GMX referral program explained

A GMX referral link uses the format https://app.gmx.io/#/trade/?ref=your-code. Opening the link stores the code in the browser. GMX writes a registered and valid code to the referral contract when the trader creates the first eligible order.

The trader does not need a separate code-registration transaction. Registering a new code is an affiliate action. Once a trader has an on-chain code, normal order creation does not silently overwrite it.

Tier 1 gives the trader a 5% discount and the affiliate a 5% reward. Tier 2 gives 10% to the trader and 10% to the affiliate. Tier 3 keeps the trader discount at 10% while raising the affiliate reward to 15%.

The trader percentage is applied to eligible opening and closing position fees. Borrowing and funding are excluded. Tier 3 does not provide a larger trader discount than Tier 2.

An affiliate registers a case-sensitive code from the Affiliates tab. Codes can contain letters, digits and underscores and can be up to 20 characters. Arbitrum is the leader chain for new code validation, with valid registrations propagated to follower chains.

Anyone can register a Tier 1 code. Affiliates who meet the published weekly active-user and volume thresholds can request a Tier 2 or Tier 3 upgrade through the current GMX partner process. Meeting a number does not make this independent site able to approve an upgrade.

GMX can assign protocol-owned codes that preserve a trader discount without paying an affiliate. Organic thresholds currently assign a 5% code after $50 million in total volume and a 10% code after $250 million.

A trader can also graduate from an affiliate code after at least 12 months of attribution or after generating at least $20,000 in affiliate rewards. Graduation preserves the applicable 5% or 10% trader discount, while new rewards to the previous affiliate stop.

This means referral attribution is not necessarily permanent for the affiliate even when the trader continues to receive a discount.

V2 rewards accrue per market in the collateral token used by that market. Affiliates can claim through the Referrals page and may choose to consolidate eligible rewards through the external swap route shown in the claim interface.

Trader discounts are deducted automatically from the eligible position fee at execution. A site should not describe the discount as a cash bonus, deposit reward or reduction of every cost on GMX.

Referral-code ownership can be transferred through the ReferralStorage contract. GMX documentation states that transfer is permanent. A transfer should be verified on-chain before an affiliate changes public links.

A referral code itself does not grant wallet permissions. A malicious surrounding website can still present a phishing link or unrelated approval. Traders should confirm app.gmx.io and read the complete wallet prompt.

Code PRO was checked on Arbitrum on July 26, 2026 and mapped to Tier 2. Under the current table, that means a 10% trader discount on eligible opening and closing position fees.

Code status, eligibility and program terms can change. The site therefore shows a dated verification and directs traders to confirm the active referral in GMX before relying on it.