Before you trade
Perpetual futures use leverage — losses exceed your deposit if liquidated. GMX uses GLP as counterparty liquidity. Start with low leverage on major pairs.
Never trade with funds you cannot afford to lose. Liquidations are automatic.
Step-by-step
- 01
Connect and fund
Connect MetaMask or Rabby at app.gmx.io on Arbitrum. Bridge USDC via the official bridge if needed.
- 02
Open a position
Select Trade → choose market → Long or Short → set collateral, leverage, and size. Review entry price and liquidation price.
- 03
Manage and close
Monitor PnL and funding fees. Close via Market or Limit order. Withdraw collateral from the account dashboard.
Frequently asked questions
What is GLP?
GLP is GMX's liquidity pool token — GLP holders earn trading fees but bear trader PnL risk.
GMX vs Hyperliquid?
Hyperliquid is a custom L1 with higher volume; GMX runs on Arbitrum/Avalanche with GLP pool model.