Position width vs PnL analysis

Run metadata

Chain: 8453

Pair: weth/usdc

Cohort field: close_month_utc

Closed core rows: 204

All positions rows: 276

Headline findings

{
  "closed_core_row_count": 204,
  "widest_vs_narrowest_median_pnl_usdc": {
    "narrowest_bucket": "Q1_narrowest",
    "narrowest_median_pnl_usdc": -0.006348,
    "widest_bucket": "Q5_widest",
    "widest_median_pnl_usdc": -0.0038645,
    "delta": 0.0024835000000000005
  },
  "widest_vs_narrowest_median_return_pct": {
    "narrowest_bucket": "Q1_narrowest",
    "narrowest_median_pnl_pct_on_deposit": -0.003174,
    "widest_bucket": "Q5_widest",
    "widest_median_pnl_pct_on_deposit": -0.003404,
    "delta": -0.00022999999999999974
  },
  "least_vs_most_active_median_pnl_usdc": {
    "least_active_bucket": "Q1_lowest",
    "least_active_median_pnl_usdc": -0.002412,
    "most_active_bucket": "Q4_highest",
    "most_active_median_pnl_usdc": -0.040592500000000004,
    "delta": 0.038180500000000006
  },
  "pairwise_correlations": {
    "avg_total_width_ticks__vs__pnl_usdc_net": {
      "pearson": 0.07270489605882702,
      "spearman": 0.11208685693809853
    },
    "avg_total_width_ticks__vs__pnl_pct_on_deposit": {
      "pearson": -0.1705070627760951,
      "spearman": 0.047664277686223104
    },
    "reranges_per_30d__vs__pnl_usdc_net": {
      "pearson": 0.007490920784284384,
      "spearman": -0.26652578721061304
    },
    "reranges_per_30d__vs__pnl_pct_on_deposit": {
      "pearson": 0.049036703234493245,
      "spearman": -0.2557874037680625
    }
  }
}

Methodology

{
  "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"
}

Data files

• positions.closed_core.csv
• positions.all_positions.csv
• buckets.width.closed_core.csv
• buckets.rerange.closed_core.csv
• buckets.width_x_rerange.closed_core.csv
• buckets.width.by_dex.closed_core.csv
• buckets.width.by_month.closed_core.csv
• summary.closed_core.json
• summary.all_positions.json
• regression.closed_core.json
• correlation.closed_core.json