Kwenta Documentation
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  • 🥂Welcome to Kwenta
  • Getting Started
    • How to start using Kwenta
    • Introduction
    • Getting started on Optimism
    • How to get sUSD
    • Access Kwenta
      • Installing the IPFS Companion to Access Kwenta
      • Backup RPCs
      • Withdrawing from v2 Isolated Margin using Optimistic Etherscan
  • Using Kwenta
    • Futures on Kwenta
    • Jargon
    • Synthetix Isolated Margin
      • Funding
        • Technical Details
      • Delayed Orders
      • Maker/Takers on Kwenta
      • Leverage
      • Liquidations
      • Initial/Maintenance Margin
      • One-Click Trading
        • Onboarding to 1CT
        • FAQ
      • Smart Margin
        • Dashboard Overview
        • Futures UI Overview
        • Get Started with Smart Margin
          • Withdrawing sUSD & ETH
          • Opening/Closing Positions
          • Conditional Orders
            • Limit Orders
            • Stop-Loss Orders
          • FAQ
      • Delegated Trading
        • Getting started
        • Managing Delegates
        • Accessing Accounts Delegate to You
      • Fees
      • Referral Program
        • The Traders Tab
        • The Affiliates Tab
        • Incentive Tiers and Rewards
      • FAQ
    • Perennial Isolated Margin
      • Perennial Intro
        • Market Design
        • Oracles
        • Payoff & Positions
        • Trading Fees and Price Impact
        • Funding Rate
        • Interest Rate
        • Leverage & Liquidations
        • Collateral
        • CodeBase
      • Bridging to Arbitrum
      • Trading on Perennial
        • Dashboard Overview
        • Futures UI Overview
        • Opening/Closing Positions
        • Advanced Orders
          • Limit Orders
          • Stop-Loss Orders
      • Gasless Trading
        • Onboarding to 1-Click-Trading
        • FAQ
  • Kwenta Token
    • Staking KWENTA
      • How to stake KWENTA
      • Escrow and Vesting
      • Transferring Escrow Entries
    • Claiming Rewards
    • Trading Rewards
  • DAO
    • Kwenta Token
    • Governance
    • MarketingDAO
    • devDAO
      • Contributing to the Kwenta Frontend
        • Troubleshooting
        • Testing
  • Developers
    • Deployed Contracts
      • V2 Futures Market Proxy Contracts
    • Verify Kwenta
    • Kwenta SDK
  • Resources
    • Audits
    • Development progress Epoch 1 2024
    • GitHub
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  1. Using Kwenta

Jargon

PreviousFutures on KwentaNextSynthetix Isolated Margin

Last updated 10 months ago

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Unrealized P&L: The unrealized P&L is based on the difference between the average entry and oracle prices. It is a reference P&L of a position.

Realized P&L: This is based on the difference between a position's entry and close prices. Trading Fees and Funding Fees are also included in the realized P&L.

On Kwenta, all transactions are processed as delayed orders for up to 15 seconds.

To keep the positions open, traders are required to hold a percentage of the value of their position, i.e., the maintenance margin percentage. If a trader fails to fulfill the maintenance requirement, their position will be flagged for liquidation, and any margin will be lost.

Is the percentage of the purchase price of a future position that must be covered by cash or collateral when leverage trading.

This is the percentage of the purchase price of a future position that must be covered by cash or collateral when leverage trading.

Leverage refers to using borrowed capital to make trades. Leverage trading applies a multiplier to your buying or selling power, allowing you to trade more significant amounts.

Funding rates are periodic payments to or from traders depending on their trade direction. Kwenta uses these rates to balance the skew of the Open Interest, be aware of these rates because they impact the daily holding cost of a perpetual contract position.

Open Interest: Open interest is the total number of outstanding derivative contracts, futures that have not been settled.

Volume: Volume is the total notional value being traded between market participants.

Notional Position Size: The notional value is the total amount of an asset's underlying value at its spot price. The notional value distinguishes between the amount of money invested and the amount of money associated with the whole position. The notional value is calculated by multiplying the units in one contract by the spot price.

Delayed Orders:
Liquidation:
Initial margin:
Maintenance Margin:
Leverage:
Funding Rate: