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Vertex Protocol is a hybrid decentralized exchange combining an orderbook with an AMM for both spot and perpetual trading. Built on Arbitrum, it offers CEX-like trading experience with DeFi self-custody.
The hybrid model provides deep liquidity by combining limit orders with AMM pools. Vertex offers cross-margining, allowing positions to share collateral for capital efficiency.
With fast execution, low fees, and a unified trading experience, Vertex has become a major perpetuals venue on Arbitrum competing with established protocols.
Best of both liquidity models
Shared collateral across positions
Trade both in one venue
Competitive trading costs
Governance and rewards
Arbitrum speed + sequencer
Trade crypto perpetuals with leverage
Swap tokens on orderbook
Efficient collateral usage
Stake for fee rebates
Provide limit order liquidity
Vertex combines an orderbook (like CEX) with an AMM (like Uniswap). Limit orders and AMM liquidity are merged into one pool. Trades execute against the best price from either source. This provides deeper liquidity than either alone.
Cross-margin lets multiple positions share collateral. Instead of separate margin per position, your whole account backs all trades. This is more capital efficient—profits from one position can offset losses in another.
VRTX is Vertex's governance and utility token. Staking VRTX provides fee rebates and protocol rewards. VRTX holders participate in governance decisions about protocol parameters and development.
GMX uses an oracle-based model with GLP liquidity. Vertex uses a hybrid orderbook. GMX has zero price impact, Vertex has traditional slippage. Vertex offers spot trading too. Both are major Arbitrum perpetuals venues.
Vertex is audited and has operated on Arbitrum since 2023. It's non-custodial—you control your funds. Standard perpetual trading risks apply: liquidation, funding rates, smart contract risk. Use appropriate position sizing.