Footprints, or resource allocations, of waves within resources that are shared by processor cores in a multithreaded processor are measured concurrently with the waves executing on the processor cores. The footprints are averaged over a time interval. A number of waves are spawned and dispatched for execution in the multithreaded processor based on the average footprint. In some cases, the waves are spawned at a rate that is determined based on the average value of the footprints of waves within the resources. The rate of spawning waves is modified in response to a change in the average value of the footprints of the waves within the resources.