A downhole tool operable to pump a volume of contaminated fluid from a subterranean formation during an elapsed pumping time while obtaining in-situ, real-time data associated with the contaminated fluid. The contaminated fluid includes native formation fluid and oil-based mud (OBM) filtrate. A shrinkage factor of the contaminated fluid is determined based on the in-situ, real-time data. The contaminated fluid shrinkage factor is fit relative to pumped volume or pumping time to obtain a function relating the shrinkage factor with pumped volume or elapsed pumping time. A shrinkage factor of the native formation fluid is determined based on the function. A shrinkage factor of the OBM filtrate is also determined. OBM filtrate volume percentage is determined based on the shrinkage factor of the native formation fluid and the shrinkage factor of the OBM filtrate.