Perpetual contract
A futures-style derivative with no scheduled expiry; each venue defines its contract terms.
Crypto trading glossary
Plain-language definitions for terms used throughout the Academy and research library.
Funding payment
A scheduled payment between long and short positions under a venue's rate and settlement rules.
Notional
The dollar value used to describe a position's exposure under a stated price and contract convention.
Initial margin
Collateral required by a venue to open or support an exposure under its current rules.
Maintenance margin
A venue-defined minimum margin threshold that may trigger a position reduction or liquidation.
Mark price
A venue-defined reference price used for some risk calculations; do not assume it equals the last fill.
Slippage
The difference between an intended/reference price and realized execution price under actual order conditions.
Drawdown
The decline from a prior equity peak to a later trough over a specified interval.
Expectancy
A sample's average result per trade given its win rate, average wins, average losses and costs.
Out-of-sample period
A later chronological segment withheld from parameter selection for an evaluation attempt.
This resource is educational, not individualized financial advice. Calculator inputs stay in your browser. Check your venue's current contract, margin and fee documentation.