GMX is a popular exchange bringing permissionless Perps to all decentralized blockchains. Trade Crypto and RWA with up to 100x, deep liquidity, and low fees.
GMX now offers 24/7 perp markets for WTI Crude Oil, Brent Crude, and Natural Gas — three of the most actively traded commodity instruments in the world, now accessible without a broker, margin account, or weekend blackout.
All three markets are live on Arbitrum, with seamless access for users on Base, Ethereum, and @BNB Chain . Fees start at just 1–2 bps during market hours.
This follows last week's launch of Gold and Silver perps — GMX's first real-world asset markets — and continues the protocol's expansion into globally traded instruments beyond crypto.
GOLD/USD and SILVER/USD: Trading Fees Reduced to Just 1/2 bps During Market Hours!
When contributing to OI balance, the total cost for opening and closing a position is now only 2 basis points during on-hours. When adding to the skew, it is 4 bps.
Standard rates (4 bps underweight / 6 bps overweight) apply during off-hours. Maximum leverage is 100x during on-hours and 25x during off-hours.
GOLD/USD and SILVER/USD are listed under the RWA category on GMX, also searchable by ticker (XAU, XAG). The markets are deployed on Arbitrum and accessible cross-chain via your $GMX Account from Ethereum, Base, and @BNB Chain
🔹 Passkey login: Face ID, Touch ID, Windows Hello. No email, no seed phrase. 🔹 Fund your wallet with a card, Apple Pay, or Google Pay 🔹 Share your PnL, win rate & curve with a performance card
And plenty more.
View the new Announcements page in the Dapp to learn more.
If you consistently trade to balance the book — taking the underweight side of our markets and earning the positive price impact and funding that comes with it — this one's for you:
We're rewarding the trading desks that keep GMX's markets balanced with a higher direct reward than the standard referral program, paid straight to your wallet. ⬇️
The GMX Masters competition has concluded, awarding $16,500 across the Auto Trading, Alpha Pool, pop-up volume, and subscriber tracks.
Congratulations to all the winners! And a heartfelt thanks to everyone who traded and tested AI-driven strategies on GMX's 100+ markets over the past weeks.
1.) Referral reward step-down. Affiliate rewards on a given trader reduce to 0% after either 12 months or $20,000 in paid affiliate rewards on Arbitrum.
When this threshold is reached, the referral code set by the trader is automatically replaced by a protocol-assigned discount code that preserves their existing fee discount. The trader's discount is therefore unaffected. This mechanism applies per trader, and takes effect retroactively.
2.) Organic VIP Tiers. Traders reaching $50M in lifetime volume on Arbitrum now receive an automatic 5% fee discount. At $250M, that becomes 10%. No referral code application is needed; the protocol assigns it automatically.
3.) Tier 4 Referral Codes. A new tier for institutional participants, large-volume affiliates, and major GMX integrators on Arbitrum.
Note: Trader discounts across all existing tiers remain in place. The update applies only to Arbitrum; the referral program on other chains is not affected.
Read the full details on the gov.gmx.io governance forum.