Two-Way Trade: Traders can buy to open (or open position), that is, start a trade by buying a contract; or sell to open, which means, start a trade by selling a contract.
Margin: This Margin refers to contract margin. It is the act of paying a certain percentage of the contract's value as performance bond to conduct a trade several times the margin.
Unrealised PNL: Profit and loss in the holding position, in this case, profit is not available.
Contract Size: The minimum value of a transaction, calculated according to "Contract", currently 1 Contract = 1 USD.
Funding Rate: The funding adjustment between longs and shorts is to tether to spot price. 58COIN does not charge any fees on funding; it is exchanged directly peer-to-peer. The Funding Rate is comprised of two main parts: the Interest Rate and the Premium / Discount. Funding Interval = 3, since funding occurs every 8 hours at 08:00 (GMT +8), 16:00 (GMT +8), 24:00 (GMT +8).
Tick Size: A tick size is the minimum price movement of a contract in the open outcry process of the exchange. In the transaction, each tick value must be an integral multiple of each one tick movement.
Maintenance Margin: It refers to the minimum amount needed to keep the position from getting liquidated.
Mark Price: Mark Price = Index Price * (1 + Funding Rate). It is used as a standard for profit & loss (PNL).
Market Price: A request to execute a buy or sell transaction at the best-available price in the current market. It is widely considered the fastest and most reliable way to enter or exit a trade, and provides the most likely method of getting in or out of a trade quickly.
Opening Price: The opening price is the price at which a contract first trades upon the opening of a position.
Index Price: The index tracks the spot price, which is taken from Bitfinex, Bitstamp, GDAX and other top exchanges, and represents the overall price level of the market.
Limit Price: An order placed to execute a buy or sell transaction at a specified limit price or better.
Position Value: The number of holding contacts (amount of digital currency).
Trigger Order: Trigger order is a trading instruction with pre-defined parameters (trigger price and execution price) by a user. When the last traded price has reached the trigger price, 58COIN will send an order to the market at the execution price. Trigger order may not necessarily be executed.
Available Balance: Funds that can be used to open new positions and transferring out, in which margin is excluded.
Position Fees: No
Equity: All of the user's funds, including available balance and margin.
Insurance Fund: 58COIN uses an Insurance Fund to avoid Auto-Deleveraging in traders' positions. The fund is used to aggress unfilled liquidation orders before they are taken over by the auto-deleveraging system. The Insurance Fund grows from liquidations that were able to be executed in the market at a price better than the bankruptcy price of that particular position.