GMX V2 Perps · Arbitrum

WBTC.B-USDC

Overview

The GMX V2 Perps WBTC.B-USDC pool on Arbitrum is a derivatives position that allows users to trade perpetual contracts using WBTC and USDC as collateral. This protocol generates yield through trading fees and other incentives tied to the liquidity provided in these perpetual swaps.

Total APY stands at 22.15%, with no additional reward component. Over the past week, this rate has increased by 16.93%, while over the last month it has dropped significantly by 71.14%. This current rate is below the 30-day mean of 44.11%.

TVL in the pool totals $1.8M with no reported change over the past week. The primary risk here involves impermanent loss exposure due to the multi-asset nature of the collateral. Users should be aware that this type of liquidity provision can lead to losses if market conditions move unfavorably against their positions.

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 5.86%; 30-day mean is 12.83%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 57% confidence based on historical patterns.

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