GMX vs Pacifica
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 13 differences
| Line | GMX | Pacifica |
|---|---|---|
| 30-day volume | Edge#07 · $22,518.0M | #08 · $10,418.0M |
| Trading fees | 0.04% to 0.06% per open or closeThere is no maker/taker split: the position fee is 0.04% when your trade reduces the imbalance between long and short open interest and 0.06% when it increases it, charged on open, close, increase and decrease. TradFi markets have their own rates (GOLD, SILVER and oil trade at 0.01%/0.02% during on-hours). Price impact, hourly borrow fees and swaps are billed on top. | 0.040% taker · 0.015% makerFees come from your rolling 30-day volume: 0.040% taker and 0.015% maker up to $5M, then 0.038%/0.012% above $5M and 0.036%/0.009% above $10M. From $100M of volume the maker fee is 0% and the taker fee bottoms out at 0.028%. Sub-account volume counts toward the master account and fees are settled on each fill. |
| New-user perk | 5% or 10% off opening and closing fees depending on the tier of the code you use | 5% bonus on the points you earn |
| Max leverage | Edgeup to 100× | up to 50× |
| Perp markets | Edge132 | 78 |
| Identity check (KYC) | No KYC | No KYC |
| Custody | Non-custodial, wallet only | Non-custodial, Solana wallet |
| Settles on | Arbitrum (GMX V2 contracts) | Solana |
| Collateral | USDC, USDT, WETH | USDC |
| Where it runs | Web | Web |
| Chains | EdgeEVMArbitrum, Avalanche, MegaETH, Ethereum, Base, BNB Chain | SolanaSolana |
| Documented features | 4 of 10 | Edge8 of 10 |
| Order book | No | Yes |
| Cross margin | Not documented | Yes |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Yes |
| Copy trading | Not documented | Not documented |
| Stocks, gold or forex | Yes | Yes |
| Points program | No | Yes |
| API | Yes | Yes |
| Mobile app | Not documented | Yes |
| Telegram bot | Not documented | Not documented |
Which one should you pick?
Pick GMX if
You want oracle pricing with no spread hunting, on Arbitrum, and you trade the lighter side of the market.
GMX prices trades against pooled liquidity and Chainlink oracles rather than a book, so its cost structure looks like a swap: an open/close fee that varies with the balance of open interest, plus borrow and price impact. It is the cheapest venue in the series for a trader who systematically takes the lighter side.
Read the GMX reviewSign up through this link: 5% or 10% off opening and closing fees depending on the tier of the code you use.
Affiliate link
Pick Pacifica if
You trade on Solana and want published taker and maker fees without a points-first story.
The most readable fee ladder of the series, on a Solana book with unified spot and collateral margin. Keep in mind that $10.4B of 30-day volume is real but modest next to the top three venues, and that the points program is the main growth engine.
Read the Pacifica reviewapp.pacifica.fi
