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  • What's CAP?
  • Terms of Use
  • Getting Started
    • Setting up your wallet
    • Spread The Gospel
  • Trade
    • Open a position
    • Add margin
    • Close a position
  • Pool
    • Deposit
    • Withdraw
  • Stake
    • Buy CAP
    • Deposit
    • Withdraw
  • Extras
    • Contracts
    • API
    • FAQ
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On this page
  • Settlement
  • Funding
  • Profit & Loss
  • Liquidation
  1. Trade

Open a position

PreviousSpread The GospelNextAdd margin

Last updated 2 years ago

To start trading, go to and connect your wallet with the Arbitrum One network selected.

  1. Select a market to trade.

  2. Select a base currency. Your margin will be denominated in this currency.

  3. Select leverage. Leverage multiplies your potential profit or loss on the trade.

  4. Enter a trade size. This is equal to margin × leverage. For example, a trade size of 50 ETH at 50× leverage will use 1 ETH in actual balance (margin) from your wallet.

    If you think price will rise in the future, open a long. If you think price will fall, open a short.

Settlement

Once submitted, your order will appear as "Settling" in your positions panel while it is picked up and priced by the dark oracle network (usually a few seconds).

Once settled, your position's execution price and unrealized profit or loss (P/L) appear.

Funding

As long as your position is open, it will incur funding, which is charged hourly. The hourly funding rate appears on the confirmation screen prior to opening a position.

All P/L numbers shown in your dashboard are already inclusive of all funding charges.

Profit & Loss

Here, you opened a 5 ETH position at 4077. If the market rises by 1%, your P/L will equal:

5ETH×1%=0.05ETH5 ETH \times 1\% = 0.05 ETH5ETH×1%=0.05ETH

Conversely, if the market falls by 1%, your P/L will equal:

5ETH×−1%=−0.05ETH5 ETH \times -1\% = -0.05 ETH5ETH×−1%=−0.05ETH

Liquidation

If your loss exceeds -80% of the margin tied to the position, the position is liquidated.

You can choose to avoid liquidation by to your position.

adding margin
Trade