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Glossary of price-mechanics terms
This list isn't trying to be complete. It contains only the terms you actually run into while reading explanations of why prices move, each with a usable definition and — more useful still — the way it is most commonly misread.
Why every entry carries a misreading
Because most bad judgements don't come from not knowing a definition — they come from extending the definition too far. Everyone can recite what a positive funding rate is, but it measures crowding rather than correctness, and missing that makes knowing the definition more dangerous than not knowing it.
About this page
Entries describe general mechanisms, verified August 2026. Platform-specific parameters (settlement intervals, maintenance margin ratios, formulas) are set by each platform and can change; consult their public documentation.
This page does not predict direction, publish targets or advise on timing. Educational use only; not investment, tax or legal advice.