Futures vocabulary analysis

*Total assets

The total asset value is the total USDT asset value of the futures account, which includes the amount transferred to USDT and the unrealized profits and losses held.

Total asset value = available balance + margin for entrusted orders + margin for positions + unrealized profit and loss

*Account available balance

The available balance is the discretionary balance of the futures account, which refers to the assets that the trader has in the futures account that can be used as margin. Transfer in through spot account or legal currency account, or transfer to spot account and legal currency account. Unrealized profits and losses are not calculated in the available balance. When the futures is closed and settled, the realized profit and loss and funding rate collection expenses generated by the futures transaction will increase or decrease on the available balance.

Available balance = total futures account value - margin required for current positions - margin occupied by entrusted pending orders - unrealized profit and loss

*Unrealized profit and loss

Unrealized profit and loss is the amount of profit and loss generated by futures holdings, also called floating profit and loss. The remaining position and the unsettled profit and loss amount calculated from the latest market mark price are divided into positive and negative values.

*Entrusted margin

The commission margin is the total margin occupied by all open commissions currently.

*Position margin

The position margin is the total margin occupied by all current position orders.

*Opening margin

Margin = opening price × number of positions opened × face value ÷ leverage multiple

Example:

Assume that the current BTC/USDT perpetual price is 10,000, and the trader wants to use 10 times leverage to open 10 futures with a face value of 0.1 BTC.

The margin required by the trader = opening price × number of positions opened × face value ÷ leverage = 10000 × 10 × 0.1 ÷ 10 = 1000 USDT

*Market price order
The user's order request is placed directly at the best price in the current market to achieve the purpose of quick transaction. That is, you can directly match your counterparty's order to quickly open or close a position.
*Limit price order
The user sets the order price by himself, and the market will give priority to the price that reaches the favorable direction, that is, it is guaranteed that the buying transaction price ≤ the commission price and the selling transaction price ≥ the commission price.
Opening a limit order will occupy the margin, and closing a limit order will occupy the position's amount that can be closed.

*Position

After the opening order is executed by the market, the trading account will hold positions in the corresponding direction of the corresponding contract, either long or short, also known as long and short. The same contract supports two-way long and short positions. Newly opened positions on the same contract and in the same direction will be merged with the original positions. That is, the same contract can hold up to two positions, long and short respectively.

*Average opening price

Average opening price = (Trading volume 1 × Trading price 1 + Trading volume 2 × Trading price 2 +... + Trading volume n × Trading price n) ÷ ( Trading volume 1 + Trading volume 2 +... + Trading volume n)

*Introduction to position fields

Noun	Explain
Futures type	The trading variety code of the open futures, such as BTCUSDT perpetual isolated position
Position direction	To open a long position by buying is to go long, and to open a short position by selling is to go short.
Position leverage	The leverage multiplier selected when opening a position (under the same contract trading pair, adjustment of the leverage multiplier is not supported when there are positions or pending orders)
Auto-deleverage indicator light	Indicates the position's ranking in automatic deleveraging. There are 5 lights in total. The more lights on, the higher the ranking.
Position quantity	The number of open contracts held after opening the position, unit: piece
Remaining available quantity	The remaining quantity of open positions currently held that can be used to place orders to close positions.   Calculation formula:   Amount that can be closed = open position - the number of positions occupied by the closing order
Average opening price	That is, the average position price refers to the average price of the current open position and transaction.
Mark price	Platform mark price
Unrealized profit and loss	The amount of profit and loss generated by contract positions is also called floating profit and loss. The unsettled profit and loss amount calculated from the remaining position and the latest mark price in the current market
Position margin	The amount of margin occupied by the position. Opening margin + manually added (or reduced) margin
Rate of return	The ratio of unrealized profit and loss to margin balance.   Rate of return = Unrealized profit and loss ÷ Margin balance
Estimated liquidation price	When the margin rate calculated from the mark price is equal to 100%, it is the estimated liquidation price.   Calculation formula:   Estimated liquidation price of long positions = (margin balance - position × average opening price) ÷ (holding × (maintenance margin rate + handling fee - 1))   Estimated liquidation price of short position = (margin balance + position × average opening price) ÷ (holding × (maintenance margin rate + handling fee + 1))
Margin rate	The margin balance guarantee rate of a position is an important data indicator for calculating whether a position is liquidated. When the margin rate is less than 100%, it is determined to be a liquidation.