GMX
GMX Rank #326Price chart
What is GMX?
Trading system
GMX emerged from the Gambit migration to Arbitrum in September 2021. Traders open collateralized perpetual positions and exchange supported assets through the protocol. GM pools contain the assets backing individual markets. Positions use an index-price feed to calculate entry, exit and profit or loss. Each market has its own open-interest and liquidity parameters.
Pool structure
A GM pool can hold separate long and short backing tokens or use a single asset for both sides. GM tokens represent a position in that pool. Pool value reflects its assets, accrued fees and traders' outstanding profit or loss. GLV vaults distribute liquidity across several approved GM markets. Liquidity can be shifted between those markets according to utilization and risk settings.
Token and staking rules
GMX is used for governance and staking rather than representing a particular trading pool. A designated portion of protocol fees funds GMX buybacks. Bought-back tokens can accumulate in the treasury under the DAO's distribution rules. Staking power accounts for both the amount staked and time spent staking. Escrowed GMX can become transferable GMX through vesting. The documented vesting process runs over 365 days and requires a corresponding reserve of qualifying staked assets.
Where to trade GMX
49 exchanges · top 10
Live spot quotes from connected exchanges
GMX funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.