Venues / Perp DEX

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Gains Network (gTrade)

As of Oct 29, 2026, Gains Network is a perp DEX on 4 chains costing 0.07% per round trip ($0.70 on a $1,000 buy and sell). Sign up with code dexsheet. Not available in the US.

Checked 2026-10-29 · sources below
Open Gains Network — code dexsheet

Gains Network runs Gains (formerly gTrade), an oracle-priced leveraged trading venue on Arbitrum, Base, Polygon and Solana with about 180 listed pairs across crypto, forex, stocks, indices and commodities. Trades open from your own wallet against gToken liquidity vaults, at up to 200x on BTC and ETH, 500x on degen pairs and 1000x on forex majors.

Cost: An opening fee and a closing fee are charged on position size: 0.035% each on BTC and ETH, 0.05% on core crypto, 0.06% on other crypto, 0.012% on forex majors, 0.03% to 0.05% on stocks, 0.05% on indices and 0.02% on 500x degen pairs. Spread and price impact are built into the execution price, and funding and borrowing fees accrue while a trade is open. A $1,000 buy-and-sell costs about $0.70 in Gains Network fees.

Sign-up perk: None documented. The referral docs describe no fee discount or bonus for referred traders; the Gains Credits and GNS-staking fee discounts apply to every trader.

More on Gains Network (gTrade): Overview · Referral code · Fees · Is it legit? · News · Alternatives · US alternatives

Gains Network code
dexsheet

You get: None documented. The referral docs describe no fee discount or bonus for referred traders; the Gains Credits and GNS-staking fee discounts apply to every trader.

Round trip fee
0.07%
buy + sell, platform fee
$1,000 buy + sell
$0.70
before network + pool fees
Fees paid, 30d
$244K
DefiLlama, to 2026-10-31
US availability
Not available
UK: unverified · EU: unverified

Quick answers

Custody
Self-custody
KYC
none
Platforms
web
Launched
—

Users paid Gains Network about $244K in fees in the 30 days to 2026-10-31 (DefiLlama) — a rough measure of how much it is actually used.

Best for: Traders outside the US who want high-leverage, oracle-priced perps on crypto, forex, stocks and commodities from their own wallet on Arbitrum, Base, Polygon or Solana.

Gains Network fees

FeeTypeRateApplies toNote
Opening/closing fee: BTC and ETH platform 0.035% Buy and sell Charged on position size (collateral x leverage) when opening and again when closing. The same rate applies to market and limit orders; on a limit order it goes to the oracle bots.
Opening/closing fee: other crypto platform 0.06% Buy and sell 0.05% per side on core pairs, 0.06% on non-core pairs.
Opening/closing fee: degen pairs (500x) platform 0.02% Buy and sell BTCDEGEN/USD and the other degen pairs open at 500x only. Fixed spread 0% on BTC, ETH, XRP and BNB degen pairs, 0.005% per side on the others.
Opening/closing fee: forex platform 0.012% Buy and sell 0.012% per side on majors, 0.016% on minors, 0.02% on exotics.
Opening/closing fee: stocks platform 0.05% Buy and sell Three groups: 0.05% (e.g. MSFT, GOOGL, MCD), 0.04% (AAPL, NVDA, PYPL) and 0.03% (AMD, SNAP, GME) per side.
Opening/closing fee: indices platform 0.05% Buy and sell 0.05% per side.
Opening/closing fee: commodities platform 0.05% Buy and sell Gold 0.035%, oil (WTI) 0.04%, silver, copper and platinum 0.05% per side.
Fixed spread spread 0.005% Buy and sell 0.005% per side on BTC, ETH and forex majors and minors; most other crypto 0%; silver and oil 0.025%, copper and platinum 0.02% per side; gold none.
Price impact spread — Buy and sell Liquidity impact plus skew impact on most crypto and forex pairs, based on trade size, recent open interest and Binance order-book depth. Trading against the heavier side can improve the price. Stocks, indices and commodities are fixed-spread only.
Protection close factor other — close Closing in profit within a few minutes of opening or adding multiplies the liquidity impact on that close, by 20x for about 3 minutes on most Arbitrum pairs and 4x on Base and Polygon (values as of 2026-10-12). Not applied to BTC, ETH, stocks, indices or commodities.
Funding fee protocol — Buy and sell Paid by the side with more open interest to the other side, charged per second on position size; can be earned.
Borrowing fee protocol — Buy and sell Paid per block by the dominant side, priced from the pair's net open interest relative to vault TVL. Always a cost, and it moves the liquidation price closer over time.
Network (gas) fee network — Buy and sell Paid in the chain's gas token with your own wallet; covered by Gains for instant-wallet trades, which Gains says can change.

Fee tiers

TierRateRequirement
Standard (BTC/ETH)0.035%default
Gains Credits Tier 10.034%6M credits earned in 30 days, 2.5% off opening and closing fees
Gains Credits Tier 20.033%20M credits, 5% off
Gains Credits Tier 40.032%100M credits, 10% off
Gains Credits Tier 60.03%400M credits, 15% off
Gains Credits Tier 80.026%2,000M credits, 25% off; a separate GNS-staking discount of 5% to 50% multiplies on top

Perps: taker 0.035%, maker 0.035% — No maker/taker split: BTC and ETH pay 0.035% to open and 0.035% to close on market and limit orders alike, plus a 0.005% fixed spread per side. Other asset classes range from 0.012% (forex majors) to 0.06% (non-core crypto) per side.

Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.

Full Gains Network fee breakdown →

Is Gains Network legit?

You trade from your own wallet; the docs say money stays there until you open a trade and comes back when you close. Open-trade collateral sits in the Gains smart contracts, and the gToken vaults are the counterparty. The optional instant wallet (Google or email login) is a self-custodial Privy wallet, and Gains pays its gas.

We found no reported hacks or fund losses in the sources we checked. That is not a guarantee.

The full "is Gains Network legit?" check →

Where Gains Network is available

RegionStatus
United StatesNot available
United KingdomUnverified
European UnionUnverified

The Terms of Service say use of the site 'from or in the United States or United States territories, or by persons who are US persons ... is strictly prohibited, regardless of the user's IP address', and bar using a VPN to hide a US residence. Persons on Panama, UN, US or EU sanctions lists are also barred. The UK and EU are not named. The app also geoblocks asset categories by region; the docs give stocks and indices in the US and OFAC-sanctioned regions as an example. (source)

We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.

Pros and cons

Pros

  • About 180 active pairs across crypto, forex, stocks, indices and commodities, with up to 1000x on forex majors, 250x on gold and silver and 200x on BTC and ETH.
  • BTC and ETH cost 0.035% to open and 0.035% to close, and forex majors 0.012% per side.
  • Trades open from your own wallet with no account or KYC; an optional instant wallet removes confirmations and gas.
  • Gains Credits cut opening and closing fees by 2.5% to 25% based on 30-day volume, and a GNS-staking discount stacks on top.
  • We found no reported exploit of Gains itself in DefiLlama's hacks database.

Cons

  • US persons are barred by the Terms of Service, and some asset classes are geoblocked by region.
  • Closing a trade in profit within minutes of opening can multiply the price impact by up to 20x on most Arbitrum pairs.
  • Borrowing fees always apply to the dominant side and pull the liquidation price closer the longer you hold.
  • Referral codes give the referred trader no documented discount and cannot be added after a wallet's first trade.

Features

perpscrypto perpsforex perpsstock perpsindex perpscommodity perpsoracle pricinglimit ordersstop-loss/take-profitpartial closeone-click tradinggasless tradingemail loginpractice modeliquidity vaultsfee discount tiersAPI/SDK

Gains Network code

Gains Network code
dexsheet

You get: None documented. The referral docs describe no fee discount or bonus for referred traders; the Gains Credits and GNS-staking fee discounts apply to every trader.

Open Gains Network

Alternatives to Gains Network

Lighter

Non-US, non-UK retail perps traders who want zero trading fees and can accept slower taker execution than paid accounts.

0%Round trip

Paradex

Non-US traders who place orders manually through a web UI and want zero-fee perps plus options from one margin account.

0%Round trip

trade.xyz

Traders outside the US, UK and Canada who want leveraged, round-the-clock exposure to stocks, indices, commodities, FX and pre-IPO companies from a self-custodied Hyperliquid account.

0.018%Round trip

Extended

Traders outside the US, UK and Canada who want low taker fees on crypto plus stock, FX, commodity and index perps from one USDC margin account in their own wallet.

0.05%Round trip

All Gains Network alternatives compared →

Head to head

Gains Network market share

Where Gains Network ranks

Gains Network in the news

All Gains Network news →

Gains Network FAQ

Is Gains Network legit?

Gains Network is a live onchain leveraged trading protocol on Arbitrum, Base, Polygon and Solana, tracked by DefiLlama since December 2021. Its docs say the contracts were audited by Halborn, earlier versions by CertiK, and upgrades run through timelocks. We found no reported exploit of Gains itself; a 2026-09-28 pause covers MegaETH only.

What are gTrade's trading fees?

Gains charges an opening and a closing fee on position size: 0.035% each on BTC and ETH, 0.05% to 0.06% on other crypto, 0.012% on forex majors, 0.03% to 0.05% on stocks and 0.05% on indices. Spread, price impact, funding and borrowing fees come on top.

Can US users trade on Gains Network?

No. The Terms of Service prohibit use from the United States or its territories, or by US persons, regardless of IP address, and prohibit using a VPN to hide a US location. The app also blocks stocks and indices in the US and OFAC-sanctioned regions.

What is the maximum leverage on gTrade?

It depends on the pair. The docs' pair list shows 200x on BTC and ETH, 150x on most other crypto, 500x on degen pairs such as BTCDEGEN/USD, 1000x on forex majors, 250x on gold and silver, 100x on indices and 50x on most stocks.

What collateral can I use on Gains?

It depends on the chain: USDC, WETH and GNS on Arbitrum, USDC and WETH on Polygon, and USDC and BtcUSD on Base. DAI markets are close-only. Trading fees are paid in the collateral you use.