dYdX vs GMX
A detailed comparison of dYdX and GMX covering fees, liquidity, supported chains, features, and more to help you choose the right DEX.
Side-by-Side Comparison
Supported Chains
dYdX
1 chainsGMX
2 chainsFee Calculator
See exactly how much you would pay in fees for a $1,000 swap on each exchange.
dYdX
GMX
Savings: You save $3.00 per $1,000 trade by using dYdX. That's $1095 saved annually on one trade per day.
Pros & Cons
dYdX
Pros
- True order book matching
- No gas fees on trades
- Maker rebates (negative fees)
- Professional-grade platform
Cons
- Derivatives only (no spot trading)
- Requires bridging to dYdX Chain
- Limited perpetual markets
GMX
Pros
- Real yield from fees (ETH/AVAX)
- Zero price impact up to limits
- Both spot and perpetuals
- Strong Arbitrum presence
Cons
- Liquidity pool has directional risk
- Limited to major trading pairs
- Higher fees than centralized venues
Features
dYdX
6 featuresGMX
6 featuresWhich Should You Choose?
Both dYdX and GMX are excellent choices. Your decision should be based on which chains you use and which specific features matter most to your trading style.
dYdX
Choose dYdX if you value lower trading fees, higher trading volume.
GMX
Choose GMX if you prioritize deeper liquidity, broader multi-chain support.
Security Note: Both dYdX (audited by Trail of Bits, Informal Systems, Peckshield) and GMX (audited by ABDK, Quantstamp) have been independently audited. Always verify audits and do your own research before depositing funds.
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