Extended vs GMX Comparison
| 0% maker / 0.025% taker | Fees | 0.04% maker / 0.06% taker (V2) |
ExtendedWinner
vs
GMX
Pros & Cons
Pros
- 0% maker fee, 0.025% taker
- Daily maker rebates based on maker share
- Very low network fees on Starknet
- Unified margin across several asset classes
- Self-custody
Cons
- Considerably smaller than the market leaders
- Around 50 trading pairs — a narrower list than competitors
- 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
4.3Usability4.3
4.3Features4.0
4.8Fees3.8
4.2Stability4.4
3.7Support3.5
Features
- Fee-free on the maker side
- Team with Revolut roots
- Cross-asset collateral and unified margin
- Network costs in the cents range
- Pool-based model instead of an order book
- No conventional slippage
- Leverage up to 100x
- Established protocol on Arbitrum
Details
ExtendedGMX
| Extended Finance | Company | GMX Protocol |
| Unknown (Decentralised team) | Headquarters | Decentralised, no registered office |