What is Mark Price?
CoinEx employs a unique system called Fair Price Marking, where instead of the Last Price, the Mark Price is set as the Fair Price to avoid unnecessary liquidations. Without this system, the Mark Price may deviate from the Index Price difference if the market is being manipulated, or illiquid, leading to unnecessary liquidations.
what does Mark Price do?
Mark price is used to calculate the price index from the floating profit or loss(PNL) and liquidation on the position.
Mark Price mainly functions to prevent unnecessary forced liquidations in high-leverage contract tradings and reduce the loss caused by the price manipulation in contract trading and the lack of liquidity. The mark price can only influence the floating PNL and forced liquidation but not the offset PNL.
Update Frequency: Every 5 seconds.
Please note that Fair Price Marking only affects the Liquidation Price and Unrealized PNL, and does not affect Realized PNL.