Terms

#	Definition
Market Price	The current Market Price of the trading pair. Prices are shown with real-time data.
Claim Price	The covered price When Market Price touches Claim Price, the system activates the payment.
Liquidation Price (Liq. Price)	Depending on Claim Price and Period. When Market Price touches Liq. Price, the contract is liquidated immediately.
Refund Price	The Refund Price is calculated based on the set of conditions including the open price. When Market Price is between the Refund Price and the Claim Price at the Expire Time, the user's margin is refunded.
Close Price	The price when a contract is successfully closed. Close price is determined at the time the contract changes from "Available" to another status.
Open Price	The price when a contract is successfully opened.
Cover Amount	Amount of assets to be covered. Units of USDT or Assets.
Refund Amount	The amount to be refunded. Refund Amount is automatically refunded when the refund conditions are met or when users decide to close the contract before expiration time.
Claim Amount	Claim Amount is automatically transferred to the user's wallet after Market Price reaches Claim Price. With a certain margin, The shorter the contract period, the greater ratio of Claim Amount.
Margin	The amount that user needs to deposit to open the contract successfully The margin amount ranges from 2% to 10% of the cover amount
Period	The term of the contract depends on the margin rate and Claim Price.
Open Time	The time that the contract is activated.
Close Time	The time that the contract is closed.
Expire Time	The time that the contract is expired.
Bull	Protect your assets/positions against the risk of price increase.
Bear	Protect your assets/positions against the risk of price decrease.