Short, fact-anchored definitions of the perpetual trading terms used across ARX content. Each entry has its own page with full FAQ and citations. Use the index as a quick reference when reading the blog or insights.
A periodic payment between perpetual contract longs and shorts that keeps the perp price tracking the underlying spot price.
Hyperliquid's permissionless market listing standard for perpetual contracts.
Perpetual futures contracts on real-world assets (gold, oil, equities) that settle on-chain.
Automatically mirroring another wallet's trades on a transparent blockchain, with self-custody and verifiable track records.