YieldTruth · gmx-v2-perps · Arbitrum · as of 2026-07-01 05:18 UTC
▲ SHORT-VOL CARRY Grade C

Is the SOL-USDC yield on gmx-v2-perps real?

You're being paid 6.27% to absorb price risk. Only ~6.27% of it is real fees — and they stop covering impermanent loss if SOL-USDC diverges more than ±107%.

REAL 100%

Real fee/staking yield: 6.27% · token emissions: 0% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±107% move in SOL-USDC erases a full year of the fees you actually keep (~6.27%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY
6.27%
Real yield (fees)
6.27%
TVL
$3.4M
Impermanent-loss risk
yes
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Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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