DEX traders will compare trading fees down to the last basis point, but the actual payout structure can matter way more than the headline fee.

Take moon.com for example. There's a 1% opening fee on the wager and a performance fee of at least 10% on profitable bets. A $100 wager making $20 gross profit leaves at most $17 net after those two charges, before any holding fees.

It's also a house backed wagering model rather than a DEX order book, so the economics are fundamentally different. Comparing win rates between these products without accounting for the fee structure seems pretty pointless.