GMX vs Hyperliquid
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.
Hyperliquid is cheaper right now for a $100K BTC futures trade — $10.00 less per trade (4.40 bps vs 5.40 bps).
| At $100K · futures | GMX | Hyperliquid |
|---|---|---|
| Rank of all venues | #31 | #16 |
| All-in cost | 5.40 bps | 4.40 bps |
| On a $100K trade | $54.00 | $44.00 |
| Fee (after discounts) | 5.40 bps | 4.32 bps |
| Spread | 0.00 bps | 0.08 bps |
| Slippage | 0.00 bps | 0.00 bps |
Who wins at your size?
Fees are flat; depth is not. The cheaper venue can flip as order size grows.
| Size | GMX | Hyperliquid | Cheaper |
|---|---|---|---|
| $10K | $5.40 | $4.40 | Hyperliquid |
| $100K | $54.00 | $44.00 | Hyperliquid |
| $1M | $540.00 | $482.00 | Hyperliquid |
| $10M | $5.4K | $6.2K | GMX |
Trade on Hyperliquid — cheaper right now
Our link cuts the fee 4%, applied automatically.
Trade on Hyperliquid−4% fees