Live data
GMX perpetual futures
Live funding rates, open interest, and measured trade costs for GMX. 9 venues in the PerpFinder venue map list GMX perps.
At a glance
This GMX funding snapshot covers 4 venues: Bybit, Hyperliquid, Binance, and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists GMX.
- Highest annualized funding
- +10.95%Bybit
- Executable spread
- 0.00% annualizedBybit vs Hyperliquid
More
The highest executable annualized funding rate is +10.95% on Bybit, and the lowest is +10.95% on Hyperliquid.
The executable spread between Bybit and Hyperliquid is 0.00% annualized, from 2 venues that report open interest.
Bybit and Hyperliquid report $2.3m of open interest across the venues in this snapshot that publish it.
The GMX price in this snapshot comes from Binance at $8.30.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
dYdXDEX
BybitCEX
BinanceCEX
HyperliquidDEXOpen interest
Per-exchange open interest
BybitHyperliquidLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. GMX is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade GMX Perpetual Futures
8 of the 9 venues that list GMX perps have a PerpFinder review page. The table compares fees, leverage, and features for those 8.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | GMX → | |
| 0.010% | 0.050% | 50x | 9.0 | GMX → | |
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | GMX → | ||
| 0.020% | 0.050% | 100x | 8.0 | GMX → | |
| 0.010% | 0.020% | 100x | 7.8 | GMX → | |
| Free | 0.030% | 50x | 7.8 | GMX → | |
| -0.010% | 0.017% | 1000x | 7.8 | GMX → | |
| 0.050% | 0.080% | 20x | 7.5 | GMX → | |
Market Overview
GMX is a decentralized perpetual futures and spot exchange on Arbitrum and Avalanche, known for its GLP/GM liquidity model. GMX perpetual futures are available on centralized exchanges. GMX perps offer direct exposure to one of the most successful DEX derivatives platforms, with token value linked to platform fee revenue distributed to stakers.
The GMX token belongs to the GMX perp DEX, where protocol trading fees have funded staker rewards — the mechanism moved from direct fee share to buyback-and-distribute, and its schedule is governance-set rather than fixed. That still makes the token a claim on derivatives activity, but verify the current distribution terms before treating it as a yield position.
Trading Tips for GMX Perps
GMX revenue is distributed to stakers weekly, making fee data a real-time fundamental indicator. Track GMX platform trading volume and fee generation — sustained volume increases translate directly to higher GMX staking yields, which tends to drive buying pressure.
Frequently Asked Questions — GMX
What is the current GMX perpetual futures funding rate?
The live GMX funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists GMX perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest GMX perp trading fees?
Among 7 tracked GMX venues with comparable order-book schedules, DESK lists the lowest taker fee at 0.017%. SynFutures lists 0.020%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does GMX open interest compare across exchanges?
The GMX open-interest chart shows the total value of outstanding GMX derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the GMX long/short ratio indicate?
The GMX long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade GMX perpetual futures?
GMX perps are listed on 8 exchanges, including Hyperliquid, dYdX, Gains Network, Apex Omni, and SynFutures, plus 3 more. The "Where to Trade GMX Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: DeFi · Data updates every 2 minutes · All rates shown are annualized