Glossary
Short definitions of every term you need to trade on-chain perps.
15 posts
arcade finance: definition and how it differs from defi trading
what is arcade finance? a definition of the arcade-style perp trading category, how it differs from traditional defi perp dexes, and why uponly.win pioneered it.
rip: the uponly terminology for the one-tap leveraged perp
what is a rip on uponly.win? the definition of the giant red button, what happens when you tap it, and why "rip" is the core uponly verb.
paymaster: definition and how gas sponsorship works
what is a paymaster? a clean definition of erc-4337 paymasters, how gas sponsorship works, and how the uponly.win paymaster removes eth from the ux.
smart wallet: definition and why account abstraction matters
what is a smart wallet? a clean definition of erc-4337 smart accounts, the difference from eoas, and how smart wallets power uponly.win.
mark price vs index price: definition and why both exist
mark price vs index price on perps explained. clean definitions, how each is calculated, and why mark price (not last price) decides your liquidation.
open interest: definition and what it tells you about a market
what is open interest in crypto perps? a clean definition, what high and low oi signal, and how to read open interest on a perp dex.
stop-loss vs take-profit: definition and when to use each
stop-loss vs take-profit explained. precise definitions of each order type, why they exist, and how they apply to high-leverage perps and uponly rips.
slippage in perps: definition and how to think about it
what is slippage in perpetual futures? a clear definition, why it happens, and how slippage shows up on uponly.win and other perp dexes.
long vs short position: definition and how each side works
long vs short positions in crypto perps explained. clean definitions, payoff diagrams, and how going long or short actually works on uponly.win.
isolated vs cross margin: definition and which to use
isolated margin vs cross margin explained. definitions, tradeoffs, and how to pick the right margin mode for your perp trading style.
margin in crypto perps: definition and how it works
what is margin in perpetual futures? a clean definition of initial margin, maintenance margin, and how margin underwrites your leveraged position.
funding rate: definition, mechanics, and why perps need it
what is the funding rate on a perpetual future? a clean definition, how it is calculated, who pays whom, and how it affects positions on uponly.win.
liquidation price: definition, formula, and how to read it
what is a liquidation price? the precise definition, the math behind it, and how to read your liquidation level on uponly.win and any perp dex.
leverage in crypto perps: definition and how it actually works
what is leverage in crypto perps? a precise definition, how multipliers like 10x, 100x, and 500x map to risk, and how leverage works on uponly.win.
perpetual future: definition, mechanics, and why it exists
what is a perpetual future? a clear definition, how perps differ from spot and dated futures, and how they show up on uponly.win.