Collateral value
Market value of collateral in USDC before applying a collateral multiplier to the asset
Locked collateral
Collateral that has been occupied to open a position and held for open orders
Initial margin requirements
The amount of funds required to open a futures position. Initial margin requirements vary by product and are typically a small percentage of the contract’s value.
Leverage
Indicates the ability to open an order with an investment of only a portion of the notional value. By putting down a small amount you magnify the effect of any price change. It is calculated as the notional value / required margin.
Mark price
A moving average of the index and smoother and more robust representation of the market price of a contract
Unrealized PnL
Unrealized profit or loss on open futures positions. Unrealized PnL can be used as Available Collateral