GRVT DEX review
Live GRVT stats updated every minute: 24h volume, open interest, fees (-0.000% maker / 0.045% taker), and up to 50x leverage across 184+ pairs on Ethereum.
At a glance
- Measured cost rank
- Rank 13 of 39, 4.51 bps$10,000 BTC market buy, measured October 3, 2026, 12:55 UTC. Full ranking
- Fees, base tier
- -0.0001% maker, 0.045% takerSource, read 2026-09-23
- Maximum leverage
- 50x on BTC and ETH, lower at large sizeSource, read 2026-09-23
- Chain and settlement
- Layer 2 on the ZKsync stack; ZK settlement to EthereumSource, read 2026-09-23
- Custody of funds
- Smart contract gated by the wallet key; no forced withdrawal describedSource, read 2026-09-23
- Funding interval
- 1h, 4h or 8h by marketSource, read 2026-09-23
- Audits named in official docs
- Spearbit DAO, NCC GroupSource, read 2026-09-23
- Last reviewed
- 2026-09-23
Verdict
7.0/10 · how we rankRanked #11 of 84 DefiLlama-listed perp DEXes by 24h volume (1.9% share, 2026-10-03 snapshot). Taker fee 0.045% is above the DEX median of 0.04%.
Advantages
- Makers receive a 0.0001% rebate under the official fee model
- The help center says that funds stay in a smart contract gated by the private key of the registered wallet
- The audits page names Spearbit DAO and NCC Group as partners
- In PerpFinder cost sweeps, GRVT ranked in the middle of the measured venues for $10,000 BTC and ETH market buys
Considerations
- Maximum leverage on BTC and ETH is lower for positions above 600,000 USDT
- Commodity perps allow up to 25x, and equity perps allow up to 10x
- The audit statement does not give the scope or date of each review
Last editorial review 2026-09-23 · live protocol stats refresh every minute — rating is our editorial assessment, not an objective fact.
- Markets
- 184+ pairs
- Launch date
- 2024-12
GRVT — volume and open interest
Venue terms from the registry. Daily volume series since 2026-06-05; latest observed day 2026-10-03.
GRVT is a decentralized perpetual futures exchange with Layer 2 contracts on Ethereum. Funds stay in a smart contract gated by the private key of the registered wallet. Makers get a 0.0001% rebate, and takers pay 0.045%. Airdrop & points program
Market share by 24h volume
- Hyperliquid Perps26.8%
- Variational17.5%
- Aster Perps10.8%
- Lighter Perps6.5%
- GMX Solana6.3%
- Other ranked venues32.2%
Share of reported 24h volume across the 84 ranked DefiLlama-listed perp DEXes in the 2026-10-03 snapshot. Browse DefiLlama-listed perp DEXes
PerpFinder may earn a commission from this link. You can lose all your money on perp trades. Details
Live figures
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- Volume all-time
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- Open interest
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Taker fee vs other perp DEXes
Show all 36 venues▾
Published base-tier rates from each venue's fee page. A negative maker fee is a rebate. Volume tiers, referral discounts and token holdings can lower what you pay.
Rating breakdown
Key features
Who can use GRVT perps
Each answer comes from the GRVT terms or help pages, or from a regulator register. Each source shows the date that we opened it. See all venues in the perps by country matrix.
- United StatesNot available
The restricted-jurisdictions article names the United States of America and its territories as banned.
- United KingdomNot named
The restricted-jurisdictions article does not name the United Kingdom. No GRVT page states a service for the United Kingdom.
- EU and EEANot named
The restricted-jurisdictions article does not name the European Union, the EEA, or any EU member state.
- CanadaNot available
The restricted-jurisdictions article names Canada as banned.
- AustraliaNot named
The restricted-jurisdictions article does not name Australia. No GRVT page states a service for Australia.
- SingaporeNot available
The restricted-jurisdictions article names the Republic of Singapore as banned.
- NorwayNot named
The restricted-jurisdictions article does not name Norway. It does not name the European Union or the EEA.
Identity check: Not stated. GRVT runs a risk-based screening and wallet-review program for deposits and withdrawals. No GRVT page states that every user must complete identity verification to open a trading account.
GRVT screens deposit and withdrawal wallets for sanctions and financial-crime risk. A flagged wallet can be placed under review or blocked, separately from the restricted-jurisdictions list.
This page is not legal advice. It repeats what each venue and regulator publish on the checked date. Read the current terms and ask a qualified adviser before you trade.
SourcesTerms, help pages and regulator registers
- United States: GRVT restricted-jurisdictions article (checked 2026-09-23)
- United Kingdom: GRVT restricted-jurisdictions article (checked 2026-09-23)
- EU and EEA: GRVT restricted-jurisdictions article (checked 2026-09-23)
- Canada: GRVT restricted-jurisdictions article (checked 2026-09-23)
- Australia: GRVT restricted-jurisdictions article (checked 2026-09-23)
- Singapore: GRVT restricted-jurisdictions article (checked 2026-09-23)
- Norway: GRVT restricted-jurisdictions article (checked 2026-09-23)
- Identity check: GRVT AML/ATF program article (checked 2026-09-25)
- Notes: GRVT digital-wallet compliance article (checked 2026-09-25)
GRVT review 2026
What GRVT is and how it settles
GRVT is a decentralized exchange (DEX) for perpetual futures contracts (perps). The on-chain elements page says that GRVT uses "Layer 2 contracts on the Ethereum Mainnet." The same page lists the parts that run on-chain. These parts are self-custody, settlement, margin management, the risk engine and withdrawals.
The litepaper says that GRVT runs a custom Layer 2 on the ZKsync stack. Matching happens off-chain. Settlement to Ethereum uses zero-knowledge proofs. The data for each order and position does not go to the public chain. GRVT started its mainnet in December 2024. The official help center is on help.grvt.io.
Audits
The audits page says that GRVT "works closely with auditing and pentesting partners, such as Spearbit DAO and NCC Group." The statement does not give the scope or the date of each review. An audit checks one version of the code at one time. An audit does not remove smart contract risk.
Main risks
- Size tiers: the 50x limit on BTC and ETH applies only up to 600,000 USDT.
- Funding changes: a market can change to a 1-hour funding interval when the premium is high.
- Audit detail: the audit statement does not give the scope or date of each review.
- Smart contract risk: audits lower this risk. Code errors can still occur.
- Leverage risk: at high leverage, a small price move can cause liquidation.
Fees
The fee model page lists a maker fee of -0.0001%. A negative fee is a rebate. GRVT pays the maker. The taker fee is 0.045%. At that taker rate, a $10,000 market order costs $4.50 in trading fees.
You also pay the spread, slippage and funding as separate costs. Use the fee calculator to test other order sizes.
Leverage and markets
The margin requirements page shows a maximum of 50x for BTC_USDT_Perp and ETH_USDT_Perp. This limit applies at the lowest size tier. That tier goes up to 600,000 USDT. Larger positions get lower maximum leverage. Commodity perps allow up to 25x. Equity perps allow up to 10x. Check the limit for each market before you trade.
Funding
The funding rate page says that each market uses a 1-hour, 4-hour or 8-hour interval. The interval is usually the same as on Binance. When the premium is high, a market changes to a 1-hour interval. You can compare current rates on the funding rates tracker.
Measured trading cost
PerpFinder stored cost sweeps on September 22 and 23, 2026. The sweeps used $10,000 BTC and ETH market buys. GRVT ranked in the middle of the measured venues. The full ranking is on the cheapest BTC perp exchange page.
Custody and exit path
The on-chain elements page says that "your funds are kept on a GRVT smart contract gated by the private key of your registered wallet." The same page lists withdrawals as an on-chain function. The security model comparison says that only GRVT can run transactions on the L2 smart contracts.
The help center pages do not show a way to force a withdrawal if the operator has an outage. Read the current GRVT withdrawal documents before you deposit.
Who it may fit
GRVT can fit a trader who wants to control funds with a wallet key on an Ethereum Layer 2. A maker who posts limit orders gets a small rebate. A trader with positions above 600,000 USDT must check the lower leverage limits. Compare GRVT with other venues on the compare page or the perps list.
Frequently asked questions
What is the maximum leverage on GRVT?
The GRVT margin requirements page shows 50x for BTC_USDT_Perp and ETH_USDT_Perp up to 600,000 USDT.
Larger positions have a lower limit. Commodity perps allow up to 25x, and equity perps allow up to 10x.
What are the trading fees on GRVT?
The GRVT fee model page lists a maker fee of -0.0001%, which is a rebate.
The taker fee is 0.045%. At that rate, a $10,000 market order costs $4.50 in trading fees.
Where does GRVT settle trades?
The GRVT help center says that GRVT uses Layer 2 contracts on the Ethereum Mainnet.
Self-custody, settlement, margin management, the risk engine and withdrawals run on-chain.
Who holds the funds on GRVT?
The GRVT help center says that funds stay in a GRVT smart contract.
The private key of your registered wallet gates this contract.
Who audits GRVT?
The GRVT audits page names Spearbit DAO and NCC Group as auditing and pentesting partners.
The page does not give the scope or the date of each review.
How often does GRVT pay funding?
Each GRVT market uses a 1-hour, 4-hour or 8-hour funding interval.
The interval generally matches Binance. During periods of high premium, a market switches to a 1-hour interval.
Trade on GRVT
Sign up through our link for: Referral access to GRVT ahead of the targeted Q3 2026 $GRVT TGE.