Oracle and Index Price
Bluefin utilizes two types of price feeds to retrieve the USD value of perpetual contracts in various functions within its platform: Oracle Price and Index Price. These price feeds play a crucial role in the proper functioning of the platform, ensuring accurate calculations and triggering specific actions.
The Index Price is a volume-weighted average of spot prices from leading exchanges, aggregated and updated every few seconds. It is used for unrealized PnL calculations, triggering stop orders, and funding rate calculations
The Oracle Price, sourced from Chainlink, is used to trigger liquidations, calculate funding payments between, and protect traders from taking orders at prices far from the market.
By leveraging these two types of prices, Bluefin can offer its users a secure, robust, and efficient trading experience, ensuring that they can trade digital assets with confidence and ease.
The Oracle Price on Bluefin is used for liquidations, funding payments, and market take protection. This price is sourced from Chainlink, a decentralized oracle network that securely connects smart contracts with off-chain data feeds, APIs, and other resources.
By using Chainlink as its oracle provider, Bluefin can achieve robust, low-cost, and high-performance price referencing and correlated on-chain calculations, minimizing pricing vulnerabilities and ensuring a seamless trading experience for its users.
The parameters of Chainlink's prices can be found here: https://data.chain.link/arbitrum/mainnet/crypto-usd
The Index Price is used for unrealized PnL calculations, triggering stop orders, and funding rate calculations.
Bluefin's Oracle and Index Prices are vital to the platform's functionality, ensuring accurate calculations and triggering specific actions. The Index Price, provided by Kaiko, is used for unrealized P&L calculations, triggering stop orders, and funding rate calculations, while the Oracle Price, sourced from Chainlink, is used for liquidations, funding payments, and market take bound. By utilizing reliable and secure price feeds from Kaiko and Chainlink, Bluefin ensures its users can trade digital assets with confidence and ease.
Bluefin uses Kaiko's Volume-Weighted Average Price (VWAP) feed, whose details can be found here: https://docs.kaiko.com/#asset-price. This index price is a VWAP of all trades aggregated on a 10-second interval from multiple exchanges, offering protection from events such as flash crashes on any single exchange.
USDT-USD
- Coinbase
- BinanceUS
- Gemini
- Kraken
- Bitfinex
- Bitstamp
- Bittrex
- OkCoin
- CEX.IO
- OSL
BTC-USD
- Coinbase
- Binance
- BinanceUS
- Kraken
- Bybit
- Bitstamp
- Gemini
- Bittrex
- KuCoin
- BitMEX
- Huobi
- Bitfinex
- Poloniex
- OKEX
- Delta Exchange
- MEXC
- BigOne
- CoinEx
- BitForex
- BtcTurk
- Bitpanda
- UPbit
- OSL
ETH-USD
- Coinbase
- Binance
- BinanceUS
- Kraken
- Bybit
- Bitstamp
- KuCoin
- BitMEX
- Huobi
- Bitfinex
- Poloniex
- Delta Exchange
- OKEX
- CoinEx
- BitForex
- MEXC
- Bittrex
- BtcTurk
- CEX.IO
- Kraken
- UPbit
- BigOne
DOGE-USD
- Binance
- Coinbase
- Kraken
- Kucoin
- Huobi
- Bittrex
- Poloniex
- BigONE
- Bitfinex
- MEXC
- Bybit
- BitForex
- OKEX
- HitBTC
- UniswapV2
- Crypto.com
- CoinEx
MATIC-USD
- Coinbase
- Binance
- BinanceUS
- Bybit
- Huobi
- KuCoin
- OkEX
- Kraken
- Bitfinex
- Bittrex
- BitMEX
- Mexc
- BitForex
- CoinEx
- Poloniex
- BigONE
- BtcTurk
SOL-USD
- Binance
- BinanceUS
- Coinbase
- Kraken
- OKEX
- Kucoin
- BitMEX
- Huobi
- Poloniex
- CoinEx
- BigONE
- Delta
- Bitfinex
- MEXC
LINK-USD
- Binance
- BinanceUS
- Coinbase
- Kraken
- OkEX
- Kucoin
- Huobi
- Poloniex
- BigONE
- Bitfinex
- Bittrex
- BtcTurk
- CoinEx
- MEXC
ARB-USD
- Binance
- OkEX
- Bybit
- Kucoin
- Huobi
- Bitfinex
- BitForex
- MEXC
Last modified 2mo ago