What is the difference between Mark Price and Last Price?🚨🚨🚨🚨㊙️㊗️🈴🈹
To avoid spikes and unnecessary liquidations during periods of high volatility, Binance Futures uses Last Price and Mark Price.🧿
Last Price refers to the latest transaction price the contract was traded at. In other words, the last trade in trading history defines the Last Price. It’s used for calculating your realized PnL (Profit and Loss).♨️
On the other hand, Mark Price is calculated using a combination of funding data and a basket of price data from multiple spot exchanges. Your liquidation prices and unrealized PnL are calculated based on the Mark Price.
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