# Pool page

A pool page is where you decide whether, and how, to LP a pool. It opens from any pool in [Discover](../discover.md) or any asset in [Assets](../assets.md). When an asset has several pools, the switcher at the top moves between them.

## Header strip

The strip names the pool (pair, fee tier, venue and issuer), has a **copy mint** button for the token address, and shows the headline numbers:

| Number | Meaning |
|---|---|
| Price | Current pool price and its 24-hour change |
| TVL | Value deposited in this pool |
| Volume 24h | Swap volume in the last 24 hours |
| Fees 24h | Fees paid to LPs in the last 24 hours |
| Vol ratio | The pool's headline vol ratio and chip |
| Memes | The largest meme tokens trading against this asset, when there are any over $100k |

## Chart

One chart card with three tabs. rangebound remembers the tab you last used.

### Price and fees

Seven days of hourly history: the pool price on top, the fees LPs were paid each hour underneath. Busy hours stand out, and you can see whether fees come from a steady flow or a few bursts.

### Liquidity

Liquidity by price: each bar is a range of ticks, valued at what it holds. Bars below the current price hold USDC, bars above hold the stock token. The current tick is highlighted. Beside the chart: the depth in the active tick (what a swap meets before the price moves to the next tick), the liquidity within the zoomed view, and the whole book, which should match the pool's TVL to within a few percent.

A tall bar right at the price means a crowded tick: a new position there shares its fees with a lot of liquidity.

### Vol ratio by width

The vol ratio at each range width from ±0.5% to ±50%, against the 1× line. Points above the line are widths where fees pay more for the price risk than the matching option; the headline width is highlighted. See [How vol ratio is calculated](../vol-ratio/how-it-is-calculated.md) for why the ratio changes with width.

## Open positions

The positions table shows every tracked position in the pool, largest first. It gets its own page: [Open positions](open-positions.md).

## More sections

Below the positions, collapsible sections go deeper. Each one remembers whether you left it open.

- **[Plan a range](plan-a-range.md)**: fees, LVR and re-centring for a width and size you pick.
- **Width vs net edge**: every standard width side by side. See below.
- **Volatility**: realised and implied volatility for the underlying, which one is used, and what LVR costs at that level. See [Volatility](../methodology/volatility.md).
- **[Flow and LP track record](flow.md)**: who trades the pool, how prices move after their trades, and how real LPs did.
- **All pools**: every pool for this asset side by side, with its share of the asset's volume.

## Width vs net edge

For a $10,000 range kept centred on the price, one column per width (±0.5%, 1%, 2%, 5%, 10%, 25% and 50%), yearly rates:

| Row | Meaning |
|---|---|
| Fee APR (re-centred) | Fees the range would have earned, sharing each minute's fees with the liquidity actually in range then |
| − LVR | Loss to arbitrage at the current volatility |
| − Re-centring costs | Swap fees and price impact of re-centring, times how often it is expected |
| − T-bill yield | The cost of the capital, when the hurdle is set to cash |
| Net APR | What is left |
| Rebalances / day | How often the price is expected to leave the range |
| Cost per rebalance | The cost of one re-centre, as a share of the position |
| Break-even vol σ\* | The volatility at which net edge before the hurdle is zero |
| Matched option tenor | The at-the-money option with the same gamma as this range |
| Option bid IV | That option's implied volatility at the bid |
| Vol spread σ\* − IV | Positive means the range sells volatility dearer than the option |
| Vol ratio | The same comparison as a multiple, on seven days of fees |

The star marks the width with the highest net APR.