Impermanent loss calculator

Impermanent loss on one position

The range sits symmetrically around the starting price. Amounts are normalized, so the two values are directly comparable rather than dollar figures.

Range width — ±30%

Price move — +20%

Liquidity position

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If you just held

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Impermanent loss

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Position status

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What to notice

Direction matters less than size. A move down costs slightly more than the same move up, but the loss is driven mainly by how far prices travel.
Narrow ranges hurt more. At a ±10% range a 20% move is far more costly than at ±90%, because the position has already been fully converted into one asset.
Once out of range, the loss stops growing. The position is entirely in one asset, so further moves no longer change its composition.
No move, no loss. Return the slider to 0% and the two values coincide — the reason it is called impermanent.

Note

This values a single position over a single price move, and deliberately ignores fee income — it isolates the risk side. The index itself does the same thing across the whole distribution of possible prices, which is what the option market supplies. See the methodology for the definitions used here.

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