Token A
Token B
Impermanent Loss
-5.7191%
$857.86 less than simply holding the two tokens
If you had just held
$15,000.00
Your position in the pool
$14,142.14
The position is worth more than you put in and is still behind. Impermanent loss is measured against holding the tokens, not against your deposit, so a pool can be up in dollars and losing at the same time.
- Token A Price Change
- 100%
- Token B Price Change
- 0%
- Price Ratio Change
- 2×
- Shortfall Against Holding
- $857.86
Trading fees needed to break even
$857.86 (24.6% APR over 90 days)
Fees are the only thing that offsets the loss. If the pool paid you less than this, holding the two tokens would have been the better trade.
This models a 50/50 constant-product pool of the Uniswap v2 kind. Weighted pools, concentrated liquidity and stable pools behave differently. The loss is only "impermanent" while you stay in — withdrawing makes it real.