GMX V2 Perps · Arbitrum

ETH-USDC

Overview

The GMX V2 Perps ETH-USDC pool on Arbitrum is a multi-asset derivatives position designed for trading perpetual swaps between Ethereum and USDC. This protocol generates yield through fees earned from traders who use the liquidity provided by suppliers.

Total APY stands at 9.47%, with no additional reward component. The 7-day trend shows an increase of 1.74% while the 30-day trend indicates a decline of 2.79%. This current rate is below the 30-day mean of 9.72%.

TVL in this pool is $1.7M, with no reported change over the past week. The primary risk exposure here involves impermanent loss due to the multi-asset nature of the position. Depth and liquidity are crucial factors for traders using these perpetual swaps, impacting both fees earned by suppliers and the stability of price movements.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 2.49%; 30-day mean is 4.87%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 80% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.