Gains Network Review — Live Volume, OI & Fees
Live Gains Network volume and open interest, plus 184 active markets in the August 11 review. BTC/ETH currently charge 0.035% to open and close, plus a 0.005% fixed spread per side. Other pairs use different schedules; gTrade has no maker/taker order book.
Verdict
8/10 · how we rank184 active pairs across crypto, forex, commodities, stocks, and indices in the official list checked August 11, 2026. Main trade-off: fees vary by pair, so a single headline rate cannot describe every market.
Best for
Avoid if
Last editorial review 2026-08-11 · live protocol stats refresh every minute — rating is our editorial assessment, not an objective fact.
Rating
Trading Info
Position fee model
Gains Network does not use a standard maker/taker schedule. 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads PerpFinder excludes this venue from maker/taker rankings. Confirm the selected market and all variable costs before trading.
Advantages
- 184 active pairs across crypto, forex, commodities, stocks, and indices in the official list checked August 11, 2026
- Up to 1000x leverage on major forex pairs and 500x on designated crypto degen pairs
- Capital-efficient synthetic leverage model requires less liquidity than traditional approaches
- Published Halborn audit and more than eight CertiK reviews of previous contract versions
- Multiple current deployments and collateral choices
Considerations
- Fees vary by pair, so a single headline rate cannot describe every market
- Synthetic leverage model means counterparty risk falls on gToken vault LPs
- Liquidity depth on less popular pairs can be thin, leading to wider spreads
- Complex fee structure with opening fees, closing fees, borrowing/funding fees, and spread components
- Lower crypto trading volume compared to leading perp DEXs despite broad pair coverage
Gains Network Review 2026
Gains Network review: the short answer
Gains Network's gTrade is an oracle-priced leveraged-trading protocol rather than a central limit order book. It covers crypto, forex, stocks, commodities, and indices. Its main strength is asset-class breadth. Its main cost trade-off is that each pair can have a different opening fee, closing fee, spread, price impact, and holding cost.
The old version of this review described every crypto trade as 0.08% per side while the structured fields said 0.05%. Neither is the current BTC/ETH rate. The official fee page and live trading-variables endpoint show 0.035% to open and 0.035% to close for BTC and ETH as of August 11, 2026.
Security evidence and vault risk
Gains' documentation links a Halborn audit for the gToken vaults and says earlier contract versions received more than eight CertiK reviews. Contract upgrades use public timelocks. These controls provide evidence about review and change management, but they do not guarantee the contracts, oracles, vault accounting, or frontends cannot fail.
Vault depositors are financial counterparties to traders. Their outcome depends on trading PnL, fee income, collateralization, and withdrawal rules. Traders face a different set of risks: oracle and execution conditions, liquidation, changing holding fees, chain conditions, and the solvency mechanisms behind the vault.
The fee schedule, with the contradiction removed
Gains calculates fees on total leveraged position size, not the collateral deposit. Its official fees and spread page lists the following opening and closing rates:
- BTC and ETH: 0.035% per side, plus a 0.005% fixed spread per side - Core crypto: 0.05% per side - Non-core crypto: 0.06% per side - Degen crypto: 0.02% per side - Major forex: 0.012% per side, plus a 0.005% fixed spread per side - Minor forex: 0.016% per side, plus a 0.005% fixed spread per side - Exotic forex: 0.02% per side, with pair-specific spread - Indices: 0.05% per side
Commodity and stock rates are set by pair and published in separate fee groups. A single “Gains fee” is therefore incomplete unless it names the pair, side, and date.
For a $10,000 BTC or ETH position, the opening fee is $3.50 and the closing fee is another $3.50. The fixed spread adds a separate execution-price cost. Other crypto pairs can cost more even at the same notional. Use our cost comparison tool as a starting point, then confirm the selected pair in the gTrade interface.
Active markets and leverage
Gains' official pair list keeps old and delisted pair indices for technical reasons. We counted 482 listed rows in the August 11, 2026 document: 184 were marked active and 298 were marked inactive. This review now uses the active count instead of the older 290+ headline.
Leverage also varies by asset. The pair list shows BTC and ETH at up to 200x and many crypto pairs at 150x. Designated degen markets reach 500x. Stocks reach 50x, indices 100x, gold 250x, and major forex pairs 1000x. These are maximums, not suggestions. Limits can be reduced around news events, market closures, or other risk conditions.
Stocks, indices, forex, and commodities follow their underlying market hours. A position can remain open while its reference market is closed. The trader may be unable to change or close it during that time. Gaps can therefore change execution and liquidation risk when the reference market reopens.
How gTrade executes positions
A trader posts collateral and chooses a leveraged notional position. gTrade requests an oracle price. It then applies the pair's configured spread and price impact and records the position on-chain. The underlying asset is not borrowed into the trader's wallet. A gToken vault acts as the financial counterparty. Trader losses add to the vault, while trader profits are paid from it.
This makes execution different from an order book. There is no maker resting an order on the other side, so gTrade does not use maker and taker fee labels. Our comparison data records the verified BTC and ETH position fee: 0.035% when opening and 0.035% when closing. Other pairs use different rates, and the separate spread, price impact, and holding costs still apply.
Spread, price impact, and holding costs
Opening and closing fees are only part of the total. The execution price can include a fixed spread, liquidity impact, and skew impact. Most crypto pairs have no fixed spread, while BTC and ETH are exceptions. Price impact changes with trade size, market depth, recent same-direction activity, and open-interest imbalance.
An open position can also accrue funding and borrowing fees. Funding transfers value between the long and short sides and can be paid or earned. Borrowing is paid by the dominant side for its use of vault liquidity. The rate shown in the interface can change while the position is open, so an entry-time estimate is not a guaranteed holding cost.
The current fee documentation sends 76% of trading-fee revenue to governance. It lists 15% for vault liquidity providers, 5% for referrals, and 4% for trigger keepers. It also says the share once used for GNS buyback and burn now goes to governance. The old 54% burn claim has therefore been removed from this review.
Who Gains may fit
Gains is most distinctive for users who want crypto and real-world reference markets in one on-chain trading product. A pure crypto order-book trader may prefer to compare Hyperliquid, Lighter, or dYdX. A multi-asset trader should compare the exact active pair, market hours, fee group, leverage cap, collateral, and live price impact before opening a position.
The perpetual exchange hub shows current venue-level volume and open interest. The funding tracker and fee calculator cover separate parts of the cost; none of them replaces the live gTrade confirmation screen for a pair-specific quote.
Related Resources
PerpFinder Research
Editorial TeamEditorial team tracking 100+ perpetual futures venues with live on-chain and exchange data.
Independent Site: PerpFinder is not the venues covered on this page and is not affiliated with, endorsed by, or operated by the venues it covers. We do not connect wallets, process deposits, distribute tokens, or verify reward eligibility. Never share a password, seed phrase, or private key with anyone.
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Risk Warning: Trading perpetual futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Only trade with funds you can afford to lose.
Key Features
Audits
Frequently Asked Questions
How much leverage does Gains Network (gTrade) offer?▾
The official pair list sets leverage per market. It currently shows up to 200x on BTC and ETH, 150x on many crypto pairs, 500x on designated degen pairs, 1000x on major forex, 250x on gold, and 50x on stocks.
What are gTrade trading fees?▾
Fees are pair-specific and apply to leveraged position size. BTC and ETH are currently 0.035% to open and 0.035% to close, plus a 0.005% fixed spread per side. Core crypto is 0.05% per side and non-core crypto is 0.06%. Price impact, funding, and borrowing are separate.
How many perpetual markets does gTrade list?▾
The official pair-list document contained 482 rows on August 11, 2026. Of those, 184 were marked active and 298 were retained as inactive technical indices. Availability can differ by chain or collateral and can change temporarily.
What chains does Gains Network operate on?▾
Gains publishes active EVM contracts for Arbitrum, Base, Polygon, ApeChain, and MegaETH, while current asset-class documentation also lists Solana availability. Pair and collateral availability can differ between deployments.
Has Gains Network been audited?▾
Gains Network has been audited by CertiK over eight times across different protocol versions, with Halborn providing additional security review. The protocol also runs an active bug bounty program through Immunefi for continuous vulnerability disclosure.
How does the GNS token burn mechanism work?▾
The current fee documentation says the former buyback-and-burn share is directed to governance for now. It lists 76% of trading-fee revenue for governance, 15% for vault liquidity providers, 5% for referrals, and 4% for trigger keepers.
How does the Gains Network referral program work?▾
The gTrade referral program has two tiers. Allies receive 10% of trading fee revenue generated by referred traders. Ambassadors can earn up to 90% of referral fees. Allies can also refer new Ambassadors, stacking their 10% rewards across multiple referral chains.
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