Term
|
Explanation
|
| 24h Trading Volume |
The number of contracts traded in the past 24 hours |
| 24h High |
The highest market price in the past 24 hours |
| 24h Low |
The lowest market price in the past 24 hours |
| API |
Application Programming Interface for data interaction between users and the platform |
| BTCUSDT |
USDT (Tether) perpetual contract |
| Insurance Fund |
Used to cover losses from liquidation and ensure the forced liquidation process goes smoothly |
| Quote Currency |
Part of the perpetual contract pricing mechanism, usually quoted in USD |
| Passive Order |
An option for limit or conditional limit orders that ensures the order is posted to the book |
| Mark Price |
Spot index price plus funding rate basis |
| Mark Price to Est. Liquidation Distance |
Maximum price difference between the current mark price and the expected liquidation price |
| Position Margin |
Includes initial margin and close fee |
| Trigger Price |
Price used to trigger conditional or take profit/stop loss orders |
| Post-Trigger Close |
Triggers a market or limit close order once the trigger price is hit |
| Order Execution Strategy |
Defines the order's time validity and execution method |
| Contract Value |
Total value of the position based on the corresponding price |
| Contract Quantity |
Contract unit, can be in lots or coins |
| Return Rate |
Net asset return rate expressed as a percentage |
| Base Currency |
The currency used to calculate margin and PnL |
| Planned Order |
Order type that executes automatically when trigger conditions are met |
| Trading Fees |
Fees incurred during the trading process |
| Tiered Margin |
Larger positions require a higher margin rate |
| Trade History |
Record of all trades and fee details |
| Entry Price |
Average entry price of a position |
| Entry Fee |
Estimated fee reserved for opening a position |
| IOC (Immediate or Cancel) |
Order must be fully or partially filled immediately, otherwise canceled |
| Cumulative Realized PnL |
Accumulated value of all realized PnL and fees |
| Bid Price |
The price a buyer is willing to pay |
| Buy Long |
Open a long (bullish) position |
| Ask Price |
The price a seller is willing to accept |
| Sell Short |
Open a short (bearish) position |
| Target Price |
Target closing price based on expected returns |
| Exit Price |
Average closing price of a position |
| Exit Fee |
Fee reserved for closing a position |
| Exit PnL |
Net PnL after all fees |
| Average Entry Price |
Average entry price from multiple orders |
| Bankruptcy Price |
Price at which the system places an order during forced liquidation |
| GTC (Good Till Canceled) |
Order remains active until filled or canceled |
| Initial Margin |
Initial deposit required to open a position |
| Forced Liquidation |
System-enforced closing when margin falls below maintenance requirement |
| Cross Margin Mode |
Uses all available funds in the account as margin |
| Weighted Bid Price |
Weighted buy price used for funding rate calculations |
| Weighted Ask Price |
Weighted sell price used for funding rate calculations |
| Market Depth |
Market’s ability to handle large orders |
| Market Close |
Market close order triggered at market price |
| Market Order |
Order executed at the best current market price |
| Profit |
PnL amount of a position |
| Profit Rate |
PnL percentage of a position |
| Dual Price Mechanism |
Protection mechanism using both mark and last price |
| Hedge Mode |
Allows holding both long and short positions on the same contract |
| UID |
Unique user identification code |
| Maintenance Margin |
Minimum margin required to maintain a position |
| Order ID |
Unique order ID assigned by the system |
| Order Margin |
Total margin required for all active orders |
| Order Book |
List of all current buy/sell orders |
| Order Cost |
Initial margin + open/close fees |
| Order Price |
Specified price for a limit order |
| Order History |
Record of all successfully placed orders |
| Unrealized PnL |
Floating PnL based on current price |
| FOK (Fill or Kill) |
Order must be fully filled immediately or canceled |
| Limit Close |
Limit close order set at a specific price |
| Limit Order |
Order type executed at a specified or better price |
| Premium Index |
Price difference between the platform and external markets |
| Realized PnL |
Actual PnL of the closed position |
| Trailing Stop Loss |
Stop loss that moves in favorable market direction |
| Trailing Take Profit |
Take profit that moves in favorable market direction |
| Reduce Only |
Limit order only used to reduce existing positions |
| Index Price |
Weighted price from multiple exchanges |
| Stop Loss |
Preset price to limit losses |
| Take Profit |
Preset price to secure profits |
| Isolated Margin Mode |
Each position has its own dedicated margin |
| Funding Rate |
Funding rate paid/received every 8 hours |
| Funding Fee |
Core fee that maintains spot price peg |
| Funding Impact Depth |
Scope of depth used to calculate funding impact |
| Auto-Deleveraging Queue |
Visual indicator of auto-deleveraging priority |
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