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markets

This module provides utilities for working with GMX markets, including market naming, pricing, liquidity calculations, and PnL computations. It handles market metadata, pool calculations, leverage limits, and various market-related operations.

Methods​

The markets utility module exports functions organized into six categories: display names, prices and PnL, liquidity and open interest, market classification, leverage, and data assembly.

Market display names​

getMarketFullName​

getMarketFullName(p: { longToken: Token; shortToken: Token; indexToken: Token; isSpotOnly: boolean }): string

Returns the full display name of a market combining the index name and pool name.

import { getMarketFullName } from "@gmx-io/sdk/utils/markets";

const fullName = getMarketFullName({
  longToken: ethToken,
  shortToken: usdcToken,
  indexToken: ethToken,
  isSpotOnly: false,
});
// "ETH/USD [ETH-USDC]"

getMarketIndexName​

getMarketIndexName(p: ({ indexToken: Token } | { glvToken: Token }) & { isSpotOnly: boolean }): string

Returns the index name portion of a market name (for example, "ETH/USD" or "SWAP-ONLY").

getMarketBaseName​

getMarketBaseName(p: ({ indexToken: Token } | { glvToken: Token }) & { isSpotOnly: boolean }): string

Returns the base token name from a market (for example, "ETH").

getMarketPoolName​

getMarketPoolName(p: { longToken: Token; shortToken: Token }, separator?: string): string

Returns the pool name combining long and short token symbols. Default separator is "-".

import { getMarketPoolName } from "@gmx-io/sdk/utils/markets";

getMarketPoolName({ longToken: ethToken, shortToken: usdcToken }); // "ETH-USDC"
getMarketPoolName({ longToken: ethToken, shortToken: usdcToken }, "/"); // "ETH/USDC"

getMarketAddressByName​

getMarketAddressByName(marketsInfoData: MarketsInfoData, name: string): string | undefined

Looks up a market token address by its full name string (for example, "ETH/USD [WETH-USDC]"). Returns undefined if not found.

Prices and PnL​

getContractMarketPrices​

getContractMarketPrices(tokensData: TokensData, market: Market): ContractMarketPrices | undefined

Returns contract-formatted prices for market tokens, or undefined if token price data is missing.

import { getContractMarketPrices } from "@gmx-io/sdk/utils/markets";

const contractPrices = getContractMarketPrices(tokensData, market);
if (contractPrices) {
  console.log(contractPrices.indexTokenPrice);
}

getPriceForPnl​

getPriceForPnl(prices: TokenPrices, isLong: boolean, maximize: boolean): bigint

Returns the appropriate price (min or max) for PnL calculations based on position direction.

getMarketPnl​

getMarketPnl(marketInfo: MarketInfo, isLong: boolean, forMaxPoolValue: boolean): bigint

Returns the aggregate PnL for the long or short side of a market.

getMarket24Stats​

getMarket24Stats(dayPriceCandle: DayPriceCandle): { open24h, high24h, low24h, close24h, priceChange24h, priceChangePercent24hBps }

Computes 24-hour OHLC stats and price change in basis points from a day price candle.

getMarketTicker​

getMarketTicker(marketInfo: MarketInfo, dayPriceCandle: DayPriceCandle): MarketTicker

Returns a comprehensive market ticker including prices, open interest, liquidity, funding rates, and borrowing rates.

Liquidity and open interest​

getPoolUsdWithoutPnl​

getPoolUsdWithoutPnl(marketInfo: MarketInfo, isLong: boolean, priceType: "minPrice" | "maxPrice" | "midPrice"): bigint

Returns the USD value of the long or short pool excluding PnL.

getCappedPoolPnl​

getCappedPoolPnl(p: { marketInfo: MarketInfo; poolUsd: bigint; poolPnl: bigint; isLong: boolean }): bigint

Returns the pool PnL capped at the market's maximum allowed PnL ratio.

getAvailableUsdLiquidityForCollateral​

getAvailableUsdLiquidityForCollateral(marketInfo: MarketInfo, isLong: boolean): bigint

Returns available USD liquidity for collateral on the specified side.

getReservedUsd​

getReservedUsd(marketInfo: MarketInfo, isLong: boolean): bigint

Returns the reserved USD amount for the long or short side.

getOpenInterestUsd​

getOpenInterestUsd(marketInfo: MarketInfo, isLong: boolean): bigint

Returns the open interest in USD for the long or short side.

getOpenInterestInTokens​

getOpenInterestInTokens(marketInfo: MarketInfo, isLong: boolean): bigint

Returns the open interest in tokens for the long or short side.

getOpenInterestForBalance​

getOpenInterestForBalance(marketInfo: MarketInfo, isLong: boolean): bigint

Returns the open interest used for balance calculations. Uses token-denominated interest converted to USD when useOpenInterestInTokensForBalance is set.

getOiUsdFromRawValues​

getOiUsdFromRawValues(rawValues: { longInterestUsingLongToken, longInterestUsingShortToken, shortInterestUsingLongToken, shortInterestUsingShortToken }, marketDivisor: bigint): { longInterestUsd, shortInterestUsd }

Computes aggregate long/short USD open interest from raw on-chain split values, applying the market divisor.

getOiInTokensFromRawValues​

getOiInTokensFromRawValues(rawValues: {...}, marketDivisor: bigint): { longInterestInTokens, shortInterestInTokens }

Computes aggregate long/short token open interest from raw on-chain split values.

Market classification and config​

getTokenPoolType​

getTokenPoolType(marketInfo: { longToken: Token; shortToken: Token }, tokenAddress: string): "long" | "short" | undefined

Returns whether a token belongs to the "long" or "short" pool in a market.

getMarketDivisor​

getMarketDivisor({ longTokenAddress, shortTokenAddress }): bigint

Returns 2n for single-collateral markets (same long/short token) and 1n for two-token markets.

getOppositeCollateral​

getOppositeCollateral(marketInfo: MarketInfo, tokenAddress: string): Token | undefined

Returns the opposite collateral token for a given token in a market.

getOppositeCollateralFromConfig​

getOppositeCollateralFromConfig(marketConfig: ConfigMarketConfig, tokenAddress: string): string

Like getOppositeCollateral but works on the config object (addresses only, no hydrated token data).

getIsMarketAvailableForExpressSwaps​

getIsMarketAvailableForExpressSwaps(marketInfo: MarketInfo): boolean

Returns true if all three market tokens (index, long, short) have a price feed provider, enabling express swaps.

Leverage​

getMaxLeverageByMinCollateralFactor​

getMaxLeverageByMinCollateralFactor(minCollateralFactor: bigint | undefined): number

Returns the theoretical maximum leverage (as a basis-point integer) from the minimum collateral factor.

getMaxAllowedLeverageByMinCollateralFactor​

getMaxAllowedLeverageByMinCollateralFactor(minCollateralFactor: bigint | undefined): number

Returns the maximum allowed leverage as a basis-point integer. For most markets, this is half the theoretical maximum from getMaxLeverageByMinCollateralFactor. RWA and commodity markets (GOLD/USD, SILVER/USD, WTIOIL/USD, BRENTOIL/USD, NATGAS/USD) use hardcoded overrides based on trading hours. See RWA and commodity markets for the per-market on-hours and off-hours max leverage values.

getMarketWithTiers​

getMarketWithTiers(marketInfo: MarketInfo, constants: { minCollateralUsd, minPositionSizeUsd }): MarketWithTiers

Returns a MarketWithTiers object including leverage tiers and size limits, used for market listing displays.

Market data assembly​

These functions assemble market data from raw on-chain responses. Typically used internally by the SDK client rather than called directly.

composeRawMarketInfo​

composeRawMarketInfo({ market, marketValues, marketConfig, marketsConstants }): RawMarketInfo

Merges on-chain market values, config, and constants into a RawMarketInfo record.

composeRawMarketsInfoData​

composeRawMarketsInfoData({ marketsAddresses, marketValues, marketConfigs, marketsConstants }): RawMarketsInfoData

Composes a full RawMarketsInfoData map for multiple markets.

hydrateMarketInfo​

hydrateMarketInfo({ chainId, rawMarketInfo, tokensData, claimableFundingData? }): MarketInfo | undefined

Hydrates a RawMarketInfo into a full MarketInfo by resolving token addresses to Token objects. Returns undefined if any token is missing from tokensData.

composeFullMarketsInfoData​

composeFullMarketsInfoData({ chainId, marketsAddresses, rawMarketsInfoData, tokensData, claimableFundingData? }): MarketsInfoData

Hydrates a full RawMarketsInfoData map into MarketsInfoData.

API data fetching​

fetchApiMarketsInfo​

fetchApiMarketsInfo(ctx: { api: IHttp }): Promise<RawMarketInfo[]>

Fetches raw market info records from the GMX API.

fetchApiTokensData​

fetchApiTokensData(ctx: { api: IHttp }): Promise<TokenData[]>

Fetches token data from the GMX API.

Multicall helpers​

These functions build and parse multicall requests for on-chain market data. They are used internally by the SDK.

buildClaimableFundingDataRequest​

Builds a multicall request for claimable funding data for a given account and set of markets.

buildMarketsValuesRequest​

Builds a multicall request for market values (pool amounts, open interest, PnL, and borrowing fees) for a set of markets.

parseMarketsValuesResponse​

Parses the multicall response from buildMarketsValuesRequest into MarketsValuesData.

buildMarketsConfigsRequest​

Builds a multicall request for market configurations (fees, impact factors, and borrowing rate parameters) for a set of markets.

parseMarketsConfigsResponse​

Parses the multicall response from buildMarketsConfigsRequest into MarketsConfigsData.

Hash key helpers (from hashKeys.ts)​

Used internally for building multicall key hashes.

hashMarketConfigKeys​

hashMarketConfigKeys(market: MarketConfigInput): MarketConfigKeysHash

hashMarketValuesKeys​

hashMarketValuesKeys(market: MarketConfigInput): MarketValuesKeysHash

hashKinkModelKeys​

hashKinkModelKeys(marketAddress: string): KinkModelKeysHash