Glossary

bp (basis point). 0.01%. 1 bp of a 10,000 USD trade is 1 USD.

Builder / integrator fee. A fee a venue lets an app add on top of its own fee. This is how Mimiq earns its 1 bp.

Copy source. The venue and trader whose positions you mirror.

Execution venue. The venue where your orders are placed.

Delta-neutral. Long and short the same token on two venues, so price moves cancel out.

Funding rate. A periodic payment between longs and shorts on perpetual futures.

Leg. One side of a delta-neutral pair.

Hedge guard. Watches open pairs. If one leg is closed, stopped or liquidated, it closes the other.

Smart Plan. A delta-neutral plan that opens, holds, closes and repeats on its own.

Slippage ladder. Mimiq retries an order with a wider price limit, from 0.3% up to 2.0%.

Reduce-only. An order that can only shrink a position, never grow it.