4min

Glossary

Below is a glossary of terms commonly seen within the exchange platform.

Market Info

Term

Description

Example

Oracle Price

Price of underlying asset (currently: as reported by Pyth)

$201.01

Mark Price

Price of market

$201.05

Funding Rate

1/24 the average premium every hour. if positive, longs pay shorts. if negative, shorts pay longs. see Funding Rates for more details

.0012%

Open Interest

Total size of all positions (long and short) in the market

181 SOL

24h Volume

Total volume traded in past day in the market

$1.04M

Position Table

Term

Description

Example

Market

A base / quote asset pair

SOL/USD

Direction

The position's bet on price change

LONG,SHORT

Size

The position's base asset value

2.3555 SOL

Notional

The position's quote asset value

$1,000

Entry Price

Average price paid (cost basis) for acquiring position

$200

Exit Price

Average price realized if closing entire position

$200

Liquidation Price

Soft estimate of price where liquidation of account will occur

None

P&L (Profit & Loss)

Profit and/or Loss of position Calculated on difference between EXIT PRICE and ENTRY PRICE

$0

Action

Opens modal for reducing/closing position

ClosePosition

User Account

Term

Description

Example

Total Collateral

The total USD value of collateral (Wallet Balance +/- UnrealisedPnL)

101.01

Unrealised P&L

Sum of Unrealised PnL in all open positions

1

Unrealised Funding P&L

Unrealised amount collected/paid for funding payments. (will be automatically realised upon next user action)

.01

Free Collateral

The value of collateral that can be used to open new risk-increasing positions

.05

Leverage

Total Notional Position Size / Total Collateral

5x

Margin Ratio

Total Collateral / Total Notional Position Size

20%

Partial Margin Req.

The Partial Margin Requirement is the Margin Ratio at which users will be partially liquidated.

6.25%

Maintenance Margin Req.

This is the margin ratio at which users will be fully liquidated.

5%

๏ปฟ

๏ปฟ

Updated 17 Nov 2021
Did this page help?
Yes
No