Crypto Markets
For information only. Eligibility and jurisdictional restrictions apply. Trading involves risk of total loss. See the Terms, Risk Statement and Restricted Countries.
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For information only. Eligibility and jurisdictional restrictions apply. Trading involves risk of total loss. See the Terms, Risk Statement and Restricted Countries.
Overview
For crypto assets Extended relies on Mark and Index Prices obtained from 5 nodes of an independent Oracle Provider, Stork:
Mark Prices are used to determine the liquidability of accounts and calculate positions' unrealized PnL.
Index Prices are used for the calculation of Funding Payments. For detailed information on the calculation of Funding Payments, please refer to the section on Funding Payments.
For a deeper understanding of the approach Stork employs to define Mark and Index Prices, explore Stork's comprehensive documentation.
Utilizing independent Oracle Providers like Stork helps prevent potential price manipulation and ensures an equitable and accurate reflection of asset values within the Extended ecosystem.
Price Denomination
Both, Mark and Index Prices sourced from Stork are USD denominated. This means that on Extended USD PnL is settled in USDC given USDC margin.
For crypto RFQ markets, Index and Mark Prices are provided by RedStone, referencing Binance Index and Mark Prices. k-prefixed markets (e.g. kFLOKI) reference 1,000 units of the underlying token.
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