Gains Network Review
Granular fee schedule, core licence unconfirmed
of 10
Gains Network publishes opening and closing fees by asset class — 0.035% on BTC and ETH, 0.05% to 0.06% on other cryptos, down to 0.012% on major forex — plus a per-block borrowing fee formula and published liquidation thresholds. Its core contract licence and audits could not be confirmed.
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Opening/closing fee
0.035% BTC/ETH; 0.05-0.06% other crypto; 0.012% major forex
Spread
0.005% per side BTC/ETH; 0% most cryptos
Borrowing fee
Per-block formula on position size
Liquidation threshold
63-90% by asset class and leverage
Core licence / audits
Not verified
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (9.0 + 7.0 + 3.0 + 2.0 + 5.0) ÷ 5 = 5.2.
Pros
- Fees published in detail by asset class, from 0.012% forex to 0.06% non-core crypto
- Fixed spreads published: 0.005% per side on BTC and ETH, 0% on most cryptos
- Borrowing fee given as an explicit per-block formula
- Liquidation thresholds published, ranging 63% to 90% by asset class and leverage
Cons
- The core gTrade contracts repository licence could not be confirmed; only SDK and tooling repos were readable
- No dedicated audits or security page was found
- Risk backstop and insurance arrangements are not documented on the fee page
One of the most detailed fee schedules here
Gains Network publishes opening and closing fees per asset class — 0.035% on BTC and ETH, 0.05% on core cryptos, 0.06% on non-core, 0.02% on degen markets, and as low as 0.012% on major forex — alongside fixed spreads and a per-block borrowing fee given as an explicit formula. Liquidation thresholds are published too, ranging from 63% to 90% depending on asset class and leverage. On disclosure of what a trade costs, it is among the best in this comparison.
The code side is unverified
What could not be confirmed is the licence on the core gTrade contracts — the readable repositories in the organisation are SDKs and tooling, licensed variously as MIT, GPL-3.0 and Apache-2.0, none of which is the trading engine. No dedicated audits page was found either. Those gaps hold down the licence and audit scores, and the review states exactly what was and was not verifiable.
How it compares
Drift
Apache-2.0 core; live docs now serve a fork
Jupiter Perps
Fees documented, core program closed
Paradex
Low maker fee published, wider docs unreachable
Aevo
Fees and liquidation tiers published, code unverified
Orderly Network
Apache-2.0 core with three named auditors
Ostium
MIT-licensed with six named audit reports
GMX
Imbalance-based fees, five named auditors
dYdX
AGPL-licensed core with a published liquidation cap
Hyperliquid
Hourly funding and liquidations documented in full
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.Gains Network — fees and spread — checked
- 2.Gains Network — GitHub organisation — checked
Frequently asked questions
What does Gains Network charge to trade?
Opening and closing fees by asset class: 0.035% on BTC and ETH, 0.05% to 0.06% on other cryptos, and as low as 0.012% on major forex, plus a per-block borrowing fee.
Is the Gains Network core open source?
We could not confirm it. The readable repositories are SDKs and tooling; the core gTrade contracts repository licence could not be verified.
Nothing here is financial advice. Editorial policy · How we score · How we're funded.