GMX
HyperliquidRead the differences first, then decide which venue deserves the registration path.
Trading platform deep comparison
GMX vs Hyperliquid: fees, products and KYC side by side
Generated from NexuAlpha's reviewed data on 2026-10-10 — no editorial verdict. Figures we have not checked stay marked as not verified.
GMX
Spot fee gap, percentage points
Not yet checked
Spot fee gap, percentage points: Not yet checkedHyperliquid
GMX: Not yet checkedSpotHyperliquid: 0.04% / 0.07%
GMX: Not yet checkedPerpHyperliquid: 0.015% / 0.045%
Bars share one scale across every venue, 0 to 0.80%
Read the differences first, then decide which venue deserves the registration path.
Data-backed scorecard
| Dimension | GMX | Hyperliquid |
|---|---|---|
| Lowest checked spot feesLowest checked spot taker fee, then maker fee; unchecked rows do not compete. | Not checkedDate not recorded | 0.04% / 0.07%WinnerAs of 2026-10-10 SGTSource 1 |
| Lowest checked futures feesLowest checked futures taker fee, then maker fee; unchecked rows do not compete. | Not checkedDate not recorded | 0.015% / 0.045%WinnerAs of 2026-10-10 SGTSource 1 |
| Most top-200 coin availabilityCounts top-200 coins with spot or perp listing in coins data. | Not checkedAs of 2026-10-13 SGTSource 1 | Not checkedAs of 2026-10-13 SGTSource 1 |
| Funding-rate matrix participationShows configured participation in the reviewed funding-matrix universe; no live observed pair count is inferred. | Not configured in funding matrixDate not recordedSource 1 | Configured funding-monitoring venueDate not recordedSource 1 |
| Reviewed USD funding guideOnly converter funding guides count as local fiat rail evidence. | No reviewed local rail guideDate not recordedSource 1 | No reviewed local rail guideDate not recordedSource 1 |
| Current verified promotionPromotion must pass existing time, source, locale, market and partner gates. | No current verified promotionAs of 2026-10-13 SGTSource 1 | No current verified promotionAs of 2026-10-13 SGTSource 1 |
| Futures product evidenceFutures evidence comes from checked futures fee facts. | Not checkedAs of 2026-10-10 SGT | YesWinnerAs of 2026-10-10 SGTSource 1 |
| Official register entriesEntries from the official-register directory (/licenses); statuses differ by regulator, so no venue wins this row. | No official register entry recordedDate not recorded | No official register entry recordedDate not recorded |
| App rating factsNo app-rating data file is present in this repo slice, so no venue competes. | Not in repo dataDate not recorded | Not in repo dataDate not recorded |
Best for
- Best for lowest checked fees
- Hyperliquid
Choose the lowest checked spot taker fee, then maker fee; ties remain ties.
- Best for most top-200 coins
- Not available
Choose the highest actual top-200 listing count from coins data.
- Best for futures
- Hyperliquid
Choose the lowest checked futures taker fee, then maker fee; funding matrix participation is descriptive only.
- Best for beginners (funding / fee proxy)
- Hyperliquid
Prefer a reviewed local funding guide; otherwise choose the lowest checked spot taker fee, then maker fee.
Side-by-side numbers＋
Verify eligibility before the official flow
Configured partner routes open to the official destination; venues without a verified route remain closed.
Fees, Rebates, Reserves & Limits Comparison
Compare source-linked fee schedules, reserve disclosures, KYC, product limits and user-benefit status; anything we have not verified is marked “not yet checked”.
GMX: Fees: Not yet checked · Hyperliquid: Fees checked 2026-10-10
Swipe the matrix sideways to compare all columns.
Side-by-side numbers | GMX Perp DEX | Hyperliquid Perp DEX |
|---|---|---|
| Spot maker / taker feeStandard spot trading fees | Not yet checkedOnly maker/taker rates with a review date and HTTPS official source are shown. | 0.04% / 0.07%Regular userTaken from the platform's official fee page on the check date shown. VIP tiers, token discounts, promotions, account-specific terms and regional eligibility are excluded and must be confirmed in the official account flow. View fee source ↗ |
| Futures maker / taker feeStandard perpetual futures fees | Not yet checkedOnly maker/taker rates with a review date and HTTPS official source are shown. | 0.015% / 0.045%Regular userTaken from the platform's official fee page on the check date shown. VIP tiers, token discounts, promotions, account-specific terms and regional eligibility are excluded and must be confirmed in the official account flow. View fee source ↗ |
| Proof of Reserves (PoR)Merkle-tree reserve verification | Official page linked, figures not yet reviewedView audit report · gmx.io | Official page linked, figures not yet reviewedView audit report · hyperliquid.xyz |
| Official actionCheck official account terms and sources |
Show items not checked yet (5)＋
These rows are grouped because every selected platform still needs official-source verification. Open them to keep the original field names and limits visible.
- User benefit statusCheck official account terms and sourcesNot shown as a scored difference until at least one selected platform has a source-linked value.
- Effective net costReal cost after user-benefit deductionNot shown as a scored difference until at least one selected platform has a source-linked value.
- KYC requirementsVerification tier and process frictionNot shown as a scored difference until at least one selected platform has a source-linked value.
- Maximum futures leverageBTC/ETH perpetual contractsNot shown as a scored difference until at least one selected platform has a source-linked value.
- New user benefitsNew-user vouchers and reward packNot shown as a scored difference until at least one selected platform has a source-linked value.
Pre-registration verdict
Decide which venue fits first
Use this verdict to narrow the shortlist. Registration, KYC, and trading still happen only on the official side.Editorial fit based on the source-linked research above.
GMXPerp DEX
Review verification details and limits
- Better for
- Verify public products, regional eligibility and official fees first
- Before registration
- Only source-linked facts with a review date are publishable
- Not ideal for
- Regional restrictions, account eligibility and campaign terms need official verification
- Consider instead
- Hyperliquid
HyperliquidPerp DEX
Review verification details and limits
- Better for
- Verify public products, regional eligibility and official fees first
- Before registration
- Only source-linked facts with a review date are publishable
- Not ideal for
- Regional restrictions, account eligibility and campaign terms need official verification
- Consider instead
- GMX
Review fees, reserves and KYC
GMX
Perp DEXReview fees, reserves and KYC
Spot FeePending official-source verification
Proof of Reserves (PoR)Pending official-source verification
KYCPending official-source verification
GMX Official References & Sources＋
GMX Official References & SourcesRead terms and sources →
- •For v2, use a valid case-sensitive code; it is saved on-chain with the first qualifying order.
- •Confirm the code's tier and keep position fees separate from borrowing and funding costs.
GMX referral documentation · docs.gmx.ioOpen independent profile (GMX) →
Hyperliquid
Perp DEXReview fees, reserves and KYC
Spot Fee0.04% / 0.07% (maker / taker) · Regular user · Base rate from the official fee pageTaken from the platform's official fee page on the check date shown. VIP tiers, token discounts, promotions, account-specific terms and regional eligibility are excluded and must be confirmed in the official account flow. View fee source ↗
Proof of Reserves (PoR)Pending official-source verification
KYCPending official-source verification
Hyperliquid Official References & Sources＋
Hyperliquid Official References & SourcesRead terms and sources →
- •A valid referral code or link must be applied. This research panel does not include referral codes; the sign-up cards on this site do.
- •The fee discount stops after the referred account's first $25 million in volume; vaults and sub-accounts do not inherit it.
Open scenario fit and next steps
PRE-SIGNUP DECISION CHECKLIST
GMX vs Hyperliquid: which conditions should you compare?
Check published fees, product scope, regional eligibility, account requirements and source dates before entering a signup flow.
GMX
Candidate AIdeal Trader Profile
Verify GMX's regional eligibility, product scope and official fee schedule first
- GMX's public products, fees and regional conditions should be checked against official sources
- Published fee sources still require review; Only maker/taker rates with a review date and HTTPS official source are shown.
- Reserve, solvency and security claims are not yet checked against official sources
- Leverage, margin, liquidation and product limits require current region and account verification
Hyperliquid
Candidate BIdeal Trader Profile
Verify Hyperliquid's regional eligibility, product scope and official fee schedule first
- Hyperliquid's public products, fees and regional conditions should be checked against official sources
- Published fee reference: Spot 0.04% / 0.07% (maker / taker) · Regular user · Base rate from the official fee page, Futures 0.015% / 0.045% (maker / taker) · Regular user · Base rate from the official fee page; Only maker/taker rates with a review date and HTTPS official source are shown.
- Reserve, solvency and security claims are not yet checked against official sources
- Leverage, margin, liquidation and product limits require current region and account verification
FAQ & decision checks
GMX vs Hyperliquid: fees, product access and account checks
Use these questions before opening either official registration route.
Which fees should I compare first?
Check the published spot and futures fee rows, account tier and source date. Final fees can still vary by product, region, account level and the official account screen.
Is the product scope the same on both platforms?
No. Compare spot, derivatives, copy trading and any stock-like exposure separately. Do not treat one product label as proof of availability on the other platform.
What should I verify about KYC and local funding?
Confirm identity level, residence, local deposit and withdrawal rails, fiat support and product permissions in the official account flow before funding the account.
When should I use the registration link?
Use it only after checking the official domain, current terms and the product you need. A partner route does not guarantee approval, bonus eligibility or final net cost.
Must verify before registration
Compare the details
| Compare the details | GMX | Hyperliquid |
|---|---|---|
| Products | Not documented in this research | Hyperliquid docs describe HyperCore as including fully on-chain perpetual futures and spot order books.Read source ↗ HIP-3 documentation says the protocol supports permissionless builder-deployed perpetuals.Read source ↗ |
| Fees | Not documented in this research | Hyperliquid fees documentation says fees are based on rolling 14 day volume, assessed at the end of each UTC day, with separate schedules for perps and spot; sub-account volume counts toward the master account fee tier while vault volume is treated separately.Read source ↗ A Hyperliquid fees search should split cost evidence into four official lanes: the fee schedule for maker/taker tiers, funding docs for hourly peer-to-peer funding, contract specifications for market mechanics, and liquidation docs for maintenance-margin failure paths.Read source ↗ Hyperliquid funding docs say funding is peer-to-peer, collected by neither side of the venue, paid every hour, and based on the difference between the perpetual contract price and the spot oracle price.Read source ↗ A Hyperliquid fees query should be read as a bundle: maker/taker schedule, hourly funding, margin mode and liquidation threshold can all change the position cost before PnL is known.Read source ↗ Before placing a Hyperliquid perp order, compare the quoted maker/taker tier, expected hourly funding direction, margin mode, maintenance margin, liquidation path, bridge or USDC movement cost, and whether the order belongs to main account, sub-account or API wallet flow.Read source ↗ Hyperliquid combines perp and spot volume into one fee tier, with spot volume counting double in the published 14-day weighted-volume formula; the applicable maker or taker rate still depends on the current official tier and asset context.Read source ↗ HIP-3 perpetuals share the user's fee tier, but growth mode and deployer-configured fee shares can change all-in fees, rebates and volume contribution. Users should verify the specific HIP-3 market instead of applying one protocol-wide perp rate.Read source ↗ |
| Custody | Not documented in this research | Hyperliquid USDC docs describe native Hyperliquid L1 USDC and point users to Circle's Arbitrum-to-HyperCore CCTP transfer documentation.Read source ↗ Hyperliquid exchange-endpoint docs separate signed trading actions from user-signed Core USDC transfers, so wallet movement cost and transfer signing should be checked separately from maker/taker fees and funding.Read source ↗ Hyperliquid account-abstraction docs separate unified, portfolio margin and manual/standard modes, which determine how spot and perps balances interact and whether assets are used as perps collateral.Read source ↗ |
| Account & access | Not documented in this research | Hyperliquid testnet faucet docs say users need a mainnet deposit with the same address before receiving mock USDC for testnet use.Read source ↗ A Hyperliquid funded-account search should be split into wallet funding, USDC collateral, account modes, sub-accounts and API-wallet delegation; the official docs do not turn that phrase into a guaranteed prop-account allocation.Read source ↗ For a Hyperliquid funded-account query, use USDC docs for funding the wallet, account-abstraction docs for collateral mode, sub-account docs for account separation, API-wallet docs for delegated signing, and vault docs for vault participation; none of those sources proves a third-party prop account allocation.Read source ↗ When the query is 'Hyperliquid funded account', NexuAlpha should not collapse wallet collateral, sub-accounts, vault deposits and outside prop-firm language into one CTA; each meaning requires a different official source check.Read source ↗ Hyperliquid sub-account docs say up to 10 sub-accounts can be created only after reaching $100,000 in volume, and referral discounts do not apply to sub-accounts.Read source ↗ Hyperliquid API wallet docs say API wallets sign on behalf of a master account or sub-account, but account data queries must use the actual account address, not the agent wallet.Read source ↗ |
| Execution | GMX docs say trading is powered by GM and GLV liquidity pools and routes orders against those pools.Read source · docs.gmx.io GMX order docs state the protocol uses oracle-based pricing rather than an order-book model.Read source · docs.gmx.io | Hyperliquid liquidation docs say liquidation begins when account equity falls below maintenance margin, which varies by asset and maximum leverage.Read source ↗ |
DimensionGMXHyperliquid
Platform typePerp DEXPerp DEX
Модель доступуWallet-based on-chain derivatives access; verify collateral, liquidation, and oracle rulesWallet-based on-chain derivatives access; verify collateral, liquidation, and oracle rules
Verified product scopeNo verified coverage yetNo verified coverage yet
Must verify before registrationCollateral and liquidation rules / Oracle and funding mechanics / Network and contract riskCollateral and liquidation rules / Oracle and funding mechanics / Network and contract risk
Best fitVerify public products, regional eligibility and official fees firstVerify public products, regional eligibility and official fees first
Why choose itOnly source-linked facts with a review date are publishableOnly source-linked facts with a review date are publishable
Not ideal forRegional restrictions, account eligibility and campaign terms need official verificationRegional restrictions, account eligibility and campaign terms need official verification
Verified official domaingmx.ioapp.hyperliquid.xyz
Activities/listingsNo current official updateNo current official update
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COMPAREConfigured partner routes open to the official destination; venues without a verified route remain closed.