# Last Price, Index Price & Oracle Price **Last Price** The Last Price represents the most recent transaction price of a contract, updated in real time and displayed in the order book. This metric is essential for traders engaged in day trading and scalping strategies, as it reflects the latest market activity. By providing immediate insights into current trading conditions, the Last Price enables traders to make timely decisions based on the most recent data. **Index Price** The Index Price is derived from the weighted average of prices collected from multiple major crypto exchanges, including Binance, OKX, Bybit, and Coinbase. These weights are dynamically adjusted every four hours to align with fluctuations on these platforms. Utilizing the Index Price helps users sidestep exchange-specific anomalies, making it advantageous for swing trading positions. Notably, this aggregated price is primarily used to calculate funding fees, ensuring fair funding rates across the market. **Oracle Price** The Oracle Price is sourced from the independent provider Stork and is used to calculate margin requirements and liquidation prices. The estimated liquidation price is influenced by the user’s leverage and margin. If the Oracle Price reaches this liquidation threshold, the position will undergo forced liquidation. Oracle Prices are crucial for maintaining the integrity of the trading platform by providing reliable price data that is resistant to manipulation. For a comprehensive understanding of Stork's methodology for determining the Oracle Price, please refer to Stork's [documentation](https://docs.stork.network/). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://edgex-1.gitbook.io/edgex-documentation/trading/last-price-index-price-and-oracle-price.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.