Glossary

Trading Terms

Term	Definition
Funding Rate	Periodic payment between long and short traders in perpetual futures
Perpetual Futures	Futures contract without expiration date
Hedging	Opening opposite positions to neutralize price risk
APR	Annual Percentage Rate - estimated yearly return
Epoch	One funding interval period (usually 8 hours)
Mark Price	Fair price used for funding calculation
Delta-Neutral	Strategy where price movement doesn’t affect profit
Arbitrage	Profiting from price differences between markets

Position Terms

Term	Definition
Long Position	Buying with expectation of price increase
Short Position	Selling with expectation of price decrease
Leverage	Multiplier for position size relative to margin
Margin	Collateral required to open a position
Liquidation	Forced closure of position due to insufficient margin

Zirodelta-Specific Terms

Term	Definition
Single-Direct Mode	Immediate execution based on funding rate spread
Single-Delay Mode	Delayed execution waiting for price spread threshold
Multiple Mode	ATR-based multi-level position strategy
Funding Delta	Difference in funding rates between two exchanges
Net Spread	Price difference minus fees

Exchange Terms

Term	Definition
Taker Fee	Fee paid when taking liquidity (market orders)
Maker Fee	Fee paid when providing liquidity (limit orders)
API Key	Authentication credential for exchange access
API Secret	Private key paired with API Key
API Passphrase	Additional security layer (KuCoin specific)

Risk Terms

Term	Definition
Slippage	Difference between expected and actual execution price
Spread	Difference between bid and ask price
Volatility	Measure of price fluctuation
ATR	Average True Range - volatility indicator