Fair Market Pricing is used for liquidations and unrealized PNL. Although the Mark Price may temporarily deviate from actual market traded prices, EMX's Fair Market Pricing prevents market manipulation and excessive liquidations. The Mark Price is a function of the Index Price and current market prices and is calculated in 2 steps.
Fair Price
Fair Price = (Impact Bid + Impact Ask) / 2
- Impact Bid =
- clearing price to fill a 0.05 (or impact mid qty) contract market sell order
- or the best bid price - 0.1% (or impact mid threshold), which ever has a greater value
- Impact Ask =
- clearing price to fill a 0.05 (or impact mid qty) contract market buy order
- or the best offer price + 0.1% (or impact mid threshold), which ever has a lower value
| Contract | Impact Mid Qty | Impact Mid Threshold |
| BTC-PERP | 0.05 | 0.1% |
| BTCH20 | 0.05 | 0.1% |
| BTCM20 | 0.05 | 0.1% |
| ETH-PERP | 5 | 1% |
| USDT-PERP | 5000 | 0.1% |
| LINK-PERP | 200 | 2% |
| XTZ-PERP | 200 | 2% |
| BRAZIL60-PERP | 0.05 | 0.1% |
| EUR-PERP | 5000 | 0.1% |
| GOLD-PERP | 0.5 | 0.1% |
| US500-PERP | 0.1 | 0.1% |
| USDBRL-PERP | 1000 | 0.1% |
| USOIL-PERP | 10 | 0.1% |
Mark Price
Mark Price = Index + 10 second EMA (Fair Price - Index)
- Hard limited by Index +/- Mark Price Band %
- Trading can still occur outside these bands
- Calculated every 1 second
Comments
0 comments
Article is closed for comments.