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

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

You're being paid 6.02% to absorb price risk. Only ~6.02% of it is real fees — and they stop covering impermanent loss if ETH-USDC diverges more than ±104%.

REAL 100%

Real fee/staking yield: 6.02% · token emissions: 0% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±104% move in ETH-USDC erases a full year of the fees you actually keep (~6.02%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY
6.02%
Real yield (fees)
6.02%
TVL
$3.1M
Impermanent-loss risk
yes
▶ Open the live interactive verdict

Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

No token. No affiliate. No pool we get paid to push. We only make money by being right.