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EnsoTrade › Why is it moving › GMX

Why is GMX up or down today?

According to EnsoTrade order-flow data, GMX is down 1.98% over 24h: fresh shorts are pressing the price lower (open interest rising as price falls). Longs are paying shorts (+0.0100%/8h), a crowded-long tilt; open interest rose 3.0% over the last 6h. Perp trades at a -0.207% discount to spot.

Source: EnsoTrade live order-flow · as of 2026-08-30T08:20:00Z · 15-min delayed (real-time free with a 3-day trial).

GMX signals

Price$7.729
24h change-1.98%
Order-flow regimeSHORTS_PRESSING
Funding rate (8h)0.01%
Open interest$285,932
OI change (6h)+3.05%
See GMX live on EnsoTrade →

What moves GMX?

GMX's short-term moves come from derivatives positioning, not just spot. EnsoTrade reads three live signals: funding (which side is crowded), open interest (new money vs unwinding), and order flow (which side of the book is absorbed). Together they show if a move is real or a trap.

Go deeper on GMX: GMX funding & crowding · GMX order flow.

FAQ

Why is GMX up or down today?
According to EnsoTrade order-flow data, GMX is down 1.98% over 24h: fresh shorts are pressing the price lower (open interest rising as price falls). Longs are paying shorts (+0.0100%/8h), a crowded-long tilt; open interest rose 3.0% over the last 6h. Perp trades at a -0.207% discount to spot.
What is the funding rate on GMX?
GMX funding is 0.01% per 8h — longs pay shorts (crowded long).
What is GMX open interest?
$285,932, up 3.05% in 6h.

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