> For the complete documentation index, see [llms.txt](https://docs.cod3x.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cod3x.org/introduction/trading-with-gmx-v2.md).
# Trading With GMX V2
## Trading Infrastructure & GMX V2
Cod3x executes all perpetual trades **directly on GMX V2**.\
Every long or short your agent opens, every limit order, every liquidation—\
all of it ultimately settles on GMX V2 smart contracts.
> **Why it matters**\
> Understanding GMX’s mechanics helps you anticipate funding fees, slippage, and pool dynamics. The Cod3x terminal simplifies execution, but the underlying rules remain GMX’s.
***
Make sure to select GMX as your preferred exchange in the tools section in order to trade on GMX.
***
### What You Should Know
Even though Cod3x abstracts away on-chain complexity, your trades inherit GMX V2’s:
* **Funding & Borrow Fees** – The cost of holding leveraged positions.
* **Liquidity Pool Mechanics** – Orders fill against GMX pool liquidity, not an order book.
* **Price Impact & Slippage** – Pool depth and market volatility affect final fills.
* **Liquidation Rules** – Positions can be liquidated if collateral ratios drop below GMX thresholds.
* **Execution Timing** – Transactions are confirmed on-chain; network congestion can affect speed.
***
### Learn the GMX V2 Details
For a deep dive into fee schedules, pool-based perpetuals,\
and all other protocol mechanics, start here:
👉 [GMX V2 Documentation](https://docs.gmx.io/docs/trading/v2)
This is the authoritative reference on:
* Fee structure and funding rates
* Market creation and price feeds
* Slippage, oracles, and risk parameters
* Position management and liquidations
***
**Bottom line**\
Cod3x gives you a streamlined AI trading experience,\
but **your trades still follow GMX V2 rules**.\
Reading the GMX V2 docs ensures you know exactly how costs, risks, and execution work behind the scenes.
---
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