HermesGEX vs SpotGamma
The category definer: inventors of HIRO hedging flow and the TRACE heatmap
Quick verdict
SpotGamma is the benchmark GEX research brand — HIRO, the TRACE heatmap, a proprietary Synthetic OI model and serious media presence are real moats. HermesGEX doesn't fight them on research depth; it delivers comparable dealer-positioning intelligence at roughly one-third the price, written directly into your trading terminal: native plugins for five platforms, futures-native ES/NQ pricing, BTC/ETH crypto GEX and full Chinese-language support — four things SpotGamma doesn't offer.
Pricing comparison
| Dimension | HermesGEX | SpotGamma |
|---|---|---|
| Plans | Essential $35 / Pro $75 / Ultra $119 per month (20% off yearly) | Essential $99 / Alpha $299 per month (≈25% off yearly) |
| Flagship yearly cost | Ultra $1,140/yr (≈$95/mo) | Alpha $2,691/yr (≈$224/mo) |
| Free tier | Yes: live BTC/ETH crypto GEX + ES/NQ preview | None |
Feature comparison
| Dimension | HermesGEX | SpotGamma |
|---|---|---|
| Real-time hedging flow curve | NET/C/P cumulative intraday delta tri-line (session reset) | HIRO (the original, with cross-ticker normalization) |
| Futures-native pricing | ES/NQ contract prices natively, 1-second refresh | Index-priced; you convert to contract levels yourself |
| Trading platform plugins | MotiveWave · Bookmap · NinjaTrader · MT5 · ATAS — five platforms | Bookmap HIRO add-on only (extra $49/mo) |
| Single-stock coverage | 26+ tickers (indices + major ETFs + core stocks) | Equity Hub covers 3,500+ stocks |
| Crypto options GEX | BTC/ETH around the clock (included in free tier) | Not offered |
| Historical replay | Frame-by-frame replay of any session in the past 30 days | No equivalent replay |
| Daily research content | AI pre-market briefing (macro + key levels + risk calendar) | Founder's Note written daily by the founder (years of track record) |
| Chinese language | Full bilingual UI, docs and briefings | English only |
When to choose HermesGEX
- You day-trade ES/NQ futures and want contract-priced levels drawn inside NinjaTrader / MotiveWave / Bookmap
- You want comparable dealer-positioning intel on a $35–119/mo budget
- You trade BTC/ETH options, or need a Chinese-language terminal and briefings
When to choose SpotGamma
- You trade single-stock options and need GEX coverage across 3,500+ names
- You value hand-written daily research and a media-grade narrative, and $299/mo fits your budget
- You need HIRO's battle-tested cross-ticker normalized flow readings
Frequently asked questions
Is HermesGEX a SpotGamma alternative?
For futures day traders, yes: both provide GEX key levels, regime detection and hedging-flow curves, and HermesGEX adds five platform plugins plus futures-native pricing at roughly a third of the price. If you need 3,500+ stock coverage or hand-written research, SpotGamma remains the better fit.
Do the two use the same data?
No. SpotGamma runs a proprietary Synthetic OI model; HermesGEX computes GEX from CBOE option chains and Tradier real-time quotes, with Deribit powering the crypto side. Methodologies differ, so levels will differ — compare both before deciding.
Can I try HermesGEX for free?
Yes. Signing up gives you live BTC/ETH crypto GEX and an ES/NQ preview, no credit card required. Code HERMESGEX30 takes 30% off your first 3 months.
Verify for free before you decide
Signing up gives you live BTC/ETH crypto GEX and an ES/NQ preview — no credit card. Code HERMESGEX30 takes 30% off your first 3 months.
More comparisons
Data on this page comes from SpotGamma's public pricing and feature pages (retrieved June 2026) and HermesGEX's actual product configuration. Competitor pricing and features may change at any time — refer to their official site. SpotGamma is a trademark of its owner; no affiliation or endorsement is implied.