Funding costs on GMX are much lower, since changes in late April.

The main takeaways:
• Median rates on the funding-paying side are down over 65%
• 93 out of 109 markets saw lower funding rates
• The share of long-tail perps with funding above 50% has dropped to near-zero

Lower, more stable funding makes it cheaper for traders to hold positions long-term. It also opens the door for GMX to support larger, more liquid markets.

This is only the first round of improvements to the funding mechanism; further refinements are already in the pipeline.

Open the GMX dapp and see the new rates for yourself.