{
  "metadata": {
    "generated_at_utc": "2026-05-31T01:56:07.580Z",
    "generated_at_ct": "05/30/2026, 20:56:07",
    "chain_id": 8453,
    "token_a": "cbbtc",
    "token_b": "usdc",
    "active_flags": {
      "width_buckets": 5,
      "rerange_buckets": 5,
      "min_sample": 8,
      "cohort_mode": "close_month",
      "include_open_appendix": true
    },
    "formulas": {
      "open_mark_to_market_pnl_usdc_net": "withdrawn_usdc_net_to_owner_total + current_value_usdc - deposited_usdc_gross_total",
      "pnl_pct_on_deposit": "pnl_usdc_net / deposited_usdc_gross_total",
      "pnl_pct_on_principal_snapshot": "pnl_usdc_net / principal_usdc_snapshot",
      "fee_drag_pct_on_deposit": "(protocol_fee_paid_usdc_total + bot_fee_paid_usdc_total) / deposited_usdc_gross_total",
      "current_value_multiple": "current_value_usdc / deposited_usdc_gross_total",
      "log_deposit_usdc": "ln(1 + deposited_usdc_gross_total)",
      "reranges_per_30d": "rerange_count * 30 / duration_days"
    },
    "bucket_boundaries": {
      "width": {
        "field": "avg_total_width_ticks",
        "kind": "width",
        "bucketCount": 5,
        "boundaries": [
          {
            "index": 0,
            "label": "Q1_narrowest",
            "lower": 490,
            "upper": 800
          },
          {
            "index": 1,
            "label": "Q2_narrower",
            "lower": 800,
            "upper": 1400
          },
          {
            "index": 2,
            "label": "Q3_middle",
            "lower": 1400,
            "upper": 1990
          },
          {
            "index": 3,
            "label": "Q4_wider",
            "lower": 1990,
            "upper": 2200
          },
          {
            "index": 4,
            "label": "Q5_widest",
            "lower": 2200,
            "upper": 5923.333333333333
          }
        ],
        "labels": [
          "Q1_narrowest",
          "Q2_narrower",
          "Q3_middle",
          "Q4_wider",
          "Q5_widest"
        ]
      },
      "rerange": {
        "field": "reranges_per_30d",
        "kind": "rerange",
        "bucketCount": 3,
        "boundaries": [
          {
            "index": 0,
            "label": "Q1_lower",
            "lower": 0,
            "upper": 0
          },
          {
            "index": 1,
            "label": "Q2_middle",
            "lower": 0,
            "upper": 1.8104553798184515
          },
          {
            "index": 2,
            "label": "Q3_upper",
            "lower": 1.8104553798184515,
            "upper": 18.313491362560498
          }
        ],
        "labels": [
          "Q1_lower",
          "Q2_middle",
          "Q3_upper"
        ]
      },
      "duration": {
        "field": "duration_days",
        "kind": "duration",
        "bucketCount": 4,
        "boundaries": [
          {
            "index": 0,
            "label": "Q1_lowest",
            "lower": 0.001388888888888889,
            "upper": 2.4380787037037037
          },
          {
            "index": 1,
            "label": "Q2_lower_mid",
            "lower": 2.4380787037037037,
            "upper": 13.226597222222223
          },
          {
            "index": 2,
            "label": "Q3_upper_mid",
            "lower": 13.226597222222223,
            "upper": 34.3212037037037
          },
          {
            "index": 3,
            "label": "Q4_highest",
            "lower": 34.3212037037037,
            "upper": 77.00351851851852
          }
        ],
        "labels": [
          "Q1_lowest",
          "Q2_lower_mid",
          "Q3_upper_mid",
          "Q4_highest"
        ]
      },
      "deposit": {
        "field": "log_deposit_usdc",
        "kind": "deposit",
        "bucketCount": 4,
        "boundaries": [
          {
            "index": 0,
            "label": "Q1_lowest",
            "lower": 0.6931471805599453,
            "upper": 1.3862943611198906
          },
          {
            "index": 1,
            "label": "Q2_lower_mid",
            "lower": 1.3862943611198906,
            "upper": 3.9318256327243257
          },
          {
            "index": 2,
            "label": "Q3_upper_mid",
            "lower": 3.9318256327243257,
            "upper": 5.707110264748875
          },
          {
            "index": 3,
            "label": "Q4_highest",
            "lower": 5.707110264748875,
            "upper": 10.06894690475072
          }
        ],
        "labels": [
          "Q1_lowest",
          "Q2_lower_mid",
          "Q3_upper_mid",
          "Q4_highest"
        ]
      }
    },
    "excluded_counts": {
      "regression_pnl_usdc_net": {
        "null_required_fields": 0,
        "small_dex_group": 2,
        "small_cohort_group": 0
      },
      "regression_pnl_pct_on_deposit": {
        "null_required_fields": 0,
        "small_dex_group": 2,
        "small_cohort_group": 0
      }
    }
  },
  "summary": {
    "row_count": 39,
    "open_count": 9,
    "closed_count": 30,
    "metrics": {
      "pnl_usdc_net": {
        "count": 39,
        "mean": 35.325059871794885,
        "median": -0.002248,
        "min": -552.001282,
        "max": 1660.891964,
        "stddev": 310.70772709315145,
        "win_rate": 0.48717948717948717
      },
      "pnl_pct_on_deposit": {
        "count": 39,
        "mean": -0.013864688783302487,
        "median": -0.0007493333333333333,
        "min": -0.24919159999999999,
        "max": 0.07481495333333332,
        "stddev": 0.07024914800056409,
        "win_rate": 0.48717948717948717
      },
      "avg_total_width_ticks": {
        "count": 39,
        "mean": 2011.508218277449,
        "median": 1950,
        "min": 490,
        "max": 5923.333333333333,
        "stddev": 1246.0518612554442,
        "win_rate": null
      },
      "rerange_count": {
        "count": 39,
        "mean": 1.2307692307692308,
        "median": 0,
        "min": 0,
        "max": 12,
        "stddev": 2.169908298590403,
        "win_rate": null
      },
      "reranges_per_30d": {
        "count": 39,
        "mean": 1.7661142294325658,
        "median": 0,
        "min": 0,
        "max": 18.313491362560498,
        "stddev": 3.863596810070175,
        "win_rate": null
      },
      "duration_days": {
        "count": 39,
        "mean": 31.366879516856606,
        "median": 30.00689814814815,
        "min": 0.001388888888888889,
        "max": 90.44843263888889,
        "stddev": 27.356049736731403,
        "win_rate": null
      }
    }
  }
}