QuantumPools · Deep diveYour Result

LP education · up or down?

Up or down? Your result in three parts

Am I up or down, and how much of that is the market versus the pool?

The short version

Your $1,000 deposit, DELL slips from 100 to 95 in 30 days: the market took $25.00, impermanent loss $3.04, and fees added $15.00. You're down $13.04, yet the pool's part is up $11.96.

Your result = market move + impermanent loss + fees market move = just-holding value − deposit impermanent loss = position value − just-holding value fees = trading fees after the 15%

One line splits it all: the just-holding value. Market on one side, the pool on the other. Illustrative prices, not DELL data. Not a promise.

1 · The whole picture

Three forces, one number

$1,000 at 100 in an 80–125 range goes in as 5 DELL + 500 USDG. Of the three parts, only the last two are about providing liquidity.

Day 30: from $1,000.00 to $986.96

  • MarketWhat your tokens did sitting in a wallet.
  • Impermanent loss (IL)The extra the pool's mixing cost you.
  • FeesWhat traders paid you.
Table view
StepChangeRunning total
Deposit—$1,000.00
Market−$25.00$975.00
Impermanent loss−$3.04$971.96
Fees+$15.00$986.96
Most of this move is the market, not the pool.

2 · The key variable

The line that splits them: just holding

Just holding your 5 DELL + 500 USDG is worth $975.00 at 95. Deposit to that line: the market's part. That line to your position: impermanent loss. Fees stack on top.

At 95 · result −$13.04

Just holding Your position Your deposit Fees, held at $15.00

Outside 80–125 the chart shows the range left alone, no snuggle.

Table view
PriceJust holdingPositionMarketILFees (held at $15)Result
80$900.00$847.21−$100.00−$52.79+$15.00−$137.79
95$975.00$971.96−$25.00−$3.04+$15.00−$13.04
110$1,050.00$1,038.72+$50.00−$11.28+$15.00+$53.72
125$1,125.00$1,059.02+$125.00−$65.98+$15.00+$74.02
Everything between your deposit and the gray line is the market's doing.

3 · Worked example

Thirty days, three parts

Price goes 100 → 110 → 90 → 95, and fees add $0.50 a day after the 15% (about $0.59 before). Price stays inside 80–125, so no snuggles.

Day 30 · price 95 · just holding $975.00 · position $971.96

Market
−$25.00
Impermanent loss
−$3.04
Fees
+$15.00
Result
−$13.04
Table view
Day · priceMarketILFeesResult
0 · 100$0.00$0.00$0.00$0.00
10 · 110+$50.00−$11.28+$5.00+$43.72
20 · 90−$50.00−$12.47+$10.00−$52.47
30 · 95−$25.00−$3.04+$15.00−$13.04
Day 30: the market's part is −$25.00; the pool's part is +$11.96, 1.20% of your deposit.

Illustrative, not a promise. Not pool data.

4 · Big moves

At the edges, the market dwarfs your fees

Same $15.00 of fees, price at each edge of your range. Fees soften the pool's part; they can't match the swing.

Your range runs from 80 to 125. At 80: market −$100.00, impermanent loss −$52.79, fees +$15.00, result −$137.79, pool's part −$37.79. At 125: market +$125.00, impermanent loss −$65.98, fees +$15.00, result +$74.02, pool's part −$50.98. your range 80 125 At 80 market −$100.00 IL −$52.79 fees +$15.00 → −$137.79 pool's part −$37.79 At 125 market +$125.00 IL −$65.98 fees +$15.00 → +$74.02 pool's part −$50.98

At 125 you're up $74.02, but just holding would be up $125.00.

Below 80 you hold only DELL; above 125, only USDG.

5 · In the app

Where you'll see each part

Your card shows Position Value and Impermanent Loss. Cover Value divides fees by that loss, and the Metrics ROI tile counts only the pool's part. Both read fees before the 15%, so they run a little above this article's after-15% split.

Market · compare just holding with your deposit
ROI tile: fees (before the 15%) − |IL| Metrics →
Impermanent loss · the card's Impermanent Loss tile
Fees · Unharvested Fees show before the 15%; it comes off when they're collected

So ROI can read positive while you sit below your deposit. Both are true.

6 · Try it

Split your own result

Where to find them: fees = your card's Unharvested Fees × 0.85, plus fees already paid to your wallet. Deposit, entry price and range: from the day you deposited.

Your result
−$13.04
position plus fees $986.96
The pool's part
+$11.96
impermanent loss + fees
Market
−$25.00
Impermanent loss
−$3.04
Fees
+$15.00

Just holding $975.00 · Position value $971.96 · Your deposit: 5.0000 DELL + 500.00 USDG

Assumes one two-token deposit inside the range, no top-ups, no snuggles. Try today 110 with fees 5: +$43.72.

Honest limits

A clear split, not a forecast

Useful for

  • Separating what the market did from what providing liquidity did.
  • Knowing in dollars whether you're up or down.

Not for

  • Taxes or forecasts. It's all marked at today's price until you withdraw.
  • Snuggled positions: the app measures impermanent loss from your original deposit, reinvested fees stripped out.
The deposit math → Core Concepts What can go wrong → Risks

What to do with this

You can't steer the market, but now you can see the pool's part clearly.

Next: grab your card's Unharvested Fees and today's price, and split your own result.

Split my result ↑
Then check your ROI tile → Metrics
The middle part Impermanent loss, explained → Why your position drifts from just holding, and how far. Fees vs the gap Cover Value → One ratio: are your fees ahead of impermanent loss?

Educational content, not financial advice. Providing liquidity can lose money; nothing here promises returns.