Opening a position. Click on "Long" or "Short" depending on which side you would like to open a leverage position on.
03 Mar 2023, 08:44
Opening a position
Click on "Long" or "Short" depending on which side you would like to open a leverage position on.
Long position
Earns a profit if the token's price goes up. Makes a loss if the token's price goes down
Short position
Earns a profit if the token's price goes down. Makes a loss if the token's price goes up
After selecting your side, key in the amount you want to pay and the leverage you want to use, in the above example 0.1 ETH worth $157.05 is being used to buy a 5x ETH (Ethereum) long position of size $781.35
The "Entry Price" is $1,570.52 and the “Liquidation Price” is $1270,55. Below the swap box you would also see the "Exit Price", which is the price that would be used to calculate profits if you open and then immediately close a position. The exit price will change with the price of the token you are longing or shorting.
The trading fee to open a position is 0.1% of the position size, similarly there is a 0.1% fee when closing the position.