GMX arbitrage between HyperLiquid and OKX: we compare the price of GMX on HyperLiquid (futures) and OKX (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About GMX

GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet. The DEX is live on Arbitrum, Avalanche, and Solana, and in the process of enabling multichain access from all popular EVM blockchains. Trading on GMX is facilitated by isolated GM pools and capital-efficient GLV vaults, enabling anyone to provide liquidity and earn fees.

Decentralized Finance (DeFi), Derivatives, Perpetuals, Avalanche Ecosystem

GMX: OKX — deposit open, withdrawal open.

Open interest in GMX right now — $5.0M: Binance $1.5M, BingX $1.5M, Bybit $701.5K, HyperLiquid $543.3K, Bitget $294.9K. See OI GMX.

News about GMX

GMX updates app with smart wallet support and one-click trading

About GMX arbitrage

How do I read the GMX spread?

The spread is how many percent higher GMX trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get GMX alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.