10X vs GMX
Which platform is better for trading in 2026? Here's an honest, side-by-side comparison.
Quick Comparison
| Feature | 10X | GMX |
|---|---|---|
| Type | DeFi perps (Hyperliquid L1) | Decentralized perpetual exchange on Arbitrum |
| Assets | 150+ (crypto, stocks, commodities) | ~60 perpetual futures |
| Max Leverage | 50x | Up to 100x (on select assets) |
| Trading Fees | 0.14% taker | 0.05-0.07% (position fee) + borrow fees |
| KYC Required | No | No |
| Custody | Self-custodial | Self-custodial |
| Short Selling | Yes, all 150+ assets | Yes, any listed asset |
| Execution | Sub-second (Hyperliquid L1) | Depends on Arbitrum/Avalanche block time |
| Trading Hours | 24/7 | 24/7 |
GMX: Strengths
- Up to 100x leverage on some assets
- Unique liquidity pool model (earn as LP)
- Battle-tested on Arbitrum
- No KYC
- Self-custodial
- V2 improvements
GMX: Weaknesses
- Only ~60 assets (vs 150+ on 10X)
- No stocks or commodities
- Pool-based execution (potential slippage)
- No traditional order book
- Borrow fees on leveraged positions
- LP impermanent loss risk
10X: Why Traders Choose It
- Up to 50x leverage on major assets like BTC and ETH
- 150+ markets: crypto, stocks (AAPL, TSLA, NVDA), and commodities (Gold, Silver)
- Self-custodial: your private keys never leave your browser
- No KYC, no identity verification, no bank account required
- 0.14% trading fee with no hidden charges
- Sub-second execution on Hyperliquid L1 ($5B+ daily volume)
- Clean desktop interface designed for serious traders
- Go long or short on any asset, 24/7
The Verdict
GMX pioneered DeFi perps with its innovative liquidity pool model. It offers high leverage on major assets. But 10X provides 2.5x more markets (150+ vs 60), stocks and commodities, and an order book model with tighter spreads. GMX is better for LPs wanting yield; 10X is better for active traders wanting selection and precision.