Impermanent Loss Calculator
Compare providing liquidity with holding the same tokens
Half of the deposit starts in each token by dollar value. Enter each token’s USD price change since deposit; 0% means unchanged. Fees are an optional end-value assumption, not a live yield forecast.
Net fees needed to match holding: $857.86 total; $857.86 still needed after your fee assumption. Relative price ratio: 2× its initial value.
Impermanent loss before fees vs relative token price · Logarithmic ratio axis
Your scenario: 2.0000× · Loss 5.72% · Blue marker · Hover to inspect
With price multipliers a and b, holding value = deposit × (a + b) ÷ 2; pool value before fees = deposit × √(a × b). Impermanent loss is the shortfall relative to holding, not necessarily a dollar loss on the initial deposit. Equal percentage changes in both tokens produce zero impermanent loss.
This model assumes a full-range 50/50 constant-product pool rebalanced through arbitrage. It does not model concentrated liquidity ranges, weighted pools, stable-swap curves, changing deposits, depegs to zero, or protocol risks. Fees/rewards are added as a separate net USD amount without compounding; subtract any costs from that assumption yourself. Gas, taxes and slippage are otherwise excluded.
Loss can reverse if the relative price returns to its starting point, but recovery is not guaranteed. Removing liquidity realizes the current outcome. Source: Uniswap: Understanding Returns.
