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GMX Perpetual Futures

GMX Perpetual Futures — Live Data

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.

Where to Trade GMX Perpetual Futures

GMX perpetual futures are available on 8 exchanges. The venue cards compare fees, leverage, and features for trading GMX perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
40x
Rating
9.2/10
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
50x
Rating
9.0/10
Gains Network logo
Gains Network
Arbitrum, Base, Polygon, ApeChain, MegaETH, Solana
Position Fee
0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads
Max Leverage
1000x
Rating
8.0/10
Apex Omni logo
Apex Omni
Ethereum, Arbitrum, BSC, Polygon
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
8.0/10
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/10
Orderly Network logo
Orderly Network
NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI
Maker Fee
Free
Taker Fee
0.030%
Max Leverage
50x
Rating
7.8/10
DESK logo
DESK
Arbitrum, Base
Maker Fee
-0.010%
Taker Fee
0.017%
Max Leverage
1000x
Rating
7.8/10
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/10

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