# A B C D E F G H I JKL M N O P Q R S T UV WXYZ

Bankruptcy Price

This is the price level indicating the total loss (0%) of the position's initial margin.  

Base Currency

It is one part of a perpetual contract's price mechanism (Quote and Base) and mainly quoted in cryptocurrencies and used to calculate margin, fees, and profits/losses. 

Bid Price

The prices that traders are willing to accept to buy a given quantity of contracts for a particular coin on the platform

BTCUSD

Bybit Kazakhstan's Bitcoin inverse perpetual contracts 

BTCUSDT

Bybit Kazakhstan's USDT (USD Tether) perpetual contracts

Buy Long

Opening a position expecting to make a profit with a rise in price movement of the underlying asset

Conditional Orders

Advanced orders that can be submitted and automatically executed when the selected reference price (Last, Mark, Index) reaches the trigger price

Closed on Trigger

An additional option to conditional orders, this function seeks to execute as a closing order that guarantees its execution regardless of margin requirements.  

Closed P&L

Net profit and loss of a trader's position after fees

Contract Value

The value of the position with respect to its order's execution price 

Close by Limit

A type of limit order that comes with close on trigger to close your position 

Close by Market

A type of market order that comes with close on trigger to close your position 

Cross Margin

It is a type of margin mode that utilizes a trader's account's available balance margin into the open position

Dual-Price Mechanism

Dual price mechanism consists of mark price & last traded price. It is mainly used to protect traders from market manipulations

Daily Realized P&L

Daily realized P&L accounts for all profit and losses, trading and funding fees paid/collected for the time period between 0000 UTC and 0000 UTC of the following day

Decaying Funding Basis Rate

It is defined as the funding rate multiplied by time until funding divide by funding interval. The decaying funding basis rate serves to slowly close the gap between mark price and index price.

ETHUSD

Bybit Kazakhstan's Ethereum inverse perpetual contracts

EOSUSD

Bybit Kazakhstan's EOS inverse perpetual contracts

Entry Price

Shown inside a trader's closed P&L, this is the average entry price for your open position

Exit Price

Shown inside a trader's closed P&L, this is the average exit price for your closed position

Fee to Open

Trading fees set aside by the system to afford the estimated trading fee to open the position

Fee to Close

Trading fees set aside by the system to afford the estimated trading fee to close the position

Funding

Funding is the primary mechanism to ensure Bybit Kazakhstan’s last traded price is always anchored to the global spot price

Funding Rate

Funding rate is used to calculate the funding fee that is exchanged directly between buyers and sellers every 8 hours at 0000, 0800 and 1600 UTC

FillOrKill (FOK)

It is a kind of time-in-force (TIF) strategy to allow traders to vary their order execution according to their trading strategies. FOK orders must immediately be executed at the order price or better, otherwise, it will be completely canceled. Partial filling of an order will not be accepted. 

GoodTillCancelled (GTC)

It is a kind of time-in-force (TIF) strategy to allow traders to vary their order execution according to their trading strategies. GTC orders will remain valid until it is fully executed or manually canceled by the trader. 

Hedging

Hedging is a type of strategy used by traders to reduce and control their exposure to risks by hedging a Buy Long and Sell Short position of the same quantity under cross margin mode. Currently, this is only available on USDT perpetual. 

Impact Bid Price

The average fill price to execute the Impact Margin Notional on the Bid side. This is used to calculate the Premium Index, which in turn is used to calculate the Funding Rate. 

Impact Ask Price

The average fill price to execute the Impact Margin Notional on the Ask side. This is used to calculate the Premium Index, which in turn is used to calculate the Funding Rate. 

Impact Margin Notional

Impact Margin Notional is the notion available to trade with 0.1 BTC/1 ETH worth of margin (i.e. 0.1 BTC or 1 ETH / Initial Margin) and is used to determine how deep in the order book to measure either the Impact Bid or Ask Price.

Index Price

Index price is derived from the sum of the prices from various spot exchanges multiplied by their respective weightage 

Interest Quote Index

The Interest Rate for borrowing the quote currency. It is currently fixed at a daily 24 hour rate of 0.06%. This is used to calculate the Interest Rate, which in turn is used to calculate the Funding Rate. 

Interest Base Index

The Interest Rate for borrowing the base currency.  It is currently fixed at a daily 24 hour rate of 0.03%. This is used to calculate the Interest Rate, which in turn is used to calculate the Funding Rate. 

Initial Margin

Initial Margin is the amount of margin collateral required to open a position for leverage trading.

Insurance Fund

The Insurance Fund is a pool of funds used to absorb contract losses and decrease the possibility of auto-deleveraging (ADL) occurring on the platform. 

Inverse Contract

The Inverse contracts use BTC/ETH/EOS/XRP as the base currency. Traders need to confirm traded quantity in terms of USD (Quoted currency), and then use their base currency (such as BTC, ETH) to calculate margin, profit and loss.

Isolated Margin

  It is a type of margin mode that isolates the margin placed into an open position from the trader's account balance.  

ImmediateOrCancel (IOC)

It is a kind of time-in-force (TIF) strategy to allow traders to vary their order execution according to their trading strategies. IOC orders attempt to fill immediately at the order limit price or better. If the order cannot be filled immediately, the unfilled contracts will be automatically canceled. 

Limit Order

Limit order is an order type that allows traders to place orders at an order price better than current best bid/ask prices inside the order book. 

Liquidation

Liquidation refers to the event when the position's margin is unable to maintain above the maintenance margin requirements, causing the complete loss of the entire margin collateral. On Bybit Kazakhstan, liquidation is triggered when mark price reaches the liquidation price of the position. 

Last Traded Price (LTP)

This is the platform's current market price 

Maintenance Margin

Maintenance Margin is the minimum margin required to continue holding a position.

Market Depth

Market depth refers to the order book's ability to sustain relatively large market orders without impacting its execution price. 

Market Order

A market order is an order type that is executed immediately at the current best available market prices inside the order book. 

Maker Order

Maker order is a type of order execution that adds liquidity to an order book before being executed. After it has been successfully executed, such orders will pay a lower fee of 0.02% of the contract value on the platform. 

Mark Price

Mark price refers to a global spot price index plus a decaying funding basis rate

Mark Price to Liq. Price(Distance)

This highlights the price gap between the order's estimated liquidation price and current mark price. It allows traders to check the price gap, assess the risk of immediate liquidation before confirming the order placement

Notional Value

The floating contract value of the position based on mark price on the platform

Order Book

It is an electronic list of buy and sell orders for Bybit Kazakhstan's perpetual contracts organized and sorted by price level. 

Order Cost

Order cost consists of the initial margin of the position + fee to open + fee to close. 

Order Price

Order price is the price that traders can manually input when setting up limit orders

Open Interest

Open interest is the total number of perpetual contract positions currently being held on the platform.  

Order History

Order history records all the orders that have been successfully placed by the trader on the platform

Order Margin

Order margin consists of the sum of all margins for active orders that are pending for execution

Order#

Order ID that is uniquely assigned to each individual order successfully placed on the platform 

Post-Only

An additional option to limit or conditional limit orders, this function serves to ensure that the order will be executed as a maker order.

Predicted Rate

The predicted funding rate for the subsequent funding timestamp (within 16 hours). It is not fixed and is updated dynamically every minute according to Interest Rate and Premium Index

Premium index

Premium index is a floating variable used to raise or lower the next funding rate to be level consistent with where the contract is trading

P&L

Profit and loss. Inside the Bybit Kazakhstan calculator, this highlights a position's P&L relative to the position's contract value

P&L%

Profit and loss percentage. Inside the Bybit Kazakhstan calculator, this highlights a position's P&L relative to the position's contract value in terms of percentage

Position Margin

Position's initial margin + fee to close

Quote Currency

It is one part of a perpetual contract's price mechanism (Quote and Base) and mainly quoted in USD to determine the orders' and position's number of contracts quantity

Quantity

The unit of measurement for the order size and position size on Bybit Kazakhstan.

Reduce-Only

An additional option to limit orders, this function serves to ensure that the order will be executed as a position closing order to reduce a position size 

Risk Limit

Risk limit is a risk management measure to limit the risk exposure of traders.

ROI

Return of Investment percentage. Inside the Bybit Kazakhstan calculator, this highlights a position's P&L relative to the position margin in terms of percentage.  

Take Profit (TP)

A take-profit order is an order placed to close a trader's position at a profit. TP orders can be easily placed via the TPSL function. 

Taker Order

Taker order is a type of order execution that 'takes' and consumes liquidity out from the order book when it is executed. Such orders will pay a taker fee of 0.055% of the contract value on the platform. 

Tiered Margin

Tiered margin means that the larger the position/order quantity, the higher the required initial/maintenance margin rate. This forms the Risk Limit mechanism on the platform. 

Time In Force

'Time in Force' is a set of order execution strategies to allow advanced traders to vary the order's effective execution method to suit their trading needs. 

Trailing Stop

Trailing stop is an order function that will allow a stop order to dynamically follow the last traded price based on a pre-set distance to lock in an open position's profit or stop loss.

Target Price

The target price is the estimated exit price to close your position based on a pre-determined ROI % shown inside the calculator. 

Total Realized P&L

Total realized P&L accounts for all profit and losses, trading, and funding fees paid/collected since the first successfully placed trade. 

Trigger Price

Trigger price refers to the pre-determined price criteria that can be set to trigger conditional orders or TPSL on the platform

Trading Fee

The trading fees received/payable by the traders to execute orders on the platform

Transaction Fee

Shown inside your withdrawal history. It is equivalent to the mining fees paid to withdraw your asset. 

Transaction ID

Transaction ID that is uniquely assigned to each individual trade successfully transacted on the platform 

Trade History

Trade History records the transaction details of all your successfully executed orders, trading fees and funding fees that were paid/collected. 

XRPUSD

Bybit Kazakhstan's Ripple perpetual contracts