GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet. The DEX is live on Arbitrum, Avalanche, and Solana, and in the process of enabling multichain access from all popular EVM blockchains. Trading on GMX is facilitated by isolated GM pools and capital-efficient GLV vaults, enabling anyone to provide liquidity and earn fees.
Order Book
Connecting…Price Chart: GMX
Largest Bid Walls
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Largest Ask Walls
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GMX Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, GMX funding has averaged 0.00172% per hour, an annualised rate of 15.1%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.01238%. Work out what this costs on your own position with the funding rate calculator.
GMX funding & market FAQ
What is the current GMX funding rate?
The current GMX funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00172%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on GMX right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does GMX open interest tell me?
GMX currently has $1,030,021 of open interest, ranking #227 of 535 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a GMX position?
At the current mark price of $8.8250, a 10x long would be liquidated around $7.9425 and a 10x short around $9.7075. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade GMX perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's GMX positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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