> ## Documentation Index
> Fetch the complete documentation index at: https://docs.exponent.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# LP Pricing

> Price Senior and Junior LP tokens from effective NAV

LP price is based on effective NAV, not raw token balance. Use [LP price helpers](/developer-tranching/typescript/read-functions/get-capacity-and-lp-prices#lp-price-helpers) when possible.

For raw/display units, see [Units and Fees](/developer-tranching/defi-integrations/pricing-units-and-fees).

## LP Price

$$
\text{lpPrice} = \left\lfloor \frac{\text{effectiveNAV} + 1_{\text{NAV}}}{\text{totalLpSupply} + 1} \right\rfloor
$$

The virtual terms make empty-supply and first-deposit cases well-defined. In raw SDK `bigint` values, `1_NAV` is `1_000_000_000_000`.

```typescript theme={null}
await market.reload();

const seniorLpPrice = market.getSrLpPriceNetAsset();
const juniorLpPrice = market.getJrLpPriceNetAsset();

const seniorEffectiveNav = market.getSrEffNetAssetValue();
const juniorEffectiveNav = market.getJrEffNetAssetValue();
```

## Position NAV

For collateral or portfolio integrations, price LP balances from effective NAV:

$$
\text{positionNAV} = \text{lpBalance} \times \text{lpPrice}
$$

In raw SDK values, `lpPrice` is already NAV per raw LP share, so `lpBalanceRaw * lpPriceRaw` returns raw fixed-point NAV units. If your system normalizes token amounts for display, normalize both LP balance and NAV consistently at the display layer.

For transaction preview formulas, see [Deposit Previews](/developer-tranching/defi-integrations/deposit-previews) and [Withdrawal Previews](/developer-tranching/defi-integrations/withdrawal-previews).