How fee APR is calculated
Fee APR annualizes what a pool's swap fees paid relative to its TVL over a lookback window. We compute it for 24h, 7d and 30d windows and never mix windows in one number.
This is the return a passive full-range LP would have earned. A concentrated position multiplies it by its concentration factor while in range — see the Range Optimizer.
Beware pools with tiny TVL: a few wash trades can print a spectacular APR. LiqMax hides pools under $100k TVL by default and flags volume/TVL ratios above 50×.
The formula
fee_apr = (fees_period / avg_tvl) × (365 / period_days) × 100Educational content — not financial advice.