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 |
|---|---|---|---|
| GMX | 0.060% | 0.060% | 0.060% |
| Ondo Perps | 0.035% | 0.068% | 0.34% |
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GMXn/aOndo Perpsn/a
GMX vs Ondo Perps
Ondo Perps leads on both live benchmarks. Ondo Perps wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.035% vs 0.060%), Perp DEX volume share, live 24h notional ranked ($146.53M vs $65.66M).
GMX
Perp DEX on Arbitrum and Avalanche. Pool-based execution against GLP and GM vaults, oracle-priced trades with no orderbook.
Ondo Perps
Ondo Perps is Ondo Finance's perpetuals exchange (live since June 2026): an off-chain matching engine running in Intel SGX enclaves with on-chain custody on Ethereum and Arbitrum, USDC and Ondo tokenized stocks as collateral, and 60+ markets across US equities, ETFs, commodities, indices, FX and crypto.
Side by side measurements
Perp DEX volume share, live 24h notional ranked
TradingGMX
Trails$65.66M
- p99
- $88.36M
- rank
- #12
- samples
- 2,880
Ondo Perps
Leads$146.53M
- p99
- $184.86M
- rank
- #9
- samples
- 1,345
24h perp volume
GMXn/aOndo Perpsn/a
Frequently asked questions
GMX vs Ondo Perps: which one is better?
GMX and Ondo Perps are compared on 2 shared OpenChainBench benchmarks. Ondo Perps leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. See the live table on this page for every metric.
Which is cheaper, GMX or Ondo Perps?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Ondo Perps leads at 0.035% versus GMX at 0.060%. Live measurement is updated continuously by the OpenChainBench harness.
How is the GMX vs Ondo Perps 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.
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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.