GMX Slashes Funding Costs by 65% Across Perpetual Markets
GMX Slashes Funding Costs by 65% Across Perpetual Markets
馃挵 GMX cuts costs 65%
Major Cost Reduction for Traders
GMX has successfully reduced funding costs by approximately 65% following a late-April mechanism update. This significant decrease affects 93 of 109 perpetual markets on the platform.
Key Benefits:
- Dramatically lower costs for holding positions
- Makes long-term position holding more practical
- Enables support for larger, more liquid markets
- Improved funding rate stability
What's Next
This represents only the first phase of improvements, with additional refinements already in development.
Funding costs on GMX have just dropped by ~65%. Since the late-April update to the mechanism, traders are paying dramatically less to hold positions, and this change held across 93 of 109 perp markets. 1/2 猬囷笍
Cheaper, more stable funding makes holding positions long-term practical, and enables GMX to support larger, more liquid markets. This is only round one. More refinements are already in the pipeline. See the new rates: app.gmx.io
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