GMX
Decentralized perpetuals on Arbitrum and Avalanche
4.2DEXesMin $0
GMX is a perpetual-futures DEX on Arbitrum and Avalanche. Trades against a multi-asset GLP pool (v1) or a curated set of price-quoting pools (v2). Up to 50× leverage, no funding-rate spirals, and a meaningful share of fees paid back to GMX stakers and GLP holders.
Pros
- Zero price-impact swaps against the pool (within capacity)
- Up to 50× leverage on BTC, ETH and majors
- Real-yield revenue share for GMX and GLP token holders
- Audited and battle-tested since 2021
Cons
- Limited asset universe vs. dYdX
- GLP holders take counterparty risk on traders
- No order books — close at market only
Fees
Swap fee: 0.20%–0.80% (dynamic). Open / close position: 0.10% of position size. Borrow fee charged per hour based on utilisation.
Regulation
GMX is open-source software deployed on Arbitrum and Avalanche. No central operator.
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