GMX vaults: every GM pool
All 57 vaults on GMX that we observe — the GM pools — with flow-adjusted returns, max drawdown and history, screened every day against the same published criteria as every other perp DEX.
As of 15 October 2026 · updated every four hours · snapshot hashed daily · free
GMX vaults on the screen today
Vaults that met every published criterion in the latest run, sorted by score. Click a vault for the full record and its curve.
| Vault | Deposits | Return / yr | Max DD | Last 30d | History | Score |
|---|---|---|---|---|---|---|
| HYPE/USD [WBTC.b-USDC]screen | $2.5M | +82.5% | 26.4% | +2.7% | 1.6 y | 69 |
| SILVER/USD [ETH-USDC]screen | $318k | +61.2% | 15.0% | +2.9% | 188 d | 64 |
| BTC/USD [WBTC.b-USDC]screen | $57.3M | +33.0% | 26.3% | +2.4% | 3.3 y | 61 |
| BRENTOIL/USD [ETH-USDC]screen | $262k | +61.4% | 18.4% | +4.5% | 174 d | 60 |
| PENGU/USD [WBTC.b-USDC]screen | $495k | +17.0% | 20.3% | -4.4% | 1.7 y | 57 |
| ZEC/USD [WBTC.b-USDC]screen | $1.3M | +19.2% | 21.5% | +2.6% | 296 d | 57 |
| FARTCOIN/USD [WBTC.b-USDC]screen | $326k | +20.7% | 27.4% | +2.0% | 1.7 y | 56 |
| TAO/USD [WBTC.b-USDC]screen | $666k | +13.4% | 27.8% | -1.9% | 1.9 y | 54 |
| PUMP/USD [WBTC.b-USDC]screen | $557k | +5.5% | 17.3% | -10.5% | 1.2 y | 53 |
What a GMX vault is
GMX vaults are GM pools: each pool backs one market (BTC/USD, ETH/USD, …) and holds the market's long token plus a stablecoin, or a single asset. Depositors are the counterparty to traders in that market and earn trading, borrowing and swap fees.
Because a GM pool holds crypto, its dollar value moves with the asset price. We mark those pools and show the USD return including that exposure; stablecoin-only pools have none.
GMX runs on Arbitrum and Avalanche.
How we measure them
Returns are flow-adjusted: deposits and withdrawals are removed, so the curve shows what one share earned. Max drawdown is measured on that share value, not on the account balance. Every figure is recomputed every four hours from GMX's public data and the daily snapshot is hashed, so earlier figures cannot be altered afterwards. The method is the same for all eight platforms; details are on the methodology page.
What to watch on GMX
A GM pool's return has two parts — fees and the pool asset's price. In a falling market a pool can lose value even while trading is profitable. Compare pools of the same asset, not a BTC pool with a USDC one.
Questions
What is the return of BTC/USD [WBTC.b-USDC]?
BTC/USD [WBTC.b-USDC] has returned +33.0% a year flow-adjusted over 3.3 y of history, with a maximum drawdown of 26.3%, as of 15 October 2026. $57.3M is deposited. The live figure and the curve are on its vault page.
Is BTC/USD [WBTC.b-USDC] safe?
BTC/USD [WBTC.b-USDC] is a protocol pool with no operator; the main risks are the pool asset's price and trader results in that market. Both are visible in the curve on its vault page. No vault here is risk-free, and a past return is not a forecast.
How many GMX vaults are there?
We observe 57 GMX vaults with at least $25k deposited; 9 meet the published criteria on 15 October 2026 (at least 90 days of history, max drawdown under 30%, at least $250k deposited, a positive flow-adjusted return, open to depositors).
Which GMX vault has the best return?
Among GMX vaults with at least 90 days of history, HYPE/USD [WBTC.b-USDC] has the highest annualised return at +82.5% (max drawdown 26.4%). The screen sorts by score instead, which also weighs drawdown and consistency; HYPE/USD [WBTC.b-USDC] leads it today. The full list with filters is on the All vaults page.
Largest GMX vaults by deposits
Every observed vault above $25k, largest first — including vaults that are not on the screen.
| Vault | Deposits | Return / yr | Max DD | Last 30d | History | Score |
|---|---|---|---|---|---|---|
| BTC/USD [WBTC.b-USDC]screen | $57.3M | +33.0% | 26.3% | +2.4% | 3.3 y | 61 |
| ETH/USD [ETH-USDC] | $45.1M | +21.3% | 35.4% | -1.1% | 3.3 y | 50 |
| ETH/USD [ETH-ETH] | $16.2M | -6.5% | 64.4% | -3.7% | 2.5 y | 26 |
| BTC/USD [WBTC.b-WBTC.b] | $9.1M | +10.8% | 51.6% | +4.2% | 2.5 y | 38 |
| BTC/USD [USDG-USDG] | $6.4M | — | 0.1% | — | 28 d | 50 |
| SOL/USD [SOL-USDC] | $4.6M | +64.3% | 41.7% | +1.8% | 3.3 y | 51 |
| XRP/USD [ETH-USDC] | $2.7M | +20.3% | 37.8% | +0.6% | 3.2 y | 49 |
| LINK/USD [LINK-USDC] | $2.6M | +40.6% | 35.1% | +4.9% | 3.3 y | 54 |
| HYPE/USD [WBTC.b-USDC]screen | $2.5M | +82.5% | 26.4% | +2.7% | 1.6 y | 69 |
| ETH/USD [USDG-USDG] | $2.5M | — | 0.2% | — | 28 d | 51 |