Open a position
- 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.
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.
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.
Here, you opened a 5 ETH position at 4077. If the market rises by 1%, your P/L will equal:
Conversely, if the market falls by 1%, your P/L will equal:
If your loss exceeds -80% of the margin tied to the position, the position is liquidated.