GMX V2 Perps · Arbitrum

WBTC.B-USDC

Overview

The GMX V2 Perps WBTC.B-USDC pool on Arbitrum is a derivatives contract for perpetual swaps, enabling users to trade synthetic long and short positions on the WBTC-BUSDC pair without expiry dates. This protocol generates yield by attracting liquidity from traders who pay fees for executing trades.

Total APY stands at 8.18%, with no additional reward component. The 7-day trend shows a decline of -1.83% while the 30-day trend is up 0.11%. Current rates are above the 30-day mean of 7.98%.

TVL currently sits at $42M, with no reported change over the past week. This multi-asset pool exposes liquidity providers to impermanent loss risk due to price volatility in the underlying assets. Given its derivatives nature, this pool relies heavily on deep liquidity to maintain stable trading conditions and minimize 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 16.39%; 30-day mean is 9.99%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

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

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