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Why do mark, index and last prices differ?

Separate the purposes of three common futures prices.

Equipe editorial Smart CoinAtualizado 2026-08-18Cerca de 7min

Last price is one trade

It can move sharply on a shallow venue.

Index combines spot references

Constituents and outlier handling affect the result.

Mark may drive liquidation calculations

It is not necessarily executable, so check the live order book separately.

Perguntas frequentes

Can I trade directly at the mark price?

Usually it is a calculation reference; executions occur against the order book.

Fontes

Revisado com fontes oficiais. Confira os detalhes na fonte original.

Informações gerais; não é consultoria financeira nem garantia de retorno.