GMX V2 Perps · Arbitrum

ETH-USDC

Overview

The GMX V2 Perps ETH-USDC pool on Arbitrum is a derivatives position where users can trade perpetual swaps between Ethereum and USDC. This protocol generates yield by facilitating leveraged trading positions, enabling traders to speculate on price movements with borrowed funds.

Total APY stands at 6.44%, with no additional reward component. The 7-day trend shows a decline of 3.69% while the 30-day trend indicates a drop of 4.23%, placing the current rate below the 30-day mean of 7.85%.

TVL currently sits at $47.9M with no reported 7-day change data available. The primary risk exposure is impermanent loss due to the multi-asset nature of the pool, affecting traders who hold positions during price fluctuations.

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 17.57%; 30-day mean is 11.00%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 52% confidence based on historical patterns.

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