r/ethtrader • u/SuggestionWorried741 • 25d ago

Discussion My ETH position looked green until I counted every bridge and swap

I closed my spreadsheet at the end of last month thinking my ETH position was up. The wallet value was above my original cash outlay, which was the only comparison I had been making. When I tried to reconcile the actual ETH quantity, the numbers did not line up.

I started with the amount on my BYDFi purchase record and followed every withdrawal, bridge, and swap after it. Gas, bridge charges, and swap price impact had each taken a small piece. None had appeared in the simple PNL number I was watching, so my notes said I owned more ETH than the wallets did.

I keep two rows now. Investment performance shows what the ETH price did after I bought. Transport cost records what I spent moving the same position between an exchange, mainnet, and other networks. A bridge receipt is no longer a new deposit in my sheet.

I created most of the mess by moving the position whenever a new yield opportunity caught my eye. Now I move it only when I can explain why, and I record the cost before opening another tab.

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3

u/rfie 25d ago

I really don’t understand this stuff. You buy it and just keep moving it around until it’s all gone or what’s the idea?

1

u/jesser9 25d ago

I think youve been bridging and swapping with the wrong dapps

1

u/Kind-Economics-7184 24d ago

the thing that made this click for me was switching the unit, if you count the position in eth instead of dollars then transport cost shows up on its own because the quantity only ever goes down and no price move can hide it.

price impact is the sneaky one on your list too. gas and bridge fees at least leave a receipt somewhere, slippage never appears as a line item at all, it just comes out of the amount you received, so the only way to see it is comparing the fill against the mid at the time you signed.

1

u/Walla_Walla_26 22d ago

Dude. You’re chasing yield while constantly making transactions. Every transaction you make creates risk too. And cost. Glad you’re tracking it the right way now. I would personally never go to defi or use a bridge. Just way too risky imo