Glossary

  • Perpetual Contract

    A derivative which is similar to a future except that it mimics a margin-based spot market and has no expiry/settlement.

  • Mark Price

    Price from the active Virtual AMM.

  • Index Price

    Market price of underlying asset. (from Oracle)

  • Position

    A position reflects the ownership of a quantity of contracts with either long/short exposure that are collateralized by the quote asset.

  • Position Notional

    Position * Mark Price