GMX guides
Plain-English, honest guides to trading on GMX — how the fees work, whether it's safe, and how it stacks up against other perpetual DEXes.
GMX fees explained
Trading perpetual futures on a decentralized exchange like GMX carries a different fee structure than most traders expect coming from centralized platforms. There is no order book, no maker or taker distinction, and no account-funding step. What you pay instead is a set of clearly defined costs: a position fee when you open or close a trade, a borrow fee that accrues while you hold the position open, and a funding fee that flows between the long and short side based on market imbalance.
Read guideIs GMX safe?
GMX is a decentralized perpetual and spot exchange that has been operating on-chain since 2021, making it one of the longer-running venues in the DeFi derivatives space. It runs primarily on Arbitrum and Avalanche — two established public blockchains — and allows anyone to trade directly from their own crypto wallet without creating an account or passing identity checks.
Read guideGMX vs Hyperliquid
The decentralized perpetual trading space now offers real alternatives to centralized exchanges, and two names consistently come up: GMX and Hyperliquid. Both let you trade with leverage without giving up custody of your funds — but they take very different technical approaches to get there.
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