Price market terms
Find the canonical definitions needed to trade v24 price markets.
Key terms
Use the glossary for the canonical definitions of collateral, price position, effective mass, psi, funding, settlement escrow, deferred claims, Safety Reserve, and Recovery.
Apply the terms
- Direction and leverage determine price exposure, while funding and pool-level conversion also affect the result.
- Mode determines whether a position is independent, merged, or part of a margin account. See Position modes.
- Equity and margin requirements determine risk eligibility. A UI health ratio is not a substitute for the current v24 account or position quote.
- Payout, escrow, and deferred mass are different outputs. A completed close does not always mean cash reached your wallet.
- Bounds and digests describe what you authorize. Check fee, price, debt, claim, deadline, and state guards in Open and close.
For the formulas and their rounding limits, read How price markets work.