GMX traders pay 65% less funding after late-April changes flatten long-tail perp rates
gmxio.substack •
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Promote with Leviathan NewsGMX says funding-paying side median rates are down over 65% versus the pre-update baseline since late-April funding parameter changes, with 93 of 109 markets posting lower rates. The long-tail perp markets that used to run above 50% funding have basically disappeared, making positions cheaper to carry and giving GMX cleaner room to list larger, deeper markets. Team frames this as the first pass, with more funding-mechanism refinements already queued.
TLDR by @Benthic
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