Skip to content
How-to guides
Insights

How to Use GMX

Trade perpetual futures on GMX with up to 50x leverage. Earn fees as a GLP holder.

TradingIntermediateEstimated reading time15-20 minutes6 stepsPrerequisites: ETH on Arbitrum, Understanding of leverage
On this page

Quick Overview

1Bridge to Arbitrum
2Connect to GMX
3Trading: Open Position
4Trading: Set Stop Loss
5Earning: Buy GLP
6Stake esGMX

GMX is a decentralized perpetual exchange on Arbitrum and Avalanche. Trade with up to 50x leverage or earn real yield by providing liquidity via GLP.

Why Use GMX?

For Traders:
  • Up to 50x leverage
  • Zero price impact trades
  • Deep liquidity
For LPs (GLP):
  • Real yield from trading fees
  • 15-25% APY typical
  • No impermanent loss

GMX vs Centralized Exchanges

FeatureGMXCEX
. . . . -. . -. . -
KYCNoneRequired
CustodySelfExchange
Leverage50x100-125x
Fees0.1% open/close0.02-0.06%

. -

Track your GMX positions with Fensory. Monitor trades and GLP yields. Start Tracking →

Step-by-Step Instructions

1

Bridge to Arbitrum

Use bridge.arbitrum.io or Across to move funds to Arbitrum.

Tips

  • ✓GMX fees are much lower on Arbitrum
2

Connect to GMX

Go to app.gmx.io and connect your wallet.

Warnings

  • ⚠Only use app.gmx.io
3

Trading: Open Position

Select Long or Short, choose asset, set size and leverage.

Warnings

  • ⚠Start with low leverage (2-5x)
4

Trading: Set Stop Loss

Always set a stop loss to limit downside.

Tips

  • ✓Use the order modal to set SL/TP
5

Earning: Buy GLP

Click Earn tab and buy GLP to earn trading fees.

Tips

  • ✓GLP earns ~15-25% APY from fees
6

Stake esGMX

Stake any esGMX rewards for compounding or vest to GMX.

Tips

  • ✓Vesting takes 1 year

Frequently Asked Questions

Related Resources

Protocols

Take the next step. Browse live yield data.

Track live yields, compare protocols, and build your DeFi portfolio with Fensory.

Open the appArrow right