> ## Documentation Index
> Fetch the complete documentation index at: https://docs.metengine.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Understand Your PnL

> See exactly where your profits come from with real-time tracking

Most platforms show you paper gains. MetEngine shows you real PnL, including impermanent loss that others hide.

## What You'll Unlock

* Real-time impermanent loss calculation
* True profit visibility (not just paper gains)
* The data you need to make exit decisions

## Real-Time PnL Tracking

MetEngine calculates your impermanent loss in real-time, so you always know your true profit. Not just what the raw numbers suggest.

<Frame>
  <img src="https://mintcdn.com/metengine/4vAAweSs8I4pQ0QW/public/position.png?fit=max&auto=format&n=4vAAweSs8I4pQ0QW&q=85&s=3a4789ed5b8a351ce50dc664a8c95b0c" alt="Position" width="998" height="972" data-path="public/position.png" />
</Frame>

**What you just saw:** Live PnL that accounts for everything: fees earned, impermanent loss, and true net profit.

## Understanding Your Numbers

### Fees Earned

The trading fees you've collected from swaps through your liquidity range. This is pure profit (before considering IL).

### Impermanent Loss (IL)

The difference between holding your assets vs. providing liquidity. MetEngine calculates this in real-time.

**When IL matters:**

* If fees > IL, you're profitable
* If IL > fees, you're losing money (even if it looks like gains)

### True PnL

Your actual profit or loss: **Fees Earned - Impermanent Loss**

This is the number that matters. Everything else is noise.

## Making Exit Decisions

Use your PnL data to make informed exit decisions:

**Keep position open when:**

* Fees consistently exceed IL
* Volume through the pool remains high
* Price stays within your range

**Consider closing when:**

* IL exceeds fees over multiple periods
* Volume drops significantly
* Price moves far from your range

## You're Now Ready To

You understand your real performance. Now maximize your returns by claiming fees and compounding.

<Card title="Claim and Compound" icon="coins" href="/terminal/growth/claim-and-compound">
  Collect your fees and compound your earnings
</Card>