Glossary
Below is a index of terms commonly seen on Vortex Markets
Market Info
Mark Price
Price of the asset on Vortex
$100
Oracle Price
Price of the underlying asset
$101
Funding Rate
1/24 the average premium paid every hour. If +, longs pay shorts. If -, shorts pay longs. See Funding Rates for more info
.0015%
Open Interest
Total size of all positions (Long and short) in the market
300 ATOM
24h Volume
Total volume traded in past day in the market
$5.05M
Position Terms
Market
A base/quote asset pair
ATOM/USDC
Direction
The position’s bet on price change
LONG,SHORT
Size
The position’s base asset value
3.5 ATOM
Notional
The position’s quote asset value
$1000
Entry Price
Average price paid (cost basis) for acquiring the position
$100
Exit Price
Average price realized if closing the entire position
$102
Liquidation Price
Soft estimate of price where liquidation of account will occur
$75
P&L (Profit and Loss)
Profit and/or Loss of position Calculated on difference between exit price and entry price
Exit Price - Entry Price $2 (following the above example)
Margin Call
Leverage is larger than the inverse of margin requirement ratio. (Position may be liquidated)
Trader receives a warning that collateral ratio is too low. If unresolved, position and collateral may be liquidated.
User Account Terms
Total Collateral
The total USD value of collateral (Account Balance +/- Unrealized P&L)
110
Unrealized P&L
Sum of Unrealized P&L in all open positions
10
Unrealized Funding P&L
Unrealized amount collected/paid for funding payments. (Automatically realized upon a new user action)
.02
Free Collateral
The value of collateral that can be used to open new risk-increasing positions
5
Leverage
Total Notional Position Size/ Total Collateral
3x
Margin Ratio
Total Collateral/ Total Notional Position Size
50%
Margin Debt
For a long position is the amount of cash borrowed to open the position, for a short position is the proceed from the short sale
300$
Portfolio Equity
The sum of equities of all components in the portfolio: Balances, Long & Short Positions, Open Orders
100$
Last updated