External Price
Mechanics related to external perp pricing.
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Mechanics related to external perp pricing.
The External Price is a separate price, included alongside oracle and mark in Relayer updates, which is equal to the last externally-derived fair price. When external markets are open, the external price is equal to the oracle price. When external markets are closed, the external price remains fixed at the external close price while the oracle advances via its internal pricing mechanism.
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