What you get with referral code JPVFBEU
Registering on MYX Finance through referral code JPVFBEU gives you access to the platform's fee rebate program from your very first trade. MYX Finance runs a structured referral system where new users who sign up through a valid invitation code receive a percentage rebate on every trading fee they pay — up to 20% back on every open and close fee charged by the protocol.
The rebate is automatic. Once your wallet is registered via the invitation link, every subsequent trade you place on MYX Finance accrues the rebate without any manual claiming process per trade. The compounding effect of even a modest fee reduction is substantial for active perpetuals traders who open and close multiple positions daily across high-notional sizes.
Fee rebate versus fee discount
Rebates are applied to every trade: Unlike a one-time welcome discount, the MYX Finance referral rebate from code JPVFBEU applies to every open and close fee you pay throughout your trading career on the platform. There is no cap on total rebates earned and no expiry on your eligibility. The longer you trade, the more meaningful the cumulative savings become.
No KYC, no account registration
Connect a wallet and trade: MYX Finance is a fully permissionless DeFi protocol. You do not need an email address, phone number, or identity documents. Connect any EVM-compatible wallet to the Arbitrum network and your trading account is automatically created on first deposit. Referral code JPVFBEU is embedded in the invitation URL — no manual entry required.
Self-custody throughout
Your funds are always yours: MYX Finance is a non-custodial smart contract protocol. Your collateral interacts directly with audited contracts on Arbitrum. No centralized party can freeze, seize, or misappropriate your assets. You retain full control of your wallet and funds at all times, and can withdraw your balance to any EVM address at any point.
How to apply the referral code
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Open MYX Finance through the referral link Navigate to app.myx.finance/referrals?invitationCode=JPVFBEU. The
invitationCode=JPVFBEUparameter automatically registers the referral relationship when you connect a wallet for the first time. Do not clear the URL parameters before connecting. -
Connect an EVM-compatible wallet on Arbitrum Click Connect Wallet and select MetaMask, WalletConnect, Coinbase Wallet, or any other EVM-compatible wallet. Make sure your wallet is set to the Arbitrum One network before connecting — MYX Finance is deployed on Arbitrum. If your wallet is on a different network, the interface will prompt you to switch.
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Bridge or transfer USDC to Arbitrum MYX Finance uses USDC on Arbitrum as its primary settlement currency. If your USDC is on Ethereum mainnet, use the official Arbitrum bridge at bridge.arbitrum.io or a cross-chain aggregator such as Stargate Finance or Socket Protocol for transfers from other chains. The bridging process typically takes 5 to 15 minutes and costs a small gas fee.
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Deposit USDC and start trading with fee rebates Once your USDC is on Arbitrum, open the MYX Finance trading interface and deposit into your account. Your fee rebate of up to 20% from referral code JPVFBEU is now active on every trade. Select any available perpetual market — BTC, ETH, SOL, and more — set your leverage, and open your first position with reduced fees.
Ready to trade perpetuals with up to 20% fee rebates on MYX Finance?
Activate JPVFBEU on MYX FinanceMYX Finance fee structure
MYX Finance charges an open fee and a close fee on every perpetual position. These fees are applied to the notional size of the position (not just the margin). Funding rates also apply when there is a net long or short imbalance in the Matching Pool, though the MPM architecture minimizes funding rate volatility by netting positions internally before engaging pool liquidity.
| Fee type | Standard rate | With JPVFBEU (up to 20% off) | You save |
|---|---|---|---|
| Open fee | 0.05% | ~0.040% | ~0.010% |
| Close fee | 0.05% | ~0.040% | ~0.010% |
| Round trip | 0.10% | ~0.080% | ~0.020% |
| Funding rate | Variable | Variable | N/A (market-driven) |
| Liquidation fee | Protocol-defined | Protocol-defined | N/A |
Exact fee rates and rebate mechanics are subject to protocol governance decisions. Check the official MYX Finance documentation and the referral dashboard for the current program terms before trading.
Annual savings estimate
The table below illustrates how the fee reduction from referral code JPVFBEU compounds over a full year at different monthly trading volumes, using the standard round-trip fee as baseline.
| Monthly volume | Annual round-trip fees (standard) | With JPVFBEU | Estimated saving |
|---|---|---|---|
| $50,000 | $600 | ~$480 | ~$120 |
| $250,000 | $3,000 | ~$2,400 | ~$600 |
| $1,000,000 | $12,000 | ~$9,600 | ~$2,400 |
| $5,000,000 | $60,000 | ~$48,000 | ~$12,000 |
| $20,000,000 | $240,000 | ~$192,000 | ~$48,000 |
These estimates use a flat 20% rebate on the standard 0.10% round-trip fee. Actual savings depend on current program terms, position sizes, and whether you use maker or market orders where applicable.
MYX Finance features: MPM and beyond
MYX Finance distinguishes itself from other decentralized perpetuals exchanges through a combination of architectural innovations that reduce slippage, improve capital efficiency for liquidity providers, and create a more stable trading environment under volatile market conditions. The centrepiece of this design is the Matching Pool Mechanism.
Matching Pool Mechanism (MPM)
The core innovation behind MYX Finance: Most DEX perpetuals platforms route all trader positions against a shared liquidity pool. In this model, when a trader goes long BTC, the liquidity pool effectively goes short BTC — every trade creates directional exposure for LPs. MYX Finance's MPM changes this dynamic by first matching long positions against short positions of equal size internally. When a long and a short of the same size exist simultaneously, they cancel each other out without consuming any liquidity pool capital. The pool is only engaged to cover the net imbalance after matching.
The practical result is lower slippage for traders and less directional risk for LPs. When a market has roughly balanced long and short open interest — a common condition in liquid markets during trending periods — traders benefit from tight effective spreads and LPs hold a near-delta-neutral book. The pool earns a funding premium for any net imbalance it does absorb, creating a sustainable revenue model for liquidity providers.
Near-zero slippage on balanced markets
Price impact is minimized when positions match: Traditional AMM-based perpetuals protocols use a bonding curve or oracle with a spread to price trades. Larger trades shift the price further along the curve, creating slippage proportional to size. With MPM, balanced trades are matched at the oracle price without any additional spread, since they are offset against counterpart positions rather than the pool. Traders with large positions benefit disproportionately from this architecture — a $1 million BTC long costs no more in slippage than a $10,000 BTC long when matched against an equivalent short.
Capital-efficient liquidity provision
LPs deploy capital only when needed: Under a traditional GLP-style model, all LP capital is always at risk because all trades flow through the pool. Under MPM, LP capital is only at risk for the net imbalance — the portion of open interest not matched by counterpart positions. During balanced market conditions, LPs retain full capital efficiency without directional exposure, earning fees without bearing the risk that a single large directional trade could impair their position significantly.
Oracle integration and price feeds
Accurate, manipulation-resistant pricing: MYX Finance integrates industry-standard oracle infrastructure to deliver reliable price feeds across all supported perpetual markets. The oracle system is designed to resist price manipulation attacks that have historically affected some on-chain derivatives protocols, where an attacker could move a spot price to trigger forced liquidations or unfair settlement outcomes. Robust oracle design is foundational to a fair perpetuals trading experience.
Arbitrum deployment and low gas costs
Fast execution, minimal fees: MYX Finance is deployed on Arbitrum One, Ethereum's dominant Layer 2 optimistic rollup. Arbitrum provides transaction throughput and finality that is suitable for active perpetuals trading, with gas costs that are a fraction of Ethereum mainnet. Traders can open, close, and modify positions without gas fees eating into their trading economics — a critical requirement for strategies that involve frequent position management.
MYX Finance vs GMX and Hyperliquid
The decentralized perpetuals market has several strong competitors. Understanding how MYX Finance's architecture compares to GMX (the liquidity pool pioneer) and Hyperliquid (the appchain orderbook leader) helps traders choose the platform that best fits their strategy.
| Feature | MYX Finance | GMX v2 | Hyperliquid |
|---|---|---|---|
| Architecture | MPM (Matching Pool) | GLP / GM pools | HyperBFT appchain |
| Slippage model | Near-zero when balanced | Oracle spread + impact | Order book spread |
| Chain | Arbitrum One | Arbitrum / Avalanche | Own L1 appchain |
| Custody | Self-custody (EVM) | Self-custody (EVM) | Self-custody |
| KYC required | No | No | No |
| LP risk model | Net imbalance only | Full directional exposure | HLP vault exposure |
| Referral rebate | Up to 20% (JPVFBEU) | Yes | Yes |
| Trading speed | Arbitrum finality | Arbitrum finality | Sub-second (appchain) |
MYX vs GMX: architectural comparison
GMX v1 introduced the GLP model — a basket of assets that acts as counterparty to all traders. GMX v2 improved on this with GM pools, allowing single-asset isolated exposure. Both models still route every trade through pool capital. MYX Finance's MPM is a further evolution: it nets opposing positions first, exposing pool capital only to net imbalance. For traders, this translates to lower slippage on large trades in balanced markets. For LPs, it means lower directional risk in normal market conditions. GMX has a larger TVL and longer track record; MYX offers a more capital-efficient design and competitive fee rebates via code JPVFBEU.
MYX vs Hyperliquid: different trade-offs
Hyperliquid operates on its own appchain with a fully on-chain orderbook modeled after a centralized exchange — the fastest and deepest decentralized perpetuals platform by volume as of early 2026. Hyperliquid's appchain architecture gives it sub-second finality and a limit order book capable of supporting sophisticated order types. MYX Finance, by contrast, lives in the EVM ecosystem on Arbitrum, making it composable with other DeFi protocols, bridges, and wallet infrastructure that EVM users are already familiar with. Traders who want CEX-like speed favor Hyperliquid; traders who want EVM composability and MPM-driven capital efficiency may prefer MYX. Both offer referral rebates — use JPVFBEU for MYX Finance.
About MYX Finance
MYX Finance is a decentralized perpetual futures exchange built on Arbitrum, designed to address the capital efficiency and slippage limitations of first-generation on-chain perpetuals protocols. The project was built by a team with backgrounds in quantitative trading, DeFi protocol engineering, and blockchain infrastructure, motivated by the observation that existing DEX perpetuals platforms were architecturally constrained by routing all trades through a single liquidity pool with no position matching.
The Matching Pool Mechanism (MPM) is the protocol's foundational innovation. Rather than treating every trader as a counterparty to the pool, MPM first tries to match long and short positions internally. This replicates the economic function of a traditional exchange matching engine — where buyers and sellers trade directly against each other — within the constraints of a smart contract protocol that also needs a liquidity backstop for net imbalances. The design draws on principles from both traditional finance market microstructure and the decentralized liquidity pool model pioneered by Uniswap and extended by GMX.
MYX Finance launched on Arbitrum to take advantage of the network's combination of deep EVM liquidity, established DeFi infrastructure, low transaction costs, and high throughput relative to Ethereum mainnet. Arbitrum is home to GMX, Camelot, Radiant, and a large ecosystem of DeFi protocols that provide the liquidity flywheel MYX Finance benefits from as it grows its open interest and TVL.
The protocol's referral program, of which code JPVFBEU is a part, is designed to reward community members who introduce new traders to the platform. The program offers up to 20% fee rebates to referred users — a competitive rate in the decentralized perpetuals landscape. MYX Finance continues to develop the platform with new market listings, liquidity incentive programs, and improvements to the MPM architecture as the protocol matures and its open interest grows.
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