The Last Price is the price at which the last trade occurred right before the time of contract expiration. Last Price Marking ensures that the contract is settled closest to the spot market price. It minimizes price discrepancy and ensures a fairer trading environment.
On the EasyCoins platform, the liquidation of the contract is executed based on the last price. This gives traders more power and adaptability, allowing them to act based on their unique risk tolerance and market conditions. We will consider a simple LTC-BTC Linear futures example to better understand how futures work.