GMTrade Review — Live Volume, OI & Fees
Live GMTrade stats updated every minute: 24h volume and open interest. The position fee is 0.04% or 0.06%. It applies when a position opens and again when it closes. This venue does not use a maker/taker order-book fee schedule. Maximum leverage is 100x.
Verdict
6.5/10 · how we rankThe official referral program gives referees a 10% order-fee discount. Main trade-off: no published security audits represents a material smart contract risk.
Best for
Avoid if
Last editorial review 2026-08-11 · live protocol stats refresh every minute — rating is our editorial assessment, not an objective fact.
Rating
Trading Info
Position fee model
GMTrade does not use a standard maker/taker schedule. 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance PerpFinder excludes this venue from maker/taker rankings. Confirm the selected market and all variable costs before trading.
Advantages
- The official referral program gives referees a 10% order-fee discount
- Up to 100x leverage on major crypto markets
- Crypto and RWA markets use the same Solana interface
- The referral document does not state an end date for the order-fee discount
Considerations
- No published security audits represents a material smart contract risk
- The official documents checked on August 11, 2026 do not state a launch date that PerpFinder can verify
- The official documents do not name a third-party audit for the Solana deployment
GMTrade Review 2026
What GMTrade is
GMTrade was previously called GMX-Solana. It is a perp trading protocol on Solana. Its design comes from GMX V2. Separate Solana programs, pools, and user accounts run it.
The design uses one GM pool for each market. GLV pools can supply liquidity to several supported markets. The live list includes crypto and RWA markets. These markets include equities, forex, and commodities. The list can change.
Fees in detail
GMTrade does not use maker and taker fees for position changes. Its official fee document lists a 0.04% or 0.06% position fee. A trader pays the fee to open, increase, close, or decrease a position.
An action that improves the long and short balance costs 0.04%. An action that worsens the balance costs 0.06%. Code pro gives the referee a 10% order-fee discount. The effective position-fee range is therefore 0.036% to 0.054% for each charged action.
A $10,000 position that opens and closes at the same size has $8 to $12 in base position fees. The referral discount reduces this range to $7.20 to $10.80. Price impact can be positive or negative. It can change the execution cost. Funding and borrowing can also apply while a position is open.
RWA markets can have different execution conditions. Check the live confirmation before each order. Use our fee calculator to model the position fee at your position size.
Use the funding rates tracker to review current carry data. Neither tool replaces the fee and price-impact values in the GMTrade interface.
Security and audits
PerpFinder did not find a named third-party audit in the official GMTrade documents checked on August 11, 2026. The protocol shares roots with GMX. ABDK, Sherlock, and Guardian Audits reviewed GMX on Arbitrum and Avalanche. A Solana port needs a different audit method. Solana programs and EVM contracts use different systems. The GMX audits do not cover the Solana code.
The official documents checked on August 11, 2026 do not state a launch date that PerpFinder can verify. This review does not infer an operating period from an undated page.
Why GMTrade's EVM audits do not cover Solana
KuCoin and Phemex cover GMTrade's Solana rank. They do not explain the new name or GLV design. PerpFinder adds:
1. Live GMTrade 24h volume with 7-day delta on our perps page, sourced from DefiLlama 2. Position-fee comparison: 0.036% to 0.054% per charged action with the referral discount at our cost comparison tool 3. The audit gap against Solana rivals, including why the EVM audits do not cover the Solana code 4. Live funding rates for GMTrade's top crypto markets at our funding rates tracker
Volume and market position
PerpFinder tracks GMTrade through DefiLlama's GMTrade page. Our perpetuals page shows the latest available volume, open interest, and freshness status. We show a missing live value as unknown.
Trading experience
The app is at gmtrade.xyz. It supports Solana wallets such as Phantom and Backpack. Users connect a wallet to start. Execution time and available liquidity depend on the network, market, and pool state.
The GLV layer supplies liquidity across pools and markets. A position change can have positive or negative price impact. The interface shows this value before the trade. GMTrade uses Chainlink price feeds for its markets.
RWA markets use oracle reference prices. Price impact can change the entry or exit price. Funding and borrowing can also apply. Leverage goes up to 100x on major crypto pairs. RWA limits vary by asset type.
Who GMTrade is for
Solana traders can use one interface for crypto and RWA perp markets. Check the live market list and pool state before you choose a venue.
Cost-sensitive traders can use code pro for a 10% order-fee discount. They must still check the live 0.04% or 0.06% rate and price impact.
Traders who require a published audit: GMTrade does not yet qualify. dYdX and Hyperliquid publish audit records. GMX has three audits on its EVM deployment. Drift also published audits, but its legacy venue is offline and is not a live alternative.
GMTrade lets traders use Solana instead of the Arbitrum perp cluster.
Related Resources
PerpFinder Research
Editorial TeamEditorial team tracking 100+ perpetual futures venues with live on-chain and exchange data.
Independent Site: PerpFinder is not the venues covered on this page and is not affiliated with, endorsed by, or operated by the venues it covers. We do not connect wallets, process deposits, distribute tokens, or verify reward eligibility. Never share a password, seed phrase, or private key with anyone.
Affiliate Disclosure: This page contains affiliate links. We may earn a commission when you sign up through our links, at no extra cost to you. This does not influence our ratings or recommendations.
Risk Warning: Trading perpetual futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Only trade with funds you can afford to lose.
Key Features
Audits
Frequently Asked Questions
What is GMTrade's max leverage?▾
GMTrade supports leverage of up to 100x on major crypto markets. The limit can be lower when pool open interest is high. Check the limit in the order form for the selected market.
What are the trading fees on GMTrade?▾
GMTrade charges 0.04% or 0.06% when a trader opens, increases, closes, or decreases a position. The rate depends on whether the action improves the long and short balance. Code pro reduces this order fee by 10%. Price impact, funding, and borrowing are separate.
How many pairs can you trade on GMTrade?▾
GMTrade lists crypto and RWA perpetual markets. The catalogue can change. Check the live market selector for the current list.
Has GMTrade been audited?▾
PerpFinder did not find a named third-party audit in the official GMTrade documents checked on August 11, 2026. The missing audit evidence is a material risk factor.
How does the GMTrade 10% fee discount referral work?▾
Bind code pro to your address through the referral link. The official referral program then gives a 10% order-fee discount. Its current document does not state an end date.
How competitive are GMTrade's fees overall?▾
Code pro reduces the 0.04% to 0.06% position fee to 0.036% to 0.054% for each charged action. Compare the selected market and live price impact before you trade.
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Visit GMTrade — 10% off order feesTrading perpetual futures carries significant risk, including potential total loss of capital. Past performance is not indicative of future results.