Glossary
Mark price
A smoothed reference price used to decide liquidations, drawn from broader market data rather than the last trade on one venue. It exists so a brief wick cannot liquidate everybody.
See also
LiquidationThe forced closing of a leveraged position when margin falls below the required level. It happens automatically, at the platform's discretion, and you do not get to wait for a recovery.
Perpetual futuresA derivative tracking an asset's price with no expiry date, kept close to spot by a periodic payment between longs and shorts called funding.
Last checked 19 Oct 2026.