GMX V2 Perps · Arbitrum

WBTC.B-USDC

Overview

The GMX V2 Perps WBTC.B-USDC pool on Arbitrum is a derivatives position that generates yield through perpetual swaps, allowing users to trade leveraged positions in the WBTC.B-USDC pair without expiry dates. Total APY stands at 27.85%, with no additional reward component. Over the past week, this rate has risen by 4.97% and over the last month it increased by 14.63%, placing it well above the 30-day mean of 16.67%. TVL in the pool is $2.18M with no reported change over the past week, exposing participants to impermanent loss due to its multi-asset nature. The protocol's derivatives category introduces additional risk from price volatility and leverage, which can amplify both gains and losses.

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 7.33%; 30-day mean is 14.36%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 86% confidence based on historical patterns.

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