{ "schemaVersion": 1, "id": "paradex-vs-grvt", "version": "1.0.0", "name": "Paradex vs GRVT", "reviewedAt": "2026-10-14", "reviewIntervalDays": 14, "reviewer": "Decentralised News editorial research", "evidenceType": "documentation_comparison", "liveTested": false, "summary": "Compare order classification, usable collateral and settlement obligations. A USDC balance can have very different consequences for margin, debt and withdrawals.", "scope": "2 pinned documentation briefs compared by decision condition. Not a live execution test, security audit, exhaustive product inventory or individual eligibility assessment.", "comparisonContext": "Paradex Retail/Pro order treatment and GRVT Single-Asset/Multi-Asset margin are different kinds of settings. This comparison preserves those distinctions and does not equate their accounts, networks or cost schedules.", "comparisonParticipants": [ "paradex", "grvt" ], "sources": [], "networks": [ { "id": "perpetuals", "name": "Perpetual trading across distinct product scopes", "collaterals": [], "collateralNote": "Market, account and route dependent. No universal collateral equivalence or shared deployment is asserted." } ], "illustration": null, "rows": [ { "id": "mode", "label": "Classification and account mode", "meaning": "Confirm both the access method and the margin setting. Retail order eligibility is not the same question as which assets count as collateral.", "paradex": "The guide classifies UI and interactive-JWT API submissions as Retail. Standard API submissions default to Pro; exceeding Retail limits changes treatment.", "paradexSources": [ "orders" ], "grvt": "The MAM guide supports USDT and USDC with collateral haircuts. Single-Asset Mode counts USDT only; enabled collateral and margin balance govern capacity.", "grvtSources": [ "margin" ] }, { "id": "collateral", "label": "Usable collateral and debt", "meaning": "Total account value is not available margin. GRVT USDC collateral does not change USDT settlement; account debt may create additional costs.", "paradex": "The collateral guide says non-USDC balances contribute to total account value but not free collateral, and USDC is required for perpetual markets.", "paradexSources": [ "collateral" ], "grvt": "Perps settle in USDT. Under MAM, a USDT shortfall can trigger automatic borrowing against other collateral, with hourly interest and possible conversion fees.", "grvtSources": [ "margin" ] }, { "id": "fees", "label": "Fee conditions", "meaning": "Match product, order classification and fee tier. Zero commission or a maker rebate cannot establish an all-in cost advantage.", "paradex": "The fee page lists zero Retail maker/taker trading fees and a separate Pro schedule. Pro perps/spot maker fees and volume-based taker fees apply.", "paradexSources": [ "fees" ], "grvt": "The fee page contains dated schedules and separates spot from perps. Its March 2026 schedule uses 30-day trading-volume tiers and distinguishes maker rebates from taker charges.", "grvtSources": [ "fees" ] }, { "id": "funding", "label": "Balance and funding interpretation", "meaning": "Check the resulting asset after a deposit or conversion. Holding a token, counting it as margin and settling a trade in it are distinct conditions.", "paradex": "The collateral guide says non-USDC balances contribute to total account value but not free collateral, and USDC is required for perpetual markets.", "paradexSources": [ "collateral" ], "grvt": "The USDC deposit article describes automatic conversion to USDT through Rhino. The newer MAM guide separately describes USDC held as collateral.", "grvtSources": [ "deposit", "margin" ] }, { "id": "withdrawal", "label": "Withdrawal conditions", "meaning": "Use the account-specific withdrawable amount and final route quote. Published balance rules and fee descriptions are not observed payout reliability.", "paradex": "Risk checks constrain withdrawable USDC by free collateral and the account USDC balance. Margin-health checks govern liquidation eligibility.", "paradexSources": [ "risk" ], "grvt": "The fee-model page lists network-specific flat amounts. The dedicated transfer-fee article describes Rhino routes as a platform charge plus bridge gas.", "grvtSources": [ "fees", "withdrawal" ] }, { "id": "execution", "label": "Execution and liquidation limits", "meaning": "Documented queue treatment and liquidation procedures describe different mechanisms. They do not provide a measured execution or safety ranking.", "paradex": "Retail orders have documented speed bumps and lower rate limits, with access to Retail Price Improvement liquidity and queue benefits. Pro orders follow different conditions.", "paradexSources": [ "orders" ], "grvt": "The MAM guide describes automatic conversion or full liquidation when margin requirements are breached. Open-order cancellation should not be assumed to rescue margin first.", "grvtSources": [ "margin" ] }, { "id": "evidence", "label": "What remains unmeasured", "meaning": "Current permissions, individual eligibility and independently observed fills and withdrawals remain unverified.", "paradex": "This review does not establish individual eligibility, API permission safety or live withdrawal and stop-loss reliability.", "paradexSources": [], "grvt": "This pinned snapshot provides no independent measurements of execution, withdrawal reliability or individual eligibility.", "grvtSources": [] } ], "unknowns": [ "Matched executable quotes including entry, holding and exit costs", "Independent fill, stop-loss and withdrawal reliability", "Current permissions, recovery and revocation behaviour", "Individual eligibility and current regional restrictions" ], "history": [ { "date": "2026-10-14", "type": "DN publication", "detail": "Initial comparison of pinned documentation snapshots. Evidence coverage differs; unsupported conditions remain unknown." } ], "reviewTriggers": [ "Changed official product, fee, margin or withdrawal documentation", "A substantiated correction", "The earliest underlying editorial review deadline" ], "disclosure": "DN may receive compensation through commercial links elsewhere on the site. This comparison has no trading CTA or payout-based ranking. Documentation does not establish current operational status, safety or user eligibility.", "evidenceSnapshots": { "paradex": { "schemaVersion": 1, "id": "paradex", "version": "1.0.0", "name": "Paradex", "reviewedAt": "2026-10-14", "reviewIntervalDays": 14, "reviewer": "Decentralised News editorial research", "evidenceType": "provider_documentation", "liveTested": false, "summary": "Paradex classifies orders as Retail or Pro by submission method. That affects fees and execution conditions, while the reviewed collateral guide requires USDC for perpetual trading.", "scope": "Provider-documentation review focused on perpetual trading. Not an exhaustive product inventory, live execution test, security audit or individual eligibility assessment.", "decisionTitle": "The order route changes the trading conditions.", "decisionContext": "Do not treat Retail as a permanent identity. Check how each order is submitted, its resulting classification and the margin actually available.", "sources": [ { "id": "orders", "name": "Paradex Retail and Pro orders", "url": "https://docs.paradex.trade/trading/trader-profiles", "reviewedAt": "2026-10-14" }, { "id": "fees", "name": "Paradex trading fees", "url": "https://docs.paradex.trade/trading/trading-fees", "reviewedAt": "2026-10-14" }, { "id": "collateral", "name": "Paradex non-USDC balances and collateral", "url": "https://docs.paradex.trade/trading/spot-trading/non-usdc-balances-collateral", "reviewedAt": "2026-10-14" }, { "id": "risk", "name": "Paradex risk checks", "url": "https://docs.paradex.trade/risk/paradex-risk-checks", "reviewedAt": "2026-10-14" } ], "networks": [ { "id": "paradex", "name": "Paradex perpetual trading (review scope)", "collaterals": [], "collateralNote": "USDC required for perps in the reviewed collateral guide; non-USDC balances are not free collateral." } ], "claims": [ { "id": "classification", "question": "What makes an order Retail or Pro?", "label": "Provider-reported", "finding": "The guide classifies UI and interactive-JWT API submissions as Retail. Standard API submissions default to Pro; exceeding Retail limits changes treatment.", "consequence": "An automated route can change fee and execution conditions. Inspect the order classification, not an assumed permanent user category.", "sourceIds": [ "orders" ] }, { "id": "fees", "question": "Does every order receive zero trading fees?", "label": "Provider-reported", "finding": "The fee page lists zero Retail maker/taker trading fees and a separate Pro schedule. Pro perps/spot maker fees and volume-based taker fees apply.", "consequence": "A retail headline is not an API cost estimate. Confirm classification and discounts; no all-in cost is calculated here.", "sourceIds": [ "fees" ] }, { "id": "execution", "question": "What trade-off accompanies Retail treatment?", "label": "Provider-reported", "finding": "Retail orders have documented speed bumps and lower rate limits, with access to Retail Price Improvement liquidity and queue benefits. Pro orders follow different conditions.", "consequence": "Configuration differences do not establish which route fills better. DN has not performed comparable execution tests.", "sourceIds": [ "orders" ] }, { "id": "collateral", "question": "Does total account value equal usable perp collateral?", "label": "Provider-reported", "finding": "The collateral guide says non-USDC balances contribute to total account value but not free collateral, and USDC is required for perpetual markets.", "consequence": "Do not count a non-USDC spot holding as available perp margin. The guide describes broader collateral support as future work.", "sourceIds": [ "collateral" ] }, { "id": "withdrawals", "question": "Can the whole displayed balance always be withdrawn?", "label": "Provider-reported", "finding": "Risk checks constrain withdrawable USDC by free collateral and the account USDC balance. Margin-health checks govern liquidation eligibility.", "consequence": "Account value, free collateral and withdrawable funds are distinct. A displayed balance does not guarantee an immediate withdrawal of that amount.", "sourceIds": [ "risk" ] }, { "id": "access", "question": "Has DN independently checked access and permissions?", "label": "Unknown", "finding": "This review does not establish individual eligibility, API permission safety or live withdrawal and stop-loss reliability.", "consequence": "Check current terms and access controls separately. Provider documentation is not an independent safety endorsement.", "sourceIds": [] } ], "illustration": null, "unknowns": [ "Current executable quotes and all-in holding costs", "Independent fill, stop-loss and withdrawal reliability", "Live signing permissions and revocation behaviour", "Individual eligibility and current regional restrictions" ], "history": [ { "date": "2026-10-14", "type": "DN publication", "detail": "Initial documentation brief. Account-specific conditions and evidence limits are preserved in this version." } ], "reviewTriggers": [ "Changed official product, fee or margin documentation", "A substantiated correction", "The 14-day editorial review deadline" ], "disclosure": "DN may receive compensation through commercial links elsewhere on the site. This brief contains no trading CTA or payout-based ranking. A documentation review does not establish current operational status or user eligibility." }, "grvt": { "schemaVersion": 1, "id": "grvt", "version": "1.0.0", "name": "GRVT", "reviewedAt": "2026-10-14", "reviewIntervalDays": 14, "reviewer": "Decentralised News editorial research", "evidenceType": "provider_documentation", "liveTested": false, "summary": "GRVT distinguishes single-asset and multi-asset margin. USDC collateral support does not change USDT settlement, and a shortfall can introduce borrowing costs.", "scope": "Provider-documentation review of GRVT perpetual trading. Not a live execution test, exhaustive product inventory, security audit or individual eligibility assessment.", "decisionTitle": "Check the margin mode before counting your collateral.", "decisionContext": "Deposit currency, usable margin and settlement currency are separate questions. Confirm the actual account mode and funding route before relying on a general USDC-support statement.", "sources": [ { "id": "margin", "name": "GRVT multi-asset margin guide", "url": "https://help.grvt.io/en/articles/16857432-multi-asset-margin-a-complete-guide", "reviewedAt": "2026-10-14" }, { "id": "deposit", "name": "GRVT USDC deposit route", "url": "https://help.grvt.io/en/articles/12275552-depositing-usdc-into-grvt", "reviewedAt": "2026-10-14" }, { "id": "fees", "name": "GRVT fee model", "url": "https://help.grvt.io/en/articles/9614699-how-does-grvt-s-fee-model-work", "reviewedAt": "2026-10-14" }, { "id": "withdrawal", "name": "GRVT deposit and withdrawal fees", "url": "https://help.grvt.io/en/articles/9635479-are-you-charging-any-fees-on-deposits-and-withdrawals", "reviewedAt": "2026-10-14" } ], "networks": [ { "id": "grvt", "name": "GRVT perpetual trading (review scope)", "collaterals": [], "collateralNote": "The MAM guide lists USDT and USDC; Single-Asset Mode uses USDT. Haircuts and account settings affect usable margin." } ], "claims": [ { "id": "collateral", "question": "Does holding USDC always provide margin?", "label": "Provider-reported", "finding": "The MAM guide supports USDT and USDC with collateral haircuts. Single-Asset Mode counts USDT only; enabled collateral and margin balance govern capacity.", "consequence": "Check your selected mode and usable margin rather than treating total equity as buying power.", "sourceIds": [ "margin" ] }, { "id": "borrowing", "question": "Can a stablecoin balance still create a borrowing cost?", "label": "Provider-reported", "finding": "Perps settle in USDT. Under MAM, a USDT shortfall can trigger automatic borrowing against other collateral, with hourly interest and possible conversion fees.", "consequence": "Include debt and conversion costs alongside trading fees and funding. A positive overall balance does not rule out USDT debt.", "sourceIds": [ "margin" ] }, { "id": "deposit", "question": "Is the deposit route the same as collateral support?", "label": "Provider-reported", "finding": "The USDC deposit article describes automatic conversion to USDT through Rhino. The newer MAM guide separately describes USDC held as collateral.", "consequence": "These describe different flows. Verify the selected deposit preview and resulting asset; do not assume every USDC deposit stays USDC.", "sourceIds": [ "deposit", "margin" ] }, { "id": "fees", "question": "Which fee schedule applies?", "label": "Provider-reported", "finding": "The fee page contains dated schedules and separates spot from perps. Its March 2026 schedule uses 30-day trading-volume tiers and distinguishes maker rebates from taker charges.", "consequence": "Use the applicable product, current tier and executed order treatment. A maker rebate is not a guaranteed net profit or an all-in cost.", "sourceIds": [ "fees" ] }, { "id": "withdrawal", "question": "Can a single published withdrawal figure cover every route?", "label": "Documentation difference", "finding": "The fee-model page lists network-specific flat amounts. The dedicated transfer-fee article describes Rhino routes as a platform charge plus bridge gas.", "consequence": "The pages present route costs differently. Confirm the final withdrawal quote and route; DN has not reconciled a live transaction.", "sourceIds": [ "fees", "withdrawal" ] }, { "id": "risk", "question": "Does multi-asset collateral prevent liquidation?", "label": "Provider-reported", "finding": "The MAM guide describes automatic conversion or full liquidation when margin requirements are breached. Open-order cancellation should not be assumed to rescue margin first.", "consequence": "Collateral flexibility does not establish execution or liquidation safety. DN has not tested these paths.", "sourceIds": [ "margin" ] } ], "illustration": null, "unknowns": [ "Current executable quotes and all-in holding costs", "Independent fill, stop-loss and withdrawal reliability", "Live signing permissions and revocation behaviour", "Individual eligibility and current regional restrictions" ], "history": [ { "date": "2026-10-14", "type": "DN publication", "detail": "Initial documentation brief. Account-specific conditions and evidence limits are preserved in this version." } ], "reviewTriggers": [ "Changed official product, fee or margin documentation", "A substantiated correction", "The 14-day editorial review deadline" ], "disclosure": "DN may receive compensation through commercial links elsewhere on the site. This brief contains no trading CTA or payout-based ranking. A documentation review does not establish current operational status or user eligibility." } } }