Does 10X have more trading pairs than GMX?

Yes. 10X offers 150+ perpetual futures markets including crypto, stocks, and commodities. GMX lists approximately 60 crypto-only markets. 10X also covers non-crypto assets like AAPL, TSLA, Gold, and Silver that GMX does not support.

How do 10X and GMX differ in execution?

10X uses Hyperliquid's fully on-chain order book with sub-200ms block times, providing tight spreads and precise fills similar to a centralized exchange. GMX uses a liquidity pool model where traders trade against GLP/GM pool holders, which can introduce slippage on larger orders.

Are GMX fees lower than 10X fees?

GMX's base position fee is 0.05-0.07%, which appears lower than 10X's 0.14%. However, GMX also charges ongoing borrow fees that accumulate while positions are open. For short-term trades GMX may be cheaper; for positions held longer, the borrow fees can exceed 10X's flat fee structure.

Can I earn yield on GMX but not on 10X?

GMX allows users to provide liquidity to its GLP and GM pools to earn trading fees and rewards. 10X is focused on trading and does not offer liquidity provider yields. If you want to earn passive yield from other traders' activity, GMX is better. If you want the best trading experience with more markets and tighter execution, 10X is better.

10X vs GMX

Which platform is better for trading in 2026? Here's an honest, side-by-side comparison.

10X offers 150+ markets including stocks and commodities with an on-chain order book, while GMX covers roughly 60 crypto-only markets using a liquidity pool model. GMX has higher max leverage (100x on select assets) and is better for LPs wanting yield. For active traders wanting asset variety and tighter execution, 10X has the edge.

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.

Try 10X Free

No sign-up. No KYC. Connect your wallet and start trading in 30 seconds.

Open 10X

More Comparisons

10X vs Robinhood 10X vs Coinbase 10X vs dYdX 10X vs Binance Futures 10X vs Bybit 10X vs Drift 10X vs Kwenta (Synthetix Exchange) All Markets Blog