retail orders (0% maker and 0% taker) on all 63 perpetual futures markets, on dated options, and on spot
- + Private trading: positions, orders, entries, exits, and PnL are encrypted and hidden from other traders, which limits liquidation sniping and front-running
- + 63 perpetual markets beyond crypto, including GOOGL, META, MSFT, and MSTR, the US100 and US500 indices, gold, silver, copper, and crude oil, plus about 6,700 options contracts on 11 underlyings
CONS
- − USDC is the only collateral asset. Spot balances in other tokens count toward account value but cannot be used as margin for perpetuals
- − Not available to US and Canadian persons, residents of US territories, or people in Cuba, Iran, North Korea, Syria, Crimea, Donetsk, Luhansk, and Sevastopol
- − Pro orders sent through the standard API are not free: 0.003% maker since July 3, 2026 and 0.045% taker at the base tier, with a 0.0175% floor after all discounts
Frequently Asked Questions
Is GRVT or Paradex better?
Both exchanges are rated 4.5. Paradex offers lower fees (0% vs 0.045%). Choose GRVT for its features, and Paradex for lower fees.
What are the fees on GRVT vs Paradex?
GRVT charges 0.045% taker / -0.0001% maker. Paradex charges 0% taker / 0% maker for perpetuals.
Which has higher leverage, GRVT or Paradex?
GRVT offers up to 50x, and Paradex offers up to 50x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do GRVT and Paradex require KYC?
GRVT does not require KYC. Paradex does not require KYC. Both restrict some jurisdictions (GRVT lists 17; Paradex lists 19), so check the terms of service for your country before depositing.
Is GRVT or Paradex safer?
GRVT has been audited and runs an insurance fund, and custody is non-custodial. Paradex 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, GRVT or Paradex?
GRVT recorded $481M in 24-hour volume and Paradex recorded $6M, as of 2026-10-04. GRVT lists 184 perpetual markets and Paradex lists 63.