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Derivatives

GMX V1 Perps

Trade leveraged or perpetual contracts on-chain.

Visit official site ↗ @GMX_IO
Total value held · all chains
$3.38 Million
▲ +0.91% this week

96% on Arbitrum · also on 1 other chains

Chains

2

Live yield options

0

Best reward rate

—

Custody

You hold the keys

Where it runs

Available on 2 chains

  1. 01
    Arbitrum Arbitrum

    $45.9Million

    value held

    →
  2. 02
    Avalanche Avalanche

    $2.05Million

    value held

    →

Earn here · live yield options

Yields available on GMX V1 Perps

GMX V1 Perps doesn't currently expose live yield options we track. Visit the official site to see what they offer right now.

How it works

Using GMX V1 Perps in three steps

  1. 1

    Pick the trade

    Choose an asset and a direction — long if you think it goes up, short if you think it goes down.

  2. 2

    Open with margin

    Post a small amount as margin to control a larger position. Leverage amplifies both gains and losses.

  3. 3

    Close when ready

    Settle the trade in cash. If the asset moved your way, you profit; if it didn't, you cover the loss with your margin.

Read up

About GMX V1 Perps

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing.

Description provided by the protocol team. Always verify directly before depositing funds.

Same family

Other Gmx products

These products share the brand but each is distinct code with its own deposits, audits, and risks. Pick the one that matches what you want to do.

GM

Gmx V2 Perps

$217Million · DEX & liquidity

→

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Frequently asked

What people ask about GMX V1 Perps

What is GMX V1 Perps?

+

GMX V1 Perps is an on-chain app. Trade leveraged or perpetual contracts on-chain.

Is using GMX V1 Perps safe?

+

GMX V1 Perps has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.

How much can I earn?

+

Right now yields on GMX V1 Perps run varies by option per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

+

GMX V1 Perps runs on 2 chains, including Arbitrum, Avalanche. Each chain has its own fees and speeds — pick the one you already use.

Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.

See also

Terms used on this page

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