Key Terminology
Before diving into the APIs, it’s important to understand how INTX distinguishes between core concepts:| Term | Definition | Example |
|---|---|---|
| Asset | A cryptocurrency that can be held, deposited, or withdrawn. Assets represent your account balances. | BTC, ETH, USDC |
| Instrument | A tradable product that defines what you’re buying or selling. Instruments can be perpetual futures or spot pairs. | BTC-PERP, ETH-USDC |
| Order | A request to buy or sell an instrument at a specified price and quantity. Orders are the parent record that fills are executed against. | Limit order to buy 0.5 BTC-PERP at $50,000 |
| Fill | A completed trade execution recorded against an order. When an order matches, one or more fills are created with the executed price and quantity. | Fill of 0.5 BTC-PERP at $50,005 on order 14thr7eg-1-1 |
| Position | An open exposure in an instrument resulting from executed trades. Positions have a direction (long/short) and unrealized PnL. | Long 1.5 BTC-PERP |
- Asset vs Instrument: Assets are held (e.g., 10 USDC in a balance). Instruments are traded (e.g., BTC-PERP). An asset transfer moves cryptocurrency between portfolios. A position transfer moves an open derivatives position.
- Order vs Fill: An order is the parent record representing a trade request. Fills are the individual executions recorded against that order. One order can produce multiple fills if matched in parts.
- Balance vs Position: A balance reflects how much of an asset is held. A position reflects exposure to an instrument’s price movement.
Instrument Types
INTX supports two primary instrument types:- Perpetual (
PERP): Perpetual futures contracts that never expire. These instruments track the underlying asset price and use a funding rate mechanism to keep prices aligned with spot markets. - Spot (
SPOT): Direct asset-to-asset trading pairs for immediate settlement.