How is impermanent loss calculated for Uniswap V3?

For concentrated liquidity, IL depends on the price range, the current price, and the relative move of the two assets. Koinlytics computes it from the real on-chain liquidity, tick range and live token prices.

Do fees cancel out impermanent loss?

Sometimes. If pool fees and reward emissions exceed the divergence loss over the period, your net result is positive. Koinlytics shows both side by side per position.

Impermanent Loss Calculator for Uniswap V3, Orca & DeFi LPs

Q: What is impermanent loss?

Impermanent loss is the value gap between holding two tokens passively and providing them as liquidity to an AMM. The loss becomes permanent only when you withdraw at a divergent price ratio.

Model what your liquidity position will look like under any price move — before you commit capital. Built for concentrated-liquidity AMMs (Uniswap V3, Orca Whirlpool, PancakeSwap V3, Aerodrome).

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What is impermanent loss?

Impermanent loss (IL) is the difference between the value of holding two tokens passively and the value of providing them as liquidity to an AMM. When the price ratio between the two assets diverges from the moment you deposited, the pool rebalances against you. The result is a smaller dollar value than if you had simply held — even though no fee was charged.

The loss is only locked in when you withdraw. While you stay in the pool, you collect trading fees and (in some pools) reward emissions. If those exceed the divergence loss, you end up net positive. If not, you walked out worse off than a simple buy-and-hold.

Why concentrated liquidity makes it worse

Uniswap V3, Orca Whirlpool and other concentrated-liquidity (CL) DEXes let you pick a price range. Inside the range you earn far more fees than a classic V2 pool. Outside the range you stop earning entirely and you end up holding 100% of the losing asset. Tight ranges amplify both the fees and the IL.

That's why a generic V2-style IL formula is misleading for V3 pools. You need a calculator that understands ticks, the current pool price, and the asset weights that actually sit inside your range right now.

How the Koinlytics IL calculator works

Pulls the real on-chain tick range and current price of your position.
Lets you slide token A's price up or down and instantly see new value, IL, and net P&L after collected and pending fees.
Compares "hold both tokens" vs "stay in LP" — the only comparison that matters.
Works for any pool on Ethereum, Solana, Base, Arbitrum, Optimism, Polygon and BNB.

Frequently asked questions

Is impermanent loss permanent?

Only when you withdraw. While you stay in the pool the loss can reverse if prices return.

Can fees cancel out impermanent loss?

Yes — high-volume pools often pay more in fees than the divergence costs you. Koinlytics shows you both numbers per position.

Does Koinlytics support Solana whirlpools?

Yes. Orca Whirlpool, Raydium CLMM and Meteora are first-class, with real Orca yieldOverTvl shown next to your position.

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