Side-by-side comparison of two perpetual futures exchanges — updated in real time.
GMX v2 and ApeX represent the oracle-pool and orderbook approaches within the Ethereum ecosystem. GMX v2 offers multi-collateral Arbitrum pools, while ApeX provides a StarkEx-powered orderbook.
GMX v2 operates oracle-priced isolated GM pools on Arbitrum with 113 markets, 100x leverage, and fees of 0.04% maker / 0.06% taker. ApeX runs a StarkEx orderbook on Ethereum L2 with 40 markets, 30x leverage, and fees of 0.02% maker / 0.05% taker. GMX v2 offers 3x more leverage and nearly 3x more markets. ApeX has lower fees for both makers and takers, though the taker fee gap is small (0.05% vs 0.06%). GMX v2's standout feature is multi-collateral support — USDC, USDT, ETH, and BTC — versus ApeX's USDC/USDT. GMX v2's oracle model guarantees execution at market price within pool capacity, while ApeX's orderbook fill depends on available depth. ApeX's StarkEx infrastructure provides ZK-proof security, while GMX v2 relies on Arbitrum's optimistic rollup and Chainlink oracles. Both tokens are live with established ecosystems. GMX v2 benefits from Arbitrum's deep DeFi composability.
Choose GMX v2 for more markets (113 vs 40), higher leverage (100x vs 30x), and multi-asset collateral including ETH and BTC. Choose ApeX for lower trading fees, StarkEx ZK-rollup security, and a traditional orderbook experience.
