🏷️Mark Price and Index Price

We use the Mark Price to prevent unwanted liquidations and avoid market manipulation. As unrealized PnL (Profit and Loss) plays a crucial role in the liquidation process, we use the Mark Price to calculate it.

The Index Price is a key component of the Fair Price. It is an average of the major market platforms’ price feeds.

The Simple Futures suite from HunteX features no order book, so the Mark Price corresponds to the pair’s latest executed order. The Index Price is a weighted composite index of prices from the leading spot market exchanges. The exchanges’ trading volumes determine the weighting. This includes prominent exchanges such as Binance, OKX, Bitfinex, Coinbase, Kraken, HTX, and Bybit.