Crypto Indices
GX Exchange offers 20 crypto index products that provide diversified exposure to different segments of the digital asset market through a single perpetual contract. All indices are tradeable with up to 20x leverage and settle in USDC.
Index Categories
Core Indices
Broad market indices covering the largest and most liquid digital assets:
| Index | Description |
|---|---|
| GX10 | Top 10 cryptocurrencies by market capitalization |
| GX5 | Top 5 cryptocurrencies by market capitalization |
| GXCRYPTO20 | Top 20 cryptocurrencies by market capitalization |
| GXALT | Altcoin index — top assets excluding BTC and ETH |
| GXBTCPLUS | BTC-weighted index with enhanced altcoin exposure |
Sector Indices
Indices tracking specific sectors within the crypto ecosystem:
| Index | Description |
|---|---|
| GXDEFI | Decentralized finance protocols (AAVE, UNI, MKR, etc.) |
| GXL1 | Layer 1 blockchains (ETH, SOL, AVAX, ADA, etc.) |
| GXL2 | Layer 2 scaling solutions (ARB, OP, MATIC, etc.) |
| GXAI | AI and machine learning tokens (FET, RNDR, AGIX, etc.) |
| GXMEME | Meme tokens (DOGE, SHIB, PEPE, WIF, etc.) |
| GXGAME | Gaming and metaverse tokens (AXS, SAND, IMX, etc.) |
| GXRWA | Real-world asset tokenization protocols |
| GXINFRA | Infrastructure and middleware protocols (LINK, GRT, FIL, etc.) |
| GXPRIVACY | Privacy-focused assets (XMR, ZEC, SCRT, etc.) |
Thematic Indices
Indices built around investment themes rather than strict sector classification:
| Index | Description |
|---|---|
| GXBTCCO | Bitcoin correlation index — assets with the highest BTC correlation |
| GXINNOVATORS | Early-stage protocols with high growth potential |
| GXWEB3 | Web3 infrastructure and application layer tokens |
Specialty Indices
Indices designed for specific trading strategies:
| Index | Description |
|---|---|
| GXHEDGE | Low-beta assets suitable for hedging crypto exposure |
| GXYIELD | Tokens with the highest on-chain staking or lending yields |
| GXSMALL | Small-cap cryptocurrencies outside the top 100 by market cap |
Index Methodology
Composition
Each index follows a transparent, rules-based methodology:
- Constituent selection: Based on market capitalization, liquidity, and sector classification
- Weighting: Market-cap weighted with a per-constituent cap to prevent excessive concentration
- Rebalancing: Monthly rebalancing on the first business day of each month
- Reconstitution: Constituents are reviewed and updated at each monthly rebalance
Pricing
Index prices are calculated from the GX Exchange oracle network:
- Real-time calculation: Index value computed continuously from constituent oracle prices
- Weighted sum: Price = sum of (constituent weight x constituent oracle price) for all constituents
- Mark price: Used for margining and liquidation, smoothed to prevent manipulation
Trading Specifications
| Parameter | Value |
|---|---|
| Settlement | USDC |
| Max leverage | 20x |
| Index fee | 0.5% |
| Funding interval | 8 hours |
| Trading hours | 24/7 |
| Tick size | $0.01 |
| Margin mode | Cross or isolated |
The 0.5% index fee is applied on entry and exit to cover rebalancing costs and constituent management.
Use Cases
- Diversified exposure: Gain broad market exposure without managing multiple positions
- Sector rotation: Shift capital between sectors (DeFi, L1, AI, Gaming) based on market conditions
- Hedging: Use GXHEDGE or short an index to reduce portfolio risk
- Thematic investing: Express a view on a specific trend (AI, Web3, privacy) with a single trade