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Home/Compare/Kinetiq Markets vs GMX v2

Kinetiq Markets vs GMX v2

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

Metric
Kinetiq Markets
Kinetiq Markets
GMX v2
GMX v2
Chain
Hyperliquid L1
Arbitrum, MegaETH
Type
Oracle
Oracle
24h Volume
—
$109M
Open Interest
—
$53.2M
Maker Fee
0.030%
0.040%
Taker Fee
0.090%
0.060%
Max Leverage
50×
100×
Markets
23
113
Collateral
USDH
USDC, USDT, ETH, BTC
Funding Interval
1h
1h
Airdrop Status
$KNTQ
$GMX

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

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
Trade on Kinetiq Markets →Trade on GMX v2 →

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