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Home/Compare/GMX v2 vs Hyperliquid

GMX v2 vs Hyperliquid

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

Metric

Chain

Arbitrum

Hyperliquid L1

Type

Oracle

Orderbook

24h Volume

$202M

$5.38B

Open Interest

$69.4M

$5.59B

Maker Fee

0.040%

0.015%

Taker Fee

0.060%

0.045%

Max Leverage

100×

50×

Markets

113

190

Collateral

USDC, USDT, ETH, BTC

USDC

Funding Interval

1h

1h

Airdrop Status

$GMX

$HYPE

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

Hyperliquid — Pros & Cons

Pros

Deep liquidity and tight spreads
Sub-second finality on native L1
Zero gas fees for trading

Cons

Single-chain ecosystem
Centralized sequencer
Limited DeFi composability

Trade on GMX v2 →Trade on Hyperliquid →

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