I've been asked about this several times, so I figured I'd write it up.
The mark price is the price exchanges use to calculate unrealized P&L and determine liquidations.
They don't use the latest price directly to calculate liquidations, to avoid unnecessary cascading liquidations caused by momentary price distortions in a single market.
Here's a real-time reference: $BTC current price 69407.52 (24h -5.57%).
If you get it, comment “1”; if not, leave a message and ask away.
The mark price is the price exchanges use to calculate unrealized P&L and determine liquidations.
They don't use the latest price directly to calculate liquidations, to avoid unnecessary cascading liquidations caused by momentary price distortions in a single market.
Here's a real-time reference: $BTC current price 69407.52 (24h -5.57%).
If you get it, comment “1”; if not, leave a message and ask away.