Side-by-side comparison of two perpetual futures exchanges — updated in real time.
edgeX and GMX v2 trade off between execution models: edgeX runs a fast off-chain orderbook on Ethereum L2, while GMX v2 uses oracle-based isolated pools on Arbitrum with multi-collateral support.
edgeX delivers low-latency orderbook execution across 101 markets with 100x leverage and fees of 0.02% maker / 0.05% taker. GMX v2 operates oracle-based GM pools on Arbitrum with 113 markets, 100x leverage, and higher fees at 0.04% maker / 0.06% taker. Both offer the same maximum leverage, but their execution models differ fundamentally. edgeX's orderbook provides continuous price discovery, while GMX v2's oracle model means execution at Chainlink prices with zero slippage within pool limits. GMX v2's major advantage is multi-collateral support — USDC, USDT, ETH, and BTC — versus edgeX's USDC only. GMX v2's isolated pool design means a problem in one market doesn't cascade to others, providing stronger risk guarantees for LPs. GMX v2 benefits from Arbitrum's mature DeFi ecosystem and the GMX protocol's years of battle-testing. edgeX offers lower fees across the board and a pre-TGE farming opportunity with 70% community allocation.
Choose edgeX for lower fees, fast orderbook execution, and pre-TGE airdrop farming potential. Choose GMX v2 for multi-asset collateral, battle-tested smart contracts, and composability within Arbitrum's DeFi ecosystem.
