Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
Trading| Provider | All-in cost | All-in at $100k | All-in at $1M |
|---|---|---|---|
| edgeX | 0.047% | 0.051% | 0.053% |
| GMX | 0.060% | 0.060% | 0.060% |
View
edgeXn/aGMXn/a
edgeX vs GMX
edgeX leads on 1 of 5 shared benchmarks, GMX on 4. edgeX wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.047% vs 0.060%). GMX wins on Perp DEX cost invariance (1.000x vs 1.120x), Perp DEX price to fees (1.465x vs 3.37x), Perp DEX volume to open interest (0.660x vs 1.669x), Price to fees across DeFi (1.437x vs 3.38x). Data as of 2026-10-06 UTC.
edgeX
StarkEx-settled perp DEX with low taker fees and a documented public REST API.
GMX
Perp DEX on Arbitrum and Avalanche. Pool-based execution against GLP and GM vaults, oracle-priced trades with no orderbook.
Side by side measurements
Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked
Trading| Provider | Cost slope ($1M / $1k) | $1M fill rate |
|---|---|---|
| edgeX | 1.120x | 100.0% |
| GMX | 1.000x | 100.0% |
View
edgeXn/aGMXn/a
Perp DEX price to fees: what the market pays per dollar of trading fees
Trading| Provider | P/F ratio | FDV / fees | P/S | Fees 30d | Revenue 30d | Float | Open interest | Fees / OI |
|---|---|---|---|---|---|---|---|---|
| edgeX | 3.37x | 9.65x | 4.67x | $3.85M | $2.78M | 35.0% | $223.77M | 0.209x |
| GMX | 1.465x | 1.465x | 5.31x | $5.19M | $1.43M | 100.0% | $54.66M | 1.155x |
View
edgeXn/aGMXn/a
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingedgeX
Trails1.669x
- p99
- 1.929x
- rank
- #13
- samples
- 2,880
GMX
Leads0.660x
- p99
- 0.721x
- rank
- #6
- samples
- 2,880
Volume / OI (24h)
edgeXn/aGMXn/a
The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.
Price to fees across DeFi: what the market pays per dollar of protocol fees
Trading| Provider | P/F ratio | vs category | Fees MoM | Token 30d | Float | FDV / fees | Market cap | Fees 30d | Revenue 30d | P/S | TVL | Supply 30d | Supply 90d |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| edgeX | 3.38x | 0.378x | - | - | 35.0% | 9.65x | $158.36M | $3.85M | $2.78M | 4.72x | $61.40M | 0.021% | 0.021% |
| GMX | 1.437x | 0.162x | 3.28% | 8.69% | 100.0% | 1.443x | $92.79M | $5.28M | $1.46M | 5.24x | $246.82M | 0.12% | 0.34% |
View
edgeXn/aGMXn/a
A screen, not a verdict, and not advice. P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama, trailing 30d x 365/30) summed across every fee adapter that accrues to the token. Fees include the share paid to liquidity providers. A low multiple can mean the market expects fees to fall, that the fees were incentivised, or that the token has no claim on them. Read it with the float, the category median and the monthly fee trend, then do your own work.
Frequently asked questions
edgeX vs GMX: which one is better?
edgeX and GMX are compared on 5 shared OpenChainBench benchmarks. edgeX leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. GMX leads on Perp DEX cost invariance. See the live table on this page for every metric.
Which is cheaper, edgeX or GMX?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, edgeX leads at 0.047% versus GMX at 0.060%. Live measurement is updated continuously by the OpenChainBench harness.
Which has the lower cost slope ($1m / $1k), edgeX or GMX?
On the Perp DEX cost invariance benchmark, GMX leads at 1.000x versus edgeX at 1.120x. Live measurement is updated continuously by the OpenChainBench harness.
How is the edgeX vs GMX comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.