TCVALPHA
APR Calculator

APR Calculator

Buy a redeemable token below its NAV, redeem at par, repeat. This works out what a given entry discount annualises to once the redemption cooldown caps how many times a year you can go round — or, type a target APR and it tells you the discount you need to wait for.

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Editing discount drives the APR. Type in target APR to drive the discount instead.

Fair value (NAV, pre-fee)
Withdrawal fee
Fair value (post-fee)
Collateral price
Fair value (at par, post-fee)
Redemption cooldown
Cycles per year
Best seen across all pools
Last 1 day
Last 7 days
Last 30 days
At this discount
Buy price
Profit per $1 invested
APR vs post-fee fair value
APR vs at-par fair value

How it works: APR is profit per cycle × cycles per year, where a cycle is one buy-and-redeem round trip and the cooldown sets how many fit in a year. A 1% discount on an instant-redeem token annualises enormously; the same 1% on a 30-day cooldown does not. Tokens with no redemption path get a 5 bp slippage floor added to the fee, because exiting on a DEX means setting a limit under peg and accepting it won't snap back exactly. Fees, gas and price drift during the cooldown are not modelled.