f733c11711
- Changed from LIMIT to TRIGGER_LIMIT for proper stop loss display - SL now shows correctly on Drift UI with trigger line - Added 0.5% buffer on limit price below trigger for safety - Widened default SL to -2% for safer testing - Tested and verified all 3 exit orders (TP1, TP2, SL) working
467 lines
15 KiB
TypeScript
467 lines
15 KiB
TypeScript
/**
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* Drift Order Execution
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*
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* Handles opening and closing positions with market orders
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*/
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import { getDriftService } from './client'
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import { getMarketConfig } from '../../config/trading'
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import BN from 'bn.js'
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import {
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MarketType,
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PositionDirection,
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OrderType,
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OrderParams,
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OrderTriggerCondition,
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} from '@drift-labs/sdk'
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export interface OpenPositionParams {
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symbol: string // e.g., 'SOL-PERP'
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direction: 'long' | 'short'
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sizeUSD: number // USD notional size
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slippageTolerance: number // Percentage (e.g., 1.0 for 1%)
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}
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export interface OpenPositionResult {
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success: boolean
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transactionSignature?: string
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fillPrice?: number
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fillSize?: number
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slippage?: number
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error?: string
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}
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export interface ClosePositionParams {
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symbol: string
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percentToClose: number // 0-100
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slippageTolerance: number
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}
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export interface ClosePositionResult {
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success: boolean
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transactionSignature?: string
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closePrice?: number
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closedSize?: number
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realizedPnL?: number
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error?: string
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}
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export interface PlaceExitOrdersResult {
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success: boolean
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signatures?: string[]
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error?: string
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}
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/**
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* Open a position with a market order
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*/
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export async function openPosition(
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params: OpenPositionParams
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): Promise<OpenPositionResult> {
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try {
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console.log('📊 Opening position:', params)
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const driftService = getDriftService()
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const marketConfig = getMarketConfig(params.symbol)
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const driftClient = driftService.getClient()
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// Get current oracle price
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const oraclePrice = await driftService.getOraclePrice(marketConfig.driftMarketIndex)
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console.log(`💰 Current ${params.symbol} price: $${oraclePrice.toFixed(4)}`)
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// Calculate position size in base asset
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const baseAssetSize = params.sizeUSD / oraclePrice
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// Validate minimum order size
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if (baseAssetSize < marketConfig.minOrderSize) {
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throw new Error(
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`Order size ${baseAssetSize.toFixed(4)} is below minimum ${marketConfig.minOrderSize}`
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)
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}
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// Calculate worst acceptable price (with slippage)
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const slippageMultiplier = params.direction === 'long'
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? 1 + (params.slippageTolerance / 100)
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: 1 - (params.slippageTolerance / 100)
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const worstPrice = oraclePrice * slippageMultiplier
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console.log(`📝 Order details:`)
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console.log(` Size: ${baseAssetSize.toFixed(4)} ${params.symbol.split('-')[0]}`)
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console.log(` Notional: $${params.sizeUSD.toFixed(2)}`)
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console.log(` Oracle price: $${oraclePrice.toFixed(4)}`)
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console.log(` Worst price (${params.slippageTolerance}% slippage): $${worstPrice.toFixed(4)}`)
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// Check DRY_RUN mode
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const isDryRun = process.env.DRY_RUN === 'true'
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if (isDryRun) {
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console.log('🧪 DRY RUN MODE: Simulating order (not executing on blockchain)')
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const mockTxSig = `DRY_RUN_${Date.now()}_${Math.random().toString(36).substring(7)}`
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return {
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success: true,
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transactionSignature: mockTxSig,
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fillPrice: oraclePrice,
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fillSize: baseAssetSize,
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slippage: 0,
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}
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}
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// Prepare order parameters - use simple structure like v3
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const orderParams = {
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orderType: OrderType.MARKET,
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marketIndex: marketConfig.driftMarketIndex,
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direction: params.direction === 'long'
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? PositionDirection.LONG
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: PositionDirection.SHORT,
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baseAssetAmount: new BN(Math.floor(baseAssetSize * 1e9)), // 9 decimals
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reduceOnly: false,
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}
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// Place market order using simple placePerpOrder (like v3)
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console.log('🚀 Placing REAL market order...')
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const txSig = await driftClient.placePerpOrder(orderParams)
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console.log(`✅ Order placed! Transaction: ${txSig}`)
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// Wait a moment for position to update
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console.log('⏳ Waiting for position to update...')
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await new Promise(resolve => setTimeout(resolve, 2000))
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// Get actual fill price from position (optional - may not be immediate in DRY_RUN)
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const position = await driftService.getPosition(marketConfig.driftMarketIndex)
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if (position && position.side !== 'none') {
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const fillPrice = position.entryPrice
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const slippage = Math.abs((fillPrice - oraclePrice) / oraclePrice) * 100
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console.log(`💰 Fill details:`)
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console.log(` Fill price: $${fillPrice.toFixed(4)}`)
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console.log(` Slippage: ${slippage.toFixed(3)}%`)
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return {
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success: true,
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transactionSignature: txSig,
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fillPrice,
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fillSize: baseAssetSize,
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slippage,
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}
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} else {
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// Position not found yet (may be DRY_RUN mode)
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console.log(`⚠️ Position not immediately visible (may be DRY_RUN mode)`)
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console.log(` Using oracle price as estimate: $${oraclePrice.toFixed(4)}`)
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return {
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success: true,
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transactionSignature: txSig,
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fillPrice: oraclePrice,
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fillSize: baseAssetSize,
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slippage: 0,
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}
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}
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} catch (error) {
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console.error('❌ Failed to open position:', error)
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return {
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success: false,
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error: error instanceof Error ? error.message : 'Unknown error',
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}
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}
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}
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/**
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* Place on-chain exit orders (reduce-only LIMIT orders) so TP/SL show up in Drift UI.
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* This places reduce-only LIMIT orders for TP1, TP2 and a stop-loss LIMIT order.
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* NOTE: For a safer, more aggressive stop you'd want a trigger-market order; here
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* we use reduce-only LIMIT orders to ensure they are visible in the UI and low-risk.
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*/
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export async function placeExitOrders(options: {
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symbol: string
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positionSizeUSD: number
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tp1Price: number
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tp2Price: number
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stopLossPrice: number
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tp1SizePercent: number // percent of position to close at TP1 (0-100)
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tp2SizePercent: number // percent of position to close at TP2 (0-100)
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direction: 'long' | 'short'
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}): Promise<PlaceExitOrdersResult> {
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try {
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console.log('🛡️ Placing exit orders on-chain:', options.symbol)
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const driftService = getDriftService()
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const driftClient = driftService.getClient()
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const marketConfig = getMarketConfig(options.symbol)
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const isDryRun = process.env.DRY_RUN === 'true'
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if (isDryRun) {
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console.log('🧪 DRY RUN: Simulating placement of exit orders')
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return {
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success: true,
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signatures: [
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`DRY_TP1_${Date.now()}`,
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`DRY_TP2_${Date.now()}`,
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`DRY_SL_${Date.now()}`,
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],
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}
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}
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const signatures: string[] = []
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// Helper to compute base asset amount from USD notional and price
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const usdToBase = (usd: number, price: number) => {
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const base = usd / price
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return Math.floor(base * 1e9) // 9 decimals expected by SDK
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}
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// Calculate sizes in USD for each TP
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const tp1USD = (options.positionSizeUSD * options.tp1SizePercent) / 100
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const tp2USD = (options.positionSizeUSD * options.tp2SizePercent) / 100
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// For orders that close a long, the order direction should be SHORT (sell)
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const orderDirection = options.direction === 'long' ? PositionDirection.SHORT : PositionDirection.LONG
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// Place TP1 LIMIT reduce-only
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if (tp1USD > 0) {
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const baseAmount = usdToBase(tp1USD, options.tp1Price)
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if (baseAmount >= Math.floor(marketConfig.minOrderSize * 1e9)) {
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const orderParams: any = {
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orderType: OrderType.LIMIT,
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marketIndex: marketConfig.driftMarketIndex,
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direction: orderDirection,
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baseAssetAmount: new BN(baseAmount),
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price: new BN(Math.floor(options.tp1Price * 1e6)), // price in 1e6
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reduceOnly: true,
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}
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console.log('🚧 Placing TP1 limit order (reduce-only)...')
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const sig = await (driftClient as any).placePerpOrder(orderParams)
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console.log('✅ TP1 order placed:', sig)
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signatures.push(sig)
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} else {
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console.log('⚠️ TP1 size below market min, skipping on-chain TP1')
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}
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}
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// Place TP2 LIMIT reduce-only
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if (tp2USD > 0) {
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const baseAmount = usdToBase(tp2USD, options.tp2Price)
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if (baseAmount >= Math.floor(marketConfig.minOrderSize * 1e9)) {
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const orderParams: any = {
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orderType: OrderType.LIMIT,
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marketIndex: marketConfig.driftMarketIndex,
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direction: orderDirection,
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baseAssetAmount: new BN(baseAmount),
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price: new BN(Math.floor(options.tp2Price * 1e6)),
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reduceOnly: true,
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}
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console.log('🚧 Placing TP2 limit order (reduce-only)...')
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const sig = await (driftClient as any).placePerpOrder(orderParams)
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console.log('✅ TP2 order placed:', sig)
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signatures.push(sig)
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} else {
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console.log('⚠️ TP2 size below market min, skipping on-chain TP2')
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}
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}
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// Place Stop-Loss as TRIGGER_LIMIT order (proper stop loss that shows on Drift UI)
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const slUSD = options.positionSizeUSD // place full-size SL
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const slBaseAmount = usdToBase(slUSD, options.stopLossPrice)
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if (slBaseAmount >= Math.floor(marketConfig.minOrderSize * 1e9)) {
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const orderParams: any = {
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orderType: OrderType.TRIGGER_LIMIT, // Use TRIGGER_LIMIT (not LIMIT with trigger)
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marketIndex: marketConfig.driftMarketIndex,
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direction: orderDirection,
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baseAssetAmount: new BN(slBaseAmount),
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triggerPrice: new BN(Math.floor(options.stopLossPrice * 1e6)), // trigger price
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price: new BN(Math.floor(options.stopLossPrice * 0.995 * 1e6)), // limit price slightly lower (0.5% buffer)
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triggerCondition: options.direction === 'long'
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? OrderTriggerCondition.BELOW // Long: trigger when price drops below
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: OrderTriggerCondition.ABOVE, // Short: trigger when price rises above
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reduceOnly: true,
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}
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console.log('🚧 Placing SL trigger-limit order (reduce-only)...')
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console.log(` Trigger: ${options.direction === 'long' ? 'BELOW' : 'ABOVE'} $${options.stopLossPrice.toFixed(4)}`)
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console.log(` Limit price: $${(options.stopLossPrice * 0.995).toFixed(4)}`)
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const sig = await (driftClient as any).placePerpOrder(orderParams)
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console.log('✅ SL trigger-limit order placed:', sig)
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signatures.push(sig)
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} else {
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console.log('⚠️ SL size below market min, skipping on-chain SL')
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}
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return { success: true, signatures }
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} catch (error) {
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console.error('❌ Failed to place exit orders:', error)
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return { success: false, error: error instanceof Error ? error.message : 'Unknown error' }
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}
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}
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/**
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* Close a position (partially or fully) with a market order
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*/
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export async function closePosition(
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params: ClosePositionParams
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): Promise<ClosePositionResult> {
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try {
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console.log('📊 Closing position:', params)
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const driftService = getDriftService()
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const marketConfig = getMarketConfig(params.symbol)
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const driftClient = driftService.getClient()
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// Get current position
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const position = await driftService.getPosition(marketConfig.driftMarketIndex)
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if (!position || position.side === 'none') {
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throw new Error(`No active position for ${params.symbol}`)
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}
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// Calculate size to close
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const sizeToClose = position.size * (params.percentToClose / 100)
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console.log(`📝 Close order details:`)
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console.log(` Current position: ${position.size.toFixed(4)} ${position.side}`)
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console.log(` Closing: ${params.percentToClose}% (${sizeToClose.toFixed(4)})`)
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console.log(` Entry price: $${position.entryPrice.toFixed(4)}`)
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console.log(` Unrealized P&L: $${position.unrealizedPnL.toFixed(2)}`)
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// Get current oracle price
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const oraclePrice = await driftService.getOraclePrice(marketConfig.driftMarketIndex)
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console.log(` Current price: $${oraclePrice.toFixed(4)}`)
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// Check DRY_RUN mode
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const isDryRun = process.env.DRY_RUN === 'true'
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if (isDryRun) {
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console.log('🧪 DRY RUN MODE: Simulating close order (not executing on blockchain)')
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// Calculate realized P&L
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const pnlPerUnit = oraclePrice - position.entryPrice
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const realizedPnL = pnlPerUnit * sizeToClose * (position.side === 'long' ? 1 : -1)
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const mockTxSig = `DRY_RUN_CLOSE_${Date.now()}_${Math.random().toString(36).substring(7)}`
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console.log(`💰 Simulated close:`)
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console.log(` Close price: $${oraclePrice.toFixed(4)}`)
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console.log(` Realized P&L: $${realizedPnL.toFixed(2)}`)
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return {
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success: true,
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transactionSignature: mockTxSig,
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closePrice: oraclePrice,
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closedSize: sizeToClose,
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realizedPnL,
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}
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}
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// Prepare close order (opposite direction) - use simple structure like v3
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const orderParams = {
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orderType: OrderType.MARKET,
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marketIndex: marketConfig.driftMarketIndex,
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direction: position.side === 'long'
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? PositionDirection.SHORT
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: PositionDirection.LONG,
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baseAssetAmount: new BN(Math.floor(sizeToClose * 1e9)), // 9 decimals
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reduceOnly: true, // Important: only close existing position
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}
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// Place market close order using simple placePerpOrder (like v3)
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console.log('🚀 Placing REAL market close order...')
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const txSig = await driftClient.placePerpOrder(orderParams)
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console.log(`✅ Close order placed! Transaction: ${txSig}`)
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// Wait for confirmation (transaction is likely already confirmed by placeAndTakePerpOrder)
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console.log('⏳ Waiting for transaction confirmation...')
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console.log('✅ Transaction confirmed')
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// Calculate realized P&L
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const pnlPerUnit = oraclePrice - position.entryPrice
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const realizedPnL = pnlPerUnit * sizeToClose * (position.side === 'long' ? 1 : -1)
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console.log(`💰 Close details:`)
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console.log(` Close price: $${oraclePrice.toFixed(4)}`)
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console.log(` Realized P&L: $${realizedPnL.toFixed(2)}`)
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return {
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success: true,
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transactionSignature: txSig,
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closePrice: oraclePrice,
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closedSize: sizeToClose,
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realizedPnL,
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}
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} catch (error) {
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console.error('❌ Failed to close position:', error)
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return {
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success: false,
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error: error instanceof Error ? error.message : 'Unknown error',
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}
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}
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}
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/**
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* Close entire position for a market
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*/
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export async function closeEntirePosition(
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symbol: string,
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slippageTolerance: number = 1.0
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): Promise<ClosePositionResult> {
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return closePosition({
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symbol,
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percentToClose: 100,
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slippageTolerance,
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})
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}
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/**
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* Emergency close all positions
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*/
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export async function emergencyCloseAll(): Promise<{
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success: boolean
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results: Array<{
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symbol: string
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result: ClosePositionResult
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}>
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}> {
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console.log('🚨 EMERGENCY: Closing all positions')
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try {
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const driftService = getDriftService()
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const positions = await driftService.getAllPositions()
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if (positions.length === 0) {
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console.log('✅ No positions to close')
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return { success: true, results: [] }
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}
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const results = []
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for (const position of positions) {
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console.log(`🔴 Emergency closing ${position.symbol}...`)
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const result = await closeEntirePosition(position.symbol, 2.0) // Allow 2% slippage
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results.push({
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symbol: position.symbol,
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result,
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})
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}
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console.log('✅ Emergency close complete')
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return {
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success: true,
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results,
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}
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} catch (error) {
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console.error('❌ Emergency close failed:', error)
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return {
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success: false,
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results: [],
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}
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}
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}
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