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AshPerp Terms
Explain the new terms on AshPerp
Terms | Explaination |
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Market Order | An order to buy or sell a perpetual contract at the current market price, executed immediately. |
Limit Order | An order to buy or sell a perpetual contract at a specific price or better. It is only executed when the market reaches the specified price. |
Open Interest (OI) | Open interest is a critical metric that helps traders and analysts gauge market activity and sentiment. It represents the total number of outstanding contracts that have been entered into but not yet closed or settled by an offsetting trade. In other words, open interest tells you how many active positions exist in the market.
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Liquidation | When a trader's position is forcibly closed by the exchange due to insufficient margin to cover potential losses. |
Margin | The collateral or initial deposit required to open and maintain a leveraged position in a perpetual contract. |
Leverage | The use of borrowed funds to increase the size of a trading position, allowing traders to amplify potential profits or losses. |
Positions | In perpetual trading, traders can take either long or short positions.
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TP/SL Order |
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Oracle | A trusted source of external data, often used to provide price information for derivatives contracts on DEXs. |
Last modified 1mo ago