8V USDT futures use the Mark Price and Index Price to enhance market stability and prevent unnecessary forced liquidations due to abnormal fluctuations.
1. Mark Price
The mark price is calculated based on the index price and multiple parameters, which tends to fluctuate less compared to the market price. The calculation is as follows:
Mark Price = Median (Price1, Price2, Last Traded Price)
Where:
Price1 = Index Price × (1 + Funding Rate Basis)
Funding Rate Basis = Funding Rate × (Time until the next funding payment / Funding Rate Payment Interval)
Price2 = Index Price + 5-Minute Moving Average
Moving Average = Moving Average[(Best Bid + Best Ask) / 2 − Index Price]
2. Index Price
The index price helps mitigate abnormal price fluctuations. 8V USDT futures’s index price is derived from three platforms: Binance, OKX, and HTX. The formula is as follows:
Index Price = (Weighted Percentage of Exchange A * Spot Price of Exchange A + Weighted Percentage of Exchange B * Spot Price of Exchange B + …)
Where:
Weighted Percentage of Exchange A = Weight of Exchange A / Total Weight
8V Cryptocurrency Exchange will periodically update the composition of the Index Price. Please stay informed.
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