QuantumPools · Deep diveFill Price

LP education · what price you traded at

Your range is a slow-motion order

“Price ran through my range. What price did I actually sell my DELL at?”

The short version

$1,000 at price 100 in an 80–125 range: price runs past 125, your 5 DELL sell at an average of $111.80, and you hold $1,059.02 in USDG.

average fill price = √(start price × stop price) where price starts × where it stops · key variable: your edge, the stop if price runs past running up past your top edge: √(100 × 125) = $111.80
Illustrative prices · fees left out

1 · See it

Watch your DELL turn into USDG

As price rises through your range, the pool sells your DELL a little at a time; as it falls, it buys back. Drag to 110: you've sold 2.2040 DELL at an average of $104.88.

Traded so far
Nothing yet
Drag the price →
Position
$1,000.00
Just holding $1,000.00
In range · earning your share of fees
The blue stretch is what you've traded; the diamond is your average price.

2 · The order

It sells like an order spread across every price

Table view
PriceDELL sold so far, at average
1051.1414 at $102.47
1102.2040 at $104.88
1183.7616 at $108.63
125+5 at $111.80
Each step up sells a little more, and your average climbs toward $111.80.

3 · The formula

The average is the geometric middle

Price started at 100, not your 80 edge, so the stretch it crossed is 100 to 125: √(100 × 125) = $111.80.

Number line from 100 to 125. Your average fill $111.80 (diamond) sits just under the plain midpoint $112.50 (circle) and well under one order at the top, $125.00 (square). 100125 plain midpoint $112.50 one order at the top $125.00 your average $111.80 √(100 × 125)
You sell more DELL near the bottom of the stretch, so your average leans low.

4 · Past an edge

A ceiling above, a floor below

Past 125 you sit flat at $1,059.02 while holding keeps climbing. Below 80 you hold 10.5902 DELL: your 5 plus 5.5902 bought at $89.44 on average.

Your position Just holding Gap vs just holding
Table view
PriceYour positionJust holding
70$741.31$850.00
80$847.21$900.00
125$1,059.02$1,125.00
140$1,059.02$1,200.00
One token past each edge: a flat ceiling, a falling floor.
That gap is impermanent loss → IL explained Split it from the market's part → Three-part result

5 · One token

One-token deposits are orders that wait

Deposit only USDG and it sits in a one-sided range just below price: 83.53–98.02 at the app's starting width (17.35%). Fall through it all and you buy 11.0515 DELL at $90.49 on average. It earns nothing until price enters it.

Price never arrives: a one-sided range from 83.53 to 98.02 sits just below the price at 100, still holding 1,000 USDG. It earns nothing yet. 1,000 USDG 83.5398.02 price 100 DELL price, illustrative
1,000 USDG · earns nothing yet one-sided · nothing swapped
One-token deposits → Core Concepts

6 · The snuggle

A snuggle sets your next fill price

Run to 130 and a snuggle places your 1,059.02 USDG at 81.55–127.43, just below price.

Snuggle at a spike top of 160 and you rebuy near $125.46, unless your delay, or the 30-minute average check, outlasts the spike.

Back at 100 · computed from the edges shown · no fees · illustrative

Table view
CaseRebought by 100Back at 100
No snuggle—$1,000.00
Snuggled at 1305.3534 DELL at $112.88$990.04
Snuggled at 1608.4409 DELL at $125.46$844.09
Your delay decides whether a spike top sets your rebuy price.
Set your delay → Configuration

Worked example

Two fills, worked out

$1,000 at 100 in 80–125: L = 473.6068, so 5.0000 DELL + 500.00 USDG. Illustrative, not a promise.

Snuggle at 130

1,059.02 USDG → 81.55–127.43
back at 100: 5.3534 DELL
at √(100 × 127.43) = $112.88
position $990.04
full fall: 10.3886 DELL at $101.94

One token, falls through

1,000 USDG → 83.53–98.02
fill √(83.53 × 98.02) = $90.49
11.0515 DELL = $923.13 at 83.53

7 · Try it

Try it with your own edges

Pick edges like order prices and see your average fill.

Sell price if price runs past your top
$111.80
→ 1,059.02 USDG · plain midpoint $112.50
Buy price if price falls through
$89.44
→ 10.5902 DELL
You hold now
2.7960 DELL
+ 731.16 USDG
Position now
$1,038.72
If you'd held what went in $1,050.00
Sold so far
2.2040 DELL
at an average of $104.88

Trading fees left out; they add to you.

Honest limits

A lens for edges, not a forecast

Useful for

  • Knowing your average price once price crosses.
  • Choosing edges like order prices.
  • Seeing why a spike-top snuggle rebuys high.

Not for

  • Forecasting: price may never cross.
  • Fees and QuantumPools' 15% are left out.
  • Exact edges: real ones snap to 200-tick rungs.

What to do with this

You can read any range as an order: edges in, average price out.

Before you set edges, ask: would I be happy selling at √(price × top edge)? That's your average if price runs.

Watch a snuggle
The basics How a range works → Core Concepts Next up Up or down? Your result in three parts →

Educational content, not financial advice. Providing liquidity can lose money; nothing here promises returns.