Price-from-id

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Get Price From Bin Id

In v2.2 each bin holds the liquidity of the pair for a specific price range. Thus, it is possible to link a certain bin to a price by using the id of the underlying bin. We provide examples to get the price from a binId.

Conversion Functions

In order to link a binId to a price it is necessary to know the binStep of the underlying pair. Here is the conversion logic.

function getPriceFromId(binId: number, binStep: number): number {
  /**
   * Convert a binId to the underlying price.
   *
   * @param binId - Bin Id.
   * @param binStep - binStep of the pair.
   * @return Price of the bin.
   */

  return (1 + binStep / 10_000) ** (binId - 8388608);
}

def getPriceFromId(binId: int, binStep: int) -> float:
    """
    Convert a binId to the underlying price.

    :param binId: Bin Id.
    :param binStep: BinStep of the pair.
    :return: Price of the bin.
    """

    return (1 + binStep / 10_000) ** (binId - 8388608)

Example

Here is an example to illustrate the conversion function with the sSEI / SEI pair which has a binStep of 5. We choose here a binId equal to 8388755. Price returned doesn't need to be adjusted, as both tokens have 18 decimals.

getPriceFromId(8388755, 5)
>>> 1.0762487670087693

For second example, let's take BTC.b/USDC pair which has a binStep of 10. We choose binId equal to 8394314.

getPriceFromId(8394314, 10)
>>> 299.80998797504674

$$priceAdjusted = price\cdot 10^{(\text{decimalsX} - \text{decimalsY})}$$

$$priceAdjusted = 299.80 \cdot 10^{(\text{8} - \text{6})} = 29800$$