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GMX

GMX

A pioneering oracle-priced perpetuals DEX on Arbitrum and Avalanche, with up to 100x leverage and no order book.

★4.4Based on 1 reviews
No KYCSelf-custody
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Overview

GMX is one of the longest-running non-custodial perpetuals exchanges, using oracle pricing against GLP/GM liquidity pools instead of a traditional order book. Traders can go long or short on 90+ assets with up to 100x leverage, with fees that vary depending on whether a trade reduces or increases pool imbalance. Liquidity providers earn a share of trading fees by depositing into the GM pools.

Pros & Cons

Pros

  • ✓ Deep, battle-tested liquidity across two chains
  • ✓ Up to 100x leverage on major pairs
  • ✓ No order book — minimal slippage on most sizes

Cons

  • ✗ Fees depend on pool imbalance, less predictable than flat maker/taker
  • ✗ Borrow fees accrue hourly on open positions

Fees & Leverage

Maker fee

0.040%

Taker fee

0.060%

Max leverage

100x

Supported Chains

ArbitrumAvalanche

Trading Pairs

ARB/USD30xAVAX/USD50xBNB/USD20xBTC/USD100xDOGE/USD20xETH/USD100xLINK/USD30xLTC/USD20xSOL/USD50xUNI/USD20x

User Reviews

Based on 1 reviews
★★★★☆4.4 out of 5

El clásico no custodial de Arbitrum

Años de trayectoria y liquidez profunda en GLP/GM. El modelo de comisiones por desbalance de pool es distinto a un order book tradicional, pero funciona bien para tamaños medianos.

Pros

  • +Liquidez muy profunda
  • +Slippage bajo en pares principales

Cons

  • −Comisiones de préstamo poco intuitivas para principiantes

Equipo Editorial Stackflow

Sep 2026

Frequently Asked Questions

Which chains does GMX support?

GMX runs on Arbitrum and Avalanche.

Does GMX require KYC?

No — GMX is fully non-custodial and requires only a wallet connection.