ApeX Protocol vs GMX Comparison
| 0.02% maker / 0.05% taker | Fees | 0.04% maker / 0.06% taker (V2) |
ApeX Protocol
vs
GMXWinner
Pros & Cons
Pros
- No gas costs for users
- Perpetuals on equities, commodities and prediction markets too
- Around 90 crypto perpetuals, up to 100x leverage on BTC and ETH
- Operating since 2022 with no known loss of user funds
- Well-known backers
Cons
- Considerably lower volume than the market leaders
- Thinner order books in secondary markets
- No EU authorisation
- Support runs through community channels
Pros
- Trading against a liquidity pool — no order-book slippage
- Oracle-based pricing
- 100+ perpetual contracts at up to 100x leverage
- Live on several chains, centred on Arbitrum
- Long operating history in DeFi
Cons
- More expensive than fee-free order-book competitors
- Ongoing funding costs weigh on longer holding periods
- Dependence on oracle pricing as a structural risk factor
- No EU authorisation
Score Comparison
4.4Usability4.3
4.1Features4.0
4.3Fees3.8
4.2Stability4.4
3.5Support3.5
Features
- No gas costs
- Crypto, equity and commodity perpetuals in one interface
- Operating since 2022 without a known security incident
- Up to 100x leverage on the main markets
- Pool-based model instead of an order book
- No conventional slippage
- Leverage up to 100x
- Established protocol on Arbitrum
Details
ApeX ProtocolGMX
| ApeX Protocol (by Bybit) | Company | GMX Protocol |
| Singapore | Headquarters | Decentralised, no registered office |