# Terminology

<table><thead><tr><th width="131">Terminology</th><th>Definition</th><th data-hidden>Calculation</th></tr></thead><tbody><tr><td>total return</td><td>The net realized absolute return for the period of time selected</td><td></td></tr><tr><td>NAV per USDi</td><td>The current value of one USDi unit based on total assets</td><td></td></tr><tr><td>Cumulative Interest</td><td>The total interest earned and paid out to date</td><td></td></tr><tr><td>30-Day Interest</td><td>The estimated interest you will earn over the next 30 days</td><td></td></tr><tr><td>30 Day APY</td><td>The annual percentage yield calculated based on the past 30 days' performance</td><td></td></tr><tr><td>90 Day APY</td><td>The annual percentage yield calculated based on the past 90 days' performance</td><td></td></tr><tr><td>Implied APY</td><td>The estimated annual percentage yield based on current rates</td><td></td></tr><tr><td>Implied 30 Days Earnings</td><td>The estimated total earnings for the protocol over the next 30 days</td><td></td></tr><tr><td>Net Exposure Value</td><td>The total value of unhedged assets</td><td></td></tr><tr><td>TVL</td><td>Current total value of all assets under management.</td><td></td></tr><tr><td>30 Day Net Earnings</td><td>The total actual earnings achieved over the past 30 days</td><td></td></tr><tr><td>Portfolio</td><td>Buy and Sell trading pair for funding rate arbitrage</td><td></td></tr><tr><td>Latest funding rate</td><td>The annual percentage yield calculated based on the next funding fees</td><td></td></tr><tr><td>previous funding APY</td><td>The annual percentage yield calculated based on the latest funding fees</td><td></td></tr><tr><td>3 Day Cum Funding APY</td><td>The annual percentage yield calculated based on the past 3 days funding fees</td><td></td></tr><tr><td>7 Day Cum Fudding APY</td><td>The annual percentage yield calculated based on the past 7 days funding fees</td><td></td></tr><tr><td>30 Day Cum Funding APY</td><td>The annual percentage yield calculated based on the past 30 days funding fees</td><td></td></tr><tr><td>Total Assets Value</td><td>Current total value of all managed assets</td><td></td></tr></tbody></table>