Gains Network (gTrade) vs GMX Gains Network (gTrade) leads by 23 points.
Gains Network (gTrade) scores 23 points above GMX on the published criteria (26.6 vs 17.8 points), which this ranking scores from the record as a whole, not criterion by criterion. Gains Network (gTrade) ranks #1 and GMX #6 of 12 published perp DEXs. Every term of the gap is on the ledger below; the inputs are on the audit receipt.
Gains Network (gTrade)83
vs
GMX60
Scores are out of 100; published scores fall within 41–99 · ranks #1 and #6 of 12
Gains Network (gTrade) scores 23 points above GMX on the published criteria (26.6 vs 17.8 points), which this ranking scores from the record as a whole, not criterion by criterion.
Gains Network (gTrade) #1 of 1283
GMX #6 of 1260
Scores are out of 100; published scores fall within 41–99; a bar is empty at 41 and full at 99.
Why, term by termGains Network (gTrade) leads on 0 of 2 published criteria; GMX on 0. The terms sum to the gap.
TermGains Network (gTrade)GMXWeightPoints
Published criteriaScore dimension26.617.830+22.9for Gains Network (gTrade)
Net of the terms+22.9
Reproduced gap+22.9
Published gapAfter score rounding and bounds — see the note below8360+23.0
Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.
This ranking scores its published criteria from the record as a whole, not criterion by criterion, so they count here as one term and no single criterion is credited.
A row-above bound on one row means the criterion arithmetic does not reproduce the displayed gap exactly.
Gains Network (gTrade)Score 83Synthetic leverage against a vault — heavily audited, long clean recordStrength: Longest clean track record here + extensive auditsWatch-out: Synthetic vault model: you trade against the gToken vaults, whose health matters — the 2022 LUNA collapse stressed the original design (since reworked)GMXScore 60Oracle-priced pools on Arbitrum & Avalanche — contract-custodied, exploited in 2025Strength: Oracle-priced pool model with an extensively audited v2Watch-out: A July-2025 re-entrancy exploit drained ~$42M from the v1 GLP pool (mostly recovered + reimbursed; v2 unaffected) — weigh its security record
Quick facts
At a glance
2 of 5 rows read the same for both.
FactGains Network (gTrade)GMX
Trading feeSnapshotModel: synthetic (trade vs gToken vaults, Chainlink-priced). Since 2021. Arbitrum/Base/MegaETH/Polygon (the docs list these four under "Active Contracts"). Self-custodial. Extensively audited. Up to 1000x (forex). Fees (Gains docs "Fees & Spread", read 3 November 2026): BTC and ETH "Opening a trade: 0.035%" and "Closing a trade: 0.035%"; Core crypto "Opening a trade: 0.05%"; Non-core crypto "Opening a trade: 0.06%"; "Each fee is charged on the total position size, on both opening and closing." Live TVL shown for context (DefiLlama, dated), not scored.Model: oracle-priced GM pools (v2; v1 GLP wound down), keeper-executed. Since 2021. Arbitrum/Avalanche/MegaETH (gmx.io also names Solana). Contract-custodied (GMX bank/vault contracts). Extensively audited (v2); July-2025 ~$42M v1 GLP re-entrancy exploit (mostly recovered, v2 unaffected). Up to 100x. Fees (GMX docs "Fees", read 3 November 2026): "The position fee is 0.04% or 0.06% of the position size.", 0.06% when a trade increases the long/short open-interest imbalance and 0.04% when it reduces it. Live TVL shown for context (DefiLlama, dated), not scored.
Security postureSnapshotExtensively audited; upgradeable contracts.Extensively audited; admin-controlled contracts; an exploit that lost user or LP funds (2025, rated severe).
From the published criteria
Which should you pick?
Gains Network (gTrade)
83#1 of 12
Leads
Pick it when
Gains Network (gTrade) leads on no published criterion; its edge is published criteria (26.6 vs 17.8 points). Pick it if that term is what you are buying.
Strength
Longest clean track record here + extensive audits
Tradeoff
Synthetic vault model: you trade against the gToken vaults, whose health matters — the 2022 LUNA collapse stressed the original design (since reworked)
GMX
60#6 of 12
Pick it when
GMX leads Gains Network (gTrade) on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
Strength
Oracle-priced pool model with an extensively audited v2
Tradeoff
A July-2025 re-entrancy exploit drained ~$42M from the v1 GLP pool (mostly recovered + reimbursed; v2 unaffected) — weigh its security record
Self-identify in 10 seconds
Which one is actually for you?
Gains Network (gTrade)Leads
Gains Network (gTrade) leads GMX on no published criterion
Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
Gains Network (gTrade)Score 83Synthetic leverage against a vault — heavily audited, long clean recordStrength: Longest clean track record here + extensive auditsWatch-out: Synthetic vault model: you trade against the gToken vaults, whose health matters — the 2022 LUNA collapse stressed the original design (since reworked)
GMX
GMX leads Gains Network (gTrade) on no published criterion
Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
GMXScore 60Oracle-priced pools on Arbitrum & Avalanche — contract-custodied, exploited in 2025Strength: Oracle-priced pool model with an extensively audited v2Watch-out: A July-2025 re-entrancy exploit drained ~$42M from the v1 GLP pool (mostly recovered + reimbursed; v2 unaffected) — weigh its security record
Criterion by criterion
Scorecard
Published criteria · weight in points of 860 of 4 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology
Security
weight 14.4 of 86Not scored
Gains Network (gTrade)Not scored
No evidence cell for this criterion, so no strength is drawn.
GMXNot scored
No evidence cell for this criterion, so no strength is drawn.
Decentralization
weight 9.6 of 86Not scored
Gains Network (gTrade)Not scored
No evidence cell for this criterion, so no strength is drawn.
GMXNot scored
No evidence cell for this criterion, so no strength is drawn.
Score dimensions
weights sum to 86
The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.
Availabilityweight 20 of 86 · constant here
Gains Network (gTrade)14/20GMX14/20
Tie
Published criteriaweight 30 of 86
Gains Network (gTrade)26.6/30GMX17.8/30
Gains Network (gTrade) leads
Frictionweight 10 of 86 · constant here
Gains Network (gTrade)2.7/10GMX2.7/10
Tie
Trust recordweight 8 of 86 · constant here
Gains Network (gTrade)3.2/8GMX3.2/8
Tie
Measured dataweight 18 of 86 · constant here
Gains Network (gTrade)5.5/18GMX5.5/18
Tie
Decision rulePublished order
Choose Gains Network (gTrade) unless the term GMX leads on is the one you are buying.
GMX leads Gains Network (gTrade) on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
The published order weighs every criterion the same way for everyone. To weigh them your way, run .
From the published order
Next best action
If this isn't your case
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How you can lose money here, and what the ranking scores
Contract failure: the code holding the funds is exploited.
Scored by Security & track record · 60%
Control failure: a key or vote changes the rules, freezes or mints.
Scored by Decentralization & trust-minimization · 40%
Not assessed by this ranking: Oracle failure, Insolvency failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Questions
Frequently asked questions
Gains Network (gTrade) scores 23 points above GMX on the published criteria (26.6 vs 17.8 points), which this ranking scores from the record as a whole, not criterion by criterion. Published scores, out of 100: Gains Network (gTrade) 83 (rank 1 of 12 perp dexs), GMX 60 (rank 6 of 12).
Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
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