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Oct 20, 2025

# How to Track Concentrated Liquidity Performance With Metrix Finance

What each number on a concentrated liquidity position means in Metrix Track, where to find it, and how to read the signals that tell you to act.

A concentrated liquidity position earns fees only while price sits inside its range, and it swaps one token for the other as price moves through that range. So the APR on a pool list tells you very little about how your own position is doing. You need three answers: what you have earned, what the price moves have cost you, and whether you would have done better just holding.

Track answers all three for every position in the wallets you follow. This guide walks through where each number lives and how to read it.

## Before you start

Track reads from the wallets in your Portfolio. Add a wallet address there first (you don’t connect the wallet itself), and Metrix indexes it. A new wallet can take a short while to index before its positions appear.

### The Track list: your daily check

Open **Track** from the sidebar and choose the **Pools** tab. Every open position gets a row with its current value, the fees it has earned, and how it is performing, so you can see which positions are working and which need a look. On Pro, closed positions stay available too, so you can judge a strategy end to end after you withdraw.

### Inside a position

Select a position to open its detail view. A bar across the top jumps between five sections, each a chart with the numbers behind it alongside:

| Section | What you see | What it tells you |
| --- | --- | --- |
| Position | Position value over time, with your total deposits and withdrawals | Where the money stands now against what you put in |
| Earnings | Claimed and unclaimed fees, fee APR, and Retention | What the position has earned, and how much of it survived price moves |
| Price Range | Your min and max price, average starting price, In-Range Rate, and the asset conversion breakdown | How well the range fits the market, and your real cost basis per token |
| Performance | The position against four ways of holding instead, plus P/L and ROI | Whether providing liquidity beat simply holding |
| History | Every deposit, withdrawal, and fee collection, with amounts, value, gas, and a link to the transaction | The record behind every number above |

The charts, Retention, and the comparisons against holding are Pro features. Elite adds longer chart ranges.

### The four numbers worth knowing exactly

Most of the detail view explains itself. These four carry the story, so here is exactly what each one measures.

- **In-Range Rate.** The share of the position’s life that price spent inside your range, measured from the day you opened it. A position only earns while it is in range, so a low rate usually explains weak fees before anything else does.
- **Retention.** How much of your earnings survived impermanent loss. At 100% the price moves cost you nothing, at 50% they took half your fees, and below 0% they took more than everything you earned. It is the quickest single test of whether a range pays for itself.
- **VS HODL.** The dollar difference between the position, fees included, and simply holding the tokens you deposited. Positive means providing liquidity beat holding. Negative means the tokens would have done better sitting in your wallet.
- **ROI.** Your profit or loss as a share of everything you deposited. Hover the P/L above it to see how much came from price moves and how much from earnings.

### Four ways of holding, one chart

The Performance chart plots your position against the alternatives you gave up by providing liquidity. Toggle any of them on:

- **Pair HODL** keeps the exact tokens you deposited.
- **HODL 50/50** splits your deposit evenly between the two tokens.
- **Single-token HODL**, one line per token, puts the whole deposit into that token.

Hover a line’s figure to see its holding value, the divergence loss, and how far ahead or behind the position is. Pair HODL is the fair comparison for most positions, because it starts from exactly what you put in. The single-token lines answer a different question: what if you had simply backed one side?

### What your range converted

As price crosses your range, the pool sells one token for the other, so you rarely withdraw the mix you deposited. The Price Range section shows what was converted and the cost basis per token that resulted, breaking each token into what you started with, what the range added or sold, and where that leaves you.

The [asset conversion guide](https://app.metrix.finance/docs/track/asset-conversion) walks through the math with a worked example.

### When to act

- **Retention sliding toward zero.** Price moves are eating your fees. A wider range, or an exit before it turns negative, is worth considering.
- **A falling In-Range Rate.** Price is spending more time outside your range, where the position earns nothing. Re-centering or widening the range brings it back to work.
- **VS HODL turning negative.** Holding would have done better. If it stays there, the pool may not pay enough to justify the exposure.
- **Price near a range edge.** Set a price alert from **Manage alerts** on the position so you hear about it before it stops earning. Alerts are a Pro feature.

Everything above works from a wallet address, with nothing to connect and nothing to sign. The [Track docs](https://app.metrix.finance/docs/track) cover the rest, including lending positions.

👉 **Start monitoring your CLPs now:** [Track your concentrated liquidity performance in Metrix](https://app.metrix.finance/track) and see how your positions are really doing.

[Previous postPoolfish and Metrix: Which to Use, and When](https://metrix.finance/blog/metrix-vs-poolfish-which-liquidity-pool-calculator-wins/) [Next postEstimate Uniswap v3 & v4 LP Fee Returns with Metrix Finance’s Liquidity Pool Calculator](https://metrix.finance/blog/estimate-uniswap-v3-v4-lp-fee-returns-with-metrix-finance-s-liquidity-pool-calculator/)

## Run the numbers yourself.

Every claim in these posts traces to real on-chain history. See it on your own positions.

[Create a free account](https://app.metrix.finance/signup)

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