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Hyperliquid vs GMX: which perp DEX is better?
A side-by-side comparison of Hyperliquid and GMX on fees, leverage, volume, chain and token.
| Hyperliquid | GMX |
|---|
| 24h volume | $2.90B | $175M |
| Maker fee | 1.5 bps | 4 bps |
| Taker fee | 4.5 bps | 6 bps |
| Max leverage | 50x | 100x |
| Model | Orderbook | Pool |
| Chain | Hyperliquid L1 | Arbitrum |
| Token | $HYPE | $GMX |
| Assets | Crypto | Crypto |
Hyperliquid vs GMX: which should you choose?
If your priority is cost, Hyperliquid wins on taker fees (4.5 bps). For maximum leverage, GMX goes up to 100x. For depth and liquidity, Hyperliquid trades the most volume of the two.
Hyperliquid runs a orderbook on Hyperliquid L1, while GMX runs a pool on Arbitrum. Read the full profiles: Hyperliquid and GMX.
FAQ
- Is Hyperliquid or GMX cheaper?
- Hyperliquid has the lower taker fee (4.5 bps vs 6 bps). Funding rates also affect total cost, so check both before trading.
- Which has higher leverage, Hyperliquid or GMX?
- GMX offers more, up to 100x, versus 50x. Higher leverage means higher liquidation risk.
- Which is bigger, Hyperliquid or GMX?
- Hyperliquid has more listed 24h volume ($2.90B), which usually means deeper liquidity and less slippage.
More comparisons
Not financial advice. Volume figures are compiled from each venue's public data on our
live rankings and may lag; fees, leverage and token status are curated and can change. Always verify on the exchange before trading. Perpetual futures are high risk and leverage can liquidate your position.