Struct levana_perpswap_cosmos_msg::contracts::market::position::Position

pub struct Position {

    pub owner: Addr,
    pub id: PositionId,
    pub deposit_collateral: SignedCollateralAndUsd,
    pub active_collateral: NonZero<Collateral>,
    pub counter_collateral: NonZero<Collateral>,
    pub notional_size: Signed<Notional>,
    pub created_at: Timestamp,
    pub price_point_created_at: Option<Timestamp>,
    pub trading_fee: CollateralAndUsd,
    pub funding_fee: SignedCollateralAndUsd,
    pub borrow_fee: CollateralAndUsd,
    pub crank_fee: CollateralAndUsd,
    pub delta_neutrality_fee: SignedCollateralAndUsd,
    pub liquifunded_at: Timestamp,
    pub next_liquifunding: Timestamp,
    pub stop_loss_override: Option<PriceBaseInQuote>,
    pub stop_loss_override_notional: Option<Price>,
    pub liquidation_price: Option<Price>,
    pub liquidation_margin: LiquidationMargin,
    pub take_profit_trader: Option<TakeProfitTrader>,
    pub take_profit_trader_notional: Option<Price>,
    pub take_profit_total: Option<Price>,
}

The position itself

Fields

owner: Addr

Owner of the position

id: PositionId

Unique identifier for a position

deposit_collateral: SignedCollateralAndUsd

The amount of collateral deposited by the trader to create this position.

It would seem like the type here should be NonZero<Collateral>. However, due to updates, this isn’t accurate. It’s possible for someone to update a position and withdraw more collateral than the original deposit.

active_collateral: NonZero<Collateral>

Active collateral for the position

As a position stays open, we liquifund to realize price exposure and take fees. This is the current trader-side collateral after those steps.

counter_collateral: NonZero<Collateral>

Collateral owned by the liquidity pool that is locked in this position.

notional_size: Signed<Notional>

This is signed, where negative represents a short and positive is a long

created_at: Timestamp

When the position was created, in terms of block time.

price_point_created_at: Option<Timestamp>

Price point timestamp of the crank that created this position.

This field is only used since deferred execution, before that it is None.

trading_fee: CollateralAndUsd

The one-time fee paid when opening or updating a position

this value is the current balance, including all updates

funding_fee: SignedCollateralAndUsd

The ongoing fee paid (and earned!) between positions to incentivize keeping longs and shorts in balance which in turn reduces risk for LPs

This value is the current balance, not a historical record of each payment

borrow_fee: CollateralAndUsd

The ongoing fee paid to LPs to lock up their deposit as counter-size collateral in this position

This value is the current balance, not a historical record of each payment

crank_fee: CollateralAndUsd

Total crank fees paid

delta_neutrality_fee: SignedCollateralAndUsd

Cumulative amount of delta neutrality fees paid by (or received by) the position.

Positive == outgoing, negative == incoming, like funding_fee.

liquifunded_at: Timestamp

Last time the position was liquifunded.

For newly opened positions, this is the same as the creation time.

next_liquifunding: Timestamp

When is our next scheduled liquifunding?

The crank will automatically liquifund this position once this timestamp has passed. Additionally, liquifunding may be triggered by updating the position.

stop_loss_override: Option<PriceBaseInQuote>

A trader specified price at which the position will be liquidated

stop_loss_override_notional: Option<Price>

Stored separately to ensure there are no rounding errors, since we need precise binary equivalence for lookups.

liquidation_price: Option<Price>

The most recently calculated liquidation price

liquidation_margin: LiquidationMargin

The amount of liquidation margin set aside

take_profit_trader: Option<TakeProfitTrader>

The take profit value set by the trader in a message. For historical reasons, this value can be optional if the user provided a max gains price.

take_profit_trader_notional: Option<Price>

Derived directly from take_profit_trader to get the PriceNotionalInCollateral representation. This will be None if take_profit_trader is infinite. For historical reasons, this value will also be None if the user provided a max gains price. Stored separately to ensure there are no rounding errors, since we need precise binary equivalence for lookups.

take_profit_total: Option<Price>

The most recently calculated price at which the trader will achieve maximum gains and take all counter collateral. This is the notional price, not the base price, to avoid rounding errors

Implementations

impl Position

pub fn direction(&self) -> DirectionToNotional

Direction of the position

pub fn max_gains_in_quote( &self, market_type: MarketType, price_point: &PricePoint ) -> Result<MaxGainsInQuote>

Maximum gains for the position

pub fn active_leverage_to_notional( &self, price_point: &PricePoint ) -> SignedLeverageToNotional

Compute the internal leverage active collateral.

pub fn counter_leverage_to_notional( &self, price_point: &PricePoint ) -> SignedLeverageToNotional

Compute the internal leverage for the counter collateral.

pub fn notional_size_in_collateral( &self, price_point: &PricePoint ) -> Signed<Collateral>

Convert the notional size into collateral at the given price point.

pub fn position_size_base( &self, market_type: MarketType, price_point: &PricePoint ) -> Result<Signed<Base>>

Calculate the size of the position in terms of the base asset.

This represents what the users’ perception of their position is, and needs to take into account the off-by-one leverage impact of collateral-is-base markets.

pub fn pnl_in_collateral(&self) -> Result<Signed<Collateral>>

Calculate the PnL of this position in terms of the collateral.

pub fn pnl_in_usd(&self, price_point: &PricePoint) -> Result<Signed<Usd>>

Calculate the PnL of this position in terms of USD.

Note that this is not equivalent to converting the collateral PnL into USD, since we follow a cost basis model in this function, tracking the price of the collateral asset in terms of USD for each transaction.

pub fn liquidation_margin( &self, price_point: &PricePoint, config: &Config ) -> Result<LiquidationMargin>

Computes the liquidation margin for the position

Takes the price point of the last liquifunding.

pub fn liquidation_price( &self, price: Price, active_collateral: NonZero<Collateral>, liquidation_margin: &LiquidationMargin ) -> Option<Price>

Computes the liquidation price for the position at a given spot price.

pub fn take_profit_price_total( &self, price_point: &PricePoint, market_type: MarketType ) -> Result<Option<Price>>

Computes the take-profit price for the position at a given spot price.

pub fn add_delta_neutrality_fee( &mut self, amount: Signed<Collateral>, price_point: &PricePoint ) -> Result<()>

Add a new delta neutrality fee to the position.

pub fn get_price_exposure( &self, start_price: Price, end_price: PricePoint ) -> Result<Signed<Collateral>>

Get the price exposure for a given price movement.

pub fn settle_price_exposure( self, start_price: Price, end_price: PricePoint, liquidation_margin: Collateral ) -> Result<(MaybeClosedPosition, Signed<Collateral>)>

Apply a price change to this position.

This will determine the exposure (positive == to trader, negative == to liquidity pool) impact and return whether the position can remain open or instructions to close it.

pub fn into_query_response_extrapolate_exposure( self, start_price: PricePoint, end_price: PricePoint, entry_price: Price, market_type: MarketType, dnf_on_close_collateral: Signed<Collateral> ) -> Result<PositionOrPendingClose>

Convert a position into a query response, calculating price exposure impact.

pub fn into_query_response( self, end_price: PricePoint, entry_price: Price, market_type: MarketType, dnf_on_close_collateral: Signed<Collateral> ) -> Result<PositionQueryResponse>

Convert into a query response, without calculating price exposure impact.

pub fn attributes(&self) -> Vec<(&'static str, String)>

Attributes for a position which can be emitted in events.

Trait Implementations

impl Clone for Position

fn clone(&self) -> Position

Returns a copy of the value.

fn clone_from(&mut self, source: &Self)

Performs copy-assignment from source.

impl Debug for Position

fn fmt(&self, f: &mut Formatter<'_>) -> Result

Formats the value using the given formatter.

impl<'de> Deserialize<'de> for Position

fn deserialize<__D>(__deserializer: __D) -> Result<Self, __D::Error>where __D: Deserializer<'de>,

Deserialize this value from the given Serde deserializer.

impl From<MaybeClosedPosition> for Position

fn from(maybe_closed: MaybeClosedPosition) -> Self

Converts to this type from the input type.

impl PartialEq for Position

fn eq(&self, other: &Position) -> bool

This method tests for self and other values to be equal, and is used by ==.

fn ne(&self, other: &Rhs) -> bool

This method tests for !=. The default implementation is almost always sufficient, and should not be overridden without very good reason.

impl Serialize for Position

fn serialize<__S>(&self, __serializer: __S) -> Result<__S::Ok, __S::Error>where __S: Serializer,

Serialize this value into the given Serde serializer.

impl Eq for Position

impl StructuralEq for Position

impl StructuralPartialEq for Position