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 |
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