#Glossary
A comprehensive list of terms used throughout Exolane and DeFi perpetuals trading.
#A
#Arbitrum One
A Layer 2 scaling solution for Ethereum that provides fast, cheap transactions while inheriting Ethereum's security.
#C
#Collateral
Assets (USDC on Exolane) deposited as backing for leveraged positions. Your collateral determines your maximum exposure and absorbs losses.
#Collateral Account
Your unified account on Exolane where deposited USDC is held. Collateral can be allocated to multiple positions across different markets.
#D
#E
#EXU (ExoUnit)
The internal accounting token used by Exolane. When you deposit USDC, it's wrapped to EXU at a 1:1 ratio. This is transparent to users.
#E
#Effective Margin
Your actual margin including unrealized PnL. Calculated as: Collateral + Unrealized PnL.
#Entry Price
The price at which your position was opened. For positions built up over multiple trades, this is the average entry price.
#F
#Funding Rate
Periodic payments between long and short traders to balance open interest. Positive funding means longs pay shorts; negative means shorts pay longs.
#Funding Cap
Exolane's hard limit on funding rates: ±15% APR maximum. This protects traders from extreme funding costs.
#I
#Initial Margin
The minimum collateral required to open a new position. Determines maximum leverage.
#L
#Leverage
The ratio of position size to collateral. 10x leverage means controlling $10,000 with $1,000 collateral.
#Limit Order
An order that executes only when the oracle price reaches a specified level.
#Liquidation
Forced closure of a position when margin falls below maintenance requirements.
#Liquidation Price
The price at which your position becomes liquidatable. Displayed on your position card.
#Long Position
A position that profits when the price increases.
#M
#Maintenance Margin
The minimum margin required to keep a position open. If effective margin falls below this, the position can be liquidated.
#Maker
A trader who provides liquidity by placing limit orders. Exolane charges 0% maker fees.
#Margin
The collateral allocated to a specific position.
#Margin Health
An indicator of how close a position is to liquidation. Healthy (green), Warning (yellow), Danger (red), Liquidatable (black).
#Margin Ratio
Effective margin divided by maintenance margin. Below 1.0 = liquidatable.
#Mark Price
The current oracle price used for position valuation.
#Market Order
An order that executes immediately at the current oracle price.
#N
#Non-Custodial
A design where users maintain control of their funds. Exolane never takes custody of user assets.
#Notional Value
The total value of a position: Size × Price. Example: 0.1 BTC at $100,000 = $10,000 notional.
#O
#Open Interest
The total value of all open positions in a market.
#Oracle
An external service that provides price data. Exolane uses Pyth Network.
#Oracle Settlement
Order execution based on oracle prices rather than instant execution. Prevents front-running.
#P
#Pending Order
An order that has been submitted but not yet settled (awaiting oracle update).
#Perpetual (Perp)
A derivative contract with no expiration date. Unlike futures, perpetuals never settle and use funding to anchor to spot prices.
#PnL (Profit and Loss)
The profit or loss on a position. Unrealized PnL is the current paper gain/loss; Realized PnL is locked in when closing.
#Position
An open trade on a market. Consists of size, direction (long/short), collateral, and entry price.
#Pyth Network
The decentralized oracle network used by Exolane for price feeds.
#R
#Realized PnL
Profit or loss that has been locked in by closing a position.
#S
#Settlement
The process of executing an order at the oracle price. Orders "settle" after submission.
#Short Position
A position that profits when the price decreases.
#Slippage
The difference between expected and actual execution price.
#Staleness
When oracle data is too old. Exolane rejects prices older than 40 seconds.
#Stop-Loss
An order that automatically closes your position if the price moves against you to a specified level.
#T
#Take-Profit
An order that automatically closes your position if the price moves in your favor to a specified level.
#Taker
A trader who takes liquidity with market orders. Exolane charges 0.02% taker fees.
#Timelock
A smart contract mechanism that delays execution of changes, giving users time to react. Exolane uses a 7-day timelock for protocol changes.
#U
#Unrealized PnL
Paper profit or loss on an open position. Becomes realized when you close.
#USDC
USD Coin, the stablecoin used as collateral on Exolane. Native Arbitrum USDC only.
#V
#Vault
Smart contracts that provide liquidity to markets. Vaults take the other side of trades.
#W
#Wallet
Software (MetaMask, Rabby, etc.) that holds your private keys and allows you to interact with Exolane.
#1-9
#1-Click Trading
A feature using session keys that allows trading without wallet confirmation popups.