feat: Find price impact of swap

project-serum · Sep 26, 2021 · 83e1f74 · 83e1f74
1 parent 3f213aa
commit 83e1f74
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Showing 2 changed files with 68 additions and 15 deletions.
diff --git a/src/components/Info.tsx b/src/components/Info.tsx
@@ -11,7 +11,12 @@ import { PublicKey } from "@solana/web3.js";
 import { useTokenMap } from "../context/TokenList";
 import { useSwapContext, useSwapFair } from "../context/Swap";
 import { useMint } from "../context/Token";
-import { useRoute, useMarketName, useBbo } from "../context/Dex";
+import {
+  useRoute,
+  useMarketName,
+  useBbo,
+  usePriceImpact,
+} from "../context/Dex";
 
 const useStyles = makeStyles(() => ({
   infoLabel: {
@@ -39,21 +44,40 @@ export function InfoLabel() {
   let fromTokenInfo = tokenMap.get(fromMint.toString());
   let toTokenInfo = tokenMap.get(toMint.toString());
 
+  // Use last route item to find impact
+  const route = useRoute(fromMint, toMint);
+  const impact = usePriceImpact(route?.at(-1));
+
   return (
-    <div className={styles.infoLabel}>
-      <Typography color="textSecondary" style={{ fontSize: "14px" }}>
-        {fair !== undefined && toTokenInfo && fromTokenInfo
-          ? `1 ${toTokenInfo.symbol} = ${fair.toFixed(
-              fromMintInfo?.decimals
-            )} ${fromTokenInfo.symbol}`
-          : `-`}
-      </Typography>
-      <InfoButton />
-    </div>
+    <>
+      <div className={styles.infoLabel}>
+        <Typography color="textSecondary" style={{ fontSize: "14px" }}>
+          {fair !== undefined && toTokenInfo && fromTokenInfo
+            ? `1 ${toTokenInfo.symbol} = ${fair.toFixed(
+                fromMintInfo?.decimals
+              )} ${fromTokenInfo.symbol}`
+            : `-`}
+        </Typography>
+        <InfoButton route={route} />
+      </div>
+
+      <div className={styles.infoLabel}>
+        <Typography color="textSecondary" style={{ fontSize: "14px" }}>
+          Price impact:&nbsp;
+        </Typography>
+        <Typography
+          style={{ fontSize: "14px", fontWeight: 500 }}
+          display="inline"
+          color={(impact ?? 0) > 10 ? "error" : "primary"}
+        >
+          {impact?.toFixed(2)}%
+        </Typography>
+      </div>
+    </>
   );
 }
 
-function InfoButton() {
+function InfoButton({ route }: { route: PublicKey[] | null }) {
   const styles = useStyles();
   return (
     <PopupState variant="popover">
@@ -80,7 +104,7 @@ function InfoButton() {
               PaperProps={{ style: { borderRadius: "10px" } }}
               disableRestoreFocus
             >
-              <InfoDetails />
+              <InfoDetails route={route} />
             </Popover>
           </div>
         )
@@ -89,9 +113,8 @@ function InfoButton() {
   );
 }
 
-function InfoDetails() {
+function InfoDetails({ route }: { route: PublicKey[] | null }) {
   const { fromMint, toMint } = useSwapContext();
-  const route = useRoute(fromMint, toMint);
   const tokenMap = useTokenMap();
   const fromMintTicker = tokenMap.get(fromMint.toString())?.symbol;
   const toMintTicker = tokenMap.get(toMint.toString())?.symbol;

diff --git a/src/context/Dex.tsx b/src/context/Dex.tsx
@@ -26,6 +26,7 @@ import {
 import { useTokenMap, useTokenListContext } from "./TokenList";
 import { fetchSolletInfo, requestWormholeSwapMarketIfNeeded } from "./Sollet";
 import { setMintCache } from "./Token";
+import { useSwapContext } from "./Swap";
 
 const BASE_TAKER_FEE_BPS = 0.0022;
 export const FEE_MULTIPLIER = 1 - BASE_TAKER_FEE_BPS;
@@ -350,6 +351,35 @@ export function useMarketName(market: PublicKey): string | null {
   return name;
 }
 
+// TODO handle edge case of insufficient liquidity
+export function usePriceImpact(market?: PublicKey): number | undefined {
+  const { toAmount, toMint } = useSwapContext();
+  const orderbook = useOrderbook(market);
+  if (orderbook === undefined) {
+    return undefined;
+  }
+  const orders = toMint.equals(orderbook.bids.market.baseMintAddress)
+    ? orderbook.asks.items(false)
+    : orderbook.bids.items(true);
+
+  let remainingAmount = toAmount;
+  let order = orders.next();
+  const initialPrice = order.value.price;
+  let priceAfterOrder = initialPrice;
+
+  while (!order.done && remainingAmount > 0) {
+    priceAfterOrder = order.value.price;
+    remainingAmount =
+      remainingAmount > order.value.size
+        ? remainingAmount - order.value.size
+        : 0;
+    order = orders.next();
+  }
+
+  const priceChange = Math.abs(initialPrice - priceAfterOrder);
+  const impact = (priceChange * 100) / initialPrice;
+  return impact;
+}
 // Fair price for a given market, as defined by the mid.
 export function useBbo(market?: PublicKey): Bbo | undefined {
   const orderbook = useOrderbook(market);