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GMX

DEXArbitrum
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You get 5% off feesTrade on GMX
Volume 24h$68.5M↘ 1.75%24h
Open interest$48.5M↘ 5.10%24h
Markets124
Max leverage100x
Taker / maker0.060%/0.040%
BTC funding /8hL +0.0191% / S −0.0170%
BTC paid 30d+1.294%

Protocol vaults

4 pools run by the exchangeall vaults
ETH, USDCGLV ETH-USDC
TVL$14.6M
APR+16.3%
7d+0.17%
30d−5.78%
Drawdown 30d8.73%
Share price 30d
WBTC, USDCGLV WBTC-USDC
TVL$12.4M
APR+7.1%
7d−2.04%
30d−4.04%
Drawdown 30d5.03%
Share price 30d
AVAX, USDCGLV AVAX-USDC
TVL$584K
APR+5.7%
7d−1.69%
30d−12.77%
Drawdown 30d14.66%
Share price 30d
USDMGLV USDM
TVL$212K
APR+0.1%
7d+0.09%
30d+0.14%
Drawdown 30d0.77%
Share price 30d

Best price arb

Open pair →
BTC+0.168%gap7d avg +0.115%Net 7d —
LONGGMX75,676.7
SHORTHyperliquid75,804

Price arb here

all
BTClong here, Hyperliquid+0.168%—
ETHlong here, Hyperliquid+0.110%—
SOLlong here, Hyperliquid+0.093%—
SUIlong here, Hyperliquid+0.110%—
LINKlong here, Hyperliquid+0.110%—

Best funding arb

Open pair →
BTC+0.0070%/8hNet 7d —
LONGHyperliquid+0.0100%1h52m 24s
SHORTGMX−0.0170%1h52m 24s

Funding arb here

all
BTCshort here, Hyperliquid+0.0070%—
ETHshort here, Hyperliquid+0.0234%—
SOLshort here, Hyperliquid+0.0217%—
SUIshort here, Hyperliquid+0.0249%—
LINKshort here, Hyperliquid+0.0046%—

Markets

102 markets
AssetPriceFunding /8hEveryOIVol 24hMax lev
BTC BTC/USD [WBTC.b-USDC]75,676.7L +0.0191% / S −0.0170%1h$17.6M$11.8M100x
ETH ETH/USD [ETH-USDC]2,243.2L +0.0225% / S −0.0204%1h$12.1M$25.3M100x
NATGASRWA NATGAS/USD [ETH-USDC]2.9995L +0.3191% / S −0.4045%1h$1.7M$560K40x
SOL SOL/USD [SOL-USDC]89.919L +0.0129% / S −0.0121%1h$1.4M$1.8M100x
LINK LINK/USD [LINK-USDC]10.697L +0.0192% / S −0.0146%1h$1.0M$1.6M100x
SUI SUI/USD [ETH-USDC]0.8523L +0.0486% / S −0.0191%1h$944K$1.5M50x
XAURWA GOLD/USD [ETH-USDC]4,091.9L +0.0393% / S −0.0113%1h$849K$163K100x
XRP XRP/USD [ETH-USDC]1.2452L +0.0336% / S −0.0214%1h$702K$332K100x
Show all 102 markets

Before you deposit

  • LiquidityMedium
    $48.5M open interest
  • Real volumeNormal
    volume is 1.4x open interest a day
  • Book depthNo data
  • KYCNone
    on-chain, you keep custody

Key facts

Type
DEX
Chain
Arbitrum
Rank by volume
#29 of 49
Funding paid
every 1h
Token
$GMX
Airdrop
Not active calendar
Tracked since
2026-09-18
Compare
Binance · OKX · Gate · Bybit · MEXC
Links
app · site · docs · X

About GMX

GMX is a decentralized perpetual futures exchange on Arbitrum. It lists 124 active markets, traded $68.5M in the last 24 hours and holds $48.5M in open interest, #29 among the perp DEXs we track.

Funding settles every 1h. BTC longs pay +0.0191% /8h right now and paid 1.294% over the last 30 days.

GLV ETH-USDC on GMX earns from the other side of every trade, with $14.6M TVL, a 30-day return of -5.78% and no lock. Compare perp DEX vaults.

GLV WBTC-USDC on GMX earns from the other side of every trade, with $12.4M TVL, a 30-day return of -4.04% and no lock. Compare perp DEX vaults.

GLV AVAX-USDC on GMX earns from the other side of every trade, with $584K TVL, a 30-day return of -12.77% and no lock. Compare perp DEX vaults.

GLV USDM on GMX earns from the other side of every trade, with $212K TVL, a 30-day return of +0.14% and no lock. Compare perp DEX vaults.

News from GMX

all
10-15 13:32Listingnew market HYPE/USD [USDG-USDG] ($HYPE) seen by our collector
10-15 13:31Listingnew market ZEC/USD [USDG-USDG] ($ZEC) seen by our collector
10-15 13:31Listingnew market XRP/USD [USDG-USDG] ($XRP) seen by our collector
10-15 13:30Listingnew market NEAR/USD [USDG-USDG] ($NEAR) seen by our collector
10-08 13:58TokenWeekly Buyback GMX DAO has re-acquired 9175 gmx:native for ~$75,000 at an average of ~$8.17, between September 30–October 6, 2026. 🫐 Program Total (Mar 5 – Oct 6): 498,831 GMX tokens have been reacquired for ~$3,240,000 — representing a blended average of ~$6.5 per token 🔵 @GMX_IO on X ↗
10-06 13:12ListingStart earning as a liquidity provider today: In the app, the new Dollar Vault is listed as GLV [USDG-USDG], with the launch boost highlighted. Docs: Rates shown are targets, and apply to the current program period only. 10/10 @GMX_IO on X ↗
10-06 13:12ProductThe GMX Dollar Vault is now live. Deposit dollars. Earn dollars. Withdraw whenever you want. Offering an estimated 7% to 12% base APR, plus an 8% or higher launch boost for the first 8 weeks. Start LPing today: 1/ @GMX_IO on X ↗
10-06 13:04ProductUSDG arrives on Arbitrum with somewhere to go: The GMX Dollar Vault is live on GMX today. One USDG deposit into GLV [USDG-USDG] earns trading fees from BTC, ETH, and SOL, plus an 8%+ launch boost for the first 8 weeks. Deposit dollars. Earn dollars. @GMX_IO on X ↗

Volume & open interest

daily, last 90 daysOpen in charts →
Volumesince Sep 30
$84.4M↗ 127.8%
Open interest
$52.4M↗ 7.6%90D
Table, every 3rd day
DayVolumeOpen interestShare of DEX volume
Nov 4, 2026$84.4M$52.4M0.2%
Nov 1, 2026$30.3M$51.4M0.3%
Oct 29, 2026$98.3M$46.6M0.3%
Oct 26, 2026$69.9M$53.6M0.3%
Oct 23, 2026$66.1M$55.2M0.3%
Oct 20, 2026$51.1M$54.7M0.2%
Oct 17, 2026$25.9M$55.9M0.3%
Oct 14, 2026$49.3M$56.4M0.2%
Oct 11, 2026$33.2M$60.3M0.3%
Oct 8, 2026$72.1M$53.9M0.2%
Oct 5, 2026$30.3M$53.1M0.1%
Oct 2, 2026$37.0M$51.2M0.1%
Sep 29, 2026—$50.5M—
Sep 26, 2026—$51.4M—
Sep 23, 2026—$49.9M—
Sep 20, 2026—$47.0M—
Sep 17, 2026—$43.2M—
Sep 14, 2026—$43.5M—
Sep 11, 2026—$44.6M—
Sep 8, 2026—$57.0M—
Sep 5, 2026—$60.5M—
Sep 2, 2026—$63.7M—
Aug 30, 2026—$68.2M—
Aug 27, 2026—$69.9M—
Aug 24, 2026—$68.9M—
Aug 21, 2026—$70.5M—
Aug 18, 2026—$53.8M—
Aug 15, 2026—$66.9M—
Aug 12, 2026—$52.1M—
Aug 9, 2026—$47.9M—

Share of DEX volume

daily, since Sep 30
0.2%↗ 0.1 pp

Volume by asset class

daily, since Sep 30
Table, every 3rd day
DayCryptoCommoditiesOther RWATotal
Nov 4, 2026$77.4M$3.3M$66K$80.7M
Nov 1, 2026$26.9M$596K$4K$27.5M
Oct 29, 2026$89.3M$4.1M$27K$93.4M
Oct 26, 2026$85.7M$2.3M$19K$88.0M
Oct 23, 2026$61.3M$4.5M$199K$66.0M
Oct 20, 2026$39.8M$10.8M$72K$50.7M
Oct 17, 2026$24.1M$848K$16K$25.0M
Oct 14, 2026$36.8M$10.3M$223K$47.3M
Oct 11, 2026$30.9M$787K$2K$31.7M
Oct 8, 2026$68.3M$4.4M$153K$72.8M
Oct 5, 2026$28.4M$2.2M$152K$30.8M
Oct 2, 2026$36.8M$340K$53K$37.2M