Category

Perp Market Structure

These terms explain how perpetual futures venues reference prices, track positioning, and manage losses at the market level.

How to recognize this theme

Vocabulary used to describe perpetual futures markets and their safeguards.

In a daily board, this category groups terms by their shared role. Look for four cards that describe the same mechanism, risk area, or workflow rather than four words that merely sound similar.

Educational context

These entries are vocabulary notes for learning. They are not project endorsements, token recommendations, exchange rankings, or trading signals.

Mark Price

A mark price is a reference value used by derivatives venues to calculate unrealized profit and loss and reduce manipulation risk.

Index Price

An index price combines price data from selected markets to provide a reference value for contracts, risk checks, or settlement logic.

Open Interest

Open interest is the total amount of outstanding derivative contracts that have not yet been closed or settled.

Insurance Fund

An insurance fund is a reserve that a trading venue may use to absorb losses when liquidations do not fully cover a position's deficit.