Average cost is the notional value of crypto assets you’ve purchased or got rewarded on Robinhood divided by the total volume of crypto assets you’ve purchased or got rewarded on Robinhood. It changes based on sell orders because crypto sold is excluded from this number. It also takes into account the cost basis of the tax lots bought or sold.

Average cost = Notional value of crypto purchased and rewarded​ ÷ total quantity of crypto purchased and rewarded

It includes:

• The notional value of crypto purchased at the time of each transaction
• The value of crypto rewards at the time of receipt

It excludes:

• Crypto deposited
• Crypto sold
• Any fees paid

Your average cost is a reference for your estimated unrealized gains and losses. It shouldn’t be used for tax purposes.

Cost basis Typically, cost basis is the amount that you paid when buying an asset or the value determined at the time of receipt or transaction. Received crypto will use a cost basis at fair market value calculated at the time of receipt or redemption for tax purposes.

Fair market value (FMV) Fair market value is the price at which an asset would change hands between a willing buyer and a willing seller.

Total return Refers to how much your holdings have gained or lost since the day they were added to your portfolio. It’s calculated as the difference between the current value of your crypto holdings and their average cost.

Total return = Quantity held x (mid price - average cost)

Today’s return Today’s return measures the return that your holdings produce over a 24-hour cycle between 12:01 AM-12 AM. The starting value is set using your quantity held and the mid price at 12:00 AM the evening before.

Today’s return = Quantity held at 12 AM x (mid price - opening price) + quantity purchased or rewarded today x (mid price - average cost of crypto purchased or rewarded today)