GMXUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-10-03 21:16:58 UTC

GMXUSDT is a USDT-margined perpetual on Binance, marked at 8.173 USDT inside a 24-hour band of 7.801–8.259 (4.27%). Open interest is 262,868.28 GMX, about 2.15M USDT in live exposure, against 1.30M USDT traded in 24 hours. Funding settles every 8 hours at 0.0091%, 0.0007463 USDT per GMX held.

Mark price	8.173 USDT
24h range	7.801 – 8.259 USDT
24h change	4.27%
24h volume	1.30M USDT
Open interest	262,868.28 GMX
Open interest value	2.15M USDT
Funding rate	0.0091% / 8h
Minimum order	5 USDT ≈ 0.611734 GMX
Quantity step	0.01 GMX ≈ 0.08173 USDT
Price tick	0.001000 USDT (0.01223% of mark)

At 0.0091% the long pays the short: a 10,000 USDT position moves 0.9131 USDT every 8 hours, 2.739 USDT a day, 10.00% a year.
Daily turnover runs 0.60× the 2.15M USDT sitting in open positions.
Bybit caps this contract at 20×, so initial margin starts near 5.00% of notional — 0.4087 USDT per GMX.
Binance caps each settlement at ±2.00% — at most 0.1635 USDT per GMX, 2,190% annualised.
Hyperliquid shows 126,721.40 GMX of open interest here, 0.48× Binance's 262,868.28 GMX.

Annualised funding, each venue on its own 8/8/8/1-hour cycle: Binance 10.00% · Bybit 10.95% · OKX 10.95% · Hyperliquid 10.95%. The gap is 0.95 points — Binance is the cheapest venue to hold a long here, Bybit the dearest.

FAQ

GMXUSDT questions

Binance requires 5 USDT of notional, which at 8.173 USDT is 0.611734 GMX; size then moves in steps of 0.01 GMX.

Every 8 hours. The current rate is 0.0091% — 0.0007463 USDT per GMX per settlement, 10.00% a year if it holds.

Open interest is 262,868.28 GMX (2.15M USDT) with 1.30M USDT changing hands over 24 hours.

Bybit allows up to 20×, putting initial margin around 5.00% of position value — 0.4087 USDT per GMX at the current mark.

Run your own rules on GMXUSDT