GMX position fees and measured trading cost
GMX fees at a glance
- Position fee
- 0.040% or 0.060% of the position size
- $10,000 BTC buy, measured
- 7.78 bps on October 16, 2026, place 38 of 38
- Funding period
- Continuous
- BTC perpetual leverage, up to
- 100x
GMX has no order book, so one position fee replaces the maker and taker split. An order that opens on the smaller side of the market pays the lower rate.
How the GMX position fee works
An open and a close of $10,000 cost $8.00 at the low rate and $12.00 at the high rate. The trader does not select the rate. The effect of the order on the long and short balance sets it.
| Rate | Percent | bps | Fee on $10,000 |
|---|---|---|---|
| Position fee, low | 0.040% | 4 bps | $4.00 |
| Position fee, high | 0.060% | 6 bps | $6.00 |
GMX fees vs Binance and Hyperliquid
The widest measured gap is at $1,000,000 of BTC: GMX cost 3.71 bps more than Hyperliquid.
| Venue | Maker, first level | Taker, first level | $10,000 market order fee | $100,000 market order fee | Lowest taker rate by volume | $10,000 BTC buy, measured bps | $100,000 BTC buy, measured bps | Funding every, hours |
|---|---|---|---|---|---|---|---|---|
| GMX | — | 0.040%–0.060% | $6.00 | $60.00 | — | 7.78 | 7.85 | — |
| Binance | 0.020% | 0.050% | $5.00 | $50.00 | 0.017% from $25B | 5.01 | 5.01 | 8 |
| Hyperliquid | 0.015% | 0.045% | $4.50 | $45.00 | 0.024% from $7B | 4.56 | 4.56 | 1 |
Measured cost of a GMX market buy
The trading fee is 77% of the $10,000 BTC cost on GMX. Spread and price impact add the other 1.78 bps. A $1,000,000 BTC buy cost 8.50 bps on GMX, 0.72 bps more than the $10,000 buy. A $10,000 ETH buy cost 3.78 bps less than the BTC buy.
| BTC order size | Place | Fee, bps | Half of spread, bps | Impact, bps | All-in, bps | All-in, USD |
|---|---|---|---|---|---|---|
| $10,000 | 38 of 38 | 6.00 | 0.00 | 1.78 | 7.78 | $7.78 |
| $100,000 | 33 of 37 | 6.00 | 0.00 | 1.85 | 7.85 | $78.46 |
| $1,000,000 | 28 of 33 | 6.00 | 0.00 | 2.50 | 8.50 | $849.59 |
| ETH order size | Place | Fee, bps | Half of spread, bps | Impact, bps | All-in, bps | All-in, USD |
|---|---|---|---|---|---|---|
| $10,000 | 8 of 39 | 4.00 | 0.00 | 0.00 | 4.00 | $4.00 |
| $100,000 | 6 of 38 | 4.00 | 0.00 | 0.00 | 4.00 | $40.00 |
| $1,000,000 | 3 of 33 | 4.00 | 0.00 | 0.00 | 4.00 | $400.00 |
Worked example: a $10,000 round trip on GMX
Hypothetical: a $10,000 GMX position opens and closes at one price, so only the position fee applies. The measured BTC entry cost $7.78, and $1.78 of it was spread and impact. The exit pays its own spread and impact.
| Entry + exit | Entry fee | Exit fee | Total fee |
|---|---|---|---|
| At 0.040% | $4.00 | $4.00 | $8.00 |
| At 0.060% | $6.00 | $6.00 | $12.00 |
| Taker + taker, 10% referral discount | $5.40 | $5.40 | $10.80 |
GMX discounts and fee conditions
- GMX charges a position fee on open, close, increase and partial decrease. The rate is 0.04% when the action improves the long and short balance, and 0.06% when it makes the balance worse. docs.gmx.io, read September 23, 2026.
- Some TradFi markets use other rates in and out of market hours. Retail and API orders pay the same rate. docs.gmx.io, read September 23, 2026.
Our partner account sets a 10% trading-fee discount for GMX accounts opened with the PerpFinder link. GMX referral terms.
GMX funding interval and leverage cap
GMX has no single fixed funding interval. The fact record gives: continuous (per-second accrual; settles when a transaction touches the position). The GMX BTC perpetual allows leverage of up to 100x.
GMX fee questions
What fees does GMX charge?
GMX charges a position fee of 0.040% or 0.060% of the position size when a position opens and again when it closes.
GMX charges a position fee on open, close, increase and partial decrease. The rate is 0.04% when the action improves the long and short balance, and 0.06% when it makes the balance worse.
What is the fee on a $10,000 GMX order?
A $10,000 GMX position pays $4.00 or $6.00 to open, and the same again to close.
In the sweep of October 16, 2026, a $10,000 BTC buy on GMX cost $7.78 all-in. That is 7.78 bps, place 38 of 38.
The book added 1.78 bps on top of the fee.
Is GMX cheaper than Binance?
No, by measured cost: a $10,000 BTC buy cost 7.78 bps on GMX and 5.01 bps on Binance on October 16, 2026.
Is there a discount on GMX trading fees?
Yes. A GMX account opened with the PerpFinder link gets a 10% trading-fee discount. Our partner account sets this rate.
What is the GMX funding interval?
GMX has no single fixed funding interval. The fact record gives: continuous (per-second accrual; settles when a transaction touches the position).
More on GMX
Sources
- Base rates: docs.gmx.io, read September 23, 2026
- BTC leverage cap: docs.gmx.io
- Measured cost: PerpFinder cost methodology