Bybit Trading Terms

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Bybit Trading Terms

2023-12-28 06:11:10

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

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24hr Volume	Amount of transaction volume performed in the last 24 hours
24hr High	Highest recorded last traded price in the last 24 hours
24hr Low	Lowest recorded last traded price in the last 24 hours

A

Active Orders	Limit orders that are inside a trader's 'Active' tab pending for execution. This also represents orders that are pending for execution inside the order book.
Ask Price	The prices that traders are willing to accept to sell a given quantity of contracts for a particular coin on the platform
API	An acronym for Application Programming Interface, which is a software intermediary that allows two applications (e.g. Bybit to trading bots and vice versa) to talk to each other.
Available Balance	The amount of margin available inside a trader's asset balance to perform trading activities or asset withdrawals
Average Entry Price (AEP)	The consolidated entry price derived from the averaging of multiple entry prices based on multiple entry orders

B

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

CD

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

E

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

F

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
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.

GH

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.

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I

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.
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.
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.

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J K L

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.
Last Traded Price (LTP)	This is the platform's current market price

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M

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

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N

Notional Value

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

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O

Order Book	It is an electronic list of buy and sell orders for Bybit'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
Order History	Order history records all the orders that have been successfully placed by the trader on the platform
Order#	Order ID that is uniquely assigned to each individual order successfully placed on the platform

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P

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.
P&L	Profit and loss.
P&L%	Profit and loss percentage.

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Q

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.

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R

Risk Limit

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

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Stop Loss (SL)

A stop-loss order is an order placed to limit a trader's losses on an existing open position. SL orders can be easily placed via the TPSL function.

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T

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.
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.
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 and trading fees that were paid/collected.

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UVWXYZ

UID	Account unique ID number

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Bybit Trading Terms