GMX is the perp DEX on Arbitrum that pioneered the GLP model (pool-backed perps). Still has loyal holders but competition from HL has eaten its volume share.
GMX is down about 1.8% in the last 24 hours. Quiet day. It's further down the volume book at 107th of 159, with $225K traded in the last 24 hours. Open interest sits at $412K. Longs are paying shorts, but the rate is small. This is a calm book.
Numbers update in real time when you're on this page. Data pulled directly from Hyperliquid.
GMX has been in a downtrend since Hyperliquid got big. Needs a product win.
You can trade GMX with up to 3x leverage on 10X. A $100 margin position at 3x controls about $300 of GMX exposure, which amplifies both gains and losses.
GMX funding is currently 0.0013% per 8 hours. Longs are paying shorts, but the rate is small. This is a calm book. Funding resets every 8 hours and is the main tool the market uses to push the perp price back toward spot.
It's further down the volume book at 107th of 152, with $225K traded in the last 24 hours. GMX has been in a downtrend since Hyperliquid got big. Needs a product win.
Yes. You can go long or short on GMX with up to 3x leverage. Shorts profit when the price drops, longs profit when it rises. Both sides pay or receive funding every 8 hours depending on which side is crowded.
Perp volume on GMX, GLP yield, V2 market adoption. It usually tracks broader crypto sentiment when there's no specific catalyst.
Page data last updated 2026-04-12. Live prices refresh on load.