Cheapest perp DEX, live all-in fee on a $1000 ETH 10x long
TradingGmx
Trails0.060 %
- p99
- 0.060%
- rank
- #4
- samples
- 5,760
Hyperliquid
Leads0.047 %
- p99
- 0.056%
- rank
- #3
- samples
- 5,760
Per chain
| Chain | Gmx | Hyperliquid |
|---|---|---|
| ETH | 0.060% | 0.049% |
Side by side OpenChainBench measurements. Identical layout, no editorial verdict, the live data leads. Each panel surfaces the aggregate plus the chain and region breakdowns when the underlying bench exposes them, straight from the Prometheus queries that drive the parent benchmark pages.
Perp DEX on Arbitrum and Avalanche. Pool-based execution against GLP and GM vaults, oracle-priced trades with no orderbook.
Onchain perp DEX on the Hyperliquid L1. Fully onchain orderbook with sub-second matching, no off-chain matching engine.
Gmx
Trails0.060 %
Hyperliquid
Leads0.047 %
Per chain
| Chain | Gmx | Hyperliquid |
|---|---|---|
| ETH | 0.060% | 0.049% |
Gmx
Trails$2.92B
Hyperliquid
Leads$250.23B
Gmx
Trails$59.77M
Hyperliquid
Leads$5.89B
A pair is published when all four conditions hold. Both providers run in the same OpenChainBench benchmark for at least seven consecutive days. Each provider has at least 1000 samples in the measurement window. The head to head query has observable third party search demand. Both providers have a public /products/[slug] page on OCB. The full pair ledger is versioned in the public repo so the methodology is externally verifiable.