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 and full Chinese-language support — three things SpotGamma doesn't offer.
Pricing comparison
| Dimension | HermesGEX | SpotGamma |
|---|---|---|
| Plans | Essential $29 / Pro $49 / Ultra $79 per month (20% off yearly) | Essential $99 / Alpha $299 per month (≈25% off yearly) |
| Flagship yearly cost | Ultra $758/yr (≈$63/mo) | Alpha $2,691/yr (≈$224/mo) |
| Free tier | Yes: ES/NQ GEX preview + public GEX heatmap | 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 | 62 instruments (indices · futures · ETFs · core stocks) | Equity Hub covers 3,500+ stocks |
| 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 $29–79/mo budget
- You need a fully 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 official exchange option chains and real-time quotes. Methodologies differ, so levels will differ — compare both before deciding.
Can I try HermesGEX for free?
Yes. Signing up gives you a free ES/NQ GEX preview and the public SPY/QQQ/SPX GEX heatmap, no credit card required. Code HERMESGEX30: 30% off the quarterly 3-month pass, or 30% off your first month on monthly plans.
Verify for free before you decide
Signing up gives you an ES/NQ GEX preview and the public GEX heatmap — no credit card. Code HERMESGEX30: 30% off the quarterly 3-month pass, or 30% off your first month on monthly plans.
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.