DeFi Orbit vs Spreadsheets for LP Tracking Spreadsheets work for one or two positions. Past that, DeFi Orbit tracks range, fees, PnL and impermanent loss for every position, with no typing. Canonical: https://defiorbit.xyz/compare/spreadsheets --- [Compare Solutions](/compare)/Manual tracking # DeFi Orbit vs. spreadsheets Most LPs start in a spreadsheet, and most of us at DeFi Orbit did too. It works until the second chain, the fifth position or the first number that is wrong when it matters. This page sets out what the spreadsheet is doing for you, what it costs, and when it is still the right tool. Last reviewed October 15, 2026 A spreadsheet is a good fit when You have one or two positions on one chain and check them weekly You enjoy the modelling and the hour a week is yours to spend You need a layout no tool offers, such as a tax or treasury view built your way Use DeFi Orbit when You hold several positions across more than one protocol or chain A wrong number has cost you money, or you worry that it could You report to anyone else: a partner, a client, an investor or an accountant 01 / Side by side ## What you get from each Topic Spreadsheet ![DeFi Orbit](/assets/logo-white.png) Built for Whatever you build it for. That is the appeal Liquidity and lending positions, across ten networks How data gets in You open each protocol, read the numbers and type them in Add a wallet address. Positions are read from the chain When it updates When you update it. Between updates it is wrong Real time on every request Price range and in-range status Checked by hand, position by position On every position, with an alert when it crosses Uncollected fees Read from the protocol interface, if you remember Returned on the position, attributed through rebalances PnL and impermanent loss Your formulas, your historical prices, your mistakes Calculated per position, with documented methods History Only what you typed in, from the day you started the sheet Daily snapshots from the day you add a wallet, with every deposit, withdrawal and collection recorded More than one chain A tab per chain, and a lot of copying One portfolio across ten networks, EVM and Solana Alerts None. You are the alert Out-of-range and liquidation alerts by email or Telegram Cost Free to open. LPs we interviewed reported 30 to 60 minutes a day keeping it current From $57.50 a month billed yearly, or $69 monthly, with a 7-day free trial Who finds the error Usually you, after it cost something Values reconciled to chain state before they reach you 02 / What the spreadsheet is doing ## Every tab is a job you do by hand A tracking spreadsheet looks like one file. It is a set of jobs that run only when you sit down and do them, and each one is a place for a mistake to live. 1. 01 Enter every position Pool, range, amounts and entry prices, copied from each protocol by hand. 2. 02 Update the prices Every token, every time you open the sheet, or the values are stale. 3. 03 Read the fees Open each position in each protocol to see what it has earned, then type it in. 4. 04 Record every change Deposits, withdrawals, collections and rebalances, or the history stops being true. 5. 05 Maintain the formulas PnL, impermanent loss and APR, kept correct as positions change shape. 6. 06 Check what you cannot see Range status and health factor, which the sheet cannot know without you looking. 7. 07 Start again on the next chain A new tab, new price sources and the same work twice. 03 / The cost nobody puts in the sheet ## Six things a spreadsheet costs you that never show up as a number A spreadsheet is free to open. These are the costs that come after. ### The hours Of 30 liquidity providers we interviewed before building DeFi Orbit, most tracked positions in a spreadsheet, and several described 30 to 60 minutes a day keeping it current. ### The error you do not catch One wrong cell in a tracking sheet can hide a position that is out of range or a loan that is close to liquidation. The founder of DeFi Orbit was liquidated because of one. ### The days you missed A spreadsheet only knows the days you updated it. Skip a week and those values are gone. DeFi Orbit takes a snapshot of every position each day on its own. ### The stale number Between updates the sheet shows yesterday’s prices and yesterday’s fees. Decisions get made on them anyway. ### The report you cannot defend When a partner, client or accountant asks how a figure was reached, the answer is a cell reference and your memory. ### The ceiling Every new position adds work, so the spreadsheet quietly limits how many positions you are willing to run. 04 / When we are not the fit ## When a spreadsheet is the better choice A spreadsheet is the right tool more often than vendors admit. If one of these is your case, keep it. ### One or two positions If you hold a couple of positions on one chain and check them weekly, a spreadsheet is fine and costs nothing. ### A layout nobody offers Tax lots, treasury views or a model that is yours. Export from DeFi Orbit into the sheet and keep the layout. ### Protocols we do not cover If your positions are somewhere we are not yet, the sheet is the only option until we are. Tell us which protocol. ### You want to learn the maths Building impermanent loss and APR by hand once is the best way to understand them. Then let the tool do it. 05 / FAQ ## Questions teams ask before deciding Can I keep my spreadsheet? Yes, and many people do for a while. Run DeFi Orbit next to it for a week, compare the numbers, and keep whatever the sheet still does that the app does not. CSV export means the data can flow from us into your layout rather than the other way round. Will the numbers match mine? Where they differ, it is usually a historical price or how fees were attributed after a rebalance. Our methods for PnL, impermanent loss, fees and APR are documented, so you can see exactly which rule explains any gap. How long does it take to set up? Add a wallet address and your positions appear. There is nothing to enter by hand, so the first view usually takes less time than one spreadsheet update. What does it cost? Individual is $69 a month, or $690 a year, which works out to $57.50 a month, with a 7-day free trial. If your spreadsheet takes you 30 minutes a day, the question is what that time is worth to you. Do you need access to my funds? No. You sign a short message to prove you own a wallet when you create your account, and after that we only read public on-chain data. Nothing can move your funds. What if my positions are in a protocol you do not cover? You will still see balances and value across +500 protocols. The detailed figures cover a growing list, and we add protocols as users ask. Tell us which one you need. [See all comparisons](/compare) The interview figures on this page come from 30 conversations DeFi Orbit held with liquidity providers before building the product. Other comparisons [All comparisons →](/compare) [ Build it yourself Your own tracker + DeFi Orbit ](/compare/build-your-own-tracker)[ Build it yourself DeFi Orbit vs. building it in-house ](/compare/in-house)[ Indexing protocols DeFi Orbit vs. subgraphs ](/compare/subgraphs) ## Put your spreadsheet next to the app for a week Add the wallets you track today and compare the numbers. The first 7 days are free, and nothing changes in your spreadsheet. [Get API key](https://platform.defiorbit.xyz)[Book a demo](/book-a-demo) × Book a demo ## See how DeFi Orbit fits your stack Thirty minutes with the team. Bring a wallet address and the report you wish you had. - A walkthrough using your positions, not sample data - Which product fits: Portfolio, the API or both - Pricing for your wallets, clients and volume Just want to try it? [Get an API key](https://platform.defiorbit.xyz) or[launch the app](https://app.defiorbit.xyz). 1. 1 · Your details 2. 2 · Pick a time ## Pick a time, there 30 minutes · Video call · Your details are filled in for you ← Edit details[Open the calendar in a new tab ↗](#)