My LP is out of range

What to do when your V3 / Bunni position drifts outside its range

Concentrated-liquidity positions only earn fees while the market price is inside the price range you (or the Vault) configured. When price exits the range, the position holds 100% of one asset and earns nothing until either price returns or you reposition.

This is normal and expected — concentrated liquidity is a trade-off — but it has a few wrinkles worth knowing.

Last updated: July 6, 2026.

How to tell

On the Vaults or Liquidity page, an out-of-range position is flagged:

🟡 Out of range badge on the position card.
The asset breakdown shows ~100% of one token, ~0% of the other.
The "Fees earned in last 24h" stat is ~0.

What's actually happening

Imagine you set an ETH/USDC range from $2,800 to $3,200, and the market is at $3,000.

While ETH is between $2,800 and $3,200, your position swings between holding more USDC (when price is high) and more ETH (when price is low). It earns fees on every trade in your range.
If ETH moves to $3,500 (above your range), your position is 100% USDC. You "sold" your ETH on the way up, at progressively better prices, and now you're holding USDC. You earn no fees until ETH comes back to $3,200.
If ETH moves to $2,500 (below your range), your position is 100% ETH. You "bought" ETH on the way down, at progressively better prices. No fees until ETH comes back to $2,800.

Importantly: this isn't a "loss" in the sense of money disappearing. You hold the same total value as a passive holder, minus impermanent-loss-style asymmetry — sometimes more, sometimes less, depending on price path. What you've lost is the opportunity of earning fees.

Your three options

1. Wait for price to come back

If the price excursion is small and short-lived (the asset drifts a bit out of range, then mean-reverts), waiting is fine. You re-engage when price returns to your range.

2. Withdraw and re-deposit at a new range

For raw V3 positions: remove liquidity, swap to balance, redeposit at a fresh range. Two transactions plus the gas to swap. Expensive on Ethereum; tractable on Base.

For Bunni Vaults: most Vaults have a fixed range. If a particular Vault is consistently out of range, the protocol typically deploys a new Vault with refreshed bounds — migrate to it.

3. Let an active manager handle it

Mothership is exactly this — an automated liquidity manager that re-balances ranges as price moves. Once Mothership goes live, deposit there instead of into a static-range Vault.

When to choose what

Stable / LSD pairs (USDC/USDT, ETH/cbETH). Out of range is rare. Static ranges work fine.
Blue chip pairs (ETH/USDC, BTC/ETH). Wide static ranges work fine; expect occasional repositioning during big moves.
Mid-cap / volatile. Static ranges are high-effort. Wait for Mothership, or use V2 instead (full-range, no range management).
Memecoins. Concentrated liquidity is mostly the wrong tool. Use V2.

The math behind it

Capital efficiency in V3 scales roughly with how narrow your range is, but so does your risk of being out of range. A range that captures a 2× price move is much more capital-efficient than full-range — but if price moves 3×, you're stuck on one side.

Two practical heuristics:

Volatility-based range. Set the range to ~2× the recent annualized volatility on either side of the current price. Lets price swing within a normal volatility window without exiting.
Time-based range. Set the range to capture the price band you expect over the holding period. Wider for longer holds.

Neither is perfect. The honest answer is: predicting price ranges is hard, which is why ALMs (Mothership) exist.