Impermanent Loss & LP Yield Calculator
Model price divergence between token pairs in Uniswap, Curve, and PancakeSwap automated market maker (AMM) pools. Calculate if fee rewards offset volatility risk.
Pool Parameters
Net Position Summary
Standard Impermanent Loss Reference Table
What is Impermanent Loss and How Does It Occur?
Impermanent Loss happens in automated market maker (AMM) liquidity pools when the relative price of the pooled assets diverges from when they were deposited. Because the constant product formula (x * y = k) automatically rebalances the pool by selling the appreciating asset and buying the depreciating asset, the total USD value of your liquidity pool shares can be less than if you had simply held the individual tokens in your wallet.
When Does Impermanent Loss Become Permanent?
Impermanent loss is only "impermanent" as long as the tokens remain in the pool. If price ratios return to their initial deposit levels, the loss disappears. However, once you withdraw your liquidity shares, the loss is realized and becomes permanent.