GMX vs Paradex Comparison
| 0.04% maker / 0.06% taker (V2) | Fees | 0% for retail; pro/API 0.002% / 0.02% |
GMX
vs
ParadexWinner
Pros & Cons
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
Pros
- Fee-free trading for retail across 100+ markets
- Dedicated appchain with CEX-grade execution
- Privacy perpetuals with position data not openly visible
- Self-custody
- Clearly separated fee model for professional and API accounts
Cons
- No EU authorisation
- Smaller market selection than the largest competitors
- Support runs through community channels
- Tax reporting rests entirely with the user
Score Comparison
4.3Usability4.7
4.0Features4.4
3.8Fees4.9
4.4Stability4.3
3.5Support3.6
Features
- Pool-based model instead of an order book
- No conventional slippage
- Leverage up to 100x
- Established protocol on Arbitrum
- Fee-free for retail users
- Dedicated Starknet appchain
- Privacy perpetuals
- Own token DIME since March 2026
Details
GMXParadex
| GMX Protocol | Company | Paradigm / Paradex |
| Decentralised, no registered office | Headquarters | United States |