✓Hyperliquid is our top-ranked GMX alternative (8.8/10).Lighter is our top-ranked GMX alternative (7.5/10).edgeX is our top-ranked GMX alternative (7.2/10).Derive is our top-ranked GMX alternative (7.1/10).dYdX is our top-ranked GMX alternative (6.9/10).Aster is our top-ranked GMX alternative (6.6/10).Extended is our top-ranked GMX alternative (6.6/10).Aevo is our top-ranked GMX alternative (6.3/10).Paradex is our top-ranked GMX alternative (6.2/10).Nado is our top-ranked GMX alternative (6.1/10).Pacifica is our top-ranked GMX alternative (6/10).BullX is our top-ranked GMX alternative (5.9/10).GRVT is our top-ranked GMX alternative (5.9/10).GMTrade is our top-ranked GMX alternative (4.8/10).Ostium is our top-ranked GMX alternative (4.7/10).Vest Markets is our top-ranked GMX alternative (4.7/10).Helix is our top-ranked GMX alternative (4.3/10).
✓Of the alternatives that charge a trading fee, Extended has the lowest spot taker fee (0.025%).Of the alternatives that charge a trading fee, Aster has the lowest spot taker fee (0.04%).Of the alternatives that charge a trading fee, Helix has the lowest spot taker fee (0.05%).Of the alternatives that charge a trading fee, Hyperliquid has the lowest spot taker fee (0.07%).Of the alternatives that charge a trading fee, dYdX has the lowest spot taker fee (0.1%).The comparison table on this page shows the spot fees of each alternative.
✓Hyperliquid lets you start trading without full identity verification.Lighter lets you start trading without full identity verification.edgeX lets you start trading without full identity verification.Derive lets you start trading without full identity verification.dYdX lets you start trading without full identity verification.Aster lets you start trading without full identity verification.Extended lets you start trading without full identity verification.Aevo lets you start trading without full identity verification.Paradex lets you start trading without full identity verification.GRVT lets you start trading without full identity verification.Ostium lets you start trading without full identity verification.Helix lets you start trading without full identity verification.None of the alternatives open to you trades without identity verification (KYC).
GMX runs on a liquidity pool model with no order book, so traders who want the depth and control of a central order book have to look elsewhere. Fees on GMX are dynamic and can climb, which makes the cost of a trade hard to predict. The platform leans heavily on wrapped tokens, and as a decentralized exchange it carries smart contract risk. The interface and setup can confuse someone new to this. There is no copy trading, no trading bots, no lending, no options, and no demo mode to practice in first.
What a replacement for GMX should offer
A replacement should match perpetual futures with up to 100x leverage across 103 coins and 120 markets, at a 0.04% maker fee and a 0.06% taker fee. The liquidity pool design keeps slippage low, which matters when you size up a position. Identity checks are optional on GMX, so if you value trading without handing over documents, check that in any alternative. It also offers spot trading, staking to earn on idle assets, and on-chain execution you can verify yourself. Deposits by crypto, card, Apple Pay and Google Pay are supported.
How to move from GMX to another exchange
Funds leave GMX by crypto withdrawal only, so you will need a wallet or an account that can receive on the right network. Close any open futures positions and unwind staking or pool deposits first, since those hold funds that cannot move until released. Identity checks are optional, which keeps the exit simple, and no fixed withdrawal cap stands in the way of a large transfer. Have the receiving side ready and send a small test amount first.
How we pick
Venues from the same exchange class as GMX (DEX) lead the list, followed by strong venues of other classes. Each block is ordered by CWR Score, which weighs live fee, security, regulation and feature data, the same figures shown on every card and in the table on this page. The list is also checked against your country: a venue that restricts your market is replaced by the next eligible one. We never reorder for commercial reasons.
Questions
Frequently asked
Hyperliquid leads our GMX alternatives comparison, scoring 8.8/10 on live fee, security and feature data.Lighter leads our GMX alternatives comparison, scoring 7.5/10 on live fee, security and feature data.edgeX leads our GMX alternatives comparison, scoring 7.2/10 on live fee, security and feature data.Derive leads our GMX alternatives comparison, scoring 7.1/10 on live fee, security and feature data.dYdX leads our GMX alternatives comparison, scoring 6.9/10 on live fee, security and feature data.Aster leads our GMX alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Extended leads our GMX alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Aevo leads our GMX alternatives comparison, scoring 6.3/10 on live fee, security and feature data.Paradex leads our GMX alternatives comparison, scoring 6.2/10 on live fee, security and feature data.Nado leads our GMX alternatives comparison, scoring 6.1/10 on live fee, security and feature data.Pacifica leads our GMX alternatives comparison, scoring 6/10 on live fee, security and feature data.BullX leads our GMX alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GRVT leads our GMX alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GMTrade leads our GMX alternatives comparison, scoring 4.8/10 on live fee, security and feature data.Ostium leads our GMX alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Vest Markets leads our GMX alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Helix leads our GMX alternatives comparison, scoring 4.3/10 on live fee, security and feature data.
Of the alternatives that charge a trading fee, Extended has the lowest spot taker fee (0.025%).Of the alternatives that charge a trading fee, Aster has the lowest spot taker fee (0.04%).Of the alternatives that charge a trading fee, Helix has the lowest spot taker fee (0.05%).Of the alternatives that charge a trading fee, Hyperliquid has the lowest spot taker fee (0.07%).Of the alternatives that charge a trading fee, dYdX has the lowest spot taker fee (0.1%).The comparison table on this page shows the spot fees of each alternative.
Yes. Hyperliquid allows trading without completing full KYC verification.Yes. Lighter allows trading without completing full KYC verification.Yes. edgeX allows trading without completing full KYC verification.Yes. Derive allows trading without completing full KYC verification.Yes. dYdX allows trading without completing full KYC verification.Yes. Aster allows trading without completing full KYC verification.Yes. Extended allows trading without completing full KYC verification.Yes. Aevo allows trading without completing full KYC verification.Yes. Paradex allows trading without completing full KYC verification.Yes. GRVT allows trading without completing full KYC verification.Yes. Ostium allows trading without completing full KYC verification.Yes. Helix allows trading without completing full KYC verification.No. None of the alternatives open to you trades without identity verification.
Venues from the same exchange class as GMX (DEX) lead the list, followed by strong venues of other classes. Each block is ordered by CWR Score, which weighs live fee, security, regulation and feature data, the same figures shown on every card and in the table on this page. The list is also checked against your country: a venue that restricts your market is replaced by the next eligible one. We never reorder for commercial reasons.
