Learn from the LPs already in a pool

Every position in a pool is public. The open positions table turns that into research: which widths are working, who is making money, and how the pool is really LP'd.

#1. Read the summary line

Above the table, the summary gives the shape of the pool at a glance: how many positions are in range, the width within which half the value sits, and the share of the liquidity at the price held by ±1%-or-tighter ranges.

• Half the value within a tight width and a high tight share: professionals dominate the price. A new tight position competes with them.
• Most value in wide ranges: a passive pool. A moderately tight range can take a large share of the fees.

#2. Compare widths

Use the Width filter one bucket at a time (±1%, ±1–5%, wider) with Status: in range, and sort by APR.

• Look at the top five in each bucket, not the single best. One lucky position proves little.
• Check Age: skip positions younger than a day or two, whose APR is mostly noise.

#3. Split fees from divergence

For the positions that interest you, compare P&L with Collected plus Uncollected.

• P&L close to fees: divergence was small, and the width matched the price action.
• Fees high, P&L low or negative: the price trended through the range. The position earned fees but gave them back.

#4. Follow the wallets

Click an owner to open their wallet.

• A wallet with positions in many pools and consistent P&L is worth watching: note its widths and how it spreads capital.
• A wallet whose positions are all very young is probably re-centring actively. Come back later to see its positions change.

#5. Look at out-of-range positions

Switch Status to out of range. Many large positions sitting out of range means LPs are waiting rather than re-centring: the price has moved away from where most capital expected it.

#What this can't tell you

• Closed positions aren't listed. Positions that did badly and were closed disappear from the table, so the survivors look better than the average LP did. The flow and LP track record section, where available, includes closed positions.
• Hedges aren't visible. A position that looks like it's losing may be hedged somewhere else.