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Home/Compare/GMX v2 vs dYdX

GMX v2 vs dYdX

Side-by-side comparison of two perpetual futures exchanges — updated in real time.

Metric
GMX v2
GMX v2
dYdX
dYdX
Chain
Arbitrum
dYdX Chain
Type
Oracle
Orderbook
24h Volume
$202M
$228M
Open Interest
$69.4M
$75.5M
Maker Fee
0.040%
-0.011%
Taker Fee
0.060%
0.030%
Max Leverage
100×
25×
Markets
113
188
Collateral
USDC, USDT, ETH, BTC
USDC
Funding Interval
1h
1h
Airdrop Status
$GMX
$DYDX

GMX v2 — Pros & Cons

Pros

  • Battle-tested protocol
  • Deep Arbitrum ecosystem
  • Isolated market pools reduce risk

Cons

  • Oracle dependency
  • Higher fees than orderbook DEXs
  • Complex LP mechanics

dYdX — Pros & Cons

Pros

  • Own sovereign L1 chain
  • 188 markets
  • Maker rebates
  • DYDX token live

Cons

  • Volume has declined vs competitors
  • Cosmos chain less accessible
  • Complex bridging
Trade on GMX v2 →Trade on dYdX →

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