Tribe3 Dictionary

Basic Pricing Information

Terms	Description	Units
Futures Price	Resulting price of users' trades on the system. Further details please see System Design and Overview	107.90 WETH
Oracle Price	The mid price of the top collection bid and the floor price of a collection across open market places, adjusted based on a dynamic TWAP. For details on oracle, please see Oracle	107.56 WETH
WETH	Wrapped ETH which an ERC20 token that is used for trading on Tribe3	107.56 WETH
Price Gap	The gap between the Futures Price and the Oracle Price	+0.34 (0.32%)
Volume (24hrs)	Total notional value of contracts traded between buyers and sellers of a collection for the last 24 hours	1938.76
Funding Rate	The rate of the funding payment. Funding payment is paid to/by either short or long positions based on the difference between the Futures Price and the Oracle Price. Traders pay or receive funding payment continuously . Further details please see Funding Payment	-0.00001 %

Trading Details

Terms	Description	Example
Direction: Long / Short	Long position earns profit when price increases while short position earns profit when price decreases	Long / Short
Available Balance	Balance available for a user to pledge as collateral for trading positions	8.82 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	0.5%
Est. Entry Price	The estimated price level at which a user enters into a position	107.56 WETH
Est. Liquidation Price	The estimated price level at which the position become eligible to be liquidated	102.23 WETH
Price Impact	The change in price resulted directly from a particular trade	0.11 %
Transaction Fee	A fee paid to the Tribe3 platform by users whenever users execute a trade. Fee Formula: 0.5% of the notional amount of a trade	0.15 WETH

Position Details

Terms	Description	Example
P/L	Current profit or loss on an open position (this does not take into account of the price impact of exiting the position, and includes all realized and unrealized P&L and funding payment of the position)	+1.3512 WETH
Size	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	1.1351 WETH
Entry Price	Average entry price of the position	20.01 WETH
Multiplier (or Leverage)	Current Notional Amount / Current Collateral	2.2x
Collateral	Collateral after taking into account of unrealized P&L, accumulated funding payment, and manual collateral adjustments	1.2232 WETH
Liquidation Price	The price where the user's position is eligible to be forcefully closed due to a position's margin ratio going below the maintenance collateral ratio	23.55 WETH
Liquidation	When a position's collateral ratio falls below the maintenance collateral ratio (i.e. 12.5% or leverage of 8x), such position will be eligible to be partially liquidated. Once the position's collateral ratio falls below 10% (or leverage of 10x), it will be fully liquidated. Further details please see Liquidation Mechanism	N/A
Funding Payment	Accumulated payment received based on the difference between perpetual contract markets and spot prices. Details please see Funding Payment	+0.55 WETH