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CHAPTER 9 OF 10 • QUANTITATIVE MANUAL

9. Terminology Glossary

Essential quantitative dictionary: Arithmetic Grid, Geometric Grid, Maintenance Margin, Maker/Taker spread, and Floating PnL.

Float PnL

The unrealized profit or loss of open positions currently held by the bot.

Grid Profit

Total accumulated profit generated exclusively from completed limit order pairs.

MMR

Minimum margin required to keep open leveraged positions alive.

Arithmetic Step

Uses equal flat currency steps ($10 step) between grid levels.

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