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dYdX vs GMX

Same trade, two venues, full execution cost — fee, spread and slippage measured on live BTC order books, not copied from fee pages. Numbers refresh every minute.

GMX is cheaper right now for a $100K BTC futures trade — $33.92 less per trade (3.60 bps vs 6.99 bps).

At $100K · futuresdYdXGMX
Rank of all venues#40#7
All-in cost6.99 bps3.60 bps
On a $100K trade$69.92$36.00
Fee (after discounts)5.00 bps3.60 bps
Spread0.31 bps0.00 bps
Slippage1.68 bps0.00 bps

Who wins at your size?

Fees are flat; depth is not. The cheaper venue can flip as order size grows.

SizedYdXGMXCheaper
$10K$5.42$3.60GMX
$100K$69.92$36.00GMX
$1M$1.2K$360.00GMX
$10M$42.3K$5.4KGMX

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Direct link — the ranking above is pure measurement.

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Trade on GMX — cheaper right now

Our link cuts the fee 10%, applied automatically.

Trade on GMX−10% fees
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