Invested Value
How much you paid for the assets you still own — the same way Robinhood, Coinbase, and tax trackers measure it.
In one sentence
Invested Value is what you actually paid for the things sitting in your portfolio right now. Sell something, and its share drops out of the number — so it always reflects today's holdings, not your entire trading history.
A simple example
Say you bought 1 BTC for $30,000. Your Invested Value for BTC is $30,000. If BTC then rises to $50,000, Invested Value stays at $30,000 — that's still what you paid. The $20,000 difference is your unrealized profit, shown on the Profit / Loss card. Now you sell half (0.5 BTC). You still own 0.5 BTC that you originally paid $15,000 for, so Invested Value drops to $15,000. The other $15,000 of cost basis went out the door with the sold coins.
Why "total spent" would give the wrong answer
Imagine you have $1,000. You buy Token A. Price goes nowhere, you sell, get your $1,000 back. You buy Token B with the same $1,000. You sell, buy Token C, sell, buy Token D. A naive "total spent" counter would say you've invested $4,000 — but you only ever had $1,000 deployed. Your portfolio has been worth roughly $1,000 the whole time. Invested Value would correctly show $1,000, because that's the cost of what you currently hold (Token D). It doesn't double-count money you've recycled. This is why Profit / Loss = Net Worth − Invested Value works as a real performance number: both sides describe what you own today.
Industry standard
This is how brokers and portfolio trackers measure cost basis. Robinhood, Coinbase, CoinTracker, Delta, and just about every tax tool report "cost basis of current holdings" — not "every dollar that ever passed through your account." Tax authorities use the same definition: when you sell an asset, your taxable gain is the sale price minus the cost basis of that asset, not minus your lifetime spending.
What's added up
Invested Value sums the cost basis from every place your assets live: • Spot balances on connected exchanges and wallets • Earn / Savings deposits (Binance Earn, WhiteBit Fixed and Flexible, etc.) • Assets supplied to DeFi lending protocols (Aave, Fluid, Compound) • Unsold collectibles — using the price you bought them for If you have any borrowings in DeFi, the market value of those borrowings is subtracted, because you'll have to pay them back at market price. Anything you've excluded from calculations (assets, connections, or DeFi positions) is also skipped — the same exclusions Net Worth uses, so the two numbers stay consistent.
How the average buy price is calculated
When you buy the same asset multiple times at different prices, your cost basis is the weighted average. Buy 1 ETH at $2,000 and another 1 ETH at $4,000, and your average is $3,000 per ETH — total cost basis $6,000. When you sell, the sold portion is removed at that average. Selling 1 of those 2 ETH leaves you with 1 ETH still at a $3,000 cost basis, so Invested Value drops to $3,000 — not zero, not $6,000. If you sell everything and later buy back in, the slate is wiped clean. A fresh purchase doesn't get diluted by what you owned years ago. This is the standard "running average cost" method used by most retail brokers.
Free coins (airdrops, staking rewards, transfers in)
Tokens you receive without paying don't add anything to cost basis — they're profit waiting to happen. The way it shows up: your average buy price for that asset gets diluted toward zero as free tokens grow your balance. If you bought 10 tokens at $10 each ($100 cost basis) and then earned 1 free token from staking, your 11 tokens still cost you $100 in total — average price drops to about $9.09. When you sell, more of the proceeds count as profit. This matches how brokers handle stock dividends paid in shares.
Stablecoins
If you transfer USDT or USDC into your portfolio without a recorded buy transaction, we use the current market price (~$1) as the cost basis. Otherwise stablecoins would look like a 100% gain on day one, which is misleading.