GMX

GMX is a decentralized perpetual and spot exchange that launched on Arbitrum in 2021 and later expanded to Avalanche. It uses oracle-based pricing and a shared liquidity pool model (GLP in V1, GM pools in V2) rather than a traditional order book.

GMX fees

GMX charges about 4 bps maker and 6 bps taker (a basis point is 0.01%). As with any perp venue, the funding rate often matters more than the headline fee: it is a recurring payment between longs and shorts that can quietly run for or against your position. See how this stacks up on the lowest-fee perp DEX ranking.

GMX leverage & markets

GMX offers up to 100x leverage across crypto markets on Arbitrum. Higher leverage magnifies both gains and liquidation risk, so size positions carefully. For the most aggressive limits, see the highest-leverage perp DEX ranking.

Is GMX safe and is there KYC?

GMX is non-custodial: your funds stay in your own wallet and you sign each trade, so there is no company holding your balance and typically no KYC. The trade-off is smart-contract and liquidation risk, so prefer venues with a solid track record and verify contracts yourself.

Who is behind GMX?

GMX was built by An anonymous team; the lead developer is known by the pseudonym X (xdev_10).

Backers: No institutional round; the team is anonymous and self-funded.

GMX milestones

• 2021GMX launches on Arbitrum
• 2022GMX expands to Avalanche
• 2023GMX V2 launches with GM pools

GMX FAQ

What is GMX?

GMX is an established Arbitrum perp DEX with a pool-based, oracle-priced model. It runs on Arbitrum using a pool model, offering up to 100x leverage on crypto markets.

What are GMX's fees?

GMX charges roughly 4 bps maker and 6 bps taker (1 bp = 0.01%). Funding is paid periodically between longs and shorts.

Does GMX require KYC?

No. GMX is a decentralized exchange: you connect a self-custody wallet and trade permissionlessly, with no signup or KYC on the protocol.

Does GMX have a token?

Yes, GMX's token is $GMX.