GMX Review: Fees, Token & Referral Link
GMX is an on-chain perps and swap DEX with no airdrop or points programme announced. The Getref link stores GMX referral code RESEARCHED in your browser and writes it to the contract on your first order. The fee discount is 5% or 10% depending on the referrer's tier.
Referral code
RESEARCHED
GMX airdrop: where it stands
As of 3 November 2026: GMX has announced no airdrop or points programme. The GMX token exists, but it is not part of a points campaign.
How to join with code RESEARCHED
Open GMX through the Getref link, then sign up on its own site.
- 1
Open GMX through the link
Click the button: GMX opens with the Getref referral attached.
- 2
Sign up or connect your wallet
Do it on the page that opens. How the referral is bound is described under “Good to know”.
- 3
Use GMX
Anything GMX gives invited users is applied by GMX itself. Getref never holds your funds or keys.
Good to know
Signed up without the link?
The code is written to the contract on your first order with a registered code. The docs don't say whether you can switch it later.
What do invited users get?
The fee discount applies automatically once your first order binds the code.
Availability by country
No official restricted-country list is published in the docs. Check the GMX terms for your location.
About GMX
GMX is a decentralised perpetuals and swap exchange with self-custody trading across 100+ markets, including crypto, gold, silver, energy and US equities, with up to 100x leverage. Its site lists Arbitrum, Avalanche, MegaETH and Solana, with deposits from Ethereum, Base and BNB Chain through a GMX Account. Liquidity providers supply GM and GLV pools and earn trading, swap and borrow fees. Position fees are 0.04% or 0.06% of size depending on open interest balance, and borrow and funding fees come on top. GMX has its own GMX token, but no airdrop or points programme is announced. The docs name no operator.
Who it suits
Suits traders who want self-custody perps on many markets and accept position fees that depend on open-interest balance, plus borrow and funding costs. The referral discount applies only to opening and closing fees. Leverage up to 100x raises liquidation risk, and there is no points or airdrop angle to count on.
Pros
- Self-custody perps on 100+ markets
- Transparent on-chain fee model
- Several chains, plus a GMX Account for deposits from Ethereum, Base and BNB Chain
- LPs can earn fees through GM and GLV pools
Cons
- No airdrop or points programme
- Referral tier for this code isn't published
- Borrow and funding fees on top of the position fee
- Up to 100x leverage carries liquidation risk
Guides and articles
How fees, rebates and referral codes work — explained step by step.
Go to the blog