Common Contract Trading Terms – IBIT

24H Trading Volume: The total quantity of the position currency traded in the past 24 hours.
24H Trading Value: The total value of the position in the past 24 hours.
24H Highest Price: The highest market price within the last 24 hours.
24H Lowest Price: The lowest market price within the last 24 hours.
24H Change: The percentage change in price calculated as (current price - price 24 hours ago) / price 24 hours ago.
API: Application Programming Interface, a software medium allowing communication between two programs, such as IBIT and trading bots.
BTCUSDT: USDT perpetual contract.
Liquidation Fund: A fund pool used to compensate for losses due to liquidation events, reducing the likelihood of automatic deleveraging on the platform.
Mark Price: Mark Price refers to an estimated true value of a contract. Also known as “marking-to-market,” it takes into consideration the fair value of an asset to prevent unnecessary liquidations during a volatile market.
Position Margin: The initial margin of a position + Closing fee.
Trigger Price: The pre-set price on the platform used to trigger conditional and take-profit/stop-loss orders.
Close on Trigger: An additional option for conditional orders, which guarantees the execution of closed positions regardless of margin requirements.
Daily Realized P&L: All profits and losses, including transaction fees and funding fees, calculated between 0:00 (UTC+8) and the following day's 0:00 (UTC+8).
Order Execution Strategy: The effective time limit and execution method of an order. It allows experienced traders to adjust the principles of order execution according to their trading needs.
Risk Limit: A risk management method limiting risks for traders.
Contract Value: The position value relative to the entry price.
Contract Amount: The unit used in IBIT to measure order and position size.
Activation Price: The price at which the limit order is activated is known as the "activation price." Furthermore, after an activation or stop price is reached or passed, a stop order is an order that eventually converts to a market order.
Order ID: A unique number assigned to each successful order on the platform.
Tranding Fee: The fee paid/received by traders on the platform through executed orders.
Tiered margins: Tiered margin is a method of calculating margin requirement rates for open positions based on the size of the exposure. greater the margin requirement.
Position History: Includes detailed information about all executed orders, paid/received transaction fees, and funding fees.
Entry Price: The average entry price of a position, visible in a trader's P&L.
Bid Price: The price at which traders are willing to buy a specific quantity of a contract on the platform.
Long: Opening a position with the expectation of a price increase.
Ask Price: The price at which traders are willing to sell a specific quantity of a contract on the platform.
Short: Opening a position with the expectation of a price decrease.
Nominal Value: The fluctuating contract value based on the current mark price.
Target Price: The estimated liquidation price based on a predefined return rate in the calculator.
Average Closing Price: The average closing price of a trader's position history.
Closing Fee: The reserved fee for estimated closing fees paid by the system.
Realized P&L: The net profit or loss of a position after all fees.
Average Entry Price: The average entry price calculated based on multiple opening orders.
Initial Margin: The collateral amount required for opening a position in leveraged trading.
Liquidation: The event where a position is forcibly closed when the margin cannot meet the minimum maintenance margin requirement, resulting in the loss of all pledged margin. On IBIT, forced liquidation is triggered when the mark price reaches the liquidation price of the position.
Cross Margin Mode: A margin mode where all available balance in a trader's account is used as position margin.
Market Depth: The ability of the order book to consume a significant amount of market orders without affecting the execution price.
Market Close: A market order with post-liquidation.
Market Order: A market order is an order that is executed immediately at the current best market price.
Profit: Both profit and loss. In IBIT's calculator, it refers to the net profit or loss relative to the contract value.
ROI: The percentage of profit or loss. In IBIT's calculator, it refers to the percentage of profit or loss relative to the contract value.
Conditional Order: An advanced order that can be automatically submitted and executed when the selected reference price (market, mark, index) reaches the trigger price.
Maintenance Margin: The minimum margin required for holding a position.
Order Margin: Order margin includes the total margin of all active orders waiting to be filled.
Order Book: It is an electronic list of buy/sell IBIT perpetual contract orders arranged by price.
Order ID: The order ID is a unique number assigned to each successful order on the platform.
Order Cost: Order cost includes the initial margin of the position, opening fee, and closing fee.
Order Price: The order price is the price manually entered by traders when setting a limit order.
Order History: The order history records all successfully placed orders by traders on the platform.
Unrealized P&L: The estimated position profit or loss based on the current market price, excluding trading fees and funding fees.
Open Contracts Quantity: The total quantity of open contracts in IBIT perpetual contracts.
Limit Close:Limit Close Order with Close on Trigger
Limit Order: A limit order is an order that allows traders to place orders at a better price than the current best market price.
Est. Funding Rate: The estimated funding rate for the next funding period (within 16 hours). It is dynamic and updates every minute based on interest rates and premium indices.
Reduce Only: An additional option for limit orders that ensures the execution of the order is for the purpose of closing a position, reducing the size of the position.
Index Price: The index price is obtained by multiplying the total prices provided by several spot platforms by their respective weights.
Stop Loss: A stop-loss order is an order that limits. the loss of the current position. Stop-loss orders can be placed with the one-click TP&SL function.
Take Profit: A take-profit order is an order that closes a position when it is profitable. Take-profit orders can be placed with the one-click TP&SL function.
Isolated Margin Mode: A margin mode where a portion of the trader's account balance is set aside as margin for each position.
Trailing Stop Loss: A trailing stop-loss is a feature that allows a stop-loss order to dynamically follow the latest market price based on a preset gap, thereby locking in position profits or stopping losses.
Funding Rate: The funding rate is used to calculate the funding fees exchanged between buyers and sellers every 8 hours at 0:00, 8:00, and 16:00 (Beijing time).
Funding Fee: The funding fee is a mechanism employed by IBIT to ensure that the latest market price is always anchored to the global spot price.
Auto Deleveraging: Auto Deleveraging (ADL) is a mechanism used to maintain the platform when the insurance fund cannot fully cover losses of this nature.
Auto Deleveraging Queue: This is used to indicate the risk level system selected by the auto deleveraging mechanism. It is determined by sorting profits and using leverage. Each lit lamp represents a 20% upgrade in the auto deleveraging ranking.
Auto Add Margin: A mechanism that allows the system to automatically replenish margin from the available balance to the current position when the mark price is close to the liquidation price.
Last Market Price (Market Price): The current market price on the platform.

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