GMX V2 Perps · Arbitrum

ETH-USDC

Overview

The GMX V2 Perps ETH-USDC pool on Arbitrum is a derivatives contract that allows users to trade perpetual swaps between Ethereum and USDC without the need for direct asset exchange, generating yield through trading fees and liquidation penalties. Total APY stands at 1.63%, with no additional reward component. The 7-day trend shows a decline of 1.19% while the 30-day trend indicates a decrease of 2.75%, placing the current rate below the 30-day mean of 1.83%. TVL is at $1.49M, with no reported change over the last seven days; primary exposure includes impermanent loss risk due to multi-asset holdings. This pool's liquidity depth supports robust trading activity and mitigates slippage for traders.

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 0.24%; 30-day mean is 12.48%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 84% confidence based on historical patterns.

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