Auto-renew - Automatically renews lending orders as they expire.
Ask - A sell order.
Balance - Amount of a currency held in an account.
Base Price - The approximate breakeven price of a position.
Bid - A buy order.
Borrower - A user using financing to open a position; a "funding taker".
Central Limit Order Book (CLOB) - Centralized database of all limit orders.
Claim - Immediately settle a leveraged position by buying the position.
Close - Selling out of a long position or buying out of a short position.
Collateral - A Borrower’s assets, which can be used to secure financing.
Confirmation - Equivalent to 1 new block discovered and validated by the network.
Context - Description of an order’s nature; either Exchange or Margin.
Count - The number of orders at a specific level.
Counterparty - The traders or lenders matched with your order.
Cryptocurrency - Digital currency that is cryptographically secured.
Effective Period - The time until borrowed funding expires.
Effective Rate - The interest rate being paid for borrowed funding.
Equity - Net assets of an account.
EVT - Ethfinex Voting Token
Exchange - Trading without leverage; can also refer to the Ethfinex platform.
Exchange Wallet - The wallet used for exchange trading.
Execute - To complete an action.
Expiration - The time until borrowed funding is returned.
Fee - Amount charged to provide a service (trade, bank wire, etc.).
Fiat - A national currency, e.g. USD, JPY, CHF, CNY, CAD, AUD, EUR.
Flash Return Rate (FRR) - A moving average rate based on the average of all fixed-rate positions, weighted by their amount.
FRR Delta - A dynamic rate that is a specified offset from the FRR.
Funding - A funding provider lends currency; a funding taker borrows currency.
Funding Cost - Amount owed to lenders for a position.
Funding Provider - The funding lender.
Funding Taker - The funding taker.
Funding Type - Financed position on either a Daily or Term basis.
Funding Wallet - The wallet specific to providing funding.
Gross Trading Balance - The USD equivalent value of your margin wallet balances.
Hidden - A bid, ask, or funding offer that is not visible on the order book.
High - The highest price traded for a specified currency over a 24 hour period.
Leverage - Amount of borrowed funding to finance a trade position
Liquidation - The force closing of a position that cannot maintain required margin amount.
Liquidity - The size and quantity of orders in the order book.
Liquidity Taker - A trader removing liquidity from the order book or a funding borrower.
Low - The lowest price traded for a specified currency over a 24 hour period.
Maintenance Margin - The required net asset value, as a percentage of borrowed funds.
Market Maker - A user adding liquidity to the order book.
Market Taker - A user removing liquidity from the order book.
Margin - Trading with leverage; also known as collateral.
Margin Available - The total amount of funding offers available.
Margin Buy - Using leverage to long (buy) a position.
Margin Call - A notification that your position is in danger of liquidation.
Margin Reserved - The amount of funding borrowed for margin trading.
Margin Sell - Using leverage to short (sell) a position.
Margin Wallet - The wallet used for leveraged/margin trading.
Market - All traders executing orders of any type.
Market Price - The value of the most recently executed order.
Matched - Two parties (buyer/seller or borrower/lender) matched to execute an offer.
Maximum Margin Rate - The highest interest rate a trader is willing to accept for funding.
Nectar Token - An Ethereum ERC20 token
Net Trading Balance - The sum of Gross Trading Balance + Unrealized P/L + Unrealized Funding Cost.
Offer - Orders in the order book or funding book
Order - A bid (buy order) or ask (sell order) and its type: Market, Limit, Stop, etc.
Order Book - A database of available bids and asks.
Over The Counter (OTC) - Access to large liquidity outside of the public order book.
Pair - A currency against another currency; e.g., ZRX/ETH or NEC/ETH
Per - Duration of margin funding, typically expressed in days.
Peer-to-Peer - From one user to another; person to person.
Period - The duration a borrowed funding offer has until it expires and is returned.
Platform - The Ethfinex exchange upon which trading and discussion occurs.
Position - The trade amount longed (bought) or shorted (sold) via the order book.
Precision - Number of significant figures.
Profit/Loss (P/L) - The profit or loss of open margin positions, relative to the market price.
Provided - Amount of funding given to a borrower for a specific rate and duration.
Rate - Interest charged to the borrower of funding.
Required Equity - The amount of equity needed to keep a margin position open.
Reserve - A funding taker secures a funding offer from a funding provider.
Spread - The difference between the ask and bid prices.
Taken: Unused - Borrowed funding available to open a position
Taken: Used - Borrowed funding bound to an open position
Throttled - Update frequency of the order book (default is 5 seconds)
Ticker Price - The price of the most recently executed trade; also known as Market Price.
Total - The cumulative amount at a specific price (trading) or rate (funding).
Transfer - Moving funds in and out of Ethfinex, or between wallets.
Trigger - Target at which an action will execute.
Type - Order type (market, limit, stop, etc).
Unrealized P/L - The profit or loss of an open position if it were closed at market price.
Unrealized funding cost - The total unrealized funding cost for all open margin positions.
Verified - A user who has submitted satisfactory compliance documentation.
Volume - The total quantity or value of trades (buys and sells) within a certain timeframe.
Wallet - Storage location for a specific type of currency.