GMX Referral Code PRO — 10% Off V2 Fees
10% off every trade on GMX V2 — no volume cap, no expiration, code PRO
Code
Discount
10% off open/close fees
Volume cap
No cap
Expires
None
Zero price impact. That is GMX's core claim. A $500,000 long on BTC fills at the oracle price, absorbs no slippage from other traders' orders, and closes the same way. Code PRO takes 10% off every open and close fee, permanently, with no volume cap.
What oracle-based execution means in practice
Most perp DEXes run an order book — even decentralized ones. When you market-buy, your order walks up the ask side, and each lot fills at a slightly worse price than the last. On deep pairs like BTC on Hyperliquid, slippage at $200K is measured in fractions of a basis point. On mid-cap pairs or during volatile periods, it is real.
GMX has no order book. It pools liquidity and fills every trade at the Chainlink oracle price. Your $500K position fills at the same price as a $5K position. No slippage penalty for size. This is not a minor feature — it fundamentally changes which platform is cheaper for large directional trades once you factor in the actual all-in cost versus the headline fee rate.
What 10% off is actually worth
GMX V2 charges 0.04-0.06% per open/close leg depending on the market and pool utilization. Code PRO brings that to 0.036-0.054%.
On a $50,000 round trip at 0.06%: standard cost is $60, with PRO it is $54. Three round trips per day at that size saves $18/day, $540/month. At $500,000 in daily position volume: roughly $900/month saved. No cap, no expiry. Over a year at the same activity, that is $10,800 in retained fees.
Contrast this with Hyperliquid's AWD code: 4% discount capped at $25M volume. At $500K daily, Hyperliquid's referral runs out in 50 trading days. GMX's PRO discount is still running on day 365.
The fee the code does not touch
PRO applies to open and close fees only. Borrow fees — the per-hour rate that accrues while a position stays open — are untouched.
Borrow rates on GMX V2 are determined by pool utilization. When demand for longs on BTC is high relative to the pool's capacity, the hourly borrow rate rises. On a position held open for 48-72 hours during a high-utilization period, borrow fees can approach or exceed the combined open/close fee. Model your position-holding cost before entering swing trades — the PRO discount helps on entry and exit, but it does not offset heavy borrow costs on a long hold.
The tier system — why PRO gives 10% not 5%
GMX referral codes are tiered. Tier 1 codes give 5% off. Tier 2 codes give 10%. Tier 2 requires the affiliate to maintain at least 15 active referred users per week and $5M in weekly referred volume. PRO operates at Tier 2. You can verify any code's current tier on the GMX Referrals page.
If PRO ever drops below Tier 2 activity thresholds, the discount falls to 5%. Check the Referrals page periodically if this matters to you.
Setup: case-sensitive, network-specific
Two points worth stating plainly. First, the code is case-sensitive — enter PRO in uppercase. "pro" will not work. Second, GMX V2 is on Arbitrum and Avalanche, and the code must be entered separately on each chain. Setting it on Arbitrum does not propagate to Avalanche. Visit the Referrals page on each network and enter PRO after connecting the appropriate wallet.
Once set on a network, the code is permanent for that wallet. You do not re-enter it after browser clears or device switches.
Where GMX wins the fee comparison
For positions above $100K-$200K on BTC and ETH: oracle execution eliminates slippage that other platforms charge implicitly. Even at 0.054% (PRO rate at 0.06% base), GMX's all-in cost is competitive with Hyperliquid at 0.0336% once you account for even a few basis points of market impact on the order book side.
For positions below $50K: Hyperliquid's 0.0336% taker wins on headline cost. The slippage advantage of GMX is negligible at small sizes.
For swing traders and high-conviction directional positions: GMX's zero-slippage fills and the PRO discount compound meaningfully. For scalpers turning over dozens of small positions per day: Hyperliquid's lower rate is the better fit.
How to apply this referral code
Terms & Conditions Apply
The 10% fee discount applies to position open and close fees on GMX V2 markets across Arbitrum and Avalanche. The discount is applied in real-time on V2. Referral code PRO is case-sensitive and must be set separately on each network. No minimum trade size.
How to Claim
- 1
Click the Claim Bonus button to open GMX with the referral discount pre-applied via the link.
- 2
Connect your wallet and create an account if you do not have one. The fee discount is tied to the referral link.
- 3
Deposit funds and start trading. The fee discount applies automatically to every trade.
- 4
Confirm the discount is active in your profile or fee summary page within the platform dashboard.
About GMX
Zero slippage on large orders — GMX executes at the oracle price regardless of size. Battle-tested since 2021 on Arbitrum and Avalanche, GM isolated pools, 30 markets, 100x leverage. One of DeFi's most copied architectures.
Max Leverage
100x
Maker Fee
0.040%
Taker Fee
0.060%
Trading Pairs
30+
Frequently Asked Questions
What is the best GMX referral code in 2026?▾
The referral code PRO gives a 10% discount on all position open and close fees on GMX V2. This is the maximum discount available through Tier 2 referral codes. The code is case-sensitive and must be entered in uppercase.
Do I need to enter the GMX referral code on both Arbitrum and Avalanche?▾
Yes. GMX referral codes are network-specific. If you trade on both Arbitrum and Avalanche, visit the Referrals page on each network and enter the code PRO separately. Once set, the discount persists permanently on that network.
Is the GMX referral discount applied automatically?▾
Yes. On GMX V2, the 10% discount reduces your fee in real-time when you open or close a position. You will see the reduced fee amount on the order confirmation screen before confirming the trade.
Does the GMX referral code expire?▾
No, the code itself does not expire. However, the discount percentage depends on the affiliate tier. The PRO code is Tier 2 (10% discount). If the code drops to Tier 1 due to reduced affiliate activity, the discount would fall to 5%.
Does the referral discount apply to GMX borrow fees?▾
No. The 10% discount applies only to position open and close fees. Borrow fees, which accrue hourly while a position is open, are not affected by the referral code.
How does GMX compare to Hyperliquid on fees?▾
GMX V2 charges 0.04-0.06% per open/close (0.036-0.054% with the referral). Hyperliquid charges 0.035% taker fee. Hyperliquid is cheaper on paper, but GMX executes against a liquidity pool at oracle prices with no slippage, which can make GMX cheaper in practice for large orders.
Is GMX safe to use?▾
GMX has been running since 2021 and has processed billions in trading volume. The smart contracts have been audited multiple times by firms including ABDK and Sherlock. GMX is non-custodial, so you retain control of your funds. The main risk is smart contract vulnerabilities, which apply to all DeFi protocols.
What is the minimum trade size on GMX?▾
GMX does not enforce a hard minimum trade size, but you need enough collateral to meet the minimum margin requirements. For most markets this means at least $10-$20 in collateral depending on the leverage used.
Can I use multiple referral codes on GMX?▾
No. GMX allows one active referral code per wallet per network. Once PRO is set on Arbitrum, it stays permanently for that wallet on Arbitrum. You set it separately on Avalanche. You cannot stack or switch codes on the same network.
What chains does GMX support?▾
GMX V2 is live on Arbitrum and Avalanche. The referral code PRO must be entered separately on each network. Most of the liquidity and trading volume is on Arbitrum. Both chains support the full range of trading pairs and the same fee discount.
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How this deal compares
| Platform | Code | Discount | Volume cap | Base fee |
|---|---|---|---|---|
| Hyperliquid | AWD | 4% | $25M | 0.035% |
| GMX V2 | PRO | 10% | None | 0.04-0.06% |
| dYdX v4 | perpfinder | Tier 3 | None | 0.05% |
| ApeX Omni | save20 | 20% | None | 0.05% |
| Ostium | PN6PY | 10% pts | None | 0.05% |
| GRVT | 123 | Early access | None | 0.06% |
| StandX | perpfinder | Points | None | 0.05% |
| NADO | HNWmuDG | Points | None | 0.05% |
| DreamCash | 0XW44C | Fee share | None | 0.05% |
| Pacifica | 5 | 5% pts | None | 0.05% |
| Antartic | perpfinder | 10% pts | None | 0.05% |
| GMTrade | perpfinder | 10% | None | 0.05% |
| Avantis | rebate | 15% | None | 0.04% |
| MYX | JPVFBEU | 20% | None | 0.05% |
| Crypto.com | AWD | $50 | New users | 0.05% |
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