Trade perpetual futures on GMX. Learn to open leveraged long and short positions with up to 50x leverage.
TradingIntermediate25-35 minutes7 stepsPrerequisites: ETH or USDC on Arbitrum, Understanding of leverage risk, Risk management plan
On this page
Quick Overview
1Bridge to Arbitrum
2Go to GMX
3Choose Market
4Set Position Size
5Open Position
6Manage Position
7Close Position
GMX is a decentralized perpetual futures exchange on Arbitrum and Avalanche. Trade BTC, ETH, and other assets with up to 50x leverage directly from your wallet.
What are Perpetuals?
Perpetual futures (perps) are derivatives that let you trade with leverage. Unlike traditional futures, they have no expiry date.
Key Concepts:
Long: Profit when price goes up
Short: Profit when price goes down
Leverage: Multiply exposure (and risk)
Liquidation: Position closed if losses exceed margin
GMX Features
Feature
Description
. . . . -
. . . . . . -
Leverage
Up to 50x
Assets
BTC, ETH, AVAX, etc.
Fees
0.1% open/close
Funding
Dynamic rates
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Track your perp positions with Fensory. Monitor P&L and liquidation risk.
Start Tracking →
Step-by-Step Instructions
1
Bridge to Arbitrum
GMX is on Arbitrum and Avalanche. Bridge assets using Across or official bridge.
Tips
✓Arbitrum has more GMX liquidity
✓Need ETH for gas, USDC/ETH for trading
2
Go to GMX
Visit app.gmx.io and connect your wallet. Select Arbitrum network.
Warnings
⚠Only use app.gmx.io
⚠Verify URL carefully
3
Choose Market
Select the asset to trade (BTC, ETH, etc.) in the Trade panel.
Tips
✓Start with major assets
✓Check available liquidity
4
Set Position Size
Enter collateral amount and select leverage. Review liquidation price.
Tips
✓Keep liquidation price far from current price
Warnings
⚠Higher leverage = higher liquidation risk
⚠Start with 2-5x max
5
Open Position
Click Long or Short. Review details and confirm transaction.
Tips
✓Market orders fill instantly
✓Limit orders wait for price
6
Manage Position
Monitor position in the Positions panel. Add collateral or close as needed.
Tips
✓Set stop-loss for risk management
✓Close before liquidation
7
Close Position
Click Close on your position. Profits/losses settle in your chosen asset.