Gmx V2 Perps
Decentralized exchange — earn fees by helping other people swap tokens.
94% on Arbitrum · also on 2 other chains
Chains
3
Live yield options
92
Best reward rate
66.47%
Live since
2023
Where it runs
Available on 3 chains
Earn here · live yield options
Yields available on Gmx V2 Perps
92 live options — yields range 0.18% to 66.47% per year, with a median of 4.28%.
-
01
gmx-v2-perps - ETH-USDC Arbitrum
ETH · USDC
Reward
12.77%
→Pool size
$51.3Million
-
02
gmx-v2-perps - ETH-ETH Arbitrum
ETH
Reward
4.26%
→Pool size
$18.1Million
-
03
gmx-v2-perps - AVAX-USDC Avalanche
AVAX · USDC
Reward
4.64%
→Pool size
$5.02Million
-
04
gmx-v2-perps - LINK-USDC Arbitrum
LINK · USDC
Reward
5.43%
→Pool size
$4.19Million
-
05
gmx-v2-perps - SOL-USDC Arbitrum
SOL · USDC
Reward
15.55%
→Pool size
$3.89Million
-
06
gmx-v2-perps - ETH-USDC Arbitrum
ETH · USDC
Reward
2.45%
→Pool size
$3.04Million
All 92 yield options on Gmx V2 Perps Expand →
| Option | Chain | Reward | Pool size |
|---|---|---|---|
| gmx-v2-perps - ETH-USDC | Arbitrum | 12.77% | $51.3Million |
| gmx-v2-perps - ETH-ETH | Arbitrum | 4.26% | $18.1Million |
| gmx-v2-perps - AVAX-USDC | Avalanche | 4.64% | $5.02Million |
| gmx-v2-perps - LINK-USDC | Arbitrum | 5.43% | $4.19Million |
| gmx-v2-perps - SOL-USDC | Arbitrum | 15.55% | $3.89Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 2.45% | $3.04Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 3.51% | $2Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 13.87% | $1.82Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 1.53% | $1.51Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 1.57% | $1.51Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 4.51% | $1.51Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 0.9% | $1.26Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 0.36% | $1.23Million |
| gmx-v2-perps - ETH-USDC | Arbitrum | 9.36% | $783Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 6.36% | $745Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 50.49% | $694Thousand |
| gmx-v2-perps - ARB-USDC | Arbitrum | 15.13% | $672Thousand |
| gmx-v2-perps - UNI-USDC | Arbitrum | 1.98% | $617Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 2.63% | $488Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 4.1% | $435Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 7.22% | $429Thousand |
| gmx-v2-perps - TBTC-TBTC | Arbitrum | 1.35% | $417Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 1.28% | $379Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 66.47% | $364Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 7.04% | $359Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 1.19% | $345Thousand |
| gmx-v2-perps - AVAX-AVAX | Avalanche | 0.84% | $341Thousand |
| gmx-v2-perps - AAVE-USDC | Arbitrum | 11.99% | $324Thousand |
| gmx-v2-perps - PENDLE-USDC | Arbitrum | 20.47% | $305Thousand |
| gmx-v2-perps - AVAX-USDC | Arbitrum | 30.68% | $299Thousand |
| gmx-v2-perps - BNB-USDC | Arbitrum | 4.12% | $295Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 3.44% | $278Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 13.92% | $267Thousand |
| gmx-v2-perps - GMX-USDC | Arbitrum | 4.87% | $250Thousand |
| gmx-v2-perps - GMX-GMX | Arbitrum | 2.49% | $241Thousand |
| gmx-v2-perps - SOL-USDC | Avalanche | 24.93% | $227Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 2.78% | $226Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 6.18% | $223Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 1.06% | $205Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 0.72% | $204Thousand |
| gmx-v2-perps - WSTETH-USDE | Arbitrum | 0.18% | $181Thousand |
| gmx-v2-perps - SOL-SOL | Arbitrum | 2.23% | $163Thousand |
| gmx-v2-perps - WSTETH-ETH | Arbitrum | 0.9% | $123Thousand |
| gmx-v2-perps - APE-USDC | Arbitrum | 9.51% | $112Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 4.13% | $112Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 11.82% | $106Thousand |
| gmx-v2-perps - AVAX-USDC | Avalanche | 1.94% | $104Thousand |
| gmx-v2-perps - PEPE-USDC | Arbitrum | 8.88% | $98.7Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 8.59% | $96.1Thousand |
| gmx-v2-perps - ETH-USDC | Arbitrum | 4.28% | $90.5Thousand |
How it works
Using Gmx V2 Perps in three steps
-
1
Pair two tokens
Pick two tokens (e.g. ETH + USDC), deposit both in equal value into the trading pool.
-
2
Earn a share of fees
Every time someone swaps through this pair, you earn a tiny cut of the fee. The more people trade, the more you earn.
-
3
Watch out for IL
If one token's price moves a lot relative to the other, you'd have been better off just holding — the gap is called 'impermanent loss'.
Read up
About Gmx V2 Perps
Description provided by the protocol team. Always verify directly before depositing funds.
Tokens earning here
Top tokens earning yield through Gmx V2 Perps
Same family
Other Gmx products
These products share the brand but each is distinct code with its own deposits, audits, and risks. Pick the one that matches what you want to do.
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Frequently asked
What people ask about Gmx V2 Perps
What is Gmx V2 Perps?
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Gmx V2 Perps is an on-chain app. Decentralized exchange — earn fees by helping other people swap tokens.
Is using Gmx V2 Perps safe?
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Gmx V2 Perps has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.
How much can I earn?
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Right now yields on Gmx V2 Perps run 0.2%–66.5% per year, depending on which pool you pick and which chain you use. Rates change with demand.
Which chains does it run on?
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Gmx V2 Perps runs on 3 chains, including Arbitrum, Avalanche, MegaETH. Each chain has its own fees and speeds — pick the one you already use.
Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.
See also
Terms used on this page
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Smart Contract
Code on a blockchain that runs automatically when called. DeFi protocols are smart contracts — bugs in the code can lose user funds.
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Audit
An independent security review of a smart contract. More audits and longer track record reduce — but never eliminate — code risk.
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Impermanent Loss
A loss LP providers experience when the two pool tokens diverge in price. The loss only crystallises if you withdraw at that ratio.
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Oracle
An on-chain feed of off-chain data — usually prices. Lending and CDP protocols rely on oracles to liquidate positions correctly.
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TVL (Total Value Locked)
The total dollar value of assets currently deposited in a DeFi protocol. A rough proxy for adoption and trust.