Pricing

Contango shows different prices on the UI. The major difference to bear in mind is between oracle and market price: the first uses a decentralised price feed to value an asset; the latter is the real price at which the asset will be traded.

The entry price shown on Contango when opening or modifying a position is the market price at which the base currency is currently trading on the spot market and at which your trade will be executed after you process the necessary approvals. It's marked with a ✅ next to it to indicate it's a firm quote from the aggregators that Contango queries. The same occurs when modifying or closing: firm quotes are marked with a ✅ indicating the real market price.

The entry price can differ from the mark price shown in the ticket, which is an oracle price: it's the price at which the underlying money market is valuing the base asset. Therefore it's the most accurate measure of how to compute the healthiness and liquidation price of a position. This price is what is used for liquidations - which are indeed performed by the underlying money markets - and it's shown in the 'Open Position' list against the liquidation price.

Charts show oracle prices too. In order to plot charts, Contango picks the chain where oracles has both the lowest heartbeat and the lowest deviation, so as to make the chart as responsive as possible. This means that the chart is indicative and it’s not specific to the selected money market. Prices on charts should be seen as mid-market prices, for reference purposes only.

Before trading → always make sure to understand all price values you're seeing on the app, and bear in mind that, by design, oracle prices can have deviations from real market prices.