🏆

Equity curve

GM MEGA [WETH-USDC]
BTC
ETH

Other metrics

3M Sharpe
2.2
3M volatility
37.5%
Age
0.4 years
Maximum drawdown
-15.0%
Xerberus risk
74 / 100
Lockup period
Unknown
Denomination

Performance and fees

1M3M6M1YLifetime
Gross Gross 475.0% 113.2% 26.7% 26.7% 26.7%
Performance fee Performance 0.0%0.0%0.0%0.0%0.0%
Management fee Management 0.0%0.0%0.0%0.0%0.0%
Deposit fee Deposit 0.0%0.0%0.0%0.0%0.0%
Withdrawal fee Withdrawal 0.0%0.0%0.0%0.0%0.0%
Net Net 475.0% 113.2% 26.7% 26.7% 26.7%

Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.

About the pool

Liquidity providers supply WETH and USDC to provide liquidity for GMX perpetual trading and swaps. They earn a share of trading, borrowing, liquidation and swap fees, and benefit when traders make net losses. They bear net trader profits and changes in the value of the backing tokens.

  • Index market: MEGA/USD — the price market for which traders take long and short positions.
  • Long backing token: WETH — backs and settles profitable long positions.
  • Short backing token: USDC — backs and settles profitable short positions.

Running on GMX protocol

This pool is running on GMX:

GMX is a decentralised perpetual and spot exchange whose GM and GLV pools let liquidity providers supply market liquidity and receive a share of protocol fees.

View all GMX pools
Xerberus logo

Xerberus risk rating

View more View less

Notes

The vault performance approximates the single-sided USDC deposit value. GMX vaults hold exposure to all underlying tokens they market make

Returns and period details

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall#1083#116#99#131#64#100
Ranking on Arbitrum One#200#55#48#67#14#27
Ranking on GMX#111#52#47#66#9#27
CAGR (net)-61.0%475.0%113.2%26.7%26.7%26.7%
CAGR (gross)-61.0%475.0%113.2%26.7%26.7%26.7%
Returns (net)-1.8%15.5%20.5%9.2%9.2%9.2%
Returns (gross)-1.8%15.5%20.5%9.2%9.2%9.2%
Sharpe ratio-10.192.992.190.850.850.85
Max drawdown-2.2%-3.8%-3.8%-15.0%-15.0%-15.0%

Technical Details

Pool nameGM MEGA [WETH-USDC]
Pool address0xe26e7b91143f367445f1c0a5dcf4f4ac8eadcdb1
Chain Arbitrum One (42161)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000
Share tokenGM
ProtocolGMX
HomepageView vault on protocol website
Current TVL56,951.883 USDC
Peak TVL745,185.747 USDC
Last share price1.069 USDC
Last updated
Last updated block504,885,282
Data refreshed at
Data starts2026-04-30 00:00:00 UTC
Fee modeFeeless
Fees internalisedYes
Featuresamm_pool_like, gmx_gm, share_price_equivalence
Flagsliquidity_provision, market_making
Whitelist statusPermissionless
Deposit statusOpen
Redemption statusOpen

Stay ahead with the best new vaults and essential DeFi updates.

Subscribe to Trading Strategy newsletter