What does impermanent loss compare?
It compares the value of pool assets with the value those same deposited assets would have if held outside the pool.
Impermanent Loss Calculator
Compare a token pool position with holding the same deposited assets.
Inputs
$1,224.74
Pool position value
$1,250.00
Value if held
-2.02%
Impermanent loss
−$25.26
Difference vs hold
$0.00
Estimated fees
$1,224.74
After estimated fees
−$25.26
Net vs hold
How it’s calculated
For v2, relative price ratio r gives relative pool factor 2√r/(1+r); pool value also reflects the geometric mean of both token price changes. For v3, constant-product liquidity formulas compute token amounts across the selected range and clamp price at range boundaries.
Assumptions
V2 assumes a 50/50 pool with no fees unless the optional linear fee APR estimate is entered. V3 assumes one position, a 50/50 USD deposit at the starting prices, no fee earnings, and no range changes. Fee estimate is not a forecast.
Sources
Uniswap v2 constant-product pool model and Uniswap v3 concentrated liquidity amount formulas. Uniswap concentrated liquidity documentation.
FAQ
Does the v2 estimate include trading fees?
You can add a simple fee APR estimate, but actual fees depend on pool volume and liquidity.
What does the v3 range mean?
The lower and upper values are token A price in units of token B. The position holds only token A below range or token B above range.
Is this financial advice?
No. Pool mechanics, fees, rebalancing and execution vary.