What is this?
An interactive tool for analyzing concentrated liquidity AMM (clAMM) positions with leverage. It visualizes how your position's PnL, impermanent loss, and delta change across a price range — helping you understand your risk before deploying capital.
Key concepts
Range (Lower / Upper) — the price bounds of your concentrated liquidity position. Fees are only earned while the price is within this range. A tighter range means more capital efficiency but higher risk of going out of range.
Leverage — multiplies your position size by borrowing additional capital. A 2x leverage on a $1,000 deposit creates a $2,000 LP position with $1,000 borrowed.
Entry price — the market price at which you open the position. This determines initial composition and PnL reference.
QUOTE vs BASE debt
QUOTE debt (e.g. USDC) — you borrow stablecoins. Your debt stays constant in dollar terms regardless of price movement. This gives you long exposure: you profit when price rises because your LP holds BASE assets that appreciate, while your debt doesn't grow.
BASE debt (e.g. ETH/BTC) — you borrow the volatile asset. Your debt grows in dollar terms as price rises. This creates a more delta-neutral or short-biased position: the borrowed BASE offsets the BASE in your LP, reducing directional exposure.
In short: QUOTE debt = bullish lean, BASE debt = hedged / bearish lean.
Reading the chart
The purple curve shows your net PnL across prices. Green fill = profit, red fill = loss. The dashed orange line shows impermanent loss. Vertical lines are draggable — grab them to adjust bounds and entry.
IL (Impermanent Loss) — measures the cost of providing concentrated liquidity vs simply holding. It takes your net equity at entry (deposit only, not borrowed capital), converts it entirely to the base asset at your entry price, and compares that hold value against your actual LP net value at each price point. When IL is negative, your LP is underperforming a pure base-asset hold by that amount.
Δ-Neutral — price(s) where your PnL crosses zero. Liquidation — where risk-adjusted net value hits your margin threshold. Liq Factor — Arcadia's collateral discount (e.g. 0.90 means LP value counts at 90% for margin purposes).
Controls
Lock icon — when locked, dragging one bound won't move the other or entry. Useful for fine-tuning. Label styles — switch between axis labels, cursor-following labels, or a side panel via the dot menu.
Links
𝕏 @ilo_0x ·
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