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    LP Net Return Calculator

    Compare a constant-product liquidity position with simply holding the two assets.

    Who this is for: Someone who holds — or is about to open — a liquidity position, and can supply a horizon and a view on the pool's volume. Both are yours to estimate; neither is predicted here.

    Data basis
    Observed
    Formula
    Model
    1. 1Enter details
    2. 2Choose scenario
    3. 3See results
    Choose a token
    Select the network and enter the token contract address. We load the available market and pool data for you.

    V2 / 50:50 scope

    Fees use a constant daily-volume assumption without compounding. V3 ranges, reward-token price changes and liquidity changes during the period are excluded.
    Position and prices
    Assumption

    Position value used at entry.

    Assumption

    Denominator for your estimated LP share.

    Assumption

    Token price when liquidity was supplied.

    Assumption

    Paired asset is assumed stable.

    Volume and fees
    Assumption

    Held constant for the selected period.

    Assumption

    Trading fee paid to the pool before protocol share.

    Assumption

    Share of pool fees not retained by LPs.

    Assumption

    No annualization or compounding.

    Other cash flows
    Assumption

    External rewards valued at realization.

    Assumption

    Total costs across entry, management and exit.

    Estimated pool share
    1.0000%
    IL before fees
    -5.72%
    -$85.79
    Provider fees
    $9.00
    $900.00 gross pool fees
    Net vs HODL
    -$76.79
    -5.12% vs HODL
    Net LP value
    $1,423.21
    42.32% vs initial position
    Cash-flow breakdown
    LP value before fees
    $1,414.21
    Gross pool trading fees
    $900.00
    Protocol share of pool fees
    $0.00
    Your retained trading fees
    $9.00
    Incentives
    $0.00
    Gas and transaction costs
    $0.00
    HODL benchmark
    $1,500.00
    Break-even against HODL
    Required daily volume
    $95,318.26
    Over 30 days
    Days at entered volume
    286.0
    Assuming unchanged daily volume

    How this calculation works — the formula, its inputs, what it assumes, and what it does not establish.

    Calculator guide

    How to use this impermanent loss calculator with fees

    Compare liquidity-provider returns against holding after impermanent loss, earned trading fees, incentives and gas costs. Fees can offset impermanent loss, but they do not guarantee LP outperformance.

    LP return versus HODL

    The relevant comparison is the final LP position against the value of holding the original assets over the same price path. Token-denominated gains alone can hide underperformance.

    How fees affect impermanent loss

    V2 and V3 positions can both earn fees. Real fee income depends on volume routed through the position, fee tier, active liquidity range and the position's share of active liquidity.

    V2 and concentrated liquidity

    A full-range constant-product estimate does not reproduce every V3 position. Concentrated ranges change capital efficiency, fee exposure and out-of-range behavior.

    Understand the assumptions

    LP Net Return FAQ

    Did providing liquidity outperform holding?

    Combine impermanent loss, earned fees and position value into one comparable net return. MoonMath labels the data basis for this tool as Observed, Formula, Model.

    Is the LP Net Return a prediction or recommendation?

    No. The LP Net Return Calculator is an educational scenario tool, not financial advice, a recommendation, or a forecast. Provider coverage, liquidity, routing, fees and market conditions can make real outcomes materially different.

    Does an impermanent loss calculator include LP fees?

    This calculator includes entered fee income, incentives and gas costs. The fee input remains an assumption unless complete position-level fee data is available.