Wallet Profit Aerodrome

The rate here is the whole fee the pool charged. Aerodrome keeps a share of an unstaked position’s fees, typically 5% to 10%.

Each list shows the 60 deepest and busiest pools on Base (at least $200K in the pool and $50K traded a day).

A coin against a stablecoin

The shape most ranges take, and the one the trade-off is really about: the position earns fees while the price stays inside the range, selling the coin as it rises and buying more of it as it falls — so a rally leaves it holding the stablecoin and a fall leaves it holding the coin.

Two coins

Both legs move, so the pair's own price can sit still while both fall — or both rise: the position keeps its crypto exposure through a rally, where a coin-against-stablecoin range sells into it. That makes this the shape for crypto upside. Impermanent loss is measured against holding the two, not against dollars.

Gold against a stablecoin

A gold token against dollars: the range follows the gold price, which moves far less than a coin's, so a range lasts longer.

Stablecoin pairs

Both legs hold their peg, so the range rarely moves and impermanent loss stays small. The narrowest ranges live here.

A basic pool position covers every price, so there is no range to set and it never stops earning. What it loses against simply holding the two coins depends only on how far their price moves — the table below is the same for every basic pool. For a coin against a stablecoin, the pair’s price is just the coin’s dollar price: ETH at $2,000 falling to $1,000 is the “falls 50%” row. Halving and doubling cost the same.

Held: half the money in each coin at the start, as a pool deposit is. In the pool: the pool sells the coin as it rises and buys it as it falls, so it ends up behind holding in both directions — that gap is what the fees have to pay for.

The fees are only half the answer. Every price move puts the pool behind holding (table above), and a pair that moves every day loses a little every day. Over a year of moves like the last 90 days’, that adds up to the expected loss below; net is what is left of the fees after it.

Listed only where the market reports the pool’s trading volume. For most Aerodrome basic pools it reports the emissions alone, and a pool whose fee income cannot be estimated is left out rather than quoted at zero; the totals above count every one.

Bitcoin or ether against a stablecoin

The pair’s price is the coin’s dollar price, so the table above applies as it stands. Deepest first. The last two columns are a year of that movement: what it costs against simply holding the two coins, and what is left of the fee rate once it is taken off.

How much the pair moves is measured over the last 90 days and says nothing about the next 90. The expected loss assumes the price wanders back and forth; a pair that goes one way and stays there costs the figure in the table above instead.