Does impermanent loss apply to stablecoin pairs?

Barely. If both assets track the same price (e.g. USDC/USDT), the ratio never diverges much, so impermanent loss stays near zero. That is why stable pairs are popular despite lower fees.

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. This calculator shows the exact fee amount you need to break even.

Is this calculator free?

Yes. The calculator on this page is completely free and requires no sign-up. Koinlytics also offers a full LP tracking suite that reads your real on-chain positions.

Impermanent Loss Calculator

Free, instant, no sign-up. Model what your liquidity position is worth under any price move — hold value vs LP value, IL in dollars, and the exact fees you need to break even. Works for Uniswap, Orca Whirlpool, PancakeSwap, Raydium and any 50/50 AMM pool.

Token A (the one that moves)

Token B

Initial investment (USD)

ETH price change

+50%

−99%0%+400%

0.0% IL

✅ Negligible

Hold valueif you just held both tokens

$1,250.00

LP valueas liquidity provider

$1,224.74

Impermanent lossvs holding

−2.02% −$25.26

Break-even fees needed

$25.26

Trading fees + rewards you must collect to offset IL

IL curve — where your scenario sits

IL reference table

Price move	IL %	Loss on your investment	Risk

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 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 simple 50/50 estimate is a lower bound for V3-style pools. To model your actual position you need the tick range, the current pool price, and the asset weights inside your range right now — which is exactly what the full Koinlytics tracker reads on-chain.

What the full Koinlytics tracker adds

Pulls the real on-chain tick range and current price of every position you own.
Shows collected + pending fees next to IL, so you see true net P&L per pool.
Supports Uniswap V3/V4, Orca Whirlpool, Raydium CLMM, PancakeSwap and Aerodrome.
Covers Ethereum, Solana, Base, Arbitrum, Optimism, Polygon and BNB in one dashboard.

Frequently asked questions

Is impermanent loss permanent?

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

Can fees cancel out impermanent loss?

Yes — high-volume pools often pay more in fees than the divergence costs you. The break-even card above shows exactly how much fee income you need.

Does IL apply to stablecoin pairs?

Barely. If both assets track the same price (e.g. USDC/USDT), the ratio never diverges much, so IL stays near zero. That's why stable pairs are popular despite lower fees.

Does Koinlytics support Solana whirlpools?

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