Side-by-side comparison of two perpetual futures exchanges — updated in real time.
GMX v2 and Drift represent oracle-based Arbitrum pools versus a hybrid Solana orderbook. GMX v2 excels in collateral flexibility, while Drift provides a full DeFi suite with maker rebates.
GMX v2 uses isolated GM pools with Chainlink oracles on Arbitrum, offering 113 markets with 100x leverage and fees of 0.04% maker / 0.06% taker. Drift runs on Solana with a hybrid DLOB, listing 53 markets with 20x leverage, maker rebates of 0.0025%, and a 0.035% taker fee. GMX v2 offers 5x more leverage, double the markets, and multi-collateral support (USDC, USDT, ETH, BTC). Drift counters with significantly lower fees — its taker fee is 42% less — and actually pays makers through rebates. Drift's comprehensive platform includes spot trading, borrow-lend, and Insurance Fund vault, making it more than just a perp DEX. GMX v2's isolated pool model provides robust risk isolation, while Drift's hybrid DLOB combines on-chain settlement with keeper-managed order matching. GMX v2 benefits from Arbitrum's deep DeFi ecosystem; Drift has Solana's speed and growing DeFi landscape. Both tokens are live with active reward programs.
Choose GMX v2 for higher leverage (100x vs 20x), more markets, multi-asset collateral, and Arbitrum's composability. Choose Drift for lower fees, maker rebates, a complete DeFi suite, and Solana's fast execution environment.
