Impermanent Loss Calculator: Liquidity Pool Value vs HODL
An impermanent loss calculator shows how much less a liquidity pool position is worth than simply holding the two tokens. Enter the price change of one token against the other and your deposit in a 50/50 constant-product pool.
- Impermanent loss
- -5.72%
- Loss vs holding
- −$857.86
- Value in pool
- $14,142.14
- Value if held
- $15,000
How it is calculated
- Price ratio r = 1 + price change
- Impermanent loss = 2 × √r ÷ (1 + r) − 1
- Pool value = deposit × √r, HODL value = deposit × (1 + r) ÷ 2
- Trading fees earned by the pool are not included.
Frequently asked questions
- How large is impermanent loss when the price doubles?
- About 5.72%. If one token doubles against the other, a 50/50 pool is worth 5.72% less than holding, before trading fees. A 5x change costs about 25.5%.
- Why is it called impermanent?
- The loss only becomes permanent when you withdraw. If the price returns to where it was when you deposited, the loss disappears.
- Does the direction of the move matter?
- No, only the size of the ratio. A price that halves (r = 0.5) causes the same percentage loss as one that doubles (r = 2).