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GMX v2 vs Kinetiq Markets

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

Metric

Kinetiq Markets

Chain

Arbitrum, MegaETH

Hyperliquid L1

Type

Oracle

Oracle

24h Volume

$109M

—

Open Interest

$53.2M

—

Maker Fee

0.040%

0.030%

Taker Fee

0.060%

0.090%

Max Leverage

100×

50×

Markets

113

23

Collateral

USDC, USDT, ETH, BTC

USDH

Funding Interval

1h

1h

Airdrop Status

$GMX

$KNTQ

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

Kinetiq Markets — Pros & Cons

Pros

Unique TradFi asset focus (equities, indices, commodities)
Built on Hyperliquid L1 — fast execution
kHYPE liquid staking integration

Cons

USDH-only collateral
Fewer markets than crypto-focused DEXes (~23)
Dependent on Hyperliquid ecosystem

Trade on GMX v2 →Trade on Kinetiq Markets →

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