Tribe3 Dictionary

Basic Pricing Information

Floor Price (Futures) / vAMM Price
Resulting price of users' trades in the vAMM system based on the constant product formula. Further details please see System Design and Overview​
109.30 WETH
Floor Price (Spot) / Oracle Price
The price of the lowest-priced listed NFT within a collection across open market places. Tribe3 is using simple time weighted average floor price on a rolling 6-hour basis in 10 seconds increments
107.56 WETH
The wrap ETH that is used for trading on the Tribe3
107.56 WETH
Funding Rate
The rate of the funding payment. Funding payment is paid to/by either short or long positions based on the difference between spot and vAMM price. Funding payment happens once every 3 hours, which is calculated on a 3-hour simple weighted rolling average basis. Further details please see
-0.00001 %
High / Low
Highest and lowest floor price (futures) of the selected timeframe
108.56 WETH / 107.95 WETH
Volume (24hrs)
Total notional value of contracts traded between buyers and sellers of a collection for the last 24 hours
Long Short Ratio
The ratio of notional value of long positions to short positions
41% : 59%
Next Funding Payment
Countdown for the next funding payment
01 : 20 : 02

Trading Details

Direction: Long / Short
Long position earns profit when price increases while short position earns profit when price decreases
Long / Short
Notional Value
The total value or exposure of a position (i.e. leverage taken into account) e.g. If a user is longing 1 BAYC futures contract, then for every 1 WETH increase in BAYC's price, the user will have an unrealized gain of 1 WETH
100 WETH
Required Collateral
Collateral required to open / increase a position
Balance available for a user to pledge as collateral for trading positions
50.57 WETH
Slippage Tolerance
The maximum pricing difference (due to other users' trades) between the price at the time of trade confirmation and the actual price of the transaction that the users are willing to accept
Transaction Fee
A fee paid to the Tribe3 platform by users whenever users execute a trade.
Fee Formula: 0.3% of the notional amount of a trade
0.15 WETH
Total Balance Required
Total amount of WETH required to execute this trade
50.57 WETH
Entry Price
The price level at which a user enters into a position
107.56 WETH
Price Impact
The change in price resulted directly from a particular trade in the vAMM
0.11 %
Average Entry Price
Average price paid (cost basis) for entering into a position
107.56 WETH

Position Details

Initial Collateral / Pledged Collateral
Collateral being pledged to open a position
Current Collateral
Collateral after taking into account of unrealized P&L, accumulated funding payment, and manual collateral adjustments
100 WETH
Maintenance Collateral
The lowest collateral required. If fallen below, position will be liquidated
Initial Collateral Requirement
The lowest collateral required to open a position, which is 20% of the notional
Unrealized P&L
Current profit or loss on an open position (this takes into account the price impact of exiting the position)
Accumulated Funding Payment
Accumulated payment received based on the difference between perpetual contract markets and spot prices. Details please see Funding Payment​
+0.55 WETH


Current Notional Amount / Current Collateral
Collateral Ratio
Current Collateral / Current Notional Amount
When a position's collateral ratio falls below the maintenance collateral ratio (i.e. 12.5%), such position will be partially liquidated automatically by liquidation bots. Once the position's collateral ratio falls below 5%, it will be fully liquidated by the bots. Liquidation sequencing mechanism will also kick in if the liquidation of a position is triggered by another trade. Further details please see Liquidation Mechanism​
Liquidation Price
The price where the platform forcefully closes a user's position due to a position's margin ratio going below the maintenance collateral ratio
56.30 WETH