Polymarket Perps vs Gate

Opening and closing $10,000 of BTC with market orders costs $9.96 on Polymarket Perps and $15.01 on Gate right now, taker fee and order-book slippage together, so Polymarket Perps is cheaper. Taker fees: 0.04% and 0.075%.

Polymarket Perps lists 90 active markets and Gate 1080; 88 assets trade on both, 48 of them stocks, commodities or other real-world assets.

Polymarket Perps: No ID for Perps since the beta ended in Sep 2026; orders cannot be placed from the US, Canada or sanctioned countries. Gate: KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Yes: 2 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was UNITREE, long on Gate and short on Polymarket Perps, with $111 left after costs.

24-hour volume: Polymarket Perps $138.7M, Gate $21.05B. Open interest as each reports it: $108.4M and $12.32B. Gate reports open interest as longs plus shorts, both sides of every position; Polymarket Perps reports one side. For the same positions Gate's figure reads about twice as large.