Decentralized derivatives protocol GMX has rolled out QQQ/USD and SPY/USD perpetual contracts on Arbitrum, opening leveraged long and short exposure to the Nasdaq 100 and S&P 500 ETFs. The new products allow up to 50x leverage during U.S. market hours and up to 25x outside those hours, while remaining available for 24/7 trading. Users can access the market through multiple chains, including Ethereum, Base, and BNB Chain. Pricing is supplied through Chainlink’s low-latency oracle infrastructure. Each market is backed by a separate GM liquidity pool, and funding rates will adjust dynamically depending on the trading session. According to the announcement cited by Techub News, the launch extends GMX’s real-world asset push into the U.S. equity index segment.
Decentralized derivatives protocol GMX has launched QQQ/USD and SPY/USD perpetual contracts on Arbitrum, according to Techub News. The products let users take long or short positions on the Nasdaq 100 and S&P 500 ETFs with leverage of up to 50x.
The market is accessible across multiple chains, including Ethereum, Base, and BNB Chain. GMX said the new listings use Chainlink low-latency oracle feeds for pricing and support 24/7 trading. Maximum leverage is set at 50x during U.S. trading hours and 25x outside regular market hours.
Each market is supported by an independent GM liquidity pool, with funding rates adjusted dynamically by session. The launch marks GMX’s expansion of real-world assets into the U.S. stock index segment.
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