> For the complete documentation index, see [llms.txt](https://doc.ave.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.ave.ai/ave-ai-perp-dex/ave.ai-perpetual-trading-interface/top-market-information-panel-real-time-contract-overview.md).

# Top Market Information Panel: Real-Time Contract Overview

The top section displays **key market data for the selected contract**, designed to help users assess **market activity, risk level, and capital structure** without leaving the trading interface.

<figure><img src="https://282307349-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVhfw2n4uNr4o5eCyFsyK%2Fuploads%2FZBvlYcIqzOexOB5VzBUp%2Fimage.png?alt=media&amp;token=3c39eb8b-d31d-487c-b599-2c4f829bbf97" alt=""><figcaption></figcaption></figure>

1. **Trading Pair & Contract Type**

This area confirms the **asset and contract type** being traded.“Perpetual” means the contract has **no expiry**, with prices anchored to spot via the funding rate mechanism.**Key checks:**

* Are you trading the correct asset?
* Is this a perpetual contract (not a delivery contract)?

👉 This serves as the **first safeguard against mis-trades**. Currently, Ave.ai supports major contracts such as **BTC, ETH, SOL, DOGE, XRP**, etc.<br>

2. **Last Traded Price**

This is the **latest executed market price**, forming the basis for all PnL calculations.In short-term trading, it is also critical for:

* Triggering stop-loss / take-profit
* Confirming breakouts<br>

3. **Index Price**

The index price is derived from a **weighted average across multiple spot exchanges**.Its role:

* Prevent price manipulation from a single exchange
* Serve as the basis for liquidation calculations

👉 During volatility, **liquidations are triggered by index price, not last traded price**.<br>

4. **24H Change / High / Low / Volume / Open Interest**

These metrics reflect **market volatility and activity**.**Typical interpretation:**

* High volume + large price movement → active market, suitable for short-term trading
* Low volume + narrow range → better for grid strategies or waiting for breakout

**Open Interest (OI)** shows whether capital is entering or leaving the market:

* Price ↑ + OI ↑ → new long positions driving the trend<br>

5. **Funding Rate & Countdown**

Funding rates keep perpetual prices aligned with spot.Traders use this to assess:

* Market positioning (long vs short crowding)
* Holding costs

Example:

* Positive funding → longs pay shorts → crowded long market 👉 Often used as a **contrarian signal**