Side-by-side comparison of two perpetual futures exchanges — updated in real time.
GMX v2 and Gains Network are both established oracle-based perp platforms on Arbitrum, but they differ in asset coverage, leverage, and pool design.
GMX v2 uses isolated GM pools with Chainlink oracles on Arbitrum, listing 113 markets with 100x leverage and fees of 0.04% maker / 0.06% taker. Gains Network operates across Arbitrum, Polygon, and Base with 290 markets spanning crypto, forex, stocks, commodities, and indices. Gains Network offers up to 1000x leverage on forex (150x crypto) and charges a flat 0.05% for both maker and taker. On crypto pairs, GMX v2's maker fee is lower (0.04%) but the taker fee is higher (0.06% vs 0.05%). Gains Network's multi-asset coverage dwarfs GMX v2's crypto-focused catalog — 290 vs 113 markets across more asset classes. GMX v2's isolated GM pools provide per-market risk isolation, while Gains Network uses a single vault model. GMX v2 accepts multi-collateral (USDC, USDT, ETH, BTC); Gains Network accepts USDC and DAI. Both have live tokens: GMX and GNS, with GNS featuring a unique deflationary buyback-and-burn model. Both protocols have been running since 2021.
Choose GMX v2 for multi-asset collateral, isolated risk pools, and deep Arbitrum composability. Choose Gains Network for the widest asset coverage (forex, stocks, commodities), up to 1000x forex leverage, and multi-chain deployment.
